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Maersk Mulls Port of Tema Expansion
Maersk Group is committed to support the expansion of the Port of Tema to the tune of US $1.5 billion, says Nils Smedegaard Andersen, Chief Executive Officer of Maersk Group.
SatCom Useage Savings Vaunted by Inmarsat Boss
Maritime industry leaders attending the current London International Shipping Week heard how ship owners and managers can achieve 10 per cent operational savings…
ABB to Enable Remote Control of Ship-to-Shore Cranes
ABB, a power and automation technology group, recently won contracts from two major container terminal operators, APM Terminals and Rotterdam World Gateway (RWG) to provide automation systems for their new ship-to-shore cranes. ABB’s delivery will enable the cranes to be operated remotely, without a driver on board, for improved overall efficiency. The two new terminals that will open in 2014 in Rotterdam…
How Much is a Ship Worth?
Accountant and business consultant Moore Stephens has warned that shipping companies must be able to substantiate any decision to use future cashflow as an alternative to broker valuations.
Ha Long Shipyard Begins Construction on 54,000-ton Freighter
Construction of a 54,000-toncargo ship worth $30m started on Feb. 27 by the Ha Long Shipyard in northeastern Quang Ninh province. The H172 freighter, to be built at an estimated cost of around $30m…
Pha Rung Builds its Largest Cargo Vessel
The Pha Rung Shipyard in the northern port city of Hai Phong on August 15 began work on its largest-ever cargo ship of 34,000 DWT and an oil tanker of 6,500 DWT.
Buy Secondhand Ships Now?
To be trite, every cloud has a silver lining, and the stormy shipping market crisis' shining beacon appears to be strong investment opportunities in secondhand ships.
Daewoo Heavy Gets $110 M For Two Ships
Daewoo Heavy Industries Co. Ltd., a unit of South Korea's Daewoo Group, won $110 million orders to build two ships for Norway and Hong Kong, company officials said.