Saudi Aramco, Worldās Most Profitable Co, Again
Saudi Aramco announced that its net income was $46.9 billion for the first half 2019, compared to $53.0 billion for the same period last year. That easily outstrippedā¦
NSW Govt Supports LNG Import Terminal
New South Wales Government is considering a proposal for a $590 million liquefied natural gas (LNG) import terminal in the Port of Newcastle, with the project givenā¦
Briggs Marine Gets SSE Hydro Contract
UK-based marine services company Briggs Marine Contractors (BMC) has been awarded a framework agreement for the underwater inspection and maintenance of SSE Hydroā¦
SeaBird Faces Delays in Seismic Surveys
SeaBird Exploration, a global provider of marine 2D and 3D seismic data and associated products and services to the oil and gas industry, has estimated that itsā¦
HHLA Group Revenue Up 9.6 %
German logistics and transportation company Hamburger Hafen und Logistik AG (HHLA) said that it has closed the first half of 2019 with rising revenue and resultsā¦
First Steel Cut for HMS Cardiff
The first steel to be used in Britain's HMS Cardiff, an anti-submarine frigate, was ceremonially cut at BAE Systems' shipyard at Govan, Scotland."We have cut steelā¦
Birdon Wins US Contracts Worth $390Mln
Australian-based Birdon Group, headquartered in Port Macquarie, has announced that its US subsidiary has been awarded two new contracts worth up to US$390m (AU$575m).
FTA Awards $32.8Mln to U.S. Passenger Ferry
Federal Transit Administration (FTA) announced approximately $32.8 million in project selections to improve the safety and reliability of Americaās passenger ferriesā¦
MDL Back in North Sea with i-Tech 7
Maritime Developments (MDL), a provider of back-deck equipment for the subsea sector, has completed a flexible installation project in the North Sea with i-Tech 7ā¦
UUV Market to Reach $7.64bln
The global unmanned underwater vehicles (UUV) market was around USD 2.92 billion in 2018 and is expected to reach approximately USD 7.64 billion by 2025, at a CAGRā¦
Marine Travelift Expands in Mid-Atlantic
Marine Travelift has announced it is expanding its operation with the addition of Marine Travelift Mid-Atlantic. Marine Travelift Mid-Atlantic is located in Ashlandā¦
North Sea Spot Market Remains Challenging
The North Sea spot market has improved during the second quarter of 2019, as a result of increased rig activity, said Viking Supply Ships.However, the Norway-basedā¦
ARES Security Launches Seaport Platform
US-based ARES Security Corporation has rolled out a new multi-tenant, Software as a Service (SaaS) solution for seaports in the US.The is now offering their Avertā¦
Mercury Levels in Fish on the Rise
Warming oceans are leading to an increase in the harmful neurotoxicant methylmercury in popular seafood, including cod, Atlantic bluefin tuna, and swordfish, accordingā¦
Wilhelmsen Bags Stove Shipping Contract
Norway-based Wilhelmsen Ship Management (WSM) announced that we have been selected as the technical manager for the Stove Shipping AS (Stove) vessels, Stove Friendā¦
S&P Revises Danish Ship Finance Outlook
The global provider of benchmarks and investible indices, Standard & Poorās (S&P) has affirmed the āBBB+ā Issuer Credit Rating on Danish Ship Finance and revisedā¦
China Launches Intermodal to Hungary
A new freight train service has been launched linking Jinan, capital of east China's Shandong Province, and Budapest, capital of Hungary, making it the newest Chinaā¦
HII Announces Leadership Changes At Shipyards
Huntington Ingalls Industries announced today leadership changes at its Ingalls Shipbuilding and Newport News Shipbuilding divisions.Premo Sabbatini has been promoted to vice president of central planning and process excellence at Ingalls Shipbuilding. He succeeds Rick Spaulding, who has accepted a position as vice president of business process standardization at Newport News Shipbuilding.Sabbatini will transition from Ingallsā amphibious assault ship (LHA) programā¦
HRH The Princess Royal becomes Patron of BOAM Campaign
The charity behind the campaign to build the UKās national memorial to the Battle of the Atlantic in Liverpool has announced that HRH The Princess Royal, has become its Patron.In a letter to the campaign Her Royal Highness said:āThe Battle of the Atlantic, a six-year long campaign, was enormous in its scale, both geographically and logistically. In total over 100,000 people lost their lives in this epic struggle between the convoys and the U Boat packs.
Norsepowerās Rotor Sail on Hybrid Ferry
Ferry operator Scandlines has announced that it has signed an agreement with Norsepower Oy Ltd, leading clean technology and engineering company pioneering modern wind propulsion technology, to install Norsepowerās Rotor Sail Solution on board the M/V Copenhagen, a hybrid passenger ferry.Operating between Rostock in Germany and Gedser in Denmark, the M/V Copenhagen belongs to the worldās largest fleet of hybrid ferries, which combines diesel and battery power.
