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Report: SPP Group to Build 15

According to a Reuters report, South Korea's SPP Group ( won new shipbuliding orders for a cumulative 15 ships -- reportedly seven of them bulk carriers -- for $660m.

ISS Palumbo UK Acquires Union Transport

ISS Palumbo UK, part of maritime services provider Inchcape Shipping Services (ISS), has acquired U.K. freight forwarding specialist Union Transport (Newcastle) Ltd.   The merger of the Union Transport business with ISS Palumbo and its worldwide network will enhance the combination of global project freight forwarding and integrated logistics ISS Palumbo offers to its customers, including ENI, SAIPEM and Air Products.  

Aker Finnyards: Negotiations with Employee Reps Concluded

Since the beginning of 2005 Finland's three largest shipyards in Helsinki, Rauma and Turku have been working as one company, the new Aker Finnyards. As a part of the restructuring, negotiations were started on November 9 with the employee representatives to improve the productivity of the yards. The formal negotiations have now been concluded, and the number of employees that will be affected will be approximately 315.

New Leadership at Fugro

Fugro GeoServices announced several recent promotions within the company, including two key management appointments: Ted Hampton, president and Adam Jackson, senior vice president. Mr. Hampton is a licensed geologist and former vice president of the company. He replaces longtime leader Mr. Tom Hamilton, who will retire this spring after nearly 30 years with Fugro. Together, Mr. Hamilton and Mr. Hampton led the formation of Fugro GeoServices in 1999 to provide oil and gas clients in the Gulf

Korea Yards to Build Scorpio LPG Tankships

Image courtesy of Scorpio Tankers

Scorpio Tankers signs agreements with two S. Korea shipyards to construct a minimum of 5 & up to 10 LPG tankships, Scorpio's first venture into this specialised market. Emanuele Lauro, chief executive officer and chairman of the board, commented, "We are excited about our entry into LPG which we have long considered an extension of the product market. With common customers, shipbuilders, and trade lanes, and offsetting seasonal swings

India Govt, Cochin Shipyard Pact on FY17 Growth Targets

Image: Cochin Shipyard Ltd

 Cochin Shipyard Limited (CSL) has entered into a Memorandum of Understanding (MoU)  with the government of India for the ongoing fiscal under which targets agreed are in line with aggressive growth plans of the public sector firm.   "CSL has signed a MoU with the Government of India for the financial year 2016-17," Ministry of Shipping said in a statement.   The Memorandum of Understanding was signed by Shri Rajive Kumar

Port of Brunswick Wins Honda Import Deal

Photo courtesy of Honda

The Georgia Ports Authority has won new import business from Honda. The 2015 Honda Fit, built at the carmaker’s new plant in Celaya, Mexico, is moving into the U.S. through the Port of Brunswick. International Auto Processing (IAP) will handle the cars upon arrival.   “Highlighting the truly global nature of auto manufacturing, a Japanese company building cars in Mexico has chosen Georgia’s deepwater ports as a vital gateway to the U.S

Greencarrier Freight Services Achieves ISO Standards

Georg Skivik Moltu (Photo courtesy: Greencarrier Freight Services)

Greencarrier Freight Services’ business has strengthened its position in the energy and project forwarding markets by achieving management (ISO 9001) and environmental (ISO 14001) certification for its Energy & Project Business Unit. “As a new and relatively small company in the oil and gas and project logistics industries, we have to produce a level of quality, personal service and knowledge that exceeds what the competition is doing,” said Georg Skivik Moltu

Hong Kong Eyes Shipping Boost from China's New Silk Road, Iran

File photo: Maersk Line

Hong Kong's crucial shipping trade is hoping China's overseas infrastructure plan and closer business ties with Iran will enable the city to tackle the downturn in the seaborne sector and tougher competition, officials said.   The global container sector, which transports everything from bananas to iPhones, as well as the dry bulk shipping market hauling commodities including iron ore and coal, is struggling with a glut of ships

Kudos for Norsafe from Australian Navy

Courtesy Norsafe

Norsafe Receives High Praise from Australian Navy Norsafe, global leader in marine life-saving equipment, has received a glowing recommendation from the Australian Navy for the quality of its lifeboat servicing on one of the Navy’s replenishment vessels HMAS Sirius. The work on the HMAS Sirius involved lifeboat overhaul and upgrade plus Non-destructive testing (NDT) inspection and overhaul of the winches and davits.

