'Green' Focus for Citigroup's Shipping Finance Chair
Citigroup's veteran shipping finance banker Michael Parker is to become chairman of the bank's shipping & logistics business, a role which will include bolstering the lender's environmental focus in the sector, Citi said on Thursday.In June, Citi was among a group of leading banks who signed up to environmental commitments known as the "Poseidon Principles."These will for the first time integrate efforts to cut CO2 emissions into banks' decision making when providing loans to shipping companies.
MHI Vestas Bags Taiwan Switchgear Deal
Wind turbine manufacturer MHI Vestas Offshore Wind has signed its third contract in Taiwan for local production as it prepares to execute 900 MW of offshore wind…
US Shale Operators Achieves Positive Cash Flow
In a remarkable turnaround, the second quarter of 2019 is the first three-month period on record when US shale operators achieved positive cash flow from operations…
Topaz Revenue Climbs
Revenue of Topaz Energy and Marine of the United Arab Emirates (UAE) for the six-month period of 2019 was $235 million, an increase of 56% compared to H1 2018.Dubai…
Konecranes Retrofits Crane in DP World Liège
Konecranes Port Services, the team of crane and lifting engineers, software developers and product technicians, will retrofit electrification to a Model 2 Konecranes…
Peel Ports in Brexit Preparedness
UK port operator Peel Ports Group has been officially accredited with the internationally recognized quality mark of Authorised Economic Operator (AEO) at all its…
Navios Sells 2002-Built VLCC
Greek tanker vessel operator Navios Maritime Acquisition Corporation has entered into an agreement to sell the Nave Electron, a 2002-built very large crude carriers (VLCC) vessel of 305…
Napier Port Lists on NZX
New Zealand's Napier Port successfully completed its $234 million initial public offer (IPO) with a listing ceremony at the Port’s Breakwater Road site in Napier.After…
Essar Ports Posts Robust Growth
Indian private ports operator, Essar Ports Limited posted overall 17 percent growth in the cargo throughput at 13.5 million tonne for the first quarter of current…
Further Delay for Vineyard OWP
Netherlands-based provider of steel foundations to the offshore wind, Sif Holding NV said that the Vineyard Wind, which was set to be U.S.'s largest offshore wind…
HMD Builds 2 Methanol-Fueled Tankers
Two new dual-fueled tankers capable of operation using clean-burning Methanol, Mari Couva and Mari Kokako were named at the Hyundai Mipo Dockyard (HMD) by owners…
ZIM Back in the Black
Israeli container line ZIM Integrated Shipping Services Limited reported a total revenues of $834.3 million in Q2 2019, reflecting an increase of 3.9% compared…
African LNG to Attract $103Bln in 2019
With greenfield investments in Nigeria, Egypt, Mozambique and elsewhere reaching nearly $103 billion this year, it is clear that liquefaction is viewed as the most…
TOP Ships in 1-for-20 Reverse Stock Split
Greek provider of oil, petroleum products and chemicals transportation services TOP Ships Inc. announced that it has determined to effect a 1-for-20 reverse stock…
U.S. Support for Ghana Fisheries
U.S. Agency for International Development (USAID) Ghana’s Acting Deputy Mission Director, Janean Davis said that United States is taking steps to improve fisheries in Ghana.Ms.
Marine Engines Market: $14.4Bln by 2026
The global marine engines market is estimated to grow at CAGR above 4.5% over the forecast time frame 2019 to 2026 and reach the market value around $14.4 billion…
UN Treaty to Protect Marine Biodiversity
The International Maritime Organization (IMO) Secretariat is attending the latest in a series of conferences to develop a legally binding international instrument…
R/V Roger Revelle Gets a Thruster Upgrade
The research vessel Roger Revelle is currently going through an extensive mid-life refit. One of the upgrades to the vessel is the installation of telescoping thruster technology from ZF Marine.The R/V Roger Revelle is a globally capable oceanographic research vessel, designed as a platform to support many different facets of ocean-based scientific research. The vessel is owned by the US Navy and operated…
Sea Machines Demonstrates Autonomous Spill-Response Vessel
As a part of its cooperative agreement with the U.S. Department of Transportation Maritime Administration (MARAD), Boston-based Sea Machines Robotics announces that it has successfully demonstrated its autonomous systems in action on board a Kvichak Marco skimmer boat during events held along the Portland harbor earlier today.Sea Machines’ technology opens a new era of capability for the marine industry…
STEM is so 'Yesterday’s News'
Recently I was attending the United Nations Science Technology and Innovation conference (STI Forum). While I attended to present on Wave Energy Conversion, the main subject at the conference was STEM education and STEM gender inequality. Almost every country in the world reports a lack of available STEM educated workers, and also reports that they have had problems engaging the non-male population in STEM professions.The discussions were extremely far and wide ranging…
