Ballast water treatment market, Europe to dominate market revenues from 2017 to 2019, according to a report by Frost & SullivanThe global ballast water treatment systems market is estimated to grow at a compound annual growth rate of 21 percent from 2012 until 2019…
Two buyout groups have made final offers for the heat exchangers division of German industrial machinery and process engineering group GEA , one of which could be picked for exclusive talks within days, three people familiar with the matter said…
Russia's top natural gas producer, Gazprom, will eventually lose more than it gains from raising the gas price for Ukraine by 80 percent, analysts said on Friday, predicting Kiev would cut purchases and fail to pay in full.Gazprom on Thursday announced a price rise for Ukraine to $485 per 1…
A survey of London solicitors by ITIC has highlighted the high cost of litigation for shipbrokers and others seeking judgment in the English courts.ITIC gave a panel of London solicitors – all of whom had previously been instructed on…
Overview of Hamburg Süd growthGrowth in the global economy and containerized transportation by sea in 2013 was slightly below the level of the previous year. Once again, available global slot capacity outpaced container transport volume as deliveries continue to exceed the level of scrappage…
Amongst the latest listing of US Department of Defense, Navy, contracts, General Dynamics Bath Iron Works, Bath, Maine, is being awarded a $24,374,445 modification to previously awarded fixed-price incentive contract (N00024-11-C-2306) to exercise an option for DDG 1000 class services…
Overall confidence levels in the shipping industry rose to their highest level for almost six years in the three-month period to February 2014, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens…
The ICC reported that shipowners are facing new dangers from criminal gangs making spurious oil fraud claims. The “victims”/fraudsters try to extort money from owners by bringing action against them for failing to deliver cargoes of oil they allegedly own…
The operator of a coaster ship which grounded in an environmentally sensitive area off the Northumberland coast has been ordered to pay nearly £73,000 in fines and costs after its crew failed to keep a proper lookout. On the evening of March 15…
Beset by continued sluggish demand, a growing mountain of debt and a radically changing marketplace, listed companies in the global container shipping industry as a whole face a greater risk of financial distress, including possible bankruptcy…
In just under seven months’ time, marine professionals from China and around the world will gather for the opening of Shiptec China 2014 at the Dalian World Expo Center. Taking place October 21-24, it is the 11th holding of this increasingly important event…
Following the recent meeting of the Port Commission of the Port of Houston Authority, the following news items of note were released.DredgingThe Port Commission approved a $68 million construction contract with Orion Construction L.P…
BASS, a global provider of fleet management software for ship owners and ship managers as well as operators of rigs and floating production, storage and offloading vessels (FPSOs) and offshore units, introduced the BASSnet 2.9 Fleet Management…
Horizon Lines has released its fourth-quarter 2013 financial results showing an adjusted EBITDA increase of 33.1%, which is its 4th consecutive quarter of double-digit Improvement .'Horizon Lines fourth-quarter adjusted EBITDA increased 33…
Statoil presented on its website the company’s annual and sustainability reports for 2013, along with the US Form 20-F report.“Our 2013 operational performance was good; with safety improvements, production as expected and strong project execution…
