Maritime Industry Top News
Ship Insurer Britannia Sets Up Subsidiary for EU
Following Britain’s decision to leave the European Union, British ship insurer Britannia plans to set up a subsidiary in Luxembourg, Reuters reported. It is to ensure…
Maersk Oil, Partners Approve USD 3.2bln Tyra Gas Project
Maersk Oil has announced that the Danish Underground Consortium (DUC) has approved an investment of approximately 21bn DKK in the full redevelopment of the Tyra gas field.
DNV GL Launches D-Class
DNV GL has launched a “D-Class” (Data Smart Classification) joint development project to develop an innovative Dynamic positioning (DP) verification approach. In…
SolstadFarstad Wins New Contracts in Australia
SolstadFarstad ASA (SOFF) has been awarded several new contracts for the provision of vessels within Australia. McDermott International Inc. affiliated company,…
Hamburg Süd Remains Hamburg Süd
Hamburg Süd remains a commercially independent brand under new owner – Significantly greater product range through global service network – Own sales force provides…
Rotterdam Port Sets Dues for Three Years
The port dues for the port of Rotterdam have been set for the coming three years. The port dues will rise by 1% per year for the next three years. Over the recent period…
MOL Rolls Out Total Residual Oxidants Instrument
Mitsui O.S.K. Lines (MOL) announced commercialization of the Total Residual Oxidants (TRO) instrument "S.sensing WS," one of the major components of the Ballast Water Management System (BWMS).
Growth in Blue Denmark Through New Regulations
The Danish Parliament (Folketinget) has adopted a number of new initiatives in the maritime area which will, inter alia, make it easier to keep and ensure growth…
India's INS Kadmatt Deployed in Indonesia
India's INS Kadmatt, the indigenously built stealth Anti-Submarine Warfare corvette arrived Belawan, Indonesia on 30 November 17. The 3-day long visit to Indonesia…
Diana Containerships TC with Wan Hai Lines
Diana Containerships announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Wan Hai Lines (Singapore) for one…
NAT Gets Finance for 3 Vessels
Nordic American Tankers (NAT) has entered into final agreements with a subsidiary of Ocean Yield ASA for the financing of the outstanding commitments of $39 million per ship, due on delivery.
CMA CGM Completes Sale of Los Angeles Terminal
The CMA CGM Group completed today the sale of a 90% equity interest in Global Gateway South terminal (GSS) in Los Angeles (United States) to EQT Infrastructure III…
IMO Assembly Elects New 40-Member Council
China, Greece, Italy, Japan, Norway, Panama, Republic of Korea, Russian Federation, United Kingdom, United States. Australia, Brazil, Canada, France, Germany, India…
BIMSTEC to Promote Coastal Shipping
Member States of BIMSTEC ( Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation ) met in New Delhi this week to discuss modalities for…
Bouchard's Fleet Expansion Continues
Bouchard Transportation Co., Inc. announced the new construction of ATB unit M/V Evening Breeze and Barge B. No. 252, which adds to the company’s fleet expansion plan that began in 2012. The M/V Evening Breeze is being constructed in Pascagoula, Miss. by VT Halter Marine, Inc., and is the sister vessel to ATB tugs M/V Denise A. Bouchard and M/V Evening Star. The Evening Breeze will be 4,000hp meeting U.S.
New Owner Takes Over at WESMAR
Bruce H. Blakey, founder and President of WESMAR (Western Marine Electronics), has sold his company to local businessman Roger Fellows, effective November 1, 2017. Blakey has sold the company to a new innovator whom he says is poised to take the company and its products to new heights. The name of the company will remain the same. Headquarter operations will remain in Woodinville, Wash. and employees will remain with the company, says its new owner and president Fellows.
MHI to Reorganize its Shipbuilding Business
Mitsubishi Heavy Industries, Ltd. (MHI) announced it will establish two new wholly-owned companies in conjunction with reorganization of its shipbuilding business.
Fugro Wins Work at US Offshore Wind Sites
Fugro said it has been awarded contracts by Ørsted to undertake geotechnical investigations at two large-scale offshore wind development sites in the U.S. Ørsted…
PanOcean Signs USD 1.8bln Deal with Brazil's Vale, Orders Six VLOCs
South Korean shipper Pan Ocean has won a 1.98 trillion won ($1.82 billion) contract to transport iron ore over a period of 27 years for Brazilian mining giant Vale, Reuters reported.
Hapag-Lloyd Completes Integration with UASC
Hapag-Lloyd successfully completed the integration of UASC into the Group on 30 November 2017. At a gathering of the shipping company’s global management in Hamburg…