Yang Ming Posts Year-on-year Profit Increase
Yang Ming announced an increase in third quarter profits of 23.4 percent from the same quarter last year. At its board meeting on November 9, the company approved…
Meyer Turku Installs Tallest Crane in the Nordics
In the midst of a €185 million ($215.8 million) shipyard overhaul, Finnish shipbuilder Meyer Turku has unveiled its new 120-meter-tall lifting crane named Goliath. The Kone Cranes built crane has a 2,500 ton main beam and was put into use over the weekend. “This new high tech crane is an essential part of the ramp up of our production. With a stable order book reaching to 2024 and with increasingly large cruise ships to build, we really need to shorten our lead time.
CNPC, Cheniere Pact for LNG
China’s state-owned oil company, China National Petroleum Corporation (CNPC), and U.S. independent energy company Cheniere Energy have signed a Memorandum of Understanding (MoU) for long-term sales and purchases of liquefied natural gas (LNG), Reuters reported. The report quoted U.S. State Department saying that the deal between the two companies was signed during president Trump’s first state visit to China. Neither companies disclosed details of the transaction.
Australian Warships Drill with Republic Of Korea
Across late October and early November, Royal Australian Navy frigates HMA Ships Melbourne and Parramatta visited the Republic of Korea for the biennial maritime anti-submarine warfare exercise HAEDOLI WALLABY. Arriving alongside in Busan, Australian personnel and their Korean Navy counterparts commenced the harbour phase of the exercise, enhancing mutual understanding and cooperation through a series of table-top briefings…
Boskalis Expanding Subsea
Royal Boskalis Westminster N.V. (Boskalis) is set to expand its market position in the area of subsea services, according to its Corporate Business Plan 2017-2019. "In a persistently challenging market there tend to be interesting opportunities for anti-cyclical investments in companies or equipment that will result in Boskalis being well-positioned when end-markets recover again," it says. In mid-August Boskalis acquired subsea survey specialist Gardline…
Teekay’s 1st Arctic LNG Carrier Completes Trial
Teekay LNG Partners said its first icebreaker liquefied natural gas (LNG) carrier newbuild, Eduard Toll, recently completed gas trials. Eduard Toll is Teekay’s first of six 172,000 cubic meter ARC7 LNG carrier newbuildings to be constructed for the Yamal LNG project. The ARC 7 LNG carrier was launched in January this year at the South Korean Daewoo Shipbuilding & Marine Engineering (DSME) shipyard.
Skangas, Titan LNG Sign MoU
Skangas of Norway and Titan LNG based in The Netherlands have signed a Memorandum of Understanding (MoU). The two companies will cooperate on serving marine Liquefied Natural Gas (LNG) customers. For ship operators this agreement will contribute to the overall availability as well as the optimization of LNG deliveries in the wider region. Skangas of Norway and Titan LNG based in The Netherlands have signed a Memorandum of Understanding (MoU).
Oakland Port Okays Seaport Logistics Complex
A long-held vision to revitalize this city’s decommissioned Army base is nearer reality at the Port of Oakland. Port Commissioners have given initial approval to a landmark deal with CenterPoint Properties for a logistics center at the former base. The tentative agreement caps nearly 15 years of planning for the most-anticipated Port growth project ever. Port officials said today that the agreement includes unprecedented commitments to hire local workers.
Iran Shipbuilder Signs MoU With Netherlands’ Damen
Iran’s Arvandan Shipbuilding Company and Netherlands’ Damen Shipyards signed a memorandum of understanding (MoU) for cooperation in shipbuilding industry, reports Trend News Agency. The deal envisages cooperation in manufacturing advanced offshore vessels in Iran, the Iranian company announced in a statement. The cooperation will include technology and the transfer of know-how to Iran while employing domestic capacities in shipbuilding.
Quadrilateral Coalition on the Indo-Pacific
With an eye on China’s activities in the region, India said that the first meeting of its officials with those from the US, Australia and Japan — described as the “quadrilateral” — agreed that a “free, open, prosperous and inclusive Indo-Pacific region serves the long-term interests of all countries in the region and of the world at large”. "Officials from India’s Ministry of External Affairs, Australia’s Department of Foreign Affairs…