Singapore’s Sembcorp Marine (Sembmarine) has increased its stake in Norway-based Gravifloat AS to 56%, which it intends to fully acquire eventually. In a statement on Wednesday, SembMarine says it acquired a 44% stake in Gravifloat for US$38 million ($52…
The Chinese shipping companies - Chinese shipping majors Cosco Group, China Merchants Group and ICBC Financial Leasing Co- ordered 30 Valemaxes worth a combined $2.5 billion for delivery starting from 2018, deployed on Brazil-China trade routes…
The World Container Index’s composite index, an average of spot freight rates on 11 global East-West routes connecting Asia, Europe and the US, reached a record low of US$701 per 40-foot container on March 10, says Drewry Shipping Consultants…
Two state-run Chinese firms - China National Transportation Equipment & Engineering Co Ltd (CTC) and Dalian Shipbuilding Industry Co (DSI) - are pushing for multi-billion dollar Intermodal transport deals with Iran, says a report in Reuters…
Quebec-based Chantier Davie Canada Inc. presented a bid, potentially worth up to a billion dollars, to the federal government last month offering a Polar Class 3 icebreaker, three smaller River-class icebreakers and two multi-purpose research…
Norway-based cruise operator Hurtigruten AS has developed its own unique formula for developing cruise talent. The practice is already paying handsome dividends. Cruise LeadershipFun, luxury, experiences — that’s what cruise operators sell…
U.S. Coast Guard announces National Boating Safety Advisory Council appointments The U.S. Coast Guard announced on Thursday the appointments of the chairman and seven members to serve on the 21-member National Boating Safety Advisory Council (NBSAC)…
Seafloor Systems announced that Josh Grava, Sales Manager, North America, RESON Teledyne Marine, is joining John Tamplin, President, Seafloor Systems, Inc. in a newly created position, Vice President Sales. Josh will manage U.S. and International…
Six celebrities swapping the comforts of the studio for five days at sea, as they attempt to sail around the UK on the BT Sport Relief Challenge: Hell on High Seas, have been prepared for the challenge at the National Maritime College of Ireland (NMCI)…
Front Street Shipyard announced the hiring of two new personnel: Paul Lamoureux and Wendy Umla. Named Service Manager at Front Street Shipyard, Paul Lamoureux joins the yard from Morris Yachts where he worked as manager for the mechanical and electrical department on new boats in production…
Hapag-Lloyd will become a member of the SDAX index of Deutsche Börse. This was announced by Deutsche Börse after a regular review of its indices. The SDAX is a German Blue Chip Equity Index and contains 50 companies listed in the Prime Segment…
Trelleborg’s marine systems operation hosted a technical seminar for the Hong Kong Institute of Vocational Training Council’s Department of Construction on February 25 at the company’s factory in Singapore.Attended by lecturers from the…
Mitsui O.S.K. Lines, Ltd. today announced that on March 8, it held a groundbreaking ceremony for a new merchant marine academy in Salitran, Dasmariñas City, the Philippines. It will be jointly established with Magsaysay Maritime Corporation (MMC) (*1)…
Projects worth Rs. 1,20,000 Crore ($ 17.5 billion) to be showcased before potential investors at Maritime India Summit 2016, says Shri Nitin Gadkari Indian Government's Minister for Shipping, Road Transport & Highways, Nitin Gadkari said that projects in the ports and shipping sector…
A first-of-its-kind initiative - Project executed with support from Padma Shri Dr. Sharad Kale, BARC- Ensures retention of key nutrients in the environment and reduction in CO2 emissions- Easily replicable initiative to benefit…
