French oil and gas company Total has signed a deal with Chinese state-owned Zhejiang Energy Group (ZEG) to create a joint venture company to supply and delivery marine fuels in the Chinese region of Zhoushan.Total China Investment (TCI) will…
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced the repayment of its Term Loan B on October 18, 2019.The tanker shipping company said that the outstanding balance of the Term Loan B was USD 196.8 million at June 30…
The US-based Taronis Fuels will be launching its first-ever production facility in Western Europe in the port of Amsterdam. The new site will be dedicated to the production of bio-based welding gas, a fuel type commonly used in the construction and shipbuilding industries…
Teekay LNG’s 50/50 joint venture with China LNG, which owns four on-the-water ARC7 LNG carriers and two ARC7 LNG carrier newbuildings, is also no longer classified as a “blocked person” under Office of Foreign Assets Control (OFAC) rules.According…
Essar Ports, India's second-largest, private-sector port and terminal company by capacity and throughput, posted a record 20 per cent cargo growth in April-September period of the ongoing financial year (ending March 31, 2020) with a throughput of 27…
The data analytics duo Yxney Maritime and Grieg Connect are partnering with the Norwegian NOx Fund to develop a data-driven digital solution for automated NOx emissions reporting. Solstad Offshore and ferry operator Fjord1 will participate in the pilot phase of the project…
The region’s largest pump distributor and one of the few remaining British pump manufacturers – Tomlinson Hall – has paid recognition to its long serving staff as it celebrates 100 years in business.Based in Billingham, impressively almost 65%…
Logixboard, the digital partner for freight forwarders, has announced it raised a $4.2 million seed round to expand its platform and fuel product innovation. Social Leverage led the round, with participation from F-Prime Capital, Founders' Co-op…
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) and Royal Caribbean Cruises Ltd. (NYSE: RCL) signed a memorandum of understanding (MOU) with the government of Saint Lucia to form a joint venture to manage the existing cruise pier and terminal facilities in Saint Lucia…
Refineries at Port Dickson on Peninsular Malaysia's west coast are unable to receive crude oil after a port facility that carries crude from the ships to the plants broke down.A system known as a single point mooring (SPM) unit, a loading buoy…
Damen recently delivered a pair of FCS 3307 high-spec patrol vessels to be operated by Homeland Integrated Offshore Services (Homeland IOS Ltd) in Nigeria, and now the boats are being prepared for their assignments. The boats will be deployed…
The Port of Rotterdam announced a 1% rise in cargo handing, after it handled 112.4 million tonnes of freight, meaning that the total of 353.5 million tonnes were transmitted up to the end of the third quarter.Volume growth was mainly driven by containers…
German-Spanish wind turbine manufacturing giant Siemens Gamesa Renewable Energy (SGRE) has agreed a $225m deal to buy 8.9GW of the European onshore service business of embattled Germany-based rival Senvion along with its smaller rival’s blade factory in Portugal…
A proposed “Blue Fund” to help combat illicit ship pollution in the Mediterranean is set to be studied by States and stakeholders working to protect the Mediterranean marine environment.According to a press note from International Maritime Organization (IMO)…
The National University of Singapore's Faculty of Engineering (NUS), Singapore LNG Corporation (SLNG) and Keppel Data Centers Holdings join forces to develop new energy-efficient cooling technology for data centers.This innovation could further…