SGS Acquires UWC and GDS
Subsea Global Solutions (SGS), a commercial diving company, has announced that it has acquired Underwater Contractors Pte. Ltd. (UWC), a prominent commercial diving firm based in Singapore…
Thyssenkrupp to Invest $279 mln at Shipbuilding Division
Thyssenkrupp plans to invest 250 million euros ($279 million) at its unit that builds submarines and warships, the German industrial conglomerate said on Monday.The investment at Thyssenkrupp Marine Systems (TKMS) will be made by 2023, the group said, pointing to good order intake at the moment. TKMS will also hire 500 new employees by the end of next year, it said."Our ambition is to be Europe's most modern naval company.
Baltic Index at 4-month Low on Weak Demand
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a four-month low on Monday, weighed down by easing rates across vessel segments.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 22 points, or 1.3%, to 1,675, its lowest since July 3.The capesize index dropped 4 points, or 0.1% to 2,946 points, its lowest in more than a week.
Pirates Kidnap Four from Greek Tanker
Pirates attacked a Greek oil tanker off the coast of Togo in the early hours of Monday and fled after taking four crew members as hostages, the West African nation's navy said…
Vens Pledge Funds for Argentine Shipyard to Finish PDVSA Tankers
Venezuelan President Nicolas Maduro on Sunday pledged funds for a state-owned Argentine shipyard to finish building two long- overdue tankers for state oil company Petroleos de Venezuela…
Kosmos Strikes Oil Off Equatorial Guinea
American upstream oil company founded and based in Dallas Kosmos Energy made an offshore oil discovery in Equatorial Guinea, Reuters reported quoting the Ministry…
Cruise ships Hit Record in Helsinki
During the cruise season that ended on 22 October, a total of 603,500 cruise passengers arrived in Helsinki. This was 16 per cent more than the previous year.There…
Steel Cut for 1st LNG-fueled Ship in France
MSC Cruises, a global cruise line registered in Switzerland and based in Geneva, has held a steel-cutting ceremony for its first new-generation World-Class ship…
WISTA Re-elects Theodosiou as President
Women’s International Shipping and Trading Association (WISTA) announced that Despina Panayiotou Theodosiou (WISTA Cyprus), CEO of Tototheo Maritime, was re-elected…
Farstad Supply Sells PSV Far Swift
Norwegian offshore service and supply ship shipping company Solstad Offshore said that its wholly owned subsidiary Farstad Supply AS has sold the platform supply…
Portugal Announces Tender for Vasco da Gama Terminal
The Portuguese government has issued a an international public tender for the development of the Vasco da Gama container terminal at the Port of Sines, seeking…
Air Quality Improves in Rotterdam Port
Heerema Marine Contractors will provide its crane vessels at Port of Rotterdam with clean energy. Heerema's crane vessels are often moored in the Calandkanaal in…
Hamburg Süd Announces EFF
German container shipping company Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft A/S & Co KG (Hamburg Süd) will introduce an Environmental Fuel Fee (EFF)…
US Eyes India for Quantum Leap in LPG Exports
Trump administration trade tariffs on China will need to cease and India will have to rely more on U.S. LPG supplies for the world to clear the quantum leap expected for U.S.
Oldendorff in Bulker Deal with Bangladesh
German bulk carrier company Oldendorff Carriers signed a Coal Transportation Agreement (CTA) with Bangladesh Chinese Power Company limited(BCPCL).Oldendorff will…
In a First, Container Cargo Vessel on Brahmaputra
The first ever containerized cargo movement via Indo-Bangladesh protocol route and Brahmaputra (National Waterway -2) river will start from West Bengal's Haldia…
IMO Training in Nairobi
Placing maritime activity at the heart of national development plans in Africa will help deliver the Sustainable Development Goals, which is a key strategic direction for IMO.
Lydia Oldendorff Sets Record
The largest German bulk carrier company Oldendorff Carriers GmbH, which operates around 700 ships, said that its Lydia Oldendorff (207,562 tdw built 2015) has set…
IOC Sells IMO2020-Compliant Marine Fuel in India
State-owned Indian Oil Corp (IOC) said it has commenced delivery of Low Sulfur Furnace Oil (LSFO) for ships that is compliant with International Maritime Organisation's…
Xeneta Expects Further Disruption in Container Rates
Further disruption in ocean freight rates expected despite best efforts from leading carriers, according to Xeneta Container Rates Alert.Long-term contracted ocean…
