DOT Chief Chao Echos President's Call for Infrastructure
The Statement of U.S. Secretary of Transportation Elaine L. Chao issued the following statement regarding the President’s State of the Union Address. “Tonight the President issued a bipartisan call to repair and restore America’s aging infrastructure. Over the last two years, due to the President’s policies, our economy has generated historic levels of economic and job growth for Americans and widespread private sector investment.
MHI Appoints Izumisawa President & CEO
Mitsubishi Heavy Industries, Ltd. (MHI) announced executive-level personnel changes effective March 31 and April 1, 2019 and made nominations for Directors to be proposed to the 94th Ordinary General Meeting of Shareholders scheduled for June 27, 2019. MHI also announced the appointment of Seiji Izumisawa as President & Chief Executive Officer (CEO), effective April 1, 2019, and Chief Strategy Officer (CSO), a role he holds currently.
Tech: Stena Debuts Chatbot "Stina"
Stena Line is in the process of launching the smartest chatbot -- "Stina" -- into the ferry market. The tech, which relies on IBM Watson as the technicla platform, is designed to make the customer experience better by providing assistance in booking a trip as well as answering questions 24/7. “This is one of many great examples of how we are using artificial intelligence to increase our efficiency and improve the customer experience.
Foresight Takes Delivery of New Jackup Drilling Rig
London-based international law firm Watson Farley & Williams (WFW) advised Foresight Group of Dubai on the delivery arrangements relating to a LeTourneau Super 116E…
Offshore Wind Energy Market to Grow 20%
Global offshore wind energy market was valued at $2,727 thousand in 2019, and is expected to reach $11,334 thousand by 2025, registering a CAGR of +20% from 2019 to 2025…
New Orleans Sets Cruise Passenger Record
A record number of cruise ship passengers traveled through the Port of New Orleans (Port NOLA) in 2018.The official tally - 1,182,111 - marked a 2.3 percent increase…
Polar Cruise Deploys Mooring Magnets
Polar Cruises, the provider small-ship travel to Antarctica and the Arctic, is now using high power permanent magnets for its 'Silver Cloud' when deploying boats for passenger excursions.The magnets…
Team Lines Stops Operations
Hamburg-based feeder operator Team Lines, which belongs to the Belgian Delphis Group, will close down its business.The deteriorating market conditions in Northern…
Anadarko Shell Deal for Mozambique LNG
US company Anadarko Petroleum has signed a major long-term contract to shore up its proposed liquefied natural gas (LNG) terminal in Mozambique.The Woodlands-based…
QP, Exxon to Build $10B LNG Plant in Texas
Exxon Mobil and Qatar Petroleum announced a final decision to finance a $10 billion-plus project to export liquefied natural gas (LNG) from the Texas Gulf Coast.Construction…
NFT Partners with PG Flow Solutions on Wellboat Pumps
Pump and liquid handling specialist PG Flow Solutions is working with Norsk Fisketransport AS (NFT) to develop a new service programme to further optimise the operational…
PhilaPort Awaits for Container Cranes
The M/V Zhen Hua 25 departed Shanghai, China last month with two new super post-Panamax container cranes bound for South Philadelphia.The two behemoths will navigate…
Titan LNG, Fluxys to Build FlexFueler 002
Belgium-based natural gas transmission system operator Fluxys and Netherlands-based Titan LNG have joined forces to build the FlexFueler 002, a bunkering pontoon…
Best Year for Stockholm Port
Swedish Ports of Stockholm summarized 2018 as a record revenue year, with stable freight volumes and a record number of cruise passengers.Sweden’s biggest passenger…
Global LPG Prices Decline: Dorian LPG
The biggest market change in the fourth calendar quarter of 2018, was the decline in crude oil prices, with Brent falling from a monthly average of nearly $82/barrel in October…
Yamal LNG Shipped 10MT
Yamal LNG, a joint venture liquefied natural gas (LNG) production project in Sabetta, Russia, has shipped its ten millionth ton of LNG since the commencement of…
Green Light to Stena, Hyundai Glovis JV
The European Commission has approved the creation of a joint venture by Swedish Stena Rederi, part of Stena AB, and German Glovis Europe, which is controlled by South Korean Hyundai Glovis.Earlier…
Alfa Laval Q4 Results
Order intake for the Alfa Laval Marine Division decreased in the fourth quarter compared to the previous quarter, mainly as a result of PureSOx coming in lower…
UK Holds Maritime Seminar
The UK Hydrographic Office (UKHO) yesterday (5th February) launched a five-day capacity building seminar to help UK Overseas Territories support safe maritime trade.The seminar…
Diana Shipping Fixes Danae with Phaethon
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Phaethon International Company AG, for one of its Panamax dry bulk vessels…
