Aegean Marine Shares Soar as Mercuria Provides $1 bln Lifeline
Energy trader Mercuria Group has agreed to provide a $1 billion trade finance facility to Greece's Aegean Marine Petroleum Network, the marine fuel logistics and supplies company said on Thursday, sen
Reacting to Iranian Threat, U.S. Navy Says Will Protect Free Flow of Commerce
The U.S. Navy stands ready to ensure freedom of navigation and free flow of commerce, a spokesman for the U.S. military's Central Command said on Thursday, after…
Radio Holland Books Six-Ship Order From Royal Bodewes
Radio Holland Netherlands has received an order for a full Nav/Com package for six vessels being built at Royal Bodewes in Hoogezand, highlighting longstanding relationships, both with Royal Bodewes and manufacturer Furuno. The FURUNO FAR-22x8/23x8 series is characterised by its state-of-the-art antenna design and innovative signal processing techniques. Radio Holland will install the new FAR radar, together with 26” screens, on all six of the new vessels, which are being built at Royal Bodewes.
MHI Holds Ceremony for Taiheiyo Ferry
Mitsubishi Shipbuilding Co., Ltd., a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, held a christening and launch ceremony yesterday for Taiheiyo Ferry Co., Ltd's "Kitakami". The vessel will replace the old Kitakami, one of three large ferries providing regular service between the ports of Nagoya, Sendai, and Tomakomai (Hokkaido). By eliminating the large shared cabin,…
Damen's Danish Electric Public Transport Project Kicks Off
Damen Shipyards Group recently signed a contract with leading multinational public transport company Arriva Danmark for five fully-electric ferries, known as the Damen Ferry 2306 E3. Damen E3 vessels are designed with the philosophy of being environmentally friendly, efficient in operation and economically viable. Arriva will operate the ferries for its client, Danish public transport agency MOVIA, in the country’s capital city Copenhagen.
MS EUROPA 2 Meets Breakdancing
Guests on board the luxury ship EUROPA 2 will to be enchanted by a unique performance that blends breakdancing and classical music. The internationally renowned “Flying Steps” dance group will make their EUROPA 2 debut in July, and will perform their dynamic “Flying Bach” show on a cruise that started yesterday in Monte Carlo, cruising the Mediterranean Sea to Palma de Mallorca. Under the artistic direction of Vartan Bassil…
Baltic Index Hits Near 7-month High on Rising Capesize Demand
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for the sixth straight session on Thursday due to higher demand for capesize vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 45 points, or 2.872 percent, to 1,612 points, the highest since Dec. 15.* The capesize index gained 270 points, or 9.843 percent, to 3,013 points, a peak since Dec.
A 33% Rise in SENER’s EBITDA
In order to reflect the most important facts as regards projects, social initiatives and economic results from 2017, SENER has published its Annual Report for the ninth consecutive year, a bilingual (Spanish-English) document with the slogan “The drive to move forward” which also strengthens its commitment to transparency and responsible communication. One of the most important milestones was, after obtaining full authorization…
Niron Staal Fabricates Two Stan Launch 804s for Damen
Niron Staal, the specialist steel machining and construction company within the Damen Shipyards Group, has once again demonstrated its ability to successfully execute one-off projects to the highest standards. This time its client was fellow Damen company Damen Maaskant Shipyards Stellendam (Maaskant) and the contract was for the hulls and superstructures of two Damen Stan Launches 804. While Niron…
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