Simon Mokster Sells PSV Stril Neptun
Norwegian offshore support vessels company Simon Mokster Rederi said that it has sold the 3,000-dwt platform supply vessel (PSV) Stril Neptun to Greek interest for…
E&P Companies Struggle on RoI
International exploration & production (E&P) are struggling to make money from offshore investments made during the latest investment upturn, according to a new…
Boskalis Consortium to Develop French Port
A consortium led by Boskalis Nederland and Bouygues Travaux Publics has won a contract from the Occitanie/Pyrenees-Mediterranee region of France for the expansion…
Naval Group, Fincantieri JV Named NAVIRIS
French shipbuilders Naval Group and Italy's Fincantieri announced the name of the 50/50 joint venture NAVIRIS.The name was presented during the recent Steering…
Russia Presses for Northern Sea Route
Russia is advocating expansion of ports and shipping along the Northern Sea Route (NSR).The existing excellent contacts between Port of Hamburg Marketing and Russian…
HII Finishes Acceptance Trials for Tripoli
America’s largest military shipbuilding company Huntington Ingalls Industries (HHI) said that it has successfully completed acceptance trials aboard the amphibious…
Decarbonisation a Major Issue in Shipping
Survey respondents from 46 different countries around the world highlight ‘decarbonization of shipping’, ‘new environmental regulation’, ‘societal demands for sustainability’…
Hapag-Lloyd Intros IMO2020 Transition Charge
German international shipping and container transportation company Hapag-Lloyd has introduced IMO2020 Transition Charge (ITC) for short-term contracts.The introduction…
MasterCraft Boat Appoints Frederick Brightbill as CEO
MasterCraft Boat Holdings announced that its Board of Directors has appointed current Board Chair, Frederick A. Brightbill, as Interim Chief Executive Officer, effective…
Grindrod Announces Finance Arrangement
Grindrod Shipping Holdings, a global provider of maritime transportation services in the dry-bulk and product tanker sectors, announced a number of transactions…
Stena Estrid Completes Sea Trials
European ferry operator Stena Line has announced that the first of its three new E-Flexer class ferries destined for the Irish Sea, Stena Estrid has successfully…
Abu Dhabi Ports, Etisalat Join Forces on Digital Services
Maqta Gateway, a subsidiary of Abu Dhabi Ports signed a Memorandum of Understanding (MoU) with Etisalat enabling connectivity and bringing digital innovation across…
WASP Sets Sail on its 3-Year Voyage
The WASP (Wind Assisted Ship Propulsion) project, funded by the Interreg North Sea Europe program, part of the European Regional Development Fund (ERDF) to the tune…
Lloyd's Warns of Cyber Risks for Asian Ports
Lloyd's of London report stated that the cyber-attack on major ports across the Asia-Pacific could cost losses of up to $110 billion would occur in an extreme scenario…
Netherlands, Poland Pact on Ports
Polish President Andrzej Duda visited the Port of Rotterdam during his State Visit to the Netherlands in connection with the 75th remembrance of the liberation of…
Denmark OKs Nord Stream 2 Project
Denmark has granted permission for the Russian Nord Stream 2 natural gas pipeline to be constructed across Danish seabed in the Baltic Sea, leading to Germany.The…
Europe Establishes Waterborne TP
The European Commission and Member States will establish a co-programed partnership zero-emission waterborne transport in the framework of Horizon Europe (the EU’s…
Rotterdam Port Halts No-deal Brexit Preps
The Port of Rotterdam Authority has again put its preparatory measures for a No-Deal Brexit on hold following recommendations from the Ministry of Foreign Affairs.The largest port in Europe…
Baltic Index Inches Lower on Weaker Panamax Demand
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched lower on Wednesday on weaker demand for panamax vessels.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, edged down by 20 points, or 1.1%, to 1,782.The capesize index was unchanged at 3,078 points. Limited activity in both the Atlantic and Pacific basins and the resistance of charterers to current freight rates led to lower market rates…
Viva Energy Fuels the Future of Shipping
Viva Energy Australia announced the launch of its new very low sulphur fuel oil (VLSFO), developed to meet the International Maritime Organization’s (IMO) new regulations on fuel sulphur content.The new regulations will limit the sulphur content in marine fuels to 0.5% from the current level of 3.5%, in a move to reduce sulphur oxide emissions globally. Vessels worldwide will be required to comply by January 1…
