EMGS Vessel Utilisation Stands at 32% in 4Q
Norwegian geophysical services company Electromagnetic Geoservices ASA (EMGS) said that its vessel utilisation for the fourth quarter 2018 was 32% compared with…
BAE Systems to Modernise USS Shoup
BAE Systems has received a $78.8 million contract for the maintenance and modernisation of the US Navy’s Arleigh Burke-class guided-missile destroyer, USS Shoup.The…
Taiwan: Jong Shyn Shipbuilding Bags CGA Ship Order
The construction of a 600-tonne Coast Guard Administration (CGA) patrol ship by the Taiwan-based shipbuilding company Jong Shyn Shipbuilding Corporation (JSSC)…
Global Shipbuilding Market to Grow 2% by 2023
Analysts forecast the global shipbuilding market to grow at a CAGR of over 2% during the 2019-2023 period.According to Technavio analysts, one of the key factors…
Austalia, Iran Sign Shipbuilding Pact
The Australian government decided to increase cooperation with Tehran in marine industries and shipbuilding irrespective of the US sanctions, reports Mehr News Agency…
South Korean Shipbuilding No.1 Again
South Korea’s shipbuilding industry reclaimed the title of world’s biggest shipbuilder (in terms of orders volume) in 2018 for the first time in six years, since…
Astrocast Launches IoT into Space
Swiss satellite startup Astrocast announced the launch of 3 new pilots of its Low Earth Orbit Nanosatellite Network. The pilots with Actia, Marine Instruments, and…
DHT Holdings Moves co-CEOs from Oslo to Singapore
VLCC owner DHT Holdings announced that its Co-CEOs have relocated to Singapore. The relocation follows changes in the tax law in Norway from 2019 for tax residency…
Paris and Tokyo MoUs Warn on Sulfur Cap Compliance
The Maritime Authorities of the Paris and the Tokyo Memoranda of Understanding (MoU) on Port State Control will start issuing a letter of warning from 1 January…
Moody's Says Global Oil and Gas Heads into 2019 on Steady Footing
The global Oil and natural gas prices will be volatile, but also range-bound in 2019, Moody's Investors Service says in its annual report outlining key credit themes…
8.5% Growth Expected for LNG Bunkering Market by 2026
The global LNG as a bunker fuel market was valued around US$ 550 million in 2017, and is expected to register a CAGR of over 8.5%.The first five-year cumulative…
India to Build 50 MW LNG Power Project in Andaman
Indian Prime Minister Narendra Modi laid the foundation stone of the 50 Mega Watt liquefied natural gas (LNG) based power project in south Andaman. The will take…
MSC Pledges to Find All Containers Lost in North Sea
Switzerland-based shipping company MSC is pledging to pay the cost of cleaning up hundreds of containers MSC Zoe spill in a North Sea storm."MSC Mediterranean Shipping…
