Finland-based integrated gas company Gasum takes steps forward in its growth strategy by acquiring AGA’s Clean Energy business and Nauticor’s Marine Bunkering business from Linde AG.'These acquisitions will enhance the development of the Nordic…
Chinese energy giant China Petroleum & Chemical Corporation (Sinopec) is planning to build a fleet of 100 barges over the next three years as part of its mission to become a major regional supplier of the IMO 2020-compliant very low sulphur fuel oil (VLSFO)…
Hamburger Hafen und Logistik AG, HHLA, the company that operates three out of four of Hamburg’s container terminals, continued its positive performance in the first nine months of 2019.The total revenue was 1.04 billion euros, an increase of 8…
Hapag-Lloyd AG appointed Mark Frese to the Executive Board effective November 25, 2019. On March 1, 2020, he will become the new Chief Financial Officer (CFO), replacing Nicolás Burr.Mark Frese (55) was most recently employed as the Chief Financial Officer of Ceconomy AG…
The tanker market fundamentals are expected to be strong through the upcoming winter months and into 2020 on the back of firm tanker tonne-mile demand, low fleet growth over the next two years, and supportive near-term factors, including the impact of IMO 2020 and geopolitical factors…
China will make a billion-dollar investment in the Brazilian port of Sao Luis via China Communications Construction Company, two sources with direct knowledge of the matter said on Wednesday.Speaking on condition of anonymity, the sources said…
The International Maritime Organization (IMO) greenhouse gas (GHG) strategy signals a true game changing moment for the shipping industry. External pressure was building, but the IMO strategy sets a time line and goals for shipping to tackle one of the great challenges of our time…
Classification society RINA signed an agreement with VRMedia, an augmented and virtual reality company, to boost the development of remote inspection technologies to carry out ship inspections using VRMedia’s Kiber system.Kiber is a wearable…
Huntington Ingalls Industries’ (NYSE: HII) Ingalls Shipbuilding division started fabrication of the U.S. Coast Guard’s newest Legend-class national security cutter (NSC) Calhoun (WMSL 759) . The start of fabrication signifies that the first 100 tons of steel have been cut…
After completing a new stateroom project onboard Carnival Elation during a dry dock in 2017 -- part of the line’s Fun Ship 2.0 ship enhancement program - ALMACO was again tasked with to deliver 30 new staterooms during an upcoming refit at Grand Bahama Shipyard in March 2020…
SQLearn has announced its new partnership with Kyklades Maritime Corporation by providing e-learning services for its entire fleet of 19 vessels via the Dolphin System.The Dolphin System is a web-based e-learning system specifically designed…
Hackers demanded about $5 million in bitcoin from Mexico's Pemex, they told Reuters on Tuesday, saying the state oil firm missed a special discount by not paying immediately after a cyberattack that fouled up the company's systems.The hack, which Pemex said it detected on Sunday…
TORM, a pure play product tanker company and one of the world's leading carriers of refined oil products, expects to install a total of 44 scrubbers and has since the last quarter committed to an additional ten scrubber installations.The new…
UK-based engineering services company Babcock said that its liquefied gas equipment (LGE) arm has netted 26 orders in the LNG and liquefied petroleum gas (LPG) carrier markets so far this year.Having won 16 contracts in the LPG carrier market…
Dubai based logistics giant DP World has signed a memorandum of understanding (MoU) to develop a free economic zone for industry and logistics in Namibia.The port operator said the agreement with Namibia’s Nara Namib Free Economic Industrial…