Indian Register of Shipping (IRClass), a leading Classification Society, today announced it has opened offices in Abu Dhabi.Abu Dhabi is the second office location for IRClass in the Middle East, following Dubai, and reflects the society’s strong commitment to the region…
The massive $27 billion Yamal LNG liquefied-natural-gas venture in the Arctic Circle, a centerpiece of President Vladimir Putin’s plan for Russia has been squeezed by U.S. restrictions on OAO Novatek, says a report in the WSJ. Through this project…
Mitsubishi Heavy Industries, Ltd. ('MHI') and the Suhail Bahwan Group ('SBG') have invested in Altaeros Energies, a Massachusetts-based technology company, to support the design and production of its Buoyant Airborne Turbine ('BAT') renewable energy and communication platform…
MacGregor, part of Cargotec, plans to reduce workforce in MacGregor Uetersen site in Germany to restructure the operations to the weak market demand. The market situation has deteriorated due to the low oil price and low number of new merchant ship orders…
On 14 August, Royal IHC successfully launched the MAHURY, a 1,840m3 capacity twin-screw trailing suction hopper dredger (TSHD), at partner shipyard MTG Dolphin Shipyard in Varna, Bulgaria. The vessel is being built for Baggerbedrijf de Boer - Dutch Dredging…
German container carrier Hapag-Lloyd is starting to see the commercial benefits of its integration with the container shipping arm of Compañía Sud Americana de Vapores (CSAV), which is now expected to deliver larger synergies than initially anticipated…
Major terminal operator Cosco Pacific has reported a 12% on-year increase in net profits for the first half of this year to nearly $164.4m on good cost control and optimisation of management efficiency. However the revenue of the port and…
Cnooc Ltd., China’s biggest offshore oil and gas explorer, posted a 56 percent decline in profit for the first half of this year. Net income dropped to 14.73 billion yuan ($2.3 billion), or 0.33 yuan a share, from 33.59 billion yuan, or 0…
Hutchison Ports Australia (HPA) says it remains committed to negotiating a resolution to the current industrial dispute with workers in Brisbane and Sydney.HPA also wishes to clarify some of the reporting to date, including the financial…
NYK has concluded a contract with United Green for partial ownership of a canola flower field along the Sanriku shoreline, an area that suffered extensive damage from the tsunami that accompanied the Great East Japan Earthquake in 2011. United…
NOAA has awarded more than $675,000 in grants to 13 projects aimed at aiding coastal communities in their fight against marine debris, the agency announced. This is the third year NOAA’s Marine Debris Program has awarded grants through…
There has been a great deal of merger activity in the shipping industry over the past few years, especially amongst owners, but, Anglo-Eastern Group and Univan Group have reached an agreement, with the culmination of the largest ever merger of independent…
The Ship Information Management System (SIMS) jointly developed by NYK and the Monohakobi Technology Institute has been recognized with a special award from the Japan Institute of Navigation. An awards ceremony was held on July 27, 2015, and attended by Koichi Akamine…
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Transgrain Shipping B.V., Rotterdam…
Chief Shipping Analyst at BIMCO, Peter Sand will be one of the speakers at the upcoming Marine Money Ship Finance Forum in Singapore. This is the 14th annual forum and it will take place at 22-23 September 2015. Peter Sand will deliver the…
