New Zealand Port Nelson said that continued growth in cargo volume has contributed to the port's delivering an operating profit of $30.5 million for the 2018/2019 financial year.This is an increase of $3.4 million compared to the $27.1 million reported in 2018…
SunStone Ships oversaw the steel cutting of Ocean Explorer, the fourth Infinity-class vessel in the class, at China Merchants Heavy Industry yard in Haimen.With a goal of marrying European design and quality with Chinese ship-building efficiency…
Wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE) has increased the amount of guarantees that qualify as 'green' to €1.25 billion ($1.4Bln) as they contribute to the United Nations Sustainable Development Goals (SDG).The deal…
China Merchant Heavy Industries (CMHI) held in Haimen a keel-laying ceremony for the Miami-based SunStone Ship's third Infinity-class ship, Ocean Victory.European aesthetic and design, and Chinese ship-building efficiency combine to produce…
A traditional maritime coin ceremony took place at the Fincantieri shipyard in Monfalcone, Italy, when the keel was laid for MSC Seashore. At the milestone event, MSC Cruises revealed details of the significantly transformed overall design and new features of the ship…
Alternative direct lender AURELIUS Finance Company has provided financing to support the buy-out of emergency management and offshore decommissioning company Ardent from co-owners Svitzer, a global towage operator, and Crowley Holdings, a holding…
Some 300 transportation leaders packed a hotel ballroom Tuesday as the Containerization and Intermodal Institute presented its Connie Award to William J. 'Bill' Shea, CEO of Direct ChassisLink Inc. (DCLI). J. Christopher Lytle, recently retired…
Ship pilots stopped moving vessels along the Beaumont, Texas, Ship Channel due to severe weather caused by Tropical Storm Imelda, said the U.S. Coast Guard on Thursday.Imelda, officially downgraded to a tropical depression, dumped 24 inches (61 CM) of rain on east Texas is the past 24 hours…
ABB will install Port of Incheon’s first shore-to-ship power solution, enabling passenger vessels to cut emissions, noise and vibrations at berthABB has secured the contract covering South Korea’s commitment to sustainable shore-to-ship power…
MacGregor, part of Cargotec, has secured orders to provide MacGregor products to a Naval project in Europe and TTS products to a RoRo project in Asia. The total order value is more than $22 million and the contracts include ramps, car deck and lifting platform equipment…
The world's largest oil tanker shipping company Frontline Ltd has declined options to buy four more tankers from Trafigura Marine Logistics (TML) and said that it will keep to buying only 10 tankers.Last month, the Bermuda based company announced…
Indonesian shipping and logistics company Pelita Samudera Shipping (PSS) has bought one bulk carrier from Singapore-based Convivial Navigation Co. Pte.Purchase price of the handysize class MV is USD7.53 million. PSS is settling 20% of the amount in cash and the remaining 80% in PSS shares…
Cosco-owned Hong Kong containerline Orient Overseas (International) Limited (OOIL) said its chief executive Huang Xiaowen has resigned and Wang Haimin will succeed him.Executive director Zhang Wei has also resigned. OOIL said Huang and Zhang resigned due to 'work commitments…
American Ethane Company (AEC) is collaborating with ABS, the global provider of classification and technical advisory services to the marine and offshore industries, on a next generation fleet of Ultra Large Ethane Carriers (ULEC).ABS is actively supporting AEC and its shipping project partners…
Saudi Arabia's oil and gas giant Saudi Aramco announced that it will fully restore its production capacity by the end of September, in light of the Saturday's drone attacks that caused disruptions on around half of the country's oil capacity…