Maersk Divest its Shares in Danske Bank
Danish shipping and energy giant A.P. Møller – Maersk A/S has sold its shares in the Danske Bank A/S for a total of DKK 3.2 billion (USD 477 million). Maersk owns…
Liverpool2 Terminal Open for Business
One of the world’s most modern shipping terminals has been opened for business in the Port of Liverpool, offering a new state-of-the-art deep water gateway in the U.K.
USN's MUOS-5 Satellite Reaches Orbit
The Navy's fifth Mobile User Objective System (MUOS) satellite has reached operational orbit and has successfully deployed its arrays and antennas. On Oct. 22, the…
Blue Denmark in Need of New Competences
New technological developments and increasing competition from other countries may change future requirements for the education and competences demanded from Blue Denmark.
Intellian Unveils New 1m dual-band Antenna for uninterrupted coverage
Intellian launched the dual-band, 3-axis s100HD WorldView satellite TV system, featuring the company’s latest generation LNB (Low Noise Block-Down Converter) technology.
Diana Shipping Abandons Kamsarmax Order
Diana Shipping Inc. today announced that, through a wholly-owned subsidiary, it provided a notice of cancellation of the shipbuilding contract with Yangzhou Dayang Shipbuilding Co., Ltd.
Mud Cat MFD-1000 Dredges Lake for Residential Development
Ellicott Dredge Technologies (EDT) has been successful in launching a Mud Cat Multi-Function Dredge (MFD) at the SouthBay Residential Development in Bismarck, North Dakota.
Three Maritime Leaders Receive United Seamen's Awards
Arthur E. Imperatore, Founder and President of New York Waterways; Captain Donald Marcus, International President of the International Organization of Masters, Mates & Pilots…
APL Gears Up as Part of Ocean Alliance
As part of the CMA CGM Group, APL will join the league of the world’s largest container shipping lines in the OCEAN Alliance from April 2017. Navigating forward…
EOG Resources Posts Smaller Quarterly Loss
Oil producer EOG Resources Inc's loss in the third quarter was smaller than a year earlier the company took an impairment charge of more than $6 billion. The company posted a net loss of $190 million…
Boat that Attacked Tanker off Yemen Carried Explosives
Unknown assailants who opened fire on a gas tanker last week off the coast of Yemen were also carrying a "substantial amount of explosives", the vessel's owner said on Thursday…
Burgess Marine Acquires Yacht Specialist Global Services
Britain’s largest independent ship repairer and marine engineering services provider, Burgess Marine, has today completed the acquisition of the Superyacht centric procurement specialist Global Services and its sister company Global New Builds. The acquisition is Burgess Marine’s fifth to date and its second since RJD Partners’ private equity investment in February of last year. “Whilst on paper this is an acquisition the operational reality is far…
Great Lakes Limestone Trade Dips 3.5% in October
Shipments of limestone on the Great Lakes totaled 3.3 million tons in October, a decrease of 3.5 percent compared to a year ago, the Lake Carriers’ Association (LCA) reported. October’s loadings were also 5.4 percent below the month’s five-year average. LCA said loadings from U.S. quarries totaled 2.7 million tons, a decrease of 7.8 percent compared to a year ago, while shipments from Canadian quarries totaled 613,000 tons, an increase of 21.4 percent.
First Marine Order for PowerCell S3 Prototypes
The fuel cell company PowerCell Sweden AB (publ) has received the first marine order for two PowerCell S3 prototype stacks, which Swiss Hydrogen will install on a ship powered by photovoltaics.
GE Marine Solutions Expands Asia Presence
GE’s Marine Solutions has appointed Jason Electronics Pte. Ltd. as its value-added reseller for SeaStream dynamic positioning (DP) systems in the ASEAN region and China. The appointment gives Jason Electronics reselling rights of GE products in the aforementioned regions. “The collaboration between GE and Jason Electronics ensures that GE will acquire a long-term reliable partner in key regions. It…
Diana Containerships Sells MV Angeles for Scrap
Diana Containerships Inc. said that it has reached an agreement to sell the 2006-built Panamax vessel Angeles (formerly YM Los Angeles) for demolition, with delivery due to the buyer by mid-November 2016. The vessel was sold through Diana’s separate wholly-owned subsidiary to an unaffiliated third party for a sale price of approximately $6.69 million before commissions. Upon completion of the sale…
Will Naval Operations Heat up in the Arctic?
As diminishing sea ice in the Arctic Ocean expands navigable waters, scientists sponsored by the Office of Naval Research have traveled to the region to study the changing environment and provide new tools to help the U.S. Navy operate in a once-inaccessible area. "This changing environment is opening the Arctic for expanded maritime and naval activity," said Rear Adm. Mat Winter, chief of naval research.
France to Defend Interests in STX Shipyards
The French government has told South Korea it will oppose any solution for shipbuilder STX France that is against national industrial interests, Industry Minister…
OCEAN ALLIANCE Sets Out Network
Members of the OCEAN ALLIANCE, COSCO Container Lines, CMA CGM, Evergreen Line and Orient Overseas Container Line, signed a document entitled the Day One Product…
C-MAP Unveils Insight Chart Options
Global cartography leader C-MAP is set to introduce a new series of map products for boaters. The new U.S. mapping products — C-MAP Insight Pro and C-MAP Lake Insight…
