Wärtsilä, together with project partners Carnival Maritime and HVCC Hamburg Vessel Coordination Center (HVCC), announced they have implemented and tested a new solution for just-in-time sailing.Together, the partners have achieved the exchange…
German container shipping line Hapag-Lloyd raised its 2019 operating profit by 80% to 811 million euros ($875.47 million) as it earned higher freight rates and cut costs, the Hamburg-based firm reported on Wednesday.'The main drivers of the…
Norwegian Electric System AS (NES) has announced Odd Gunnar Kleppe has stepped down as EVP / general manager.Odd Gunnar Kleppe has worked for NES since March 2018, and has been EVP since March 2019. In his time at NES, he has played an important…
Experienced satellite communications executive will help shipowners apply open standards and cloud connectivity for better visibility of operational dataMaritime IoT start-up Pentonet has appointed Trevor Whitworth as Commercial Director, tasked with expanding the company’s presence globally…
French-based geophysical services company CGG announced that it has completed the wind-down and exit from its land seismic data acquisition business after completing its last land seismic acquisition contract in Tunisia.Following on from the…
Malaysian national oil company Petronas’ subsidiary Petronas LNG Ltd recently signed a 12-year time charter party (TCP) with a Japanese shipowner Kawasaki Kisen Kaisha Ltd (“K” Line) for two midsized new build LNG vessels.According to the statement…
The Canada Pension Plan Investment Board (CPP Investments) has refinanced its minority interest in the 609MW Hohe See and Albatros offshore wind farm complex in the German North Sea.Amsterdam Capital Partners (Amscap) advised CPP Investments on the EUR 510…
GE Renewable Energy has announced that Heiner Markhoff has been named vice-president and CEO of Grid Solutions, effective March 20, 2020.According to a press release, Markhoff has a track record of growth, transformation and operational performance in diverse global businesses…
Performance Shipping announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase a 2007 built Aframax tanker vessel, the M/T FSL Shanghai, from an unaffiliated third party seller for a total purchase price of US$26…
Blank Rome’s maritime attorneys have represented clients in some of the largest maritime casualties in the last 20 years, including the Staten Island Ferry allision with a maintenance pier in New York, the blow out and eventual loss of the Deepwater Horizon drilling rig in the Gulf of Mexico…
James Fisher Marine Services appointed Simon R. James as its new Subsea Operations Director effective February 2020.James joins with more than 25 years’ of experience in the marine, offshore and subsea service sectors, having held director-level roles at DeepOcean…
Inmarsat has announced that it will bring its maritime, aviation and enterprise connectivity solutions to customers based in Saudi Arabia through new partner agreements.The company additionally announced that it has secured new spectrum licences…
German container shipping line Hapag-Lloyd said on Tuesday its business in Asia was 'overall stable,' although the coronavirus outbreak had extended the traditionally slack period around China's Lunar New Year holiday.China's efforts to control…
Costa Rica seizes 5 tons of cocaine bound for Holland in largest ever drug bustPolice in Costa Rica seized more than 5 tons of cocaine bound for the Dutch port of Rotterdam in the country's largest ever drugs bust, officials said.The authorities…
Commercial diving company Subsea Global Solutions (SGS) said it has acquired the commercial diving division of T&T Salvage Asia, Pte Ltd. (TTSA), enhancing SGS’ capabilities in Singapore and strengthening its position in the Asia-Pacific region…