Princess Cruises, the operator of two coronavirus-stricken ships, said on Thursday it would suspend global operations of its 18 cruise ships for two months, sending shares of its parent company Carnival Corp down 22% in premarket trading.The…
Reygar announced that its BareFLEET remote monitoring system is now in use on 100 vessels worldwide. The growth is in step with a general migration to digital solutions across the maritime sector, and the milestone is punctuated as Reygar expands…
The International Maritime Organization (IMO) has closed its headquarters in London as a precautionary measure due to the coronavirus outbreak, the United Nations' shipping agency said on Thursday.The IMO said the move follows an assessment on Wednesday by the World Health Organization…
The cost to transport oil on supertankers soared on Thursday as major producers scrambled to secure vessels to ship more crude in a bid to regain market share and buyers took advantage of plunging oil prices.Freight charges to ship oil in very large crude carriers (VLCCs) from the Middle East…
Fincantieri risks an EU antitrust veto against its bid for Chantiers de l'Atlantique because of the difficulty of addressing regulators' concerns, people familiar with the matter said, in what would be a setback to Italy's industrial ambitions…
Even before the effects of the coronavirus, the ‘Phase One’ agreement between China and the US failed to boost volumes of the implicated goods in January. In fact, exports of the manufactured, agricultural and energy goods included in the deal were down 26% from January 2017…
Risk Intelligence provides security data, information, analysis and assessment to enable safe navigation in areas of risk in an increasingly uncertain worldSince its founding in 2001, Denmark-headquartered security information specialist Risk…
Dubai state controlled port operator DP World's revenue grew 36.1% in 2019, but it says the near-term outlook remains “a cause for concern” due to global trade disputes and the coronavirus outbreak.DP World, one of the world’s largest port operators…
The Port of Seattle announced Wednesday that it has canceled two cruise ship calls to help curb the spread of the novel coronoavirus.“This region is in a public health emergency and we will cancel the first two sailings of our cruise season…
High levels of occupancy during the first two months of 2020 and strong forward bookings are sustaining momentum for Gibdock, following a surge in demand for the Gibraltar repair yard in the last quarter of 2019.One standout project involving…
The provider of marine transportation of dry bulk commodities Scorpio Bulkers has entered into agreements with unaffiliated third parties to sell two ultramaxes and one kamsarmax for about $53.5 million in aggregate.The vessels are the SBI Jaguar and SBI Taurus…
Danish Maritime Authority (DMA) announced that two new deputy director generals joined its the Executive Board.The new deputy director generals are Rikke Wetter Olufsen and Niels Wammen-Jensen. They both come from director positions within DMA…
Renewables recruitment outfit ERSG has opened an office in Tokyo, Japan and has appointed Samuel Griffiths as country manager.Samuel has lived in Tokyo for 20 years and has been recruiting in the Japanese market for more than 15 years, he is therefore ideally placed to head up their Tokyo office…
Motor-Services Hugo Stamp, Inc. (MSHS) a provider of diesel engine products and services, has entered into a definitive acquisition agreement with TurboUSA, Inc., a provider of maintenance and repair services for turbochargers. The acquisition became effective on February 20…
Golar LNG said on Tuesday it has appointed Callum Mitchell-Thomson as its new Chief Financial Officer, effective April 20.In October 2019, Golar LNG announced its current CFO, Graham Robjohns, would step down. Robjohns will remain in his current position until April 20…