MAN’s Subsea Compressors Reach Field Proven Status
Both subsea compression trains at Statoil’s Åsgard field have achieved more than 25,000 operation hours with an availability close to 100 percent. The world’s first…
Port of Incheon Volume to Reach 3.08 million TEU in 2017
The Container Handing Volume by the Republic of Korea's Port of Incheon is expected to reach 3.08 million TEU in 2017, said a company release. On August 3, the…
Vopak Expands Pengerang Terminal
Royal Vopak and its joint venture partners intend to expand their independent storage terminal, Pengerang Independent Terminals Sdn Bhd (PITSB) in Pengerang, Johor in southern Malaysia.
Global FLNG Capex to Total USD 37.6bln
Global Capex on FLNG facilities is set to grow at a 9% CAGR over the 2018-2023 period, with expenditure forecast to total $37.6bn, said Douglas-Westwood report.
IPA Opens New Container Route
Incheon Port Authority (IPA) announced that a regular container route ‘Thailand-Vietnam Services (TVX)’ launched by five shipping companies – Namsung Shipping, Dongjin Shipping…
TEAM Sells Two Vessels in Q2
Team Tankers International Ltd. (TEAM) said that the company has agreed to sell the Tour Margaux (8,674 dwt, built 1993). The transaction closed and the ship was delivered to the buyer in July.
CMA CGM Hires Diana Containerships' Domingo
Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, announced that, through a separate wholly-owned subsidiary…
TEN Get Charter for Two Suezmaxes
Tanker operator Tsakos Energy Navigation (TEN) announced the expansion of its long term strategic alliance with a major US oil concern. Two suezmax vessels have been chartered for three years…
MAN D&T, AKA Partner to Win Russian Order
MAN Diesel & Turbo and AKA have received an order in connection with the building of a multi-purpose supply vessel for a federal Russian agency. Delivery is scheduled for March 2018 in St. Petersburg and marks the first successful collaboration between the two partners since MAN Diesel & Turbo bought a 40% share in AKA – the electric-and-hybrid-systems company – in June 2017. the drive control and power-management systems.
Coin Ceremony for Mexican Navy Newbuild
On Thursday, August 17, the Secretary of the Mexican Navy, Admiral Vidal Francisco Soberón Sanz, took part in a symbolic coin ceremony at Damen Schelde Naval Shipbuilding…
U.S. Navy Punishes Senior Staff in Deadly Warship Collision
Commanders of U.S. warship removed after cargo ship collision; seven sailors killed in June collision. The U.S. Navy has removed the two senior officers and the senior enlisted sailor on a U.S.
Asia Tankers-VLCC Rates to Remain Low on Tonnage Glut
Around 90 ships charter free for early September loading. Freight rates for very large crude carriers (VLCCs) on Asian routes will remain under pressure for at least the next month…