Albwardy Damen Opens Repair Workshop in SOHAR
On February 12 Albwardy Damen entered into an agreement with SOHAR for the opening of a workshop. For the signing, which took place at SOHAR Port and Freezone Head Office in Oman, SOHAR was represented by Mark Geilenkirchen, CEO of SOHAR Port and Albwardy Damen was represented by Ibrahim Mohamed Al Shidi. The agreement will see the installation of a 40-foot workshop container at a service jetty in the Port…
EU Loan Supports Ystad LNG Upgrades
The European Investment Bank (EIB) has signed a SEK 445 million ($45.6 million) loan agreement with the Municipality of Ystad to expand harbor facilities so that new, larger liquefied natural gas (LNG) vessels on the Swinoujscie-Ystad line can access the harbor.The port in the southern-Swedish town is a busy connection point to the Polish Port of Swinoujscie and the Danish island of Bornholm. The project…
Coronavirus Slows China's Belt and Road Push
When President Xi Jinping made his first state visit this year to Myanmar and signed new infrastructure contracts, there was no indication of the obstacle about to trip up China's plan for railways, ports and highways around the world: the coronavirus.Travel restrictions to prevent the spread of the disease, which has now killed more than 1,800 people, have idled much of the world's second-largest…
Golden Ocean Warns on Profit, Supply Chains Due to Coronavirus
Shipping group Golden Ocean warned on Tuesday its profit would be hit by a slowdown in demand due to the coronavirus outbreak in China, sending its shares down more than 3% in early trade.The world's second-biggest economy has seen business activity curtailed in recent weeks as it battles to combat the spread of the virus, pushing down shipping rates for commodities such as coal and iron ore used in…
EU Clears OLT Takeover by SNAM and FSI
The European Commission has approved the acquisition of OLT Offshore LNG Toscana by SNAM and the UK’s First State Investments International (FSI), under the EU merger…
DP World to Delist from Nasdaq Dubai
DP World, one of the world’s largest port operators, is delisting from the Nasdaq Dubai and returning to fully private ownership.According to a press release, the…
MHI Vestas Orders ABB Transformers
MHI Vestas Offshore Wind, the global wind turbine manufacturer, has selected ABB’s Power Grids business to deliver its WindSTAR transformers for the Triton Knoll…
Sembcorp in Offshore R&D Pact with A*Star
The global marine and offshore engineering group Sembcorp Marine and Singapore's Agency for Science, Technology and Research (A*Star) have agreed to deepen their…
Gazprom Neft, Mubadala Sign Tech Pact
Gazprom Neft, is the third largest oil producer in Russia, and Mubadala Petroleum (Abu Dhabi, UAE) have entered into a memorandum of understanding in the field of…
UPS Wins Northern Endeavour Contract
Upstream Production Solutions (UPS), Perth, a wholly owned subsidiary of GR Engineering Services Ltd, has agreed with the Australian Government to provide operations…
Partnership to Make Waterways Climate-Neutral
German energy company E.ON, Rotterdam Port Authority and DeltaPort Niederrheinhäfen are partnering up to create conditions conducive to switching inland shipping…
Keel Laid for Nigerian Navy Landing Craft
Dutch shipbuilding giant Damen Group said that its Damen Shipyards Sharjah (DSS) in the United Arab Emirates held a keel-laying ceremony for a new landing craft…
National Geographic Endurance Completes Sea Trials
Lindblad Expeditions’ National Geographic Endurance successfully completed its first sea trials in Storfjorden, the entrance to Norway’s Geirangerfjord.The next…
Nakilat Posts Record Net Profit of $270M
Doha-listed LNG and LPG carrier owner Qatar Gas Transport Company Ltd (Nakilat) reported a consolidated net profit of QR1,003m (USD $270 million) in 2019, an increase of 12.4 percent…
Wärtsilä to Supply Scrubbers to NCL
European technology giant Wärtsilä will be supplying hybrid scrubber system packages for Norwegian Cruise Line's (NCL) Norwegian Breakaway and Norwegian Getaway.According…
Vroon, Jisco Extend Nautical Aisya AWB Partnership
JISCO Marine and Vroon Offshore Services Singapore have signed a two-year extension agreement for the management of the Accommodation Work Boat (AWB) Nautical Aisya. This renewal will extend the JISCO and VOS Singapore cooperation until at least the end of February 2022, Vroon said Monday.The extension follows a recent contract award to Jisco marine by Brunei Shell Petroleum (BSP) for AWB Nautical Aisya. The new charter started on February 1, 2020.
Obituary: George R. Duclos, 1933-2020
George Raymond Duclos, age 86, died peacefully on February 15, 2020 surrounded by his family. The son of the late Raymond and Albertine (Bertha Chenard) Duclos. Born in 1933 in Fall River, MA, George spent most of his life in Westport, MA spending summers on the Watuppa Pond and moving to the Pond permanently in the 1960's.George is survived by his wife and life-long partner in adventure, Pauline D.
WFW Advises TUI on $1.3Bn Take Over
London-based international law firm Watson Farley & Williams has advised TUI Cruises GmbH on its acquisition of Hapag-Lloyd Cruises from TUI AG for US$1.3bn, excluding…
Chrysaor Backs Mocean Subsea
Mocean Energy, global wave energy player, has teamed up with energy major Chrysaor, subsea energy storage experts EC-OG and AUV specialist Modus in a project to…
Kiel Intros Germany's Largest Shore Power System
The Port of Kiel commissioned Siemens to build Germany’s largest shore power system to date which is capable of supplying two ships simultaneously.With a power of 16 megavolt amperes (MVA)…
