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.
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
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
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
According to a report from AmeInfo.com, 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: AmeInfo.com
According to a blog on the Bulletin Panama (http://thebulletinpanama.com), 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 http://thebulletinpanama.com
Marinteknik Shipbuilders (S) Pte Ltd. established a construction yard in Singapore in 1984. The Yard has built over 30 vessels, with speeds ranging from 18 to 50 knots, for delivery to customers in England, Italy, Malaysia, Brunei, France, Hong Kong and China. It works in association with Marinteknik Design in Sweden which provides design services and undertakes research and development projects for shipbuilders worldwide. A current project is an order of four 36 118 ft
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
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.
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.
SpeedCast International Limited announced that it has been awarded a multiyear contract from Arab Maritime Petroleum Transport Company (AMPTC), a provider of maritime transport services of hydrocarbon substances in the Middle East region. SpeedCast will provide satellite network connectivity
Ruscon, part of the GCS Group, said it is considering doubling the frequency of its weekly fixed day intermodal service from the port of Vostochniy in the Russian Pacific to Moscow. The block train service, with a transit of 11 days, has proved popular with shippers from China and southeast Asia
Market volatility for the petroleum sector provides a backdrop to an evolving Merger & Acquisitions environment for the Offshore Sector. In the 3Q edition of Maritime Professional, this series of articles examined the overall evolution of maritime and offshore M&A activity since 2010
Does piracy off the coast of South-East Asia pose a threat? The answer is yes. Shipping lanes in Southeast Asia, one of the world’s busiest trade routes, have been hit by a “worrying new rise” in piracy. How is maritime piracy threatening South-East Asia and to what
After two sea tours to promote its inboard propulsion system, the latest Volvo Penta IPS trip will chart a new course through the Mediterranean starting May 5 in Palma, Majorca. To highlight the high-seas performance of the Volvo Penta IPS high-performance pod system in marine commercial
Over the past three years, DELO Group, a Russian private transport company, has implemented an investment program, including rail and other adjacent port infrastructure, construction of stevedoring and inland storage terminals for oil products, construction of the KSK grain terminal
Freeman Freeman & Smiley say that its lead trial attorney Robert S. Crowder (assisted by attorneys Russell R. Fisk and John D. Van Ackeren) have celebrated a win with their client, Tesoro Refining & Marketing Company LLC in a lawsuit filed by Plaintiffs North of England Protecting
Online ship intelligence and information service VesselValue.com has launched a series highlighting the world's most expensive active vessels, and this week focuses on the costliest of all: QMAX liquefied natural gas (LNG) carrier Zarga, which prices in at a whopping $221.8 million.
The Port of Hamburg continues record performance handling a total of 72.6 million tons (+ 6.6 percent) in the first six months of 2014. Hamburg’s universal port with 50.7 million tons of predominantly container handling achieves a result of 4
Keppel FELS Limited (Keppel FELS) has delivered its fourth jackup rig, "Dukhan", to Gulf Drilling International Ltd. q.s.c. (GDI) of Qatar nine days ahead of schedule, on budget and with a perfect safety record. “Dukhan” is a high specification rig built to
Last week, engineered heavy lifting and transport company Mammoet lifted a new attraction at the NASA Space Center Houston to a greater height. As thousands of onlookers watched, a 250-foot tall Mammoet crane lifted a 122-foot long space shuttle replica three stories high to its resting place atop
Keppel FELS Limited, a wholly owned subsidiary of Keppel Offshore & Marine, has secured a contract from Gulf Drilling International Ltd. of Qatar to build a repeat high-specification KFELS B Class jackup rig worth US$227 million. As part of the contract
Inlecom Systems Ltd (Inlecom), the transport and logistics research and innovation company, has launched ecoTAURuS, the e-transport solution for real time truck – terminal collaboration and planning of actions. The new service has been designed specifically to speed up and optimize the
As the first Peters & May Pink Lashings shipment leaves Palma for Fort Lauderdale, the global marine transport company is calling all yacht owners to support its campaign to help raise £25,000 for the charity, Breast Cancer Clinical Trials (BCCT).
The Obama administration on Thursday threatened to slap sanctions on anyone buying oil from Islamic State militants in an effort to disrupt what it said was a $1-million-a-day funding source. Islamic State has seized large swaths of Iraq and Syria in a brutal campaign