Yaskawa Ups Investment in The Switch
Yaskawa Corporation is making a multimillion-euro investment to strengthen the R&D capabilities of The Switch and purchase new equipment at the companyâs factory in Lappeenranta, Finland.The investment will enable drive train testing of up to 15 MW. The Switch will now become Yaskawa Europeanâs Environmental Energy Division, leading the Japanese companyâs global business in the marine, wind and turbo/industryâŠ
Liebherr Records Its Best-ever Turnover
Switzerland based equipment manufacturer Liebherr Group reports its 2017 turnover was the highest in the group's history, with total sales of âŹ9,845 million.The companyâs 2017 revenue increased 9.3 percent compared to the previous year, a trend the group says it believes will continue in 2018.The group posted a net result of âŹ331 million for 2017, an increase of âŹ33 million or 11.1 percent comparedâŠ
La Niña to Transition to Neutral Weather in April-May -U.S. Forecaster
The La Niña weather pattern is likely to transition to ENSO-neutral conditions during the April-May period, a U.S. government weather forecaster said on Thursday. ENSO-neutral refers to those periods in which neither El Niño nor La Niña is present, according to CPC. There is a more than 50 percent chance of ENSO-neutral conditions prevailing through the northern hemisphere summer in 2018, the National Weather Service's Climate Prediction Center (CPC) said in its monthly forecast.
Spain to Sign $2.2 Bln Deal to Sell Warships to Saudi Arabia
Spain and Saudi Arabia were due to sign a framework agreement for the purchase of warships worth more than $2 billion on Thursday, a Spanish Defence Ministry source said.
Maersk Establishes Decomissioning Company
A 50/50 joint venture (JV) between Maersk Drilling and Maersk Supply Service will provide decommissioning services to oil and gas operators. After decades of productionâŠ
DFDS to Buy U.N. Ro-Ro in $1.2 Bln Deal
Danish shipping and logistics company DFDS has agreed to buy Turkish freight shipping operator U.N. Ro-Ro from Turkish private equity firms Actera Group and Esas Holdings for 950 million euros ($1.17 billion) on a debt-free basis. It marks a change of course for the Turkish company, which had planned an initial public offering for up to 57.7 percent of the company, a draft prospectus showed last month. U.N. Ro-Ro operates five freight shipping routes between Turkey, Italy and France.
Baltic Index Rises on Firmer Large Vessel Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, gained on Thursday on higher rates for larger vessel segments.
K Line Accepts Great Ships of 2017 Award
At the Sea Japan exhibition in Tokyo, Toyohisa Nakano, (right) Executive Officer, K Line, accepts a "Great Ship of 2017" award from Maritime Reporter & Engineering News Editor and Associate Publisher Greg Trauthwein. Maritime Reporter & Engineering News is the world's largest circulation b2b publication serving the global maritime industry, and each year it confers its "Great Ship" award to more than a dozen global ship and boat owners.
Bahri Adds New VLCC Khurais
National Shipping Company of Saudi Arabia (Bahri) has taken delivery of Khurais, a very large crude carrier (VLCC), from Korean Hyundai Samho Heavy Industries (HSHI).
Maersk Introduces Shares Plan for Top Executives
Danish A.P. Møller â Mærsk A/S has decided to establish a restricted shares plan for the members of its Executive Board in addition to the stock option plan established in 2017.
Rotterdam Port Calls for North-West Europe Joint CO2 Price
The Port of Rotterdam Authority is calling on the Dutch Government to form a coalition with countries in North-West Europe so that a joint CO2 price can be introduced.
Nairobi Wreck Removal Convention Updated
Hazardous ship wrecks can cause many problems. Depending on its location, a wreck may be a hazard to navigation, potentially endangering other vessels and their crews.
TGS Awards Seismic Survey Contract to Shearwater GeoServices
Shearwater GeoServices, jointly owned by GC Rieber Shipping ASA and Rasmussengruppen AS, has been awarded a new contract by geophysical company TGS. The projectâŠ
DP World Australia Extends Partnership with CMA CGM
DP World Australia announced the signing of a long-term partnership extension regarding service of CMA CGM Group vessels by DP World Australia at its terminals in BrisbaneâŠ
Euroseas Sells its Oldest Bulk Carrier Vessel
Greece-based Euroseas announced the sale of M/V Monica P, a 46,667 dwt vessel, built in 1998, to unaffiliated third party for the gross amount of $6.45 million.
Harry S. Truman Carrier Strike Group Departs on Deployment
The Harry S. Truman Carrier Strike Group (HSTCSG) departed Naval Station Norfolk, April 11, for a regularly scheduled deployment. The strike group, including aircraft carrier USS Harry S.
SAAM to Invest $85 Mln in Fleet and Infrastructure
Chilean maritime services and logistics company SAAM announced its plans to invest some $85 million to reinforce its tug fleet and maintain port equipment and infrastructure.
SE Asian Shipowners Meet in Japan
Tokyo Big Sight Conference Tower hosted the Southeast Asia Maritime Summit yesterday as a part of the Sea Japan 2018 exhibition. The packed conference hall was the stage for executives from five major ship associations -- Indonesian National Shipownersâ Association; Thai Shipownersâ Association; Filipino Shipownersâ Association; Malaysia Shipownersâ Association; and the Singapore Shipping AssociationâŠ
Apply Now for the MN 100
Each year the August edition of Marine News magazine, the leading voice in the North American workboat market, features the very best 100 leaders and innovators, including workboat owners and operators, builders, OEMs and repairers, and product and service providers.This year's MN100 edition application portal is live and open. Participation is free, but to be considered you must apply at http://mn100.maritimemagazine.com/.
Paul Allenâs Crew Finds Another Historic Shipwreck
The USS Helena (CL 50) is the latest in a string of historic shipwrecks discovered by Paul G. Allenâs expedition crew aboard the state-of-the-art research vessel Petrel.The U.S. Navy's storied St. Louis-class light cruiser began her World War II service at Pearl Harbor and took part in three significant battles during the Solomon Islands campaign before being sunk by Japanese torpedoes on July 6, 1943, during the Battle of Kula Gulf.