MSC Takes Trophy for Greenest Ship

Image: Mediterranean Shipping Company

 Mediterranean Shipping Company (MSC) has been acknowledged for its environmental efforts, picking up the top award for Greenest Ship of the Year at the International Green Shipping Awards.   Held this week as part of a summit event in Rotterdam

Edison Chouest to Build 13 Damen Tugs

Image: Damen

Marine transportation provider and the United States’ largest operator of OSVs, Edison Chouest Offshore (ECO), has teamed up with Damen to build 13 heavy duty mooring assistance and escort tugs. The vessels will be built in the U.S. using ECO’s network of five shipyards with support

Shoreham Port, Arcadis win BB Award for Oil Seepage Investigation

Photo BB Awards

The Award, for the ‘Best Scoping or Operation of a Site Investigation’ was presented to Tony Parker, Director of Engineering at Shoreham Port and George Flower, Technical Director at Arcadis at a prestigious awards ceremony in London last week.

Its Official: HMM to Compete wtih MSC for Long Beach Terminal

Photo:  Long Beach Container Terminal LLC

 As Hyundai Merchant Marine (HMM) and Swiss shipping giant  Mediterranean Shipping Company S.A. (MSC)  are expected to enter the takeover battle for the Long Beach Terminal in California, they will aggressively negotiate its price, reports Business Korea.  

White House Sees a Path to Approval of Pacific Trade Deal

Photo: White House

The White House on Monday said it was hopeful it could win congressional approval of the Trans-Pacific Partnership trade pact before President Barack Obama leaves office, and warned that failing to do so would undermine U.S. leadership in the region.

Banks Halt Support for Hanjin

file Image (Credit: Hanjin)

A bankruptcy would be biggest ever for a container shipper. Hanjin Shipping Co's banks are halting support for the South Korean company, its lead creditor said, making it likely the nation's largest shipper is headed for bankruptcy as it is dragged down by a deep global industry downturn.

Vision of the Fjords: 2016 Ship of the Year

Vision of The Fjords (Photo: The Fjords)

 Vision of The Fjords, a futuristic carbon fiber tourist vessel operated by The Fjords DA, has won the Ship of the Year 2016 accolade at SMM in Hamburg.   The 40-meter-long, 399-passenger-capacity hybrid craft, which was completed by Brødrene Aa this summer

Korean Air Approves Loan for Hanjin Shipping

File Photo Hanjin

Korean Air Lines, the biggest shareholder of Hanjin Shipping, has approved a plan to provide a loan of 60 billion won ($54.16 million) to the troubled shipper. The support will be offered on condition of securing Hanjin Shipping's Long Beach Terminal as collateral, Korean Air said.

Wind Propulsion Innovation Award Winners Selected

(Photo: IWSA)

The Wind Propulsion Innovation Awards were created by the International Windship Association (IWSA) to honor the pioneers of technological innovation in wind propulsion striving to support the shipping industry to decarbonizes whilst maintaining commercial and operational performance

Hyundai Heavy, CNH Industrial in Mini Excavator Alliance

Photo: Hyundai Heavy Industries

 Hyundai Heavy Industries (HHI), the world’s largest shipbuilder and a leading construction equipment manufacturer, announced today it enters into an exclusive strategic alliance agreement with CNH Industrial, one of the world's largest capital goods companies

Hanjin Shipping Secures $45 mln to Rescue Stranded Cargo

File Image: A Hanjin boxship underway (Credit: Hanjin)

Parent group transfers $36 mln to troubled shipper. It may cost over $150 mln to unload stranded cargo. The chairman of Hanjin Group transferred 40 billion won ($36 million) to Hanjin Shipping on Tuesday to help unload cargo stranded on the troubled shipper's vessels, a spokesman said

Hanjin Gets $45 Million Credit Line From KDB

Photo: Hanjin Shipping Co

 Korea Development Bank has offered a conditional credit line of 50 billion won ($45 million) to help ease supply-chain disruptions caused by the collapse of Hanjin Shipping Co, says a report in Reuters.   An estimated $14 billion of cargo was trapped on Hanjin ships when the world's

MacGregor's Pusnes Deck Machinery for Vale's New VLOCs

Pusnes - Deck Machinery Photo MacGregor

MacGregor has won Pusnes deck machinery orders for a new series of 400,000 dwt very large ore carriers (VLOCs) under construction at Chinese shipyard, Qingdao Beihai Shipbuilding Heavy Industries. The orders are booked in Cargotec's 2016 third quarter order intake.  

Korea to Inject $2.64 bln into DSME

Photo: Daewoo Shipbuilding & Marine Engineering

 South Korea's state-run banks are expected to raise more than 3 trillion won (US$2.64 billion) to prevent Daewoo Shipbuilding and Marine Engineering (DSME) from being delisted, reports Korea Herald.   Korea Development Bank and the Export-Import Bank of Korea are planning to raise

Rolls-Royce Wins Deal to Power USN TAO

Rolls-Royce won a contract to supply diesel generators, propellers and shaft lines for the US Navy’s new fleet replenishment oiler ships, the John Lewis Class. Planned to total 17 ships, the new John Lewis class (previously known as TAO – X) will increase the US Navy’s capability

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