Höegh LNG Secures $80M Loan
Norway-based floating liquefied natural gas (LNG) giant Höegh LNG said it has secured $80 million to refinance an existing bond loan maturing in June 2020."The facility…
Crew Kidnappings Surge 50% Off W. Africa
Despite overall piracy incidents declining in 2019, there was an alarming increase in crew kidnappings across the Gulf of Guinea.Number of crew kidnappings jumped from 78 in 2018 to 121 last year…
Eagle Bulk Joins Decarbonization Coalition
The US-based dry bulk carrier Eagle Bulk Shipping has joined industry group the Getting to Zero Coalition.The group is an alliance of over 90 companies within the maritime…
IRClass Foreign Flag Fleet Reg. Up 16%
The Indian Register of Shipping (IRClass) said that the classed fleet registered approx. 3% growth in the past year.The ship classification society said that its…
TORM Secures $496M for Debt Refinancing
Denmark-based product tanker company TORM has obtained a commitment for a total of USD 496 million from a syndicate of lenders to refinance its debt and bolster…
Shiptec Wins CGN Order for 2 Ferries
Lake Geneva General Navigation Company (CGN), a Swiss company operating ships on Lake Geneva connecting towns in both France and Switzerland, has awarded the contract…
China Tax Waiver for Cleaner Ship Fuel Exports
China has approved a long-awaited tax waiver on exports of cleaner ship fuel, paving the way for refiners to boost output, though Beijing may initially limit shipments to focus on growing its coastal marine fuel market, state refiner officials say.Ships globally have switched to lower sulphur fuels, or use emissions-removing devices, to comply with new rules imposed by the International Maritime Organization this year.China's State Council…
Iridium Now Authorized for GMDSS Service
Iridium Communication signed on to provide Global Maritime Distress and Safety System (GMDSS) service.On December 19, 2019 a Letter of Compliance was signed by the International Mobile Satellite Organization (IMSO), stating it has positively verified the operational and technical requirements as requested by the Maritime Safety Committee (MSC) of the International Maritime Organization (IMO) for Iridium to provide Global Maritime Distress and Safety System (GMDSS) service.
Trelleborg Acquires Signum Technology
Trelleborg has acquired Signum Technology Ltd. The acquisition of Signum and its subsidiary companies Gall Thomson, KLAW LNG, KLAW Products, and Vee Bee Filtration., provides safety-critical solutions for flow control applications, including Marine Breakaway Couplings (MBCs) and safety solutions for LNG transfer systems.The move is part of Trelleborg’s strategy to strengthen its position as a system provider in oil and gas market segments…
Fincantieri, Naval Group JV Starts
The joint venture between Fincantieri and Naval Group, held its first board meeting for Naviris. Through Naviris, Fincantieri and Naval Group are pooling their strengths to develop a new strategic capability and respond in an innovative way to the needs of their customers.The two companies have established that Naviris is a 50/50 joint venture. With the head office located in Genoa with a subsidiary in Ollioules, the Naviris team will focus on bi-national and export projects.
Nor-Shipping Appoints Norvik
Nor-Shipping has appointed Sidsel Norvik to the new role of Commercial Director. Norvik joins following a stint as CEO of Energy Show Norway, two decades as Commercial Director for Upstream, and 10 years with Recharge, a news platform for renewable energy. Norvik will now be charged with working on exhibition sales and spearheading Nor-Shipping’s ground-breaking Blue Economy Hall, promoting the ‘Blue Talks’ and showcasing firms and ideas that accelerate innovation…
ONE SEA Appoints Lehtovaara Chairman
ONE SEA has appointed Capt Eero Lehtovaara as its new Chairman. Lehtovaara, a Master Mariner and Associate Fellow of the Nautical Institute, is Head of Regulatory & Public Affairs at ABB Marine & Ports.He brings a wealth of experience to the expanding ONE SEA alliance where he has been a Board member for two years, as well as Vice Chairman. His past experience at sea provides a unique understanding of the challenges set by new regulations…
Russian Tanker Back in Region After Shipping U.S. LNG to Europe
A Russian gas tanker that is used to secure energy supplies in the west Russian enclave of Kaliningrad has arrived back in the region after being leased out to transport U.S.-produced LNG to Europe…
Court Orders DP World's Rights Restored for Doraleh Port
A London arbitration court has ordered Djibouti to restore DP World's right to operate the Doraleh Container Terminal as detailed under a 2006 concession deal within two months or pay damages…
Damen, Luerssen to Build German Warships
Germany has awarded Dutch shipyard Damen a contract to construct at least four new multi-role warships worth nearly 6 billion euros ($6.7 billion) in an alliance with its Bremen-based partner Luerssen, the armed forces and budget lawmakers said on Tuesday.The ship tender is one of Germany's biggest arms projects, along with a contract for the MEADS missile defence system and the new Franco-German fighter jet (FCAS)…
Steel Cut for UECC Hybrid PCTC
Norway-based provider of shortsea RoRo transportation United European Car Carriers (UECC) held a steel cutting ceremony for its first newbuild pure car truck carrier…
TMA Logistics Wins SGRE Work
Dutch outfit TMA Logistics has been commissioned by Siemens Gamesa Renewables Energy (SGRE) to provide the transhipment and transhipment of wind turbines for Windpark…
Tomini Adds 3 New Ultramaxes to its Fleet
Dubai-based ship owner and operator Tomini Shipping has boosted its shipping fleet with the delivery and naming of three ultramax carriers.Three vessels named Tomini Entity (63…
Are Foreign Ships Secure in Iran?
Mohammad Rastad, Iran's Deputy Minister of Roads and Urban Development said that foreign trade ships that transport goods to Iran can be confident that there will…
HMM to Launch Mega-Ships in April
South Korean logistics major Hyundai Merchant Marine (HMM) will introduce the largest container vessels of the world in April. These mega-ships will be deployed…
