The Interlake Steamship Company announced that it will repower its last steamship, the S.S. Herbert C. Jackson, with a highly automated diesel propulsion system in the final phase of a 10-year, $100 million modernization effort to create the most efficient…
Turnover increased by 8 percent to reach 1.315 billion Euros, with net profit rising by 66 percent to reach 57.8 million Euros. The engineering and technology group SENER ended 2014 with a turnover of 1,315.7 billion Euros; an increase of 8…
DryShips Inc. a global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc. of offshore deepwater drilling services, announced today that Ocean Rig closed the previously announced offering of 28…
King Abdullah Port (KAP) in Rabigh aims at being part of the overall development of the Saudi economy, which is the largest economy in the region and among the top 20 in the world, said Abdullah Hameedaddin, managing director of Ports Development Company (PDC)…
Port of Hamburg terminal operator Hamburger Hafen und Logisitik AG (HHLA) is making further preparations for the latest generation of mega-ships. It has ordered two new container gantry cranes for its Container Terminal Tollerort (CTT)…
AP. Moeller-Maersk A/S, owner of the world’s largest shipping container line Maersk Line is to drive to secure contracts to build and upgrade ports in Nigeria and Kenya, according to Bloomberg. Maersk is awaiting a final sign-off on a contract…
South Korea’s Dae Sun Shipyard has won an order to construct one 1,800-teu feeder container vessel for compatriot ship-owner Dongjin Shipping. The newbuilding feeder vessel is scheduled for delivery in early 2017. The eco-friendly feeder…
Damen Maaskant Shipyards Stellendam is constructing an innovative razor shell dredger for the Dutch fishing cooperative YE 118 Noordland BV. The 43-metre vessel, sharing the same name as the cooperative, shows how a standard Maaskant design…
Eurotunnel reluctantly sold to its subsidiary, the Calais-to-Dover ferry business, MyFerryLink the Danish DFDS, the competitor of the Channel Tunnel reports Le Monde. The company is a forced seller of the service because of antitrust action…
India's Ministry of Shipping has chalked out a plan to raise a trillion India Rupees to develop ports, build ships and improve inland waterways, says a report in the Business Standard. The money will help the shipping ministry, which floated the proposal…
Anti-Corruption Bureau in the state of Gujarat has ordered by a Kutch court to probe the alleged multi-million rupee scam in Kandla Port Turst (KPT), has filed a revision petition saying the case be handed over to a national agency like CBI instead…
Senate bill aims to mitigate impact of labor disputes at America’s ports.In a letter sent today, the Retail Industry Leaders Association (RILA) welcomed the introduction of the Protecting Orderly and Responsible Transit of Shipments (PORTS) Act in the U…
The U.S. Navy has awarded General Dynamics Electric Boat a $6.5 million contract modification to support development of the Virginia Payload Module (VPM). Electric Boat is a wholly owned subsidiary of General Dynamics.The VPM will comprise…
Songa Offshore SE announced that the maturity of the fleet financing of Songa Dee, Songa Delta and Songa Trym has been extended from fourth quarter 2016 to first quarter 2018 when it will mature with a balloon of USD 25 million. The…
Legislation to reform the U.S. domestic marine recycling industry, the Ships to Be Recycled in the States (STORIS) Act, was introduced today by U.S. Senators David Vitter (R-La.) and Bill Cassidy (R-La.). Congressman Garret Graves (R-La.) will introduce the companion legislation in the U…
