Indian LNG Import Tax Halved
India, the worldās fourth-largest buyer of liquefied natural gas (LNG), has announced plans to halve its basic customs duty on imports of the chilled fuel. Indianā¦
Excelerate to Develop Second FSRU for Port Qasim
Excelerate Energy will deliver its second floating storage and regasification unit (FSRU) to Pakistan following negotiations with a consortium comprising Engro, Fatima, and Shell.
Evergreen May Turn Around
Evergreen Marine Corp, which has been battered by falling freight rates due to a prolonged supply glut, may swing into profit this year as market conditions improve in the global shipping industryā¦
Reach Subsea Enters Survey Deal for Edda Fonn
Norwegian owner of offshore inspection vessels Reach Subsea has secured a contract for its Edda Fonn vessel. According to Reach Subsea, the contract is for an ROV/surveyā¦
HMAS Darwin - the First Lady of the Fleet
HMAS Darwin has been recognised as the Navyās most senior commissioned ship, with the presentation of a newly created perpetual trophy, the First Lady of the Fleet.
Vessel Oversupply to Continue in Chemical Shipping
Chemical shipping vessel supply on major routes has been in surplus with many newbuilding deliveries and swing tankers flooding the market. As a result, freightā¦
Indian Ports to Go Green
The Indian Ministry of Shipping, as a part of its āGreen Port Initiativeā has been emphasizing on use of renewable sources of energy to power Major Ports across the nation.
Teekay, GTT Extend Technical Service Agreement
The shipowner Teekay and GTT have recently signed a Technical Service Agreement (TSA) extended with new advisory services. This agreement applies to 23 vessels equippedā¦
Dragflow Cutterhead for Harbor Dredging
Dragflow has delivered a dredging hydraulic pump with frontal cutterhead to an Iranian company for the construction of a fishery port near Jask area in the Persian Gulf, South of Iran. Before finding in Dragflow equipment the best solution, they were dredging mechanically with a long boom excavator on a barge. As the operation were too slow, they decided to switch to the hydraulic dredging by connecting Dragflow HY85/160HC equipped with DTM85 cutterhead on the CAT345 boom.
New Land-based Solution for Vessel Traffic Monitoring
According to marine navigation software firm Nobeltec, part of FURUNO Group, its new TZ Coastal Monitoring ready-made packages provide the advantages of a standard system that covers most business requirements at a fraction of what it would cost to have such a system custom-developed. The solution allows users to monitoring and identify vessels and other navigational objects, optimize port infrastructure utilizationā¦
Swiss Group MSC Acquires Hanjin's Stake in U.S. Ports Operator
A unit of Swiss shipping group MSC has bought a stake in U.S. ports operator Total Terminals International (TTI) from Hanjin, MSC said on Wednesday, having overcomeā¦
Schottel's Strahberger: One Year at the Helm
Schottel, a ubiquitous German-based maritime propulsion company, is firing on all cylinders and preparing now for the inevitable maritime market upturn. As Schottelās new Managing Director, Dr. Christian Strahberger, closes in on his first year at the helm, he discusses the strategy with Maritime Reporter & Engineering News. While the maritime industry endures an overall downturn, quality, long-term companies see opportunity amidst the challengeā¦
Roxtec Services AB Approved by Lloydās Register
Roxtec Services AB has been audited by the classification society Lloydās Register and has received an official approval for inspection and maintenance services of cable and pipe transits. This approval sets new standards for long-term safety at sea. Roxtec Services AB is part of cable and pipe sealing solution provider Roxtec Group. The company offers services for the marine and offshore industriesā¦
Baleària Orders Two Dual Fuel Ferries
Spanish shipping line Baleària said it has reached an agreement with the Italian shipyard Cantiere Navale Visentini to build two dual-fuel sister ferries, measuring 186.5 meters in length and a capacity for 810 people, 2,180 linear meters of cargo and 150 cars. The total investment in these vessels is some 200 million euros (approximately $215 million USD); they are expected to be operational by the end of 2018.
Kapellskär Port adds two quay-berths
An important milestone has been reached at the Port of Kapellskär, now that all five quay-berths are in operation at this state-of-the-art port. The Port of Kapellskärā¦
Total, CMA CGM Prepare for New Environmental Regulations
Total, the worldās fourth-ranked international oil and gas company, and CMA CGM, a leading worldwide shipping group, have signed a three-year memorandum of understanding.
Finalists of Mersey Maritime Industry Awards Announced
The finalists of the 2017 Mersey Maritime Industry Awards (MMIAs) have been announced. The winners will be revealed at a prestigious black tie dinner that will haveā¦
Caterpillar mulls Global Headquarters in Chicago
Caterpillar Inc. announced today it will locate a limited group of senior executives and support functions in the Chicago area later this year and reaffirmed theā¦
VTS system for Port Hedland
Pilbara Ports Authority has awarded a contract to Australian Maritime Systems Pty Ltd to design and install a Vessel Traffic Services (VTS) system in a new stateā¦
