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Kursiu Linija Sells Eimskip Share

Kursiu Linija sold a further 20-percent share of its equity to Icelandic transport company Eimskip. The move gives Kursiu Linija additional financial power and paves the way for expansion plans. Following the increase in Eimskip’s stake, Kursiu Linija will be run by a four-man board consisting of Bragi Thor Marinosson, Bjorn Einarsson, Stefan August Magnusson and Kursiu Linija founder and former managing director Arijus Ramonas. Ramonas has been elected chairman of the board, and the board has appointed Thorkell Palsson as managing director.

LNG Tanker Al-Ghuwairiya Berths at Ras Laffan

According to a report from, a significant milestone was reached on 21st June 2011 when the LNG tanker "Al-Ghuwairiya" berthed at Ras Laffan to load her LNG cargo bound for Canaport, Canada. The Qatargas chartered vessel is one of the new generation Q-Max LNG tanker able to load a full LNG cargo of 260,000 cubic meters. The vessel is owned by the Qatar Gas Transport Company (Nakilat).   Source:

Daewoo Gets 690m Qatar LNG Order

According to reports, Daewoo Shipbuilding & Marine Engineering Co has secured an order worth 690m from Qatar Gas Transport Company to build three liquefied natural gas carriers. The vessels will be delivered by April 2009. The shipbuilder plans to boost its annual production capacity of LNG carriers to 15 from eight ships now by 2008. Source: Forbes

QGTC Awarded Charters for Six LNG Carriers

Qatar Gas Transport Company Ltd. (Nakilat) announced that it has been awarded 25 year time charters by Qatar Liquefied Gas Company Limited (II), (QGII) for six 'QMax' LNG carriers of approximately 265,000 cubic meters carrying capacity each. These will be the largest LNG carriers ever constructed. According to AME Info, the ships will be ordered from Korean shipyards Daewoo Shipbuilding and Marine Engineering and Samsung Heavy Industries

An Argentinian Shipbuilding Revival

Pictured is whats reported as El Astillero Punta Alvear de Argentina. (Photo: Courtesy

According to a blog on the Bulletin Panama (, there is a boatbuilding revival happening in Argentina. The export of tugs and barges by Astillero Punta Alvear marks the revival of the Argentine shipbuilding industry, creating both foreign exchange and jobs with skilled labor and knowledge that was in danger of being lost after years of inactivity, as reported on

Brazilian Grain Trucker Blockade Continues, Threatens Harvest

Truckers protesting high diesel prices in Brazil used road blocks to restrict the flow of soy, corn and other commodities in a key grain-growing region for a third day on Friday, threatening what is expected to be a record harvest. A group of transport companies and independent truckers are blocking the flow of goods on the main highway and other major roads in Mato Grosso, a center-west state that is Brazil's top producer of soybeans and a major source of corn and livestock.

OSG Names Largest LNG

Overseas Shipholding Group, Inc. has named the LNG Carrier Al Gattara, marking a new generation of Q-Flex Liquefied Natural Gas (LNG) carriers, said to be the world’s safest, most advanced and largest ships to transport this critical energy source. This vessel is the first in a series of four sister ships to be delivered to OSG Nakilat, the joint venture between OSG and Qatargas Transport Company (Nakilat). The ship’s sponsor, Mrs

ITF Inspectors Visit Ships for Support in Walmart Campaign

ITF Protest: Photo credit ITF

ITF inspectors visit ships to ask captains and companies to raise concerns about the way Walmart treats its US staff. The ITF is urging shipping firms carrying cargo owned by US retail giant Walmart to raise concerns over its treatment of US warehouse workers and warning of impending industrial action at the company over the coming holiday period. They are likely to to embark on industrial action on 23 November in protest over poverty pay and the downgrading of working conditions.

ABS Nautical Systems Grows

ABS Nautical Systems, one of the leading providers of integrated fleet management software for the maritime industry, announced another year of record growth in 2010. ABS Nautical Systems signed 83 new clients with a combined total of 1053 vessels overall. In the month of December, 18 new customers were signed – a number that roughly equates to a new contract signed daily. New clients signed across the globe include Chevron, Reederei Offen, Hapag-Lloyd, Donnelly Tankers Management

DNV GL, N-KOM to Partner on LNG Initiatives

N-KOM’s CEO Chandru Rajwani and Dr Henrik O. Madsen, DNV GL’s Group President and Chief Executive Officer, signed the memorandum. (Photo: Laurence Tissot)

A memorandum of understanding (MOU) was signed today between DNV GL and Qatar’s premier shipyard Nakilat-Keppel Offshore & Marine (N-KOM) to promote liquefied natural gas (LNG) as fuel within the maritime and offshore industry. The signing ceremony took place during DNV GL’s 150th anniversary celebrations in Dubai, at which N-KOM’s CEO Chandru Rajwani and Dr. Henrik Madsen, DNV GL’s Group President and Chief Executive Officer, signed the memorandum.

