Star Bulk Carriers announced that it has entered into a $310 million loan agreement, which includes a $70 million tranche (Green Loan Tranche) that will exclusively finance the procurement and retrofitting of scrubbers for up to approx. 50 vessels in Star Bulk’s fleet…
Damen Shipyards Group has achieved second place in the maritime & aviation sector in this year’s MT500 rankings of the top 500 companies and institutions in the Netherlands. It also came twentieth out of 500 in the overall ranking, its best ever result…
The former Avondale Shipyard facility in Louisiana will be redeveloped into a logistics and intermodal hub under a joint venture group that took ownership of the shuttered shipyard today.The Avondale site, located just upriver from New Orleans…
Raimon Strunck (53) has been appointed as MV WERFTEN's Chief Technology Officer (CTO), taking over the newly created role on October 1. His responsibilities include project management, design, planning as well as procurement and logistics. He…
Bureau Veritas announced the launch of a newly branded and separate family of experts, ‘Bureau Veritas Solutions Marine & Offshore’ (BV Solutions M&O).Aimed at the marine and offshore markets, BV Solutions M&O brings together services and people…
South Korea's largest shipping line Hyundai Merchant Marine (HMM) said it will invest 3.153 trillion won ($2.84 billion) for 20 new large containerships to be delivered by June 2021.In June this year, the company signed letters of intent for…
Kotug Smit Towage has taken four newly-built Damen tugs into service for its European harbour towage activities, in 2017 and 2018. One of this quartet, the Southampton is currently operating in the Port of Zeebrugge.The Southampton is an ASD Tug 2913 and has a bollard pull in excess of 80 tonnes…
Commodity trader Trafigura had leased 35 newly built crude oil and oil product tankers from an undisclosed Asian financial partner with the vessels expected to be delivered late this week and all through 2019, the company said.'Until 2020, the vessels will run on regular fuel…
C-Job Naval Architects based in the Netherlands announced it has joined the Ammonia Energy Association, strengthening its commitment to research ammonia as a renewable fuel for the maritime industry.With the International Maritime Organization…
The Kwispaa LNG Project achieved a significant milestone in its development this week as Kwispaa LNG signed a contract with Hyundai Heavy Industries for the Front-End Engineering and Design (FEED) of two At-Shore LNG hulls.This follows the recent Invitation to Tender to shortlisted EPC (engineering…
Singapore’s first liquefied natural gas (LNG) bunker barge scheduled to begin construction in January 2019. The 7,500 cubic meter capacity barge will be owned and operated by a joint venture between Shell and Keppel Offshore & Marine, FueLNG Pte Ltd…
The offshore converter platform, BorWin gamma, has now safely set sail from Dubai and begun its journey to its offshore site in the German part of the North Sea.Through the Gulf of Oman, the 18,000 ton ‘topside’ will pass into the Red Sea before…
Russia’s natural gas producer and the operator of the giant Yamal LNG export project Novatek, has signed an agreement of intent with Russian state nuclear firm Rosatom to establish a joint venture (JV).The JV plans to establish a long-term partnership to jointly develop…
ST Engineering announced the appointment of Tom Vecchiolla as President & CEO (Designate) of its US Headquarters, VT Systems. He will take over as President & CEO from General (Ret.) John Coburn on 1 December 2018, who will relinquish his CEO…
German based company, Peter Döhle Schiffahrts-KG signed an Agreement with Erma First S.A., manufacturer of Ballast Water Treatment Systems (BWTS), for the installation of BWTS onboard its vessels.Erma Firstis represented in Germany by MOE Marine & Offshore Equipment…