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FPSO Market to Reach $66Bln by 2026
The global floating production storage and offloading (FPSO) market was valued at around US$ 25 Bn in 2017 and is anticipated to expand at a CAGR of around 12% from 2018 to 2026…
APM Terminals to Open Port of Tema in June
All 7 ship-to-shore and 20 RTG ultra-modern gantry cranes have arrived for installation in the Port of Tema, Ghana, said APM Terminals, international container terminal…
CMA CGM Books Rrecord Revenue
French container shipping group CMA CGM booked record revenue in 2018 as trans-Pacific goods traffic remained buoyant despite U.S.-Chinese trade tensions, but soaring oil prices cut deep into its profits, it said on Friday.The firm's 2018 volumes rose by 9.3 percent and for the first time exceeded 20 million TEUs (Twenty-foot Equivalent Units) due to a strong performance of most of the shipping lines operated by the group…
MDL Bags West Africa SURF Project
UK-based Maritime Developments Ltd (MDL), which designs, manufactures, and delivers machines to energy sector, said that it has secured a flexible installation…
Yinson, First E&P in $902 Mln FPSO Deal
Malaysia’s floating production storage and offloading (FPSO) operator Yinson and Nigerian oil company First Exploration & Petroleum Development Company Ltd (First…
Australia Leads FPSO Deployment in AsiaPac
A total of 67 floating production, storage and offloading (FPSOs) vessels are expected to start operations globally by 2025, with Australia leading the Asia-Pacific region.Globally…
Cosco, Bolloré in Logistics Partnership
China’s container shipping company Cosco Shipping Lines signed a strategic Memorandum of Understanding (MoU) with Africa-based Bolloré Transport & Logistics to develop new opportunities in transport…
USS Donald Cook Sails into Black Sea
The Arleigh Burke-class guided-missile destroyer USS Donald Cook (DDG 75) began its north-bound transit of the Dardanelles Strait, en route to the Black Sea Feb.
Exmar Ship Management Opts for Luminultra
Belgium-headquartered EXMAR Ship Management has selected the LuminUltra Quench-Gone Aqueous (QGA) test kit to monitor the quality of the drinking water produced…
Nakilat, McDermott Form Fabrication JV
Qatar's Nakilat and McDermott are establishing a 60:40 joint-venture (JV) company that provides offshore and onshore fabrication services in Qatar."The strategic…
Inside the World's Top Ferry Lines
The ferry business, unlike more industrial parts of the shipping business, touches wide swaths of the world’s population across continents. The membership of Interferry, the leading trade group for the industry, with non-Governmental organization (NGO) status at the International Maritime Organization (IMO) includes 200+ members from all parts of the ferry spectrum. These include passenger ferries (including fast ferries), Ro/Pax and cruise ferries operating globally.
Epic Gas Bullish on LPG Carriers Market
Global seaborne liquefied petroleum gas (LPG) volume is expected to grow by over 6% in 2019 and surpass 100 million tonnes for the first time.Singapore based provider of pressurised LPG vessels…
Kenya Trains Maritime Security Officials
Maritime law enforcement officials from Kenya are taking part in a two week training course on best practices for visit, board, search and seizure of vessels, in Mombasa…
ICTSI Expands Batumi Container Terminal
Philippines-based port operator International Container Terminal Services, Inc. (ICTSI) has inaugurated the newly-expanded Batumi International Container Terminal…
King Abdullah Port Inaugurated
Saudi Crown Prince, Deputy Premier and Defence Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud inaugurated the King Abdullah Port in Rabigh.The Saudi Arabia’s…
Boat Made of Flip-flops Sails for Cleaner Seas
It was 6pm when an unusual rainbow-colored boat, made of recycled plastic waste and discarded flip-flops gathered from beaches and roadsides, dropped anchor off the beach at Mtwapa, near Kenya's coastal city of Mombasa.The 9-meter-long dhow, "The Flipflopi", was sailing south along East Africa's coast to raise awareness of the threat plastics pose to the oceans, said chief boat-builder and captain Ali Skanda.Beaches and marine ecosystems have been badly affected by plastics…
LNG Demand to Reach 600 MT in 2035
The energy demand would continue to grow driven by emerging economies and the projected growth in global population, which will touch nine billion by 2040.LNG demand…
10mln+ Cruise Passengers Visits Spanish Ports in 2018
For the first time in Spain's history the ports have welcomed over 10 million cruise ship passengers, reaching a higher level within the global cruise tourism context.According…
Telford Offshore Adds Seven Vessels
Dubai headquartered offshore service company Telford Offshore said it has acquired an additional DP3 pipelay and accommodation vessel, and six offshore support vessels following a legal settlement between Sea Trucks Group (STGL in liquidation) and West African Ventures (WAV).The acquisition nearly triples the Telford Offshore fleet, up from four vessels to 11.The DP3 vessel Jascon 30 is set to be dry…
Aker Solutions Revenues Up 8%
Aker Solutions reports Q4 2018 revenue of $813 million, an 8% rise compared to Q4 2017 powered by “significant international awards in a competitive, but improving market.” In total, order intake for the quarter was $615.6 million, leaving the company with an order backlog of more than $4 billion. Better still, looking forward the company sees “continued signs of a recovery in the global market” with…