Tsuneishi to Invest in Indonesia Shipyard Business

Photo:  Tsuneishi Holdings Corporation

 Japanese shipbuilding and maritime transport company Tsuneishi Holdings will invest up to $40 million to open ship repair services in Indonesia amid increasing efforts by the government to boost the archipelago's maritime industry, reports Jakarta Globe.  

CMA CGM-led Consortium Win Box Terminal Bid

Kribi Container Terminal

The consortium formed by CMA CGM, Bolloré and CHEC won the bid process initiated by the Cameroonian government Following the bidding procedure initiated by the Cameroonian government, the consortium formed by the French companies - CMA CGM and Bolloré - and the Chinese CHEC (China

World’s Dry Cargo Transport Rate Nosedives

Pic: Maersk Line

 The recession, gradually engulfing the world commodity production, has become apparent amid the dynamics of rates for international dry cargo transportation, reports   The key shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 26

Nakilat H1 Profit Up 10 pct

Photo: Qatar Gas Transport Co Ltd (Nakilat)

 Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas, has registered a half yearly net profit of $135 million (QR490.2mn), up 10% on the same period last year.   The healthy financial results reflect “Nakilat’s strategic development

2GO Mulls 25% Hike in its Revenue

Image:  2Go Group

 2GO Group, Inc. plans to boost profit by a quarter this year amid a sanguine outlook on its logistics, distribution, and express courier businesses, a company official said.   The company has set a P1.1-billion ($0.04billion) net income target this year

Lifejacket Donations to boost Safety in Torres Strait

Donation of 1,400 children’s lifejackets as part of the Torres Strait Marine Safety Program

  Marine safety in the Torres Strait and Northern Peninsula area is getting a boost with the donation of 1,400 children’s lifejackets as part of the Torres Strait Marine Safety Program (TSMSP) School Based Maritime Safety Education Project.

Uber Boats Seek to Bypass Istanbul's Road Traffic

Image: Uber

With the towering bridges that span the Bosphorus choked by traffic, a new boat service from Uber aims to capitalise on Istanbul's infamous road congestion.   In partnership with local sea transport company Navette the Uber Boat venture is unlikely to net a significant chunk of the

Container Equipment Costs at Record Low

Source: Drewry Maritime Research

Low material costs and stable demand has driven the price of new container equipment down to record lows where it is forecast to stay, according to the latest edition of the Container Census report published by global shipping consultancy Drewry.  

Tsuneishi Seeks Foothold in Indonesian Shipyard Business

KEY PACIFICO: Ship manufactured by Tsuneishi. Photo: Tsuneishi Holdings Corporation.

 Japanese shipbuilding and maritime transport company Tsuneishi Holdings  has expressed a commitment to invest up to $40 million to open ship repair services in Indonesia, reports The Jakarta Globe.    The Hiroshima Prefecture-based company plans to invest US$40 million in a

MOL Transports Wheelchairs for Paraguayan Children

Paraguayan Ambassador to Japan Naoyuki Toyotoshi (left) presents MOL President Koichi Muto with a letter of thanks for the company’s transport of used wheelchairs for disabled children in Paraguay.

Mitsui O.S.K. Lines, Ltd. received a letter of appreciation from the Paraguayan Embassy, thanking the company for providing ocean transport of used wheelchairs from Japan to Paraguay, where they were delivered to needy children. This is the second time MOL has teamed up with the Volunteers Group

Balearia Requests US-Cuba Ferry License

Photo courtesy of Balearia

Balearia has requested a license to operate between the U.S. and Cuba from the U.S. Treasury Department, after both countries' announcement of the reestablishment of diplomatic relations. The shipping company is awaiting an official response from the U.S

Gibson to Build 900,000b Crude Storage in Alberta

Canadian oil storage and transport company Gibson Energy Inc said on Monday it is building 900,000 barrels of crude oil storage at its terminal in Hardisty, Alberta, after receiving sufficient support from shippers.   The company will build a 500

Refineries Revolution Spurs Product Supertankers

The rapid growth of mega refineries is prompting a new class of oil products supertankers, mirroring an earlier revolution in crude oil shipping, as traders look for scale that was previously not economically viable. In the early 1970s, ships capable of carrying 2 million barrels of crude oil

Finalists of Hiab's World Crane Championship


  Hiab, part of Cargotec, has selected the finalists who will take part in the first ever World Crane Championships at the Commercial Vehicle Show in Birmingham, United Kingdom, on 14-16 April 2015. The 18 contestants, who have won their places after qualifying through rounds held in 13

Port of Durban to Triple Capacity, Compete with Suez Canal

The Port of Durban (Photo courtesy of the Durban Chamber of Commerce)

  Durban, South Africa's busiest port, has started a project to triple capacity and encourage vessels to skip the Suez Canal and sail around the Cape of Good Hope, Bloomberg reported today.   The excavation project, which will increase the port's capacity from 2

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