Drewry Cautiously Optimistic on Container Shipping
The container Shipping industry is facing an exceptionally high level of uncertainty, ranging from the extra cost associated with IMO 2020 and how much carriers will recover from shippers…
Global Boatworks Sells Luxuria
Florida-based Global Boatworks Holdings, builder of luxury floating vessels, announced that it has entered into a contract to sell the Luxuria I, the first of its…
Teekay Secures Loan for Shuttle Tanker Newbuilds
International midstream services provider, Teekay Offshore Partners announced that it has secured a new $414 million long-term debt facility that will be used to…
WMU on Women Empowerment in Maritime Community
World Maritime University (WMU) International Women’s Conference, Empowering Women in the Maritime Community was held in Malmö, Sweden (4-5 April), reflecting this…
W&O Wins USCG OPC Valve Deal
W&O won a subcontract from Eastern Shipbuilding Group (ESG) for the United States Coast Guard Offshore Patrol Cutters (OPC), Coast Guard Cutter ARGUS (WMSM-915)…
NSC Midgett Passes Acceptance Trials
US shipbuilder Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division has announced that the National Security Cutter (NSC) Midgett (WMSL 757) has successfully completed acceptance trials. Midgett, the eighth NSC Ingalls has built for the U.S. Coast Guard, spent two full days in the Gulf of Mexico proving the ship’s systems.The U.S. Navy’s Board of Inspection and Survey (INSURV) were on board…
Liebherr Turnover Tops $11 Billion
The Liebherr Group notched up a company record turnover of $11.8 million in 2018, representing an increase of $828 million, or 7.5 %, compared with the previous year.Despite a slight decline in overall economic growth, revenues from construction machinery and mining equipment rose by 10.8 % to $7,761 million, with especially strong contributions from the Earthmoving, Mobile Cranes and Mining divisions.
Wärtsilä, Samsung Heavy Industries Partner
Finland based technology group Wärtsilä and South Korean shipbuilder Samsung Heavy Industries (SHI) will set out to develop more efficient solutions for liquefied natural gas (LNG) carriers and shuttle tanker vessels, under a new joint development project (JDP) agreement signed Wednesday at the LNG19 exhibition in Shanghai.According to Wärtsilä, who issued a press release announcing the agreement on Thursday, the JDP will build on shared knowledge and experience between the two companies.
Shipbuilding: Meyer Turku Growth Continues
Meyer Turku Group reported a turnover of €969.7 million for 2018, up from €808.2 million the year prior. The Finnish shipbuilder, which recorded €29 million in profits for 2018, said its financial figures indicate a good, steady company growth.“We are on a good path to meet the goals we have set,” said Meyer Turku CEO, Jan Meyer. “We need to, however, double our production in the next four years to meet the demands in our order book.”In 2018 Meyer Turku delivered one ship…
Harvey Gulf Branches Out Internationally
Since committing to go global in September 2018, US based Harvey Gulf said on Thursday it has been awarded contracts in Mexico, Trinidad, Guyana and Suriname.The company noted it also has bids for work in Mozambique, Angola, Senegal, Israel, Ghana and Nigeria.Harvey Gulf, which completed a financial restructuring and emerged from Chapter 11 Bankruptcy proceedings in 2018, said it will continue to look for merger opportunities as they present themselves.
IMO Rules to Cause Marine Gasoil Deficit in 2020 - Rystad
* The upcoming International Maritime Organization sulphur regulations for marine fuel will lead to a deficit of 600,000 barrel per day of marine gasoil in 2020…
Yara Marine's MARPOL Test Successful
Norway-based emissions control technology company Yara Marine Technologies announced the successful installation of an inline hybrid scrubber system for an undisclosed…
Equinor Awards FEED Contract to Deltamarin
Deltamarin Oy, the provider of ship design, offshore engineering, and construction services for marine and offshore industries worldwide, has signed a contract to…
SCF: Ten Years of LNG Shipping from Sakhalin-2
Russian maritime shipping company specializing in petroleum and LNG shipping Sovcomflot (SCF Group) has just celebrated the tenth anniversary of the start of LNG…
Rederij Doeksen Signs LNG Deal with Titan
Dutch ferry firm Rederij Doeksen has signed a liquefied natural gas (LNG) bunker supply agreement with Titan LNG, which supplies and transports LNG to marine markets.Both…
Furetank Orders Dual Fuel Product Tanker
Sweden's Furetank Rederi AB has signed a contract for one 17,999 dwt dual fuel product tanker at Avic Dingheng Shipbuilding.The agreement with the yard includes an option for one further vessel…
OOIL, JD, Cosco JV for Logistics
Gold Talent, Cosco Shipping Logistics and JD Logistics entered into a cooperation agreement to jointly invest in online logistics platform EShipping through a joint…
Gulf Island Delivers Z-Tech Tugs
American manufacturer Gulf Island Shipyards has completed the second of 10 Z-Tech 30-80 tugs, five of which were ordered by Suderman & Young Towing Co.Once completed…
Aus Terminal Selects Kalmar Straddle Carriers
The cargo-handling solutions provider Kalmar, part of Cargotec, is to supply a total of 12 diesel-electric straddle carriers to leading Australian terminal operator Patrick Terminals.The order…
Swedish Bank to Finance Star Bulk
Swedish financial group Skandinaviska Enskilda Banken AB (SEB) is providing US$71.42m term facility to Star Bulk Carriers for the refinancing of two Newcastlemax-size bulk carriers.
