MAN Turbochargers Round Millennium Mark
ECOCHARGE principle drives improved engine performance through two-stage turbocharging. MAN Diesel & Turbo has delivered its 1,000th turbocharger to two-stage turbocharged applications, the company announced. MAN has a long history in two-stage turbocharging and first evaluated the technology back in the 1970s. In late-2000, MAN focused on the technology to improve its four-stroke portfolio, resulting in the development of MAN ECOCHARGE…
China's Robust Crude Oil Imports Mask Changing Fuel Dynamics
China is a bigger concern for crude oil and products markets than the current worries about the British vote to leave the European Union. While the news media continues its relentless focus on Brexit…
EU to Accept Antitrust Offer from Maersk, MSC, 13 Others
World No.1 container liner Maersk, Swiss peer MSC and 13 other shipping firms are set to escape possible penalties as EU antitrust regulators plan to accept their offer to end a five-year probe, three people familiar with the matter said on Tuesday. The European Commission is likely to announce its decision next month, which means no fine or finding of wrongdoing against the companies, the sources said. Commission spokesman Ricardo Cardoso declined to comment.
Baltic Index Rises for Fifth Consecutive Session
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday for a fifth straight session on stronger demand across all vessel segments.
EU to Accept Antitrust Offer From Maersk, MSC, 13 Others
World No.1 container liner Maersk, Swiss peer MSC and 13 other shipping firms are set to escape possible penalties as EU antitrust regulators plan to accept their offer to end a five-year probe…
Hapag-Lloyd Agrees on Merger Terms with UASC
German container shipping line Hapag Lloyd AG on Tuesday said it has reached an agreement on terms and conditions of a business combination agreement with Arab peer United Arab Shipping Company (UASC). The deal, which would involve all shares in UASC being moved to Hapag-Lloyd, was approved by the Hapag-Lloyd supervisory board, it said in a statement. The merger still hinges on approval by both Hapag-Lloyd's anchor shareholders and the consent of UASC shareholders.
New Port Academy Liverpool Unveiled at Grand Opening
LIVERPOOL City Region has launched a new £2.5 million maritime training academy which it believes is the only one in the U.K. to create vitally needed skills and become a beacon of international excellence. Hugh Baird College, Bootle, and its supporting partners officially launch the Port Academy Liverpool (PAL) with some 200 guests from across the U.K. representing the maritime industry, Merchant Navy, Royal Navy – both past and present - and charitable trusts.
Singapore Exchange, Baltic Exchange Continue Transaction Talks
Singapore Exchange (SGX) has agreed with the Baltic Exchange Limited (Baltic Exchange) to extend the period of exclusive discussions regarding a cash offer for 100…
Charting the Shift of Oceanic Boundary Currents
Global warming results in fundamental changes to important ocean currents. As scientists from the Alfred-Wegener-Institute show in a new study, wind-driven subtropical…
Evinrude Expands E-Tec G2 Horsepower
BRP (TSX:DOO)announced today the release of the next generation of Evinrude E-TEC G2 models with horsepower ranging from 150 to 200, the E-TEC G2 150, 150 H.O., 175 and 200.
Construction of new Stockholm Norvik Port Begins
For Hutchison Port Holdings (HPH), one of the world’s leading container terminal operators, Stockholm is strategically important. In April the final permit was obtained…
Wärtsilä, Zamakona Yards Join forces in Canary Island
Wärtsilä is enhancing its service offering by participating in a new maintenance hub in the Canary Islands. The facility, operated by one of Spain's biggest shipbuilding and ship repair groups…
ECDIS Related Detentions on the Rise
ClassNK has been informed by Australian Maritime Safety Authority (AMSA) that during PSC inspections it has been increasingly reported that vessels have been detained…
Silver Ships Delivers Fire/Rescue Boat
Silver Ships, Inc. has recently delivered a 34-foot custom designed and purpose-built all-welded aluminum fire/rescue boat to the Islip Fire District on Long Island, N.Y.
MSC-Peel Ports Partner on Liverpool2 Trials
Marine-based commissioning work is now underway at Liverpool2, with Mediterranean Shipping Company (MSC) committing vessel support to Peel Ports to help make the trial a success.
The Odd Trio: HMM, Maersk and MSC
In one of the more bizarre twists in the container shipping market it emerged last week that financially troubled carrier South Korean Hyundai Merchant Marine (HMM)…
Diana Shipping Enters Contract with SwissMarine
Diana Shipping Inc., through a separate wholly-owned subsidiary, has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Ice Class Panamax dry bulk vessels…
CMA CGM Crosses 90% Ownership Threshold in NOL
Container shipper CMA CGM S.A. has crossed the 90 percent ownership threshold in Neptune Orient Lines Limited (NOL), enabling it to bring the Singapore company private.
Navig8 Chemical Adds New Tanker from Kitanihon
Chemical shipping company Navig8 Chemical Tankers Inc. has taken delivery of its first stainless steel chemical tanker, the Navig8 Sirius, from Japanese shipbuilder Kitanihon Shipbuilding Co. Ltd.
Freightgate Announces SOLAS VGM Compliance Solution
Freightgate Inc announced an easy to use, integrated (SSO enabled) solution for International Shippers around the world to comply with the new IMO Requirement to certify VGM (Verified Gross Mass).
