Global Offshore Wind Market Grows 30%
The global offshore wind market grew nearly 30% per year between 2010 and 2018, benefiting from rapid technology improvements and about 150 new offshore wind projects…
Southeast Asia Bullish on OFS Market
Offshore project sanctions in Southeast Asia could lift greenfield investments in the oilfield services market by nearly 70 percent in 2020, said Rystad Energy.According…
Austal USA Christens Latest Navy Ship
American, Australian-Domiciled global ship building company Austal Limited said that its latest USA-made Navy vessel was officially christened during a ceremony…
USCG Names Cutters After 9/11 Heroes
The U.S. Coast Guard (USCG) announced that two new Fast Response Cutters (FRCs) will be named in honor of Coast Guard reservists who served in the New York City…
Hapag-Lloyd Expands Atlantic Loop 3
German international shipping and container transportation company Hapag-Lloyd AG announced that it is expanding fleet on Atlantic Loop 3 service between the US…
$154.5Mln EIB backing for Greek Port
The European Investment Bank (EIB) on Monday formally agreed to provide 140 million euros (USD $154.5 million) to support expansion and upgrading of Piraeus Port…
Massive Benefits in Reducing Ship Speeds
Cutting the speed of ships has huge benefits for humans, nature and the climate, according to a new report, a new report published by Seas at Risk and Transport…
Vale cuts Iron Ore Sales Outlook Range
Brazilian iron ore miner Vale on Monday said it now expects sales of iron ore and pellets to be between 307 million and 312 million tonnes in 2019, further reducing its full-year outlook as it grapple
AEO Status for APM Terminals Quetzal
Guatemala’s Superintendence of Tax Administration (SAT), customs entity, has recognized APM Terminals Quetzal’s transparency and security through its accreditation…
Tanker Scrapping to Remain Low
There has been a near absence of the demolition activity in tanker market this year, Gibson Shipbrokers said in its latest tanker market report. The scrapping likely…
IMO Launches Compendium
Streamlining the many administrative procedures necessary when ships enter or leave port is an important element of International Maritime Organization (IMO)'s work.And now…
ABS Issues New Carrier Fire Guide
Classification society American Bureau of Shipping (ABS) has issued what it says is first of its kind ‘Guide for Fire-Fighting Systems for Cargo Areas of Container Carriers’…
MPC Capital Buys Stake in Albis
German shipping asset manager MPC Capital has acquired a strategic stake of 50 percent in compatriot tanker chartering company Albis Shipping & Transport.The Hamburg…
DNV GL Awards AIP for SHI Cyber Secure Notation
The international accredited registrar and classification society DNV GL has presented South Korean shipbuilder Samsung Heavy Industries Co., Ltd. (SHI) with an…
Asian LPG Market to Cross $109Bln by 2024
The Asian liquefied petroleum gas (LPG) market stood at over $81.4 billion in 2018 and is projected to grow at a CAGR of over 5% to cross $109 billion by 2024, as…
Jobs at risk if Merger Stopped, Fincantieri Chairman Warns
Fincantieri Chairman Giampiero Massolo defended the Italian shipbuilder's planned acquisition of French rival Chantiers de l'Atlantique, and said jobs in the industry could suffer if the project fell through.European competition authorities last month opened an in-depth investigation into the proposed deal, saying it would significantly reduce competition and could push up prices for cruise ships."Ours…
Maersk COO Søren Toft Leaves Company
Chief Operating Officer (COO) Søren Toft has decided to pursue another opportunity outside the company and will leave A.P. Møller - Mærsk A/S effective today. CEO…
Fincantieri: Jobs at Risk if Merger with Chantiers de l'Atlantique Stopped
Fincantieri Chairman Giampiero Massolo defended the Italian shipbuilder's planned acquisition of French rival Chantiers de l'Atlantique, and said jobs in the industry could suffer if the project fell through.European competition authorities last month opened an in-depth investigation into the proposed deal, saying it would significantly reduce competition and could push up prices for cruise ships."Ours…
Baltic Index Falls to Over 4-month Low
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for the tenth consecutive session on Monday on waning demand across vessel segments.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 33 points, or 2.4%, to 1,345, its lowest since end-June.* The capesize index was down by 51 points, or 2.1%, to 2,393…
Bourbon Commits 100+ Vessels to Fleet Xpress
Marine services firm Bourbon has signed a contract committing more than 100 offshore support vessels (OSVs) to Inmarsat’s Fleet Xpress, the maritime broadband service that combines the speed of Ka-band with continuous back up from Inmarsat’s FleetBroadband operating on L-band.The deal represents a breakthrough offshore contract for Fleet Xpress, which is already installed on some 7,000 vessels - mainly seagoing merchant ships…
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