SAFEEN, ADNOC Pact for Oil Spill Emergency Response
Abu Dhabi Ports announced the signing of a Memorandum of Understanding (MOU) between its subsidiary, SAFEEN, a provider of world-class integrated marine and port services for Abu Dhabi Ports…
Dubai Marine Transit Ferry 7 Million Riders in 1H 2018
Roads and Transport Authority (RTA) revealed that the total ridership of marine transit modes in Dubai has clocked 7,182,435 riders during the first half of this year.
Bangabandhu Satellite to Link 39,000 Ships at Sea
Bangladesh Communication Satellite Company Limited (BCSCL) has signed a memorandum of understanding (MoU) with the shipping ministry so that Bangabandhu-1 satellite…
Equinor Acquires Energy Trader Danske Commodities
Norwegian oil and gas major Equinor, formerly Statoil, is acquiring the Danish energy trading company, Danske Commodities for EUR 400 million (USD 470 mln). "Equinor…
Wallenius Wilhelmsen Acquires Syngin Technology
Wallenius Wilhelmsen, the global finished vehicle logistics provider, has signed an agreement to acquire 70% of the membership interest in Syngin Technology for…
Cosco Shipping Gets US 'Go-Ahead' for OOCL Deal
China’s Cosco Shipping Holdings Co received the clearance of a U.S. national-security review body, removing a major overhang of the USD 6.3 billion deal of taking…
Aegean Brings in Mercuria Energy
Listed bunker company Aegean Marine Petroleum has entered a memorandum of understanding with Mercuria Energy Group for a billion dollar refinancing and strategic partnership…
MISC Bags USD 441mln 16-year Charter Contract from Hess
Malayasia-based MISC Berhad has secured a long-term charter contract from Hess Exploration and Production Malaysia for the lease of a floating, storage and offloading…
IBIA Promotes Sensible Approach to Sulphur Testing
International Bunker Industry Association (IBIA) is continuing its efforts for IMO to adopt guidelines ahead of 2020 that will promote a uniform approach to fuel…
Aker BP Hires Prosafe Vessel
Prosafe has signed a contract with Aker BP ASA for the Safe Scandinavia to provide accommodation support at the Ula platform in the Norwegian sector of the North Sea.
"Vladimir Rusanov" Completes First Eastern Transit
Mitsui O.S.K. Lines (MOL) announced that the Ice-Breaking LNG Carrier "Vladimir Rusanov", which is jointly owned by MOL and China COSCO Shipping Corporation, has…
Star Bulk Carriers Completes Acquisition of 15 Dry Bulkers from Songa Bulk
Global shipping company Star Bulk Carriers, announced that it has closed the previously announced acquisition of fifteen operating dry bulk vessels from Songa…
ASEAN Members Strengthen Oil Spill Preparedness
Oil spill contingency planning is in the spotlight at an IMO regional workshop in Pulau Indah, Malaysia (2-6 July). The workshop is helping countries (ASEAN Member States: Cambodia…
THE Alliance Updates Asia-North America West Coast Service
Members of THE Alliance, Hapag-Lloyd, Ocean Network Express, and Yang Ming have announced a services update regarding their Trans Pacific - West Coast products in…
Monitoring and Enforcement of Ballast Water Convention
Identifying organisms and microbes in ballast water, as well as monitoring port marine life where ballast water may be released, are key for countries preparing…
Total Acquires Direct Energie
Total and Direct Energie announce the completion of the acquisition today by Total of 73.04% of the share capital of Direct Energie, for 42 euros per share, representing…
IMO’s Maritime Security Work Presented at Nigeria Law Conference
International Maritime Organization (IMO)'s mandate on piracy and armed robbery against ships broader maritime security measures has been presented at the International…
Cavotec Tech for China's Cruise Sector
As Chinese ports, shipping lines and authorities strive to reduce emissions from shipping, Cavotec's shore power technologies are helping achieve this goal.Cavotec engineers recently commissioned a self-propelled, battery-powered shore power solution, Cavortec AMPMobile, at the Taiiwan cruise terminal at the Chinese Port of Shenzhen. The unit’s batteries are charged while it connects vessels to the grid.
Sinovel Fined for AMSC Trade Secret Theft
A U.S. judge ordered Sinovel Wind Group Co Ltd, a Chinese wind turbine maker, to pay a $1.5 million fine after the company was convicted and charged for stealing trade secrets from Massachusetts-based AMSC. U.S. District Judge James Peterson in Madison, Wisconsin, also sentenced Sinovel to one year of probation, during which it must pay the unpaid balance of a $57.5 million settlement it reached with AMSC. The U.S.
U.S.-China Trade Battle Heats Up
Dueling tariffs raise fears of long A U.S.-China trade fight resulting in duties on $34 billion worth of each other's imports was seen dragging on for a potentially prolonged period, as Washington and Beijing flexed their muscles with no sign of negotiations to ease tensions.Friday marked the start of the U.S. duties that were promptly met with retribution by China, as Beijing accused the United States…
