Saudi Aramco, Total in USD1bln Pact
Saudi Aramco and Total hasve signed a joint venture agreement to develop a network of fuel and retail services in Saudi Arabia.The 50:50 JV plans to invest around…
Cruise Industry Provides 12.5K Jobs in Baltic
The cruise industry in the Baltic Sea does more than provide rest and unique excursions for thousands of cruise guests, it also supports over 12,500 jobs in the region…
Noble Buys New Jack-up from PaxOcean
London-based offshore drilling contractor Noble Corporation has bought a second newbuild Gusto MSC CJ46 design jack-up rig from the Singapore shipyard PaxOcean Group for $83.75 million.
Chevron in LNG Supply Deal with GS Caltex
American multinational energy corporation Chevron signed a new sales and purchase agreement with South Korean oil refiner GS Caltex Corporation for the delivery…
Udenna Backs-out from EMAS Rescue
Philippine's Udenna Corporation has broken off negotiations over a potential investment of $73 million in struggling Singapore-based offshore vessel company Emas…
ICTSI Expands Batumi Container Terminal
Philippines-based port operator International Container Terminal Services, Inc. (ICTSI) has inaugurated the newly-expanded Batumi International Container Terminal…
GasLog: LNG Demand Grew 9% in 2018
Liquefied natural gas (LNG) is expected to have increased by 9%, from 288 million tonnes per annum (mtpa) in 2017 to 313 mtpa in 2018, said GasLog.The Monaco-based owner…
India, China to Lead Rapid Growth in Energy
The major chunk of global energy supply growth is expected to come from renewables and natural gas over the next two decades, but steep investment in oil exploration…
Rotterdam Port Achieves TEU Milestone in 2018
Europe's largest port, the Port of Rotterdam ended 2018 with a total container throughput at 469.0 million tonnes (MT) which slightly higher than in 2017, which…
Drewry Sees Balanced Supply-Demand in ULCVs
Maritime research consultancy Drewry believes that the industry’s supply-demand balance will benefit from a reduced appetite for Ultra Large Container Vessels (ULCVs) among the major carriers…
King Abdullah Port Inaugurated
Saudi Crown Prince, Deputy Premier and Defence Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud inaugurated the King Abdullah Port in Rabigh.The Saudi Arabia’s…
Inmarsat in IoT Start-Up Initiative
The provider of global mobile satellite communications Inmarsat has joined forces with two start-up programmes including Rainmaking’s Trade and Transport Impact…
Aviara Intros 32-foot Luxury Boat
Tennessee-based Aviara Boats delivered a new luxury recreational day boat experience with today’s debut of its first model, the AV32, at the Miami International…
European Ports Hail EMSWe
The European Sea Ports Organisation (ESPO) welcomes the agreement reached on 7 February between the Parliament and the Council on the new regulation establishing…
BV: Phase 2 of My Fuel Consumption
Bureau Veritas released ‘Phase 2’ of My Fuel Consumption (MFC), the online tool to facilitate compliance with fuel consumption regulations – both IMO’s data collection system (DCS) and the EU’s monitoring, reporting and verification (MRV) requirements.Available to the owners and managers of both Bureau Veritas and non-Bureau Veritas classed ships, My Fuel Consumption is a secure cloud based web application available on desktop, mobile and tablet.
French Minister says Government Backs Fincantieri's Deal
The French government is in favour of Italian shipbuilder Fincantieri's acquisition of rival Chantiers de l'Atlantique, foreign minister Jean-Yves Le Drian told…
VTB Tightens Grip on Black Sea Grain Export Hub
Russia's second-biggest bank VTB is buying one of the biggest grain terminals at the Black Sea port of Novorossiisk, in a surprise move that gives the state lender more control over the country's main deep-sea grain export hub.VTB, which already owns a stake in another grain terminal at the port, said on Thursday that it was buying 100 percent of Novorossiysk Grain Terminal from Novorossiysk Commercial Sea Port (NSCP).Its deal to buy the terminal from NSCP…
eGlobe G2+: Meet the First 4K ECDIS
ChartWorld launched its next generation eGlobe G2+ ECDIS, reported by the company to be the world's first 4K ECDIS..“ENCs and ECDIS, like paper charts before them, are at the heart of modern navigation," said Steven Schootbrugge CEO, ChartWorld, in a press release on the product. "One of the great advantages of digital navigation is our ability to navigate more accurately and update charts quickly as more detailed…
Fincantieri Celebrates Cruise Ship Trio
At Fincantieri's Monfalcone shipyard, Fincantieri and Princess Cruises celebrated three construction milestones of three “Royal” class ships.The festivities started with the traditional steel cutting for the sixth and last Royal-class ship, still unnamed, from the shipyard of Castellammare di Stabia (Naples). The section, once completed, will be transported by sea to the yard in Monfalcone, where the ship will be completed in 2022.Later in the day…
Scania Powers New Twin City Liner Ferry
Twin City Liner is a 39m low wash, high-speed catamaran ferry for operation by Twin City Liner on the Danube River between Vienna and Bratislava. The vessel was built by Wight Shipyard, with local support from Incat Crowther Europe.Operating on the Danube takes many interesting design specifications, and to this end the ferry features a low draft of 0.8m, minimal wake / wash, low air draft and a hull form designed for restricted waters where high current and debris are encountered.
