VT Halter Marine, Inc., a ST Engineering North America company, held a vessel naming ceremony for America’s first offshore Liquefied Natural Gas Articulated Tug and Barge (LNG ATB) unit.The Q-LNG 4000 (barge) and the Q-Ocean Services (tug) were officially named in a ceremony that included U…
Mitsubishi Shipbuilding Co., Ltd., a group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, has received orders for two large, high-speed ferries from Shin Nihonkai Ferry Co., Ltd. The vessels will be constructed at the…
Oil freight rates in the Middle East and Asia have increased by almost 20 percent today following new US sanctions on units of Chinese company COSCO for its alleged involvement in ferrying crude oil out of Iran.In what the U.S. State Department…
Transnet National Ports Authority (TNPA) will secure two new workboats by 2022 to boost marine operations at the Port of Cape Town and ensure it is recognized internationally for excellence.The more powerful workboats are expected to improve…
MacGregor, part of Cargotec, has secured orders to provide MacGregor products to a Naval project in Europe and TTS products to a RoRo project in Asia. The total order value is more than $22 million and the contracts include ramps, car deck and lifting platform equipment…
Vestdavit secured an order to supply three new Norwegian Coast Guard vessels with davits equipped for polar conditions, in a project which also calls for installation of a deck-mounted transfer system for rapid deployment.The ships are being…
Bermuda-based ship-owning and ship chartering firm Ship Finance International Limited (SFL) has agreed to purchase three very large crude carriers (VLCCs) from Norwegian investment company Hunter Group. The 300,000 dwt oil tankers are currently…
The Baltic Exchange's main sea freight index fell on Monday for the third consecutive day, as lower demand for ships across segments eased rates.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 40 points, or 1…
Cargotec company MacGregor has developed a new cargo system for one of the world’s largest container ships, the MSC Gülsün.The ship was built by South Korean company Samsung Heavy Industries (SHI) and delivered in July of this year, having a capacity of more than 23…
Port operator DP World's planned merger of its P&O Maritime and recently acquired Topaz Energy and Marine businesses is expected to be completed by the end of the year, Topaz CEO Rene Kofod-Olsen said on Monday.DP World bought Dubai-based oil…
The Baltic Exchange's main sea freight index continued to fall on Friday, having broken a 10-day winning streak on Thursday, as rates throughout vessel segments eased.The Baltic index, which tracks rates for ships ferrying dry bulk commodities…
CMA CGM, the world's fourth-largest container shipping firm, reported a second straight quarterly loss as its takeover of CEVA Logistics weighed on its results, but said its business volumes remained strong thanks to growth in the U.S. economy…
Crew management specialist Danica Crewing Services has announced it has taken on the crew management of a further two bulk carrier vessels: the Four Emerald and the Four Diamond.The 33,392 dwt Four Emerald, built 2012, and the 34,059 dwt Four Diamond…
BMT, a leading, multidisciplinary management consultancy, has reported phenomenal growth in sales of its maritime simulator and has just signed multiple key contracts with select cruise lines including Holland America Line, Princess Cruises…
The two companies to cooperate on offerings for the global supply chain.Tideworks Technology announced cooperation activity with Liebherr Container Cranes Ltd. (LCC).This is Tideworks’ first cooperation with an equipment manufacturer and demonstrates…
