Maritime Industry Top News
UK Shipping Tech to be Worth USD 16.5 bln by 2030
UK shipping technology sector will grow to become a GBP 12.8 billion (USD 16.5 bln ) market by 2030 from the current level of GBP 3.7 billion, revealed a study.A…
UK's PD Ports Rolls-out Second Teesport Rail Link to Scotland
Middlesbrough, UK headquartered PD Ports has launched a second rail service connecting Teesport direct with Scotland opening up further opportunities to connect…
India, Bangladesh to Improve Inland Water Transportation
India and Bangladesh discussed various issues pertaining to the protocol arrangements and improvement of inland water transportation between the two countries in…
Modest Tree to Provide Virtual Reality Training for MAN
MAN Energy Solutions has selected Nova Scotia-based simulation and training software developer, Modest Tree, to develop a virtual reality training solution for the…
Oil and Gas Demand to Peak in 2023 and 2034: DNV GL
The oil and gas demand will peak in 2023 and 2034, respectively, according to DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050However…
Ship Financiers Toughen Stance on CO2 Emissions
Leading shipping finance banks have joined industry players in support of faster action to cut carbon emissions by the sector.In April, the United Nations shipping agency reached an agreement to reduce CO2 emissions by at least 50 percent by 2050 compared with 2008 levels, which fell short of more ambitious targets.The UN's International Maritime Organization (IMO) is meeting in London this week to work on an initial strategy on cutting greenhouse gas emissions.In the meantime…
Weilbach Enable Secure Navigation Data for Navy Vessels
Protecting navigation data from digital attacks is vital in the military marine segment when conducting navy operations. To provide navy vessels with secure and reliable navigation data, Danish supplier of nautical charts Weilbach has developed their digital solutions to offer a complete service.“When navigation software integrations come from different suppliers, the risk of hacking, cyber-attacks and errors can increase.
IRClass Boost Presence in Middle East & Africa
Indian Register of Shipping (IRClass), a leading international classification society, plans to further expand its operations into the Middle East and Africa (MEA) region with new offices in Saudi Arabia, Qatar, Egypt, Lebanon and Nigeria.The expansion plan underlines its commitment towards the growing number of customers from this region and enhances the classification society’s proximity to flag administrations…
Ship Deliveries, Contracts Drive GD's Q3 Spike
While General Dynamics (GD) is diverse, several significant shipbuilding projects helped to drive Q3 2018 earnings up 13.1% GD reported third-quarter 2018 earnings…
Peel Ports Signs 12-year Deal with Asco
Peel Ports and offshore services firm ASCO have joined forces in a long-term strategic partnership aimed at supporting the energy sector in Great Yarmouth and promoting…
Blackstone Energy Partners Acquires Ulterra Drilling Technologies
Blackstone Energy Partners announced today that it has entered into binding agreements to acquire a controlling, majority interest in Ulterra Drilling Technologies…
IEA Calls for Enhancing Global Natural Gas Security
The evolution of the global natural gas market, which has been driven by the growth in liquefied natural gas (LNG) demand, continues to change the relationship between buyers and sellers…
Blue Water Energy Partners with Apex International Energy
Apex International Energy announced that affiliates of Blue Water Energy (BWE) have agreed to partner with Apex and join the existing investors: Warburg Pincus LLC…
French, Italian Pact on Naval Co-operation Venture
The French and Italian governments announced their intention to facilitate the creation of a more efficient and competitive European shipbuilding industry and to…
Richard Branson Resigns as Chairman of Virgin Hyperloop
Sir Richard Branson has stepped down from his role as chairman of Virgin Hyperloop One, saying the company "needs a more hands-on chairman."DP World statement said…
Eagle Bulk Shipping Adds Hamburg Eagle to its Fleet
The owner-operator in the Supramax/Ultramax segment Eagle Bulk Shipping announced that it has taken delivery of its newly acquired vessel, the M/V Hamburg Eagle…
Diana Shipping Extends TC for m/v Electra with Uniper
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Uniper Global Commodities SE…
Jaxport Breaks Cruise Passenger Record
The Jacksonville Port Authority (Jaxport) served a record number of cruise passengers during the past year, with 199,899 passengers setting sail from Jacksonville.
Star Bulk Carriers Announces Financing Update
Star Bulk Carriers announced that it has repaid to its lenders all outstanding deferred debt amounts originating from the September 2016 restructuring of its finance…
One-on-One with Suzanne Beckstoffer
One-on-one with Suzanne Beckstoffer, an accomplished engineering leader and business woman, the first woman president in SNAME’s 125 year history.As the Society of Naval Architects and Marine Engineers (SNAME) celebrates its 125th anniversary in 2018, it will celebrate another historical milestone at the start of 2019 when Suzanne M. Beckstoffer takes the helm of SNAME as president, the first woman to hold this position in the association’s history.
