German-Spanish wind turbine manufacturing giant Siemens Gamesa Renewable Energy (SGRE) has agreed a $225m deal to buy 8.9GW of the European onshore service business of embattled Germany-based rival Senvion along with its smaller rival’s blade factory in Portugal…
A proposed “Blue Fund” to help combat illicit ship pollution in the Mediterranean is set to be studied by States and stakeholders working to protect the Mediterranean marine environment.According to a press note from International Maritime Organization (IMO)…
The National University of Singapore's Faculty of Engineering (NUS), Singapore LNG Corporation (SLNG) and Keppel Data Centers Holdings join forces to develop new energy-efficient cooling technology for data centers.This innovation could further…
Clean Arctic Alliance has welcome MSC Mediterranean Shipping Company's decision to avoid Arctic shipping route as a new short cut between northern Europe and Asia.Clean Arctic Alliance lead advisor Dr Sian Prior was responding to the announcement…
Hindsight, they say is 20/20, and in this regard renowned design house Gibbs & Cox has nine decades in the rear view mirror on which to lean. We recently caught up with Chris Deegan, President and CEO of Gibbs & Cox, celebrating its 90th anniversary in 2019…
Danish shipping company A.P. Moller-Maersk adjusted its expectations for its 2019 profit upwards on Monday following lower fuel prices and capacity management in the third quarter.Maersk said it expects earnings before interest, taxes, depreciation and amortisation (EBITDA) in the range of $5…
Global ports operator DP World has struggled to borrow from banks to finance new investments since a port it partially owns in Djibouti was seized by the government there in 2018, its chairman said on Monday.'We are investing but it is costing us more…
On Friday, BunkerTrace, the unique blockchain and DNA- based fuels tracking solution, announced its commercial launch shortly after a successful trial in the Netherlands on Thursday, October 3, which was conducted in partnership with Cooperative Bebeka…
Two large-capacity Sovcomflot tankers using cleaner-burning LNG as a primary fuel, Mendeleev Prospect and Lomonosov Prospect, have successfully completed their respective voyages eastbound along the Northern Sea Route (NSR).Lomonosov Prospect has reached Cape Dezhnev…
CMA CGM launches SHIPFIN Trade Finance, its new range of import and export financing solutions.An innovative offering of simple, reliable and rapid financial services;Two complementary solutions for importers and exporters: Supply Chain Financing and Cargo Financing…
NYK’s two future concept ships — NYK Super Eco Ship 2030 and NYK Super Eco Ship 2050 — were recently displayed for a few months at the Yokohama Port Museum, where NYK also sponsored a talk to introduce children to insightful aspects of life aboard ships and as a seafarer…
The adoption by the IMO of the International Code for Ships Operating in Polar Waters (Polar Code) makes it mandatory for ships sailing into Artic or Antarctic waters to demonstrate that extra precautions have been taken in relation to safety…
Danish shipping company A.P. Moller-Maersk adjusted its expectations for its 2019 profit upwards on Monday following lower fuel prices and capacity management in the third quarter.Maersk said it expects earnings before interest, taxes, depreciation and amortisation (EBITDA) in the range of $5…
As day-to-day operations at sea become ever more reliant on information and communication technology (ICT), mobile satellite communications company Inmarsat has published a practical guide to help ship managers build onboard networks that are resilient and reliable…
Qatari shipping and maritime company Qatar Gas Transport Company (Nakilat) reported a 10.5% year-on-year increase in net profit to QR728mn (USD 200 million) in the first nine months of this year.Nakilat, which has the largest LNG shipping fleet in the world…