Norway's Klaveness Combination Carriers (KCC) has raised 350 million Norwegian crowns in a private share placement, valuing the shipping firm at 2.27 billion crowns ($259.57 million) ahead of an Oslo stock market listing on May 22.Following the successful private placement…
Taiwanese shipping company Yang Ming Marine Transport Corp. will form a new subsidiary with partners in Jakarta Indonesia named PT Yang Ming Shipping Indonesia Today (16th May 2019).PT Yang Ming Shipping Indonesia will have branch offices at Surabaya…
Svitzer intends to sell its Portuguese marine operations to Pioneiro do Rio, Serviços Maritimos, Lda., a company which has Rui Cruz, the current managing director of Svitzer Portugal, among its owners.The operation in Portugal has faced declining…
With the release of Optimum Survey Planning (OSP) Bureau Veritas continues to develop more efficient tools to support classification and statutory surveys and audits. The new application moves planning of surveys from a reactive to a proactive approach…
The Houston Ship Channel reopened on Wednesday to two-way traffic after salvage crews removed two gasoline barges damaged in a weekend collision with a deep-draft vessel, officials said.About 11,280 barrels of gasoline spilled into the channel near Bayport…
An industrial accident on Wednesday, May 15 at a Port of Los Angeles container terminal tragically took the life of an International Longshore and Warehouse Union (ILWU) worker and seriously injured a second worker. The incident occurred at approximately 7:25 a…
Connecticut Port Authority and Governor Lamont announced $93 million public-private investment in State Pier to develop Connecticut into the center of New England’s offshore wind industry.May 2, 2019 was a historic day for job creation and economic growth across southeastern Connecticut…
Asuka II, operated by NYK Cruises Co. Ltd., will undergo a 45-day makeover at the Sembcorp Marine Admiralty Yard in Singapore from the middle of January 2020. Asuka II is the nation’s largest cruise ship flying the Japanese flag (tonnage: 50…
On May 14, a naming ceremony was held at the Nagasaki shipyard of Mitsubishi Heavy Industries Ltd. for a new liquefied natural gas (LNG) carrier that NYK and JERA Co. will jointly own. The ceremony was attended by Satoshi Onoda, president of JERA Co…
A new IMO video puts the spotlight on how an IMO/EU initiative is helping cut maritime emissions in the Solomon Islands as part of a global project to help tackle climate change.When the solar-powered LED lights go on at night in the port of Honiara…
Norwegian expedition cruise operator Hurtigruten has partnered with the Norwegian startup Brim Explorer, introducing battery powered catamarans custom built for Polar water exploration.Debuting in the spring of 2020, the 24-meter vessel will…
Germany’s Schulte Group has launched a venture capital unit - INNOPORT - to identify investment opportunities in the global maritime start-up eco-system.The INNOPORT team, based in Hamburg, Limassol and Singapore, is headed by Yiannis Sykas…
Offshore helicopter services provider Bristow Group filed for chapter 11 bankruptcy protection after reaching a deal with senior bondholders on a plan to slash its debt load.The struggling Houston-based helicopter operator for offshore oil and…
After buying several container factories from its smaller competitor Singapore-based shipping company Pacific International Lines (PIL), China’s Cosco Shipping Holdings Co. is eyeing it as a potential takeover target.The Chinese state-run ocean…
The Singapore-based family-owned shipping company Pacific International Lines (PIL) announced that PIL will be enhancing our Transpacific service by offering direct services from Vietnam to the U.S West Coast, with effect from end April 2019…