UK's PD Ports Rolls-out Second Teesport Rail Link to Scotland
Middlesbrough, UK headquartered PD Ports has launched a second rail service connecting Teesport direct with Scotland opening up further opportunities to connect…
India, Bangladesh to Improve Inland Water Transportation
India and Bangladesh discussed various issues pertaining to the protocol arrangements and improvement of inland water transportation between the two countries in…
South Africa to Host Damen’s First Fishing Seminar
Damen Shipyards will hold its first Fishing Seminar in Cape Town, South Africa on 22 November in recognition of this important industry. To be held at Damen Shipyards Cape Town…
Modest Tree to Provide Virtual Reality Training for MAN
MAN Energy Solutions has selected Nova Scotia-based simulation and training software developer, Modest Tree, to develop a virtual reality training solution for the…
Oil and Gas Demand to Peak in 2023 and 2034: DNV GL
The oil and gas demand will peak in 2023 and 2034, respectively, according to DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050However…
Ship Financiers Toughen Stance on CO2 Emissions
Leading shipping finance banks have joined industry players in support of faster action to cut carbon emissions by the sector.In April, the United Nations shipping agency reached an agreement to reduce CO2 emissions by at least 50 percent by 2050 compared with 2008 levels, which fell short of more ambitious targets.The UN's International Maritime Organization (IMO) is meeting in London this week to work on an initial strategy on cutting greenhouse gas emissions.In the meantime…
MOL Chooses NAPA for 80 of Its Time-Chartered Bulk Carriers
NAPA, a leading maritime software, services and data analysis provider has announced that it has signed an agreement with MOL (Mitsui O.S.K. Lines Ltd.) to provide performance analysis and reporting for 80 of MOL’s time-chartered bulk carriers with NAPA Fleet Intelligence.NAPA Fleet Intelligence combines NAPA’s naval architectural expertise and proprietary data modelling with open source data and MOL’s…
Weilbach Enable Secure Navigation Data for Navy Vessels
Protecting navigation data from digital attacks is vital in the military marine segment when conducting navy operations. To provide navy vessels with secure and reliable navigation data, Danish supplier of nautical charts Weilbach has developed their digital solutions to offer a complete service.“When navigation software integrations come from different suppliers, the risk of hacking, cyber-attacks and errors can increase.
IRClass Boost Presence in Middle East & Africa
Indian Register of Shipping (IRClass), a leading international classification society, plans to further expand its operations into the Middle East and Africa (MEA) region with new offices in Saudi Arabia, Qatar, Egypt, Lebanon and Nigeria.The expansion plan underlines its commitment towards the growing number of customers from this region and enhances the classification society’s proximity to flag administrations…
Baltic Index Falls 2% on Lower Rates for Panamax Vessels
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped 2 percent on Wednesday on weaker rates for panamax and supramax vessel segments.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 31 points, or 2 percent, to 1,546 points.* The index registered its biggest daily percentage decline in six-weeks.* The panamax index slipped 46 points…
Ship Deliveries, Contracts Drive GD's Q3 Spike
While General Dynamics (GD) is diverse, several significant shipbuilding projects helped to drive Q3 2018 earnings up 13.1% GD reported third-quarter 2018 earnings…
Peel Ports Signs 12-year Deal with Asco
Peel Ports and offshore services firm ASCO have joined forces in a long-term strategic partnership aimed at supporting the energy sector in Great Yarmouth and promoting…
Blackstone Energy Partners Acquires Ulterra Drilling Technologies
Blackstone Energy Partners announced today that it has entered into binding agreements to acquire a controlling, majority interest in Ulterra Drilling Technologies…
IEA Calls for Enhancing Global Natural Gas Security
The evolution of the global natural gas market, which has been driven by the growth in liquefied natural gas (LNG) demand, continues to change the relationship between buyers and sellers…
Blue Water Energy Partners with Apex International Energy
Apex International Energy announced that affiliates of Blue Water Energy (BWE) have agreed to partner with Apex and join the existing investors: Warburg Pincus LLC…
Petrofac Consortium Awarded USD 4bn Project in Thailand
Petrofac, the international oil and gas services provider, leading a consortium with Saipem and Samsung Engineering, has received an award notification for Thai…
FERC Green Signal for Calcasieu Pass LNG
Venture Global LNG announced that the U.S. Federal Energy Regulatory Commission (FERC) has issued the final Environmental Impact Statement (EIS) for the company’s…
French, Italian Pact on Naval Co-operation Venture
The French and Italian governments announced their intention to facilitate the creation of a more efficient and competitive European shipbuilding industry and to…
Richard Branson Resigns as Chairman of Virgin Hyperloop
Sir Richard Branson has stepped down from his role as chairman of Virgin Hyperloop One, saying the company "needs a more hands-on chairman."DP World statement said…
Eagle Bulk Shipping Adds Hamburg Eagle to its Fleet
The owner-operator in the Supramax/Ultramax segment Eagle Bulk Shipping announced that it has taken delivery of its newly acquired vessel, the M/V Hamburg Eagle…
