Cosco Shipping Buys 60% Stake Peru's Chancay Terminal
Global ports operator Cosco Shipping Ports acquiring 60% stake in Terminales Portuarios Chancay (Chancay Terminal) from Volcan Compañía Minera for a total consideration of US$225million.Zhang Wei…
GAC Forwarding & Shipping Renamed GAC Shanghai
GAC Forwarding & Shipping (Shanghai) has changed its name to GAC (Shanghai) after more than a decade since its establishment, said a press release.Managing Director…
UK Launches Maritime 2050 Strategy
Britain’s marine industry launched of Maritime 2050, the UK Government’s first ever long-term strategy to support and grow the sector.Described as both visionary and aspirational…
Survitec Receives DNV GL Certification
British manufacturer of marine safety and survival equipments Survitec has received DNV GL Z-17 certification as a class-approved service provider for all DNV-GL…
No Lost Time Incidents during 2017 and 2018: ABS
ABS has recorded zero lost time work-related incidents for the second year in a row. The Lost Time Incident Rate (LTIR) has remained at 0.00 throughout 2017 and 2018…
Navios Maritime Containers Adds to Fleet
Monaco-based seaborne shipping company Navios Maritime Containers has acquired a 2011-built containership from an unrelated party for USD 52.5 million.The containership…
GAC Pushes Further into Arctic
GAC Norway opens new Arctic Circle branch at Tromsø in response to growing demand, said the company.Sitting 300km north of the Arctic Circle, Tromsø is the largest…
DAVOS: Oil Majors Huddle in DAVOS to Mull Future
When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics - climate change and pressure from investors.The conclusion of the discussions was worrying for those present - pressure is rising and the industry is losing a battle not to be seen as one of the world's biggest evils.The answer?
O’Brien Joins Vigor as EVP
Vigor has announced the addition of Jackie O’Brien to Vigor’s leadership team. As EVP of Strategy and Business Development, O’Brien will report directly to the CEO and play a key role in driving the development and execution of Vigor’s growth strategy as a leading industrial company. She will oversee business development for all Vigor business units including defense, aerospace, infrastructure, alternative…
Svitzer Appoints Jeeninga, McKeating as Cluster Managers
Svitzer, aprovider of harbor and terminal towage to the global shipping industry, has recently appointed Fred Jeeninga as Cluster Managing Director, Continental Europe (Netherlands, Belgium, Georgia) and Maurice McKeating as Cluster Managing Director, UK South.Fred Jeeninga holds nearly 20 years of experience from the marine service industry. His work has taken him to Russia, Germany, Denmark, Brazil, and the Caribbean.
Ship Repair: Fincantieri Bay Shipbuilding Delivers Major Conversion
Fincantieri Bay Shipbuilding has delivered the newly-converted barge Commander to Port City Marine Services (PCMS) of Muskegon, Michigan. The Commander is a 495 x 72-ft. freight barge that underwent extensive conversion, including the installation of new cargo holds, trunk deck and bow, and a new cargo unloading system. Combined with its tug, the vessel operates as an Articulated Tug Barge unit.Port City Marine Services is experienced in the management…
USCG Searches for Overboard Cruise Crew Member
The Coast Guard is searching Thursday for an overboard crewmember from the Royal Caribbean Majesty of the Seas cruise ship 37 miles east of Hillsboro Inlet.Watchstanders at Coast Guard Sector Miami re
IRClass Wins Two Indian Navy Contracts
The Indian Register of Shipping (IRClass) has secured a contract for the provision of classification services for four large survey vessels for the Indian Navy. These 110 meter vessels, which will be constructed by the Garden Reach Shipbuilders and Engineers Ltd., Kolkata, are the largest hydrographic survey vessels ever constructed for the Indian Navy.IRClass has also been awarded the classification services for two diving support vessels by Hindustan Shipyard Ltd.…
Shipbuilding: Damen TSHD for Portuguese Dredging Company
Recently the Jose Duarte started its first mining job in Lisbon. The trailing suction hopper dredger has been built in Portugal for a Portuguese dredging company, to a Spanish design and using Dutch dredging equipment. The European cooperation has resulted in a customized dredger performing above expectations on her first job.Portugal has a long coastline and a number of busy navigable rivers – an excellent backdrop for the dredging company Inersel.
Magellan: Freeport, Texas Possible Spots for Deepwater Terminal
Magellan Midstream Partners LP is considering Freeport, Texas and other locations along the U.S. Gulf Coast for a crude export terminal it had previously planned for a harbor island off the south Texas city of Corpus Christi, an executive said on Thursday.Magellan is still considering Corpus Christi as the spot for the terminal, Magellan senior vice president Mark Roles said during a panel at the Argus Americas Crude Summit in downtown Houston.
Roxtec Fire Lab Opens
Roxtec reports that it has more than doubled its fire resistance testing capacity, opening in Sweden a new laboratory that creates conditions for continuous development of safety products.The fire lab is located at the Roxtec headquarters in Karlskrona, Sweden, and it will play a key role in the product development and pre-certification process for the sealing solutions. With the lab Roxtec engineers and technicians can prepare tests with exactness.
Libyan Oil Ports Es Sider, Brega Closed, Production Unaffected -NOC
The eastern Libyan oil ports of Es Sider and Brega have been closed due to bad weather but crude production has not been affected, an official from state oil firm…
Tankers: Euronav Signals Strong Start to 2019
Belgian crude oil shipper Euronav NV said on Thursday it saw the return of a strong freight rate market during the fourth quarter, signalling a strong start to 2019.The company's core earnings (EBITDA) rose by 16.5 percent to $102.3 million in the last quarter of 2018."VLCC (very large crude carriers) freight rates trading at rates not seen in the last two years demonstrate an already tight balance between tanker demand and supply…
Obituary: Axel Kettmann, VP, CIMAC
CIMAC’s Vice President Axel Kettmann died on Monday at the age of 62 after a serious illness. The association has lost a companion who was extremely committed to the interests of the industry for many years, advancing many important topics.Axel Kettmann, Senior Vice President of ABB Turbo Systems in Baden for many years, always had a pragmatic view of what was feasible, without losing sight of the vision of innovative and clean energy generation.
TOP 5 Yachts of 2018
While the task to name only five 'Top' yachts of the year, Maritime Reporter & Engineering News' Lisa Overing gives it her best shot in the January 2019 edition.M/Y TIS: “Size Matters”The age-old question of whether or not size matters is typically directed at men. However, since a ship is called she, Maritime Reporter’s top spot for greatest yacht of 2018 is the class of 2018’s largest launch, M/Y TIS…
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