The Danish maritime service company VMS Group A/S expands into West Africa opening a workshop in Walvis Bay, Namibia. A favorable location combined with a rapidly growing offshore market and fishing fleet creates huge potential for a strong…
Thuraya has responded to strong demand from the maritime sector and distributors by launching the MarineStar, an affordable maritime voice solution with advanced two-way tracking and monitoring capabilities.Designed by the world’s most innovative provider of mobile satellite communications…
Roman Miroshnichenko has been appointed as Managing Director of Gazpromneft Marine Lubricants, the new operating company.Roman Miroshnichenko has more than 20 years of experience in the marine industry, and specifically in the field of marine lubricants…
World shares climbed back towards record highs and safe-haven bonds tumbled on Tuesday, as hopes that Washington may roll back some of the tariffs it has imposed on Chinese imports rekindled optimism about the global economic outlook.A year-end rally looked to be building…
Luxembourg-based maritime construction engineering company Jan De Nul announced its decision to opt for 100% renewable fuels.'Jan De Nul Group carries out dredging work in the Benelux with 100% renewable fuel. With this, the world player is…
The Kuok Group, through its investment vehicle Quetzal Capital, announced a voluntary conditional cash offer to buy out Singapore-listed PACC Offshore Services Holdings Ltd (POSH).Quetzal Capital said that the conditional offer to acquire all of POSH for S$0…
New report from the Mission to Seafarers paints optimistic picture across the shipping industry and shows increased positivity and satisfaction among those working at sea.After concerning reports earlier in the year, the latest Seafarers Happiness Index…
Pirates have kidnapped nine crew members from a Norwegian shipping vessel named the MV Bonita off the coast of Benin in West Africa.MV Bonita was anchored and awaiting berth at the Cotonou port to discharge a shipment of gypsum when the pirates boarded…
Melbourne-headquartered resource company BHP wants to introduce LNG-fuelled iron ore vessels, which could transport up to 10 per cent of its product in the coming years.'In July this year, we released the world’s first bulk carrier tender for…
South Korea's top shipbuilding conglomerate Hyundai Heavy Industries (HHI) Group said that its holding company HHI Holdings Co will receive 1.4 trillion won ($1.24 billion) in proceeds next month from the sale of a stake in its refining unit…
The Swedish container market had a slight downturn during H1 2019, with a 1% fall, but the Port of Gothenburg has reported a steady rise in both market share and volume.Between January and September this year, the figure stood at four per cent…
International Maritime Organization (IMO) ’s most important ship safety treaty – SOLAS – provides for safe merchant shipping, covering a wide variety of topics, from ship construction to fire protection, to life-saving appliances and cargo carriage…
The international organization to promote Exhaust Gas Cleaning Systems (EGCS), Clean Shipping Alliance (CSA) 2020 has congratulated Danish ferry operator DFDS A/S for ten years of successful scrubber operation, with EGCS onboard the 37,939gt roro Ficaria Seaways achieving more than 50…
The GloFouling Partnerships project, is a joint initiative between the Global Environment Facility (GEF), the United Nations Development Programme (UNDP) and International Maritime Organization (IMO) , has 12 Lead Partnering Countries.Indonesia and Mexico have recently joined Fiji…
Venezuela's oil exports eased in October, but surpassed 800,000 barrels per day (bpd) for second month in a row, helping to drain an inventory buildup that had forced the OPEC country to cut output, according to documents and data.Since the…