Fincantieri Chairman Giampiero Massolo defended the Italian shipbuilder's planned acquisition of French rival Chantiers de l'Atlantique, and said jobs in the industry could suffer if the project fell through.European competition authorities…
The International Association of Dredging Companies (IADC) bestowed the Young Author Award to Liesbeth De Keukelaere, R&D Professional at VITO in Belgium. IADC’s Young Author Award is given annually to “stimulate the promotion of new ideas and…
Damen Shipyards Group has won a repeat order from B.C. Ferries for four additional Damen Road Ferries 8117 E3, also known as the “Island Class vessels”. The diesel-electric hybrid ferries follow two such vessels that the client ordered from Damen in 2017…
Army veteran-turned-Royal Caribbean Cruise Line founder Edwin W. Stephan passed away on Friday at 87 years old.'We at Royal Caribbean mourn his loss and extend our deepest sympathies to the Stephan family,' said a statement from the global cruise company said…
South Korean Samsung Heavy Industries (SHI) reported its third-quarter net loss of 583.2 billion won (US$ 503.8 million), compared with a KRW80.30 billion loss in the same quarter a year earlier, staying in the red compared with a year ago.The…
Danish bunker company Monjasa announced the opening of its first office in Luanda, Angola, to support the West Africa oil and shipping activities.Monjasa started supplying bunkers across West Africa in 2009 and since then, it has delivered a total of 10…
Italian shipbuilder Fincantieri has posted higher earnings in the first nine months, but said the result was hit by losses at its Vard unit. Revenues increased by 9.7% at euro 4,254 million (euro 3,878 million at 30 September 2018).Fincantieri…
Global Ship Lease (GSL), a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships, said that S&P Global Ratings has raised its long-term issuer credit rating.According to the London-headquartered company…
Valletta Cruise Port has welcomed Sky Princess, Princess Cruises’ brand-new ship debuting this October. Sky Princess features exciting entertainment venues, new dining choices and award-winning chef partnerships and can accommodate up to 3,660 passengers with over 1…
Imports at the nation’s major retail container ports are expected to see their final surge of the year this month ahead of new tariffs set to take effect in December, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates…
The oil market has recently been shaken up by geopolitical events, but volatility in the price difference between low and high sulphur fuel cannot be explained by that alone – the uncertainty is the chaos factor.The uncertainty of the upcoming…
In September 2019, in a milestone agreement, Namdock concluded a contract to maintain and repair the vessels of the Marinha de Guerra Angolana (MGA), the Angolan Navy.According to Namdock’s Commercial and Operations Manager, Willie Esterhuyse…
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for a ninth straight session on Friday, on weaker demand for capesize and panamax vessel segments.The Baltic index, which reflects rates for capesize…
Lithuania-based oil and LNG terminal operator Klaipėdos nafta (KN) appointed Darius Silenskis as the new CEO. Until now, D. Silenskis held the position of director of KN Oil business.The selection procedure of the new CEO was carried out by…
Denmark-based Ørsted A/S, offshore wind giant, is expanding rapidly in the US within the development and construction of offshore and onshore wind power as well as solar PV.The growing portfolio enables Ørsted to increasingly trade the green power generated by the wind and solar farms…