Concordia, Damen Partner to Build Inland Vessels
Concordia Group and Damen Shipyards Group have signed a joint venture agreement to cooperate in the construction and trade of inland waterway vessels. The joint venture will operate under the name Concordia Damen Shipbuilding. Concordia has been active in the Dutch inland waterways business since 2001 and also internationally over the past decade. Concordia’s corporate identity will remain within the new joint venture.
Perez Joins Hepburn and Sons
Hepburn and Sons has hired Rear Admiral Sam Perez as Chief, Advisory Services. Rear Admiral, a graduate of the U.S. Naval Academy, earned his Masters of Art degree…
Gold Rush: A $194B Gold Salvage Operation
During World War I and World War II there were an estimated 7,500 merchant ships were sunk, 700 of which were carrying shipments of gold under U.K. Government direction, leaving an estimatd $194 billion in gold lying underwater. Britannia’s Gold Ltd. was created finance the recovery of targeted cargoes and return them to the UK for the benefit of the government, investors and merchant marine charities…
KNOT Offshore Acquires Brasil Knutsen
KNOT Offshore Partners LP announced that its wholly owned subsidiary, KNOT Shuttle Tankers AS, has acquired all of the ownership interests in KNOT Shuttle Tankers 32 AS…
Rosneft, PDVSA Sign New Oil and Gas Agreements
President of the Republic, Nicolás Maduro, held a meeting with CEO of Rosneft, Igor Sechin, to bolster the joint work between Venezuela and Russia and sign new agreements…
CMA CGM Launches Serenity
French shipping line CMA CGM Group has launched "SERENITY by CMA CGM", an innovative offering to deal with unforeseen events during freight transport. This new offering…
Sete Brasil Arbitration Favors Petrobras
Petróleo Brasileiro SA informs that an arbitration award favorable to the company has rejected a request made by an investor of Sete Brasil Participações SA - in judicial reorganization.
Algoma Adds Algoma Innovator
Algoma Central Corporation, a leading provider of marine transportation services, today announced that it has taken ownership of the Algoma Innovator from the Uljanik d.d. shipyard in Croatia.
SSY Acquires Bidsted & Co
British-based ship broker Simpson Spence Young (SSY) has acquired Danish dry bulk broker Bidsted & Co. Bidsted & Co, which was founded in 1940, is one of the last…
DOF Sells Skandi Marstein
Norwegian supply shipping company DOF sold and delivered the 1996 built platform supply vessel (PSV) "Skandi Marstein" to a new owner. The sale will not have any…
SC Ports Handles Container Volume Growth
South Carolina Ports Authority’s 2018 fiscal year container volume through November grew 2.5 percent compared to last year, with 886,414 twenty-foot equivalent container…
NIMASA for Blue Economy Framework in Africa
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that in order to harness the opportunities…
Miriam Maes New Chairman of Rotterdam Port
Miriam Maes has been appointed Chair of the Supervisory Board of the Port of Rotterdam Authority, in accordance with a decision made by the supervisory directors.
SM Line Selects Intellian VSAT Antennas for its Fleet
The provider of maritime satellite antenna systems Intellianhas announced that its v100 maritime VSAT antenna has been chosen by SM Lines to power its ships’ data and communications…
Clipper Fleet, Dania Ship Announce Partnership
Dania Ship Management has announced plans to extend ship management capabilities to include dry cargo in a partnership agreement with Clipper Fleet Management, part of the Clipper Group.
Skuld Bottom-line Up 68.7%
Marine insurer Skuld ended the first nine months of the 2017/18 reporting year (as at 20 November) with a positive bottom-line result of USD 27 million (up 68.7%…
S&P Revises Hapag-Lloyd’s Rating Outlook to Stable
Corporate Credit Rating agency Standard & Poor's has affirmed at B+. The rating agency acknowledges debt prepayments and cost synergies and expects adequate liquidity in 2018.
MacGregor to Split Smart Ocean Technology Division
MacGregor, part of Cargotec, said it will reorganize its offshore and merchant shipping operations as part of a plan aiming to achieve €13 million in annual cost savings.
DNV GL: First Class Guideline for Additive Manufacturing
DNV GL has published the first classification guideline for the use of additive manufacturing (AM) in the maritime and oil amid gas industries. The guideline is designed to help manufacturers and sub-suppliers of materials, parts and components, service suppliers and end users adopting AM technologies, by ensuring that the parts or components created by an AM process and the materials from which they are created have the same level of quality assurance as traditionally manufactured products.
Cruise Sector on Track for Growth in 2018 -CLIA
The cruise industry is expected to stay on course for further growth in 2018, according to the latest State of the Cruise Industry Outlook report from trade association Cruise Lines International Association (CLIA). “It is without question that the cruise industry continues on a growth trajectory, gaining in consumer interest and creating a positive impact on the global economy,” said Cindy D’Aoust, president and CEO, CLIA.
