GAC Eyes Opportunities in Disrupted Market
Shipping, logistics and marine services company GAC is approaching turbulent global markets with a push for greater innovation and flexibility, according to GAC Group President Bengt Ekstrand. Dubai-headquartered GAC said it has maintained a solid balance sheet despite slumps in key markets such as shipping and oil and gas. During a conference of GAC company managers in Dubai, Ekstrand outlined the group’s approach for the next five years.
Subsidy-Reliant Offshore Wind Takes Cue from Big Oil
From a helicopter, it looks like just another North Sea oil rig, a grey cube supported by massive yellow pillars, 90 kilometres (56 miles) off western Denmark. But…
Japan Starts Probe of LNG Shipping Restrictions
Japan's Fair Trade Commission (JFTC) has ordered the country's liquefied natural gas (LNG) buyers to provide details on contract requirements that prevent them from…
Unexploded WWII Bomb Halts Ferries in Portsmouth Harbour
An unexploded World War Two bomb was found in Portsmouth Harbour on England's southern coast on Wednesday, halting traffic of cross-channel ferries at the port.
Taiwan Offers to Lend Shippers $1.9 bln
Taiwan's government said on Wednesday it will offer to lend struggling local shippers NT$60 billion ($1.9 billion) at below-market interest rates, to help them cope with the industry's worst downturn.
Throughput at Port of Hamburg Up Slightly
At 104.9 million tons, total seaborne cargo throughput for the first three quarters of 2016, covering general and bulk cargo segments, was up 0.3 percent on the previous year.
Tribute to the Seventh Coast Guard District
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, announced today that…
CNCo Christened MV Tunsin at Imabari Shipyard
The China Navigation Company (CNCo) christened its last newbuild bulk carriers, MV Tunsin, on 16 November at the Imabari Shipyard in Japan. Tunsin is the 241st CNCo…
Adani Ports Adds Three RMGCs in Mundra
Adani Ports & Special Economic Zone Ltd (APSEZ), India’s largest port developer, has recently made an addition of three new Rail Mounted Gantry Cranes (RMGC), for…
MPI Discovery Completes Rampion Foundation Installation
The wind turbine installation vessel (WTIV), MPI Discovery, has completed foundation installation works at the Rampion Offshore Wind Farm off the south coast of England.
Public Support Needed to Promote Inland Navigation in Baltic Region
Inland navigation has a lot of potential in the Baltic Sea Region, even though the geographical and administrative conditions for inland navigation differ from country to country.
Virginia Port, Konecranes Ink Largest ASC Deal
Governor Terry R. McAuliffe announced that The Port of Virginia will finalize the $217 million contract with Konecranes for that company to build and deliver 86…
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