Maritime Industry Top News
Telenor's Ka-band to Service 200 Terminals
Telenor Satellite has announced that its Ka-band satellite capacity packages for land-based services in the Middle East have surpassed initial expectations, reaching…
US-flag Lakers Cargo Movements Up in April
U.S.-flag Great Lakes freighters (lakers) moved 7.3 million tons of cargo in April, an increase of 9.7 percent compared to a year ago and 7 percent above the month’s five-year average…
As Korean Shipyards Founder, Central Bank Dragged into Rescue Bid
They are South Korea's "too-big-to-fail" firms - the world's largest shipbuilders that are both a massive economic force and an important national symbol - and the…
NOC Cancels Two Oil Cargoes in Dispute with East
Libya's National Oil Corporation (NOC) based in Tripoli said on Thursday it had cancelled two oil cargoes from its May export program because a rival NOC in the…
ABB Azipods Selected for First Chinese-built Icebreaker
ABB’s Azipod propulsion system will power a Chinese polar science research icebreaker, the first vessel of its type to be built in China. The Polar Research Institute of China ship will be fitted with two Azipod VI units with combined power of 15 MWs. Azipod features a built-in high-efficiency AC motor and fixed-pitch propeller mounted directly on the motor shaft. While mechanical thrusters have complex transmission with gears and shafts…
Hydro Strengthens APAC Presence
Aberdeen-headquarted subsea cable and connector specialist Hydro Group plc announces multiple Asia Pacific Business Partner agreements as the firm continues strategic growth in the region.
Cyberhawk Lands in Portuguese Market
Cyberhawk Innovations continues to bolster its international credentials through a new partnership with Portugal’s leading engineering service provider and contractor…
First Damen Tug for Peru
Launching the business relationship between the two companies, Ian Taylor Peru has signed a contract with Damen Shipyards Group for an ASD Tug 2810. The vessel’s…
BMT Awarded LNG Engineering For Côte d’Ivoire
BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, has been appointed Owners Engineer and lead design consultant by Endeavor Energy, for the development of the…
Vard Back in the Black
Presenting its financial results for the first quarter ended 31 March 2016 today Vard Holdings Limited announced a net profit of NOK 43 million for the period, as…
Vard Secures Topaz 15 vessel Contract
Vard Holdings Limited secured a contract for the design and construction of 15 Module Carrier Vessels for Topaz Energy and Marine. The vessels, of VARD 9 21 design…
PortFresh Expanding Savannah Port's Chilled Cargo Capacity
A new Georgia-based company called PortFresh Logistics has announced plans to build a 100,000 square-foot cold treatment facility dedicated to perishable cargoes imported through the Port of Savannah.
Oil-hungry Bacteria Could Clean Up Next Big Oil Spill
Heriot-Watt scientists have cracked the genetic code of the marine bacteria which helped ‘eat’ the oil spilled in the Deepwater Horizon disaster, information which…
Brexit: The Implications for Shipping
“Brexit” is the notion that the United Kingdom would leave the European Union. What would be the impact of Brexit on the shipping sector? Dr Vincent Power, EU & Competition Partner…
Chemical Shipping Freight Rates to Remain Firm
Chemical tanker shipping freight rates are expected to remain firm over the medium term, thanks to rising production capacity in key exporting countries, according…
HHIC Seals Deal with Creditors
Cash-strapped South Korean shipbuilder Hanjin Heavy Industries & Construction (HHIC) has signed a memorandum of understanding (MOU) with its creditors to receive a KRW 120bn ($103m) cash injection…
CMA CGM Stake in NOL Edges Past 10%
French container shipping giant CMA CGM now owns 10.07% of its takeover target Singapore's Neptune Orient Lines (NOL) as open share buys continue on a near daily basis.
Cosco Pacific to Buy a 35% Stake in Euromax Terminal Rotterdam
China’s Cosco Pacific Ltd. will buy 35 percent of Euromax Terminal Rotterdam BV for 125.4 million euros ($143 million) for shares and loans amid an overseas expansion drive by Chinese companies.
Safmarine Moves HQ to SA
International container carrier focused on trade to and from Africa, West and Central Asia, Safmarine will move its head office to Cape Town, South Africa, thereby returning to its roots.
IMO Workshop Addresses Antifouling Systems
Flag state and port state roles in ratifying, implementing and enforcing the convention prohibiting the use of harmful antifouling systems on ships (AFS Convention) are on the agenda at a regional workshop held in Jeddah, Saudi Arabia, May 10-11. The workshop sought to increase awareness of government officials and other stakeholders on the benefits and implications of ratifying, implementing and enforcing the Convention.
