MISC Group Q1 Financial Results
MISC has announced its financial results for the financial period ended March 31, 2019.Financial Highlights:Group revenue for the quarter ended March 31, 2019 was higher than the corresponding quarter ended March 31, 2018.Group profit before tax for the quarter ended March 31, 2019 was higher than the corresponding quarter ended March 31, 2018.Group Revenue, Operating Profit and Profit Before Tax for the Quarter Ended March 31…
Cape Town to Employ Helo Pilotage Transfers
Transnet National Ports Authority (TNPA) has taken the decision to introduce a helicopter service at its Port of Cape Town to transfer marine pilots onto and off visiting vessels. This would make the port one of three within the South African port landlord’s complementary port system that offer the service, the others being Durban and Richards Bay.TNPA expects to commission the helicopter in Cape Town in 2021…
Trade Tension Hurts Shipping, Maersk Warns
A.P. Moller-Maersk, the world's largest container shipping company, warned on Friday that trade tensions and an economic slowdown are slowing growth in global freight.Maersk, which is seen as an indicator of global trade patterns, cut its forecast for global growth in container traffic this year due to the trade dispute between the United States and China."The recent escalation of the trade war induced…
Acta Marine Names Third Walk to Work CSV
Acta Marine has held a naming ceremony for its latest walk-to-work construction support vessel Acta Centaurus in Den Helder, the Netherlands.Mrs. Marianne van Oord named the vessel Acta Centaurus.
Kiel Builds First New Corvette for Israel
The launching of the new corvette “Ins Magen” in Kiel marks an important step in the ongoing program of Thyssenkrupp Marine Systems as general contractor to build…
ASI Marine Adds Falcon ROV
Canada-based underwater services provider ASI Marine is expanding its Falcon fleet, said a press release from Saab Seaeye, the underwater e-robotics company.Known…
Seaspan Orders Two LNG Battery Hybrids
Canada's Seaspan Ferries will add two new Liquid Natural Gas (LNG) - battery hybrid ferries to its fleet in 2021.The vessels will be constructed by Damen Shipyards Gorinchem B.V.
EemsWerken Concludes Radio Holland Contract
Dutch shipping company Eemswerken (Werkendam) has concluded its service contracts with Radio Holland Netherlands, covering its entire fleet of cargo vessels.Radio…
VTAS All Set to Go
The Vessel Technology Assessment System Project (VTAS Project) has finished its development stage and is set to go live.The UK-based design, engineering and risk management consultancy firm BMT…
SeaBird Wins Wintershall Survey Contract
The provider of marine 2D and 3D seismic data and associated products and services to the oil and gas industry, SeaBird Exploration announced a contract award by…
Norden Signs 3-year COA with Qatar Vinyl
Danish shipping company Norden has signed a three-year contract of affreightment (COA) with Qatari chemical firm Qatar Vinyl Company, commencing in the second quarter of 2019.Qatar Vinyl Company…
HHI Bags $390mln Order for 2 LNG Carriers
South Korean shipbuilding giant Hyundai Heavy Industries (HHI) said it received an order to build two liquefied natural gas (LNG) carriers for an unidentified European…
U.S. LPG Gas Exports Up in Q1
North American liquefied petroleum gas (LPG) export capacity is forecast to grow considerably over the next two years, said Dorian LPG.According to the LPG shipping company…
CMA CGM Orders 50,000 Traxens Trackers
French liner carrier CMA CGM has announced a new order for 50,000 Traxens trackers, aiming to fit containers with connected trackers to provide greater traceability – monitoring location…
Adani to Develop Container Port in Myanmar
India’s largest private multi-port operator Adani Ports and Special Economic Zone (APSEZ) will set up its first container terminal outside India in Myanmar at an…
MOL to Join TCFD Consortium
Japanese shipping giant Mitsui O.S.K. Lines (MOL) announced that it will participate in the Task Force on Climate-related Financial Disclosures (TCFD) Consortium…
Tanker Market Faces Headwinds: Teekay
Average crude tanker spot rates moderately increased during the first quarter of 2019, as some of the positive drivers from late 2018 continued into early 2019,…
GSL Acquires Three Boxships
Marshall Islands-incorporated Global Ship Lease (GSL) announced that it has agreed to acquire three 2004-built, 7,849 TEU containerships for an aggregate purchase…
Teekay Gets $450mln for Shuttle Tanker Fleet
The midstream services provider to the offshore oil production industry Teekay Offshore Partners announced that in accordance with previously noted financing plans…
Ports Push for Smart Europe
European ports have prepared a memorandum emphasising the role port managing bodies can play as facilitators of the port ecosystem in view of the European elections…
