Grindrod Sells NWK Stake
South African freight and logistics company Grindrod signed an agreement to sell its 20.3% stake in grain services provider NWK to NWK Holdings for R204-million…
PSA International Acquires Penn Terminals
Marking its first foray into the US, Singapore-based port operator PSA International has completed the acquisition of Penn Terminals located on the Delaware River in the U.S.
ABB Installs Electric Azipods On Board Bulkers
Swiss-Swedish multinational corporation ABB has announced that it is entering a new market segment by installing Azipod electric propulsion systems on board two…
Turkish Steel Giant in Logistics Pact with MOL
Japanese shipping giant Mitsui O.S.K. Lines (MOL) has signed a memorandum of agreement with Turkish steel producer Tosyali Holding A.S.A joint press release said…
India's DG Shipping Completes 70 Years
The Directorate General of Shipping of India celebrate its 70th Foundation Day today, the 3rd September, 2019. Minister of State for Shipping Mansukh Mandaviya will…
Damen Sells Two ASD Tugs to Ecuador
Dutch shipbuilding giant Damen Shipyards Group said that it has sold two Azimuth Stern Drive (ASD) Tugs to Ecuador-based DLEN S.A.According to the operator of 36 shipbuilding and repair yards…
Coast Guard, Local Agencies Respond to Boat Fire near Santa Cruz Island
Coast Guard and partner agencies are responding to a vessel fire near Santa Cruz Island Monday.At approximately 3:15 a.m., Coast Guard Sector Los Angeles-Long Beach…
BPA Welcomes Infrastructure Funding Scheme
The British Ports Association has welcomed the announcement by the UK Government that there will be a new grants scheme for infrastructure modification at UK ports should there be a ‘no-deal’ Brexit but has stated a deal was the best way to avoid potential disruption at ports.The UK’s Department for Transport is to introduce its £10 million (about $12.17 million) Port Infrastructure Resilience and…
Naval Architecture and Marine Engineering Tops for Jobs
The results of a recent survey conducted by financial services company Bankrate, LLC show that naval architecture and marine engineering take the top spot as the most valuable college degrees in which to major.A total of 162 degrees were covered in the company’s research. Drama and theater arts, on the other hand, were shown to be the least valuable degrees in terms of earning power after graduation.
Fugro Surveys Petronas Acreage
Dutch multinational geo-data specialist Fugro has completed the second of three Malaysian seep hunting and geochemical campaigns for Malaysian oil and gas company…
Fednav Welcomes New Handy Bulker
Canadian bulk shipping company Fednav Limited has taken delivery of Federal Montreal, its newest Great Lakes-suitable Handysize vessel. The ceremony was attended…
Austal, Fred. Olsen Partner on Trimarans
Australian-based global ship building company Austal and the UK-based, Norwegian-owned cruise shipping line Fred. Olsen have partnered on two next generation trimarans…
Silver Moon Launched at Fincantieri
Italian shipbuilder Fincantieri has launched Silver Moon, the second of three Muse-class ships to be built for Silversea Cruises.The new ultra-luxury cruise ship…
Rates Slowdown in Permian Basin
Though the Permian Basin still dominates US land drilling, the pace of growth in this region has slowed significantly.Older tight oil wells decline by 20% per year without material intervention…
Marine Diesel Engine Market to Grow 3.9%
The global marine diesel engine market is estimated to grow at CAGR above 3.9% over the forecast time frame and reach the market value around US$ 8.1 billion by…
MSC Germany Appoints Nils Kahn as MD
The global container shipping MSC Germany S.A. & Co. KG is reallocating the responsibilities at the top of the company.Accoridng to a press release the current Deputy Managing Director Nils Kahn…
