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August 27, 2016 9:23 AM ET

MV WERFTEN, Foreship Sign Design Agreements

MV WERFTEN signed a letter of intent with the engineering company Foreship in Stralsund today. The agreement includes parts of the basic design as well as design, purchasing and production assistance of the “Endeavor” class luxury expedition yachts. The 20,

August 27, 2016 9:20 AM ET

Rockland Scientific to conduct Victoria Turbulence Observation Retreat

 Building on series of international training workshops in Brazil, Chile, France, Poland, Vietnam and the UK, Rockland Scientific brings the next turbulence measurement event to its Canadian headquarters.  The 2016 Victoria Turbulence Observation Retreat,

August 27, 2016 9:19 AM ET

NParks, Keppel in S$2.08 mln Partnership for Restoring Singapore Forest Wetlands

The National Parks Board (NParks) and Keppel Corporation today unveiled plans for a partnership to restore the freshwater forest wetland ecosystem historically found in the vicinity of the Singapore Botanic Gardens. Located in the upcoming Learning Forest extension, the restored 1.

August 27, 2016 9:15 AM ET

Zumaia Offshore Acqires MPP Workboat Aitana B

In April 2016 Zumaia Offshore, S.L., leading workboat owner and operator based in the Basque Country, took delivery of the Cummins-powered MPP workboat “Aitana B” from Neptune Shipyards in the Netherlands. At 27 by 12-meters with a three-meter draft

August 27, 2016 2:50 AM ET

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

 BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.   The Big 3 oil companies have told state lawmakers that the proposal on the table to pipe,

August 27, 2016 2:50 AM ET

Skaugen Goes to Red Again

 Norwegian Marine Transportation Service Company I.M. Skaugen SE reported interim losses but cautiously positive and expecting a gradual recovery of trading opportunities for long routes the petrochemical market.   The gas carrier owner reported profit before and after tax of minus $ 5.

August 27, 2016 2:49 AM ET

Kongsberg Performs Well in Q2

 Norwegian defence and marine technology company Kongsberg Gruppen's second quarter 2016 (Q2) financial results shows sales performance broadly in line with recent trends, but strong growth in earnings.   Kongsberg had operating revenues of 4.13 billion Norwegian crowns ($502.

August 27, 2016 2:49 AM ET

How Rapid is the Fleet Growth?

 During July 2016, the containership fleet reached a landmark 20 million TEU in terms of aggregate capacity, says Clarksons Research.   To many it only seems like yesterday when the boxship fleet passed the 10 million TEU mark, back in April 2007.

August 27, 2016 2:48 AM ET

Maersk Line's Innovative Smart Reefers

 Have you heard about Maersk Line's smart reefers that can listen and talk? Cutting edge technology that reduces risk in customer supply chain, claims Maersk Line.   "We’re always looking for ways to improve cargo care on behalf of our customers. As the world’s biggest container shipping company,

August 27, 2016 2:48 AM ET

Hapag-Lloyd Shareholders Okays Merger with UASC

 Hamburg-based ocean carrier Hapag-Lloyd said its shareholders approved all items on the agenda at Annual General Meeting, mainly the  share capital increase needed for combination with United Arab Shipping Co (UASC).   "The main matter regarded creating

August 27, 2016 2:47 AM ET

Onshore Spending on the Cusp of Recovery?

 DW’s recently released quarterly World Oilfield Services Market Forecast (OFS) and World Oilfield Equipment Market Forecast (OFE) continue to suggest 2016 will see the start of a barren period for the offshore OFS and OFE sectors.   In line with previous editions of the report,

August 26, 2016 12:21 PM ET

White House: Iranian Ships' Actions in Gulf Increase Risk of Miscalculation

Actions by Iranian vessels in several encounters with U.S. warships in the Gulf this week are cause for concern and increase risks of miscalculation, the White House said on Friday.   The intentions of the Iranian vessels in the incidents is not clear,

August 26, 2016 11:05 AM ET

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies have worked together in ship insurance and ship brokerage. These partnerships are to be intensified

August 26, 2016 10:31 AM ET

C-Job Designs Flettner Freighter for Switijnk

The Dutch shipping company family Switijnk has contracted C-Job Naval Architects to develop a Rotor Sail-equipped design to meet their specific loading and sailing profile. The contract follows the substantial media attention for the 4,500 DWT Flettner

August 26, 2016 8:45 AM ET

Yangzijiang Shipbuilding to Slash 2,000 More Jobs

Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up efforts to cut costs as new vessel orders slide amid a volatile global economy. The Singapore-listed firm,

August 26, 2016 8:37 AM ET

Australia Warns DCNS after Security Breach

Australian defence officials warned French naval contractor DCNS to beef up security in Australia, where it is preparing to build a A$50 billion ($38.13 billion) fleet of submarines, in the wake of a massive data leak, a government spokesman said on Friday.

August 26, 2016 8:26 AM ET

Vitol's Malaysia Terminal Suspends Ops after Spill

VTTI, the storage unit of world's largest oil trader Vitol, has suspended operations at its terminal in southern Malaysia following an oil spill, two industry sources said on Friday. An accident with coastal tanker Trident Star caused the oil spill on Wednesday, they said.

August 26, 2016 8:15 AM ET

Hapag-Lloyd: UASC Merger Benefits to show in 2017

German container shipping line Hapag-Lloyd expects to reap a third of targeted annual synergies of $400 million from the planned merger with Arab rival UASC already next year, chief executive Rolf Habben Jansen told investors on Friday. Addressing

August 26, 2016 8:03 AM ET

Danish Maritime Authority Supports Maritime Cultural Days

The Danish Maritime Authority's buoy tender ’POUL LØWENØRN’ will be alongside in Korsør in connection with the Maritime Cultural Days. The vessel will be open to visitors throughout Saturday, 27 August. Safety of navigation is at the centre of the Maritime Cultural Days,

August 26, 2016 7:59 AM ET

ABS Makes it Safer to ‘Walk to Work’

ABS announced the publication of The ABS Guide for Certification of Offshore Access Gangways. The new Guide addresses certification for safety systems used for “walk to work” (W2W) crew transfers. “As advanced crew transfer options become the norm in the offshore oil and gas industry,



 
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