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…
Damen Snags Ferry Order from B.C. Ferries
Damen Shipyards Group has won a repeat order from B.C. Ferries for four additional Damen Road Ferries 8117 E3, also known as the “Island Class vessels”. The diesel-electric hybrid ferries follow two such vessels that the client ordered from Damen in 2017. The four new vessels will provide inter-island ferry services between Vancouver and Vancouver Island.“The fact that Damen had designed the original two island class ferries for BC Ferries…
Van Oord Orders Royal IHC Dredge System
Royal IHC, the provider of design and construction for the specialist maritime sector, has been awarded another contract by Van Oord to design and supply the dredge installation for its new 10…
Poland Preps Offshore Wind Bill
Polish Ministry of Energy has finished internal work on draft 'offshore wind act'. The draft is to be further proceeded now by Government on the legislative path…
Orsted Breaks Ground for Taiwan OWP
Construction of Taiwan's Formosa 2, an offshore wind power (OWP) development project, officially broke ground in Miaoli County.Orsted Taiwan said in a statement…
Navis Solution on Evergreen Newbuilds
Navis, the provider of maritime software solutions for cargo and vessel performance and compliance, announced that its MACS3 loading computer will be installed…
Maritime Leaders Calls for Collaborative Spirit
The fifth annual Maritime Standard Ship Finance and Trade Conference highlighted the importance of the shipping, ports and other maritime sectors working more closely…
MSC Isabella, Largest Boxship to Call in Singapore Port
The 23,656 teu MSC Isabella became the largest containership to call the Port of Singapore when it berthed on 10 November 2019.The MSC’s Gülsün-Class of container…
Canada’s 2nd Arctic Offshore Patrol Ship Launched
The Royal Canadian Navy’s second Arctic and Offshore Patrol Ship (AOPS), the future HMCS Margaret Brooke, was launched yesterday, Nov. 10, 2019, at Halifax Shipyard.The…
DP World JV Wins French Port Gig
Generale de Manutention Portuaire (GMP), a joint venture between Dubai-based trade enabler DP World and French shipping line CMA CGM, has been awarded the service…
Hurtigruten Names World's 1st Hybrid Expedition Ship
The world's first hybrid electric-powered expedition ship and newest member of the Hurtigruten fleet, MS Roald Amundsen, was officially named in Antarctica.The ceremony…
Iran Finds New Oil Field of 53bln Barrels
Iran has discovered a new oil field in the country’s south with an estimated 50 billion barrels of crude oil in the oil-rich Khuzestan province, its president Hassan Rouhani said.However…
2020 Dominates Dry Bulker Challenges
In view of the 0.5% global sulfur limit regulation implementation on 1 January 2020, International Association of Dry Cargo Shipowners (INTERCARGO) pointed out that…
Royal Caribbean Cruise Founder Dies
Army veteran-turned-Royal Caribbean Cruise Line founder Edwin W. Stephan passed away on Friday at 87 years old."We at Royal Caribbean mourn his loss and extend our…
Tracking Ship Emissions from Space
A new ground-breaking study by University College London (UCL) Energy Institute, Imperial College and the University of Oxford shows how satellite tracking could…
