For the 3 months ended 31 March 2016, Nordic Shipholding A/S generated a profit after tax of USD 1.5 million, compared to USD 2.7 million in the same quarter last year. The average daily TCE rate earned by the vessels in the Handytankers Pool was below the forecasted daily rate…
USS Mount Whitney (LCC 20), the U.S. 6th Fleet flagship, made history today as the first amphibious command ship to have an MV-22B Osprey land on its flight deck, May 23, 2016.The MV-22B and crew are part of Marine Medium Tiltrotor Squadron 263 (VMM-263)…
Technip’s wholly-owned subsidiary Technip Umbilicals Ltd.(1) has been awarded a contract by Statoil ASA to supply the umbilical(2) to the Oseberg Vestflanken 2 field offshore Norway. This field is located approximately 8 kilometers North West…
CMA CGM S.A. (CMA CGM), a global leader in container shipping, announces that it has received today confirmation that its pending acquisition of Neptune Orient Lines (NOL), Southeast Asia’s largest container shipping company (SGX: N03), has…
Xiamen, People’s Republic of China, 24 May 2016 – Terex Port Solutions (TPS) notches up another success for its Terex Quaymate M50 mobile harbour crane. After the first machine in the world completely manufactured and assembled by the Chinese…
Drewry survey finds that confusion reigns over new container weighing rule with most stakeholders expecting some delays after its implementation in July. There is just over a month to go before new safety regulation comes into effect that will mandate container weighing from 1 July…
Chant Engineering announced that business partner DLM has introduced a new product for the International Shipping Industry: the Twistlock Load Cell and Container Load Monitoring System. To increase the safety of cargo ships at sea, the…
General Dynamics Information Technology, a business unit of General Dynamics (NYSE: GD), was awarded a contract to provide information technology services and security assistance support to the Naval Supply Systems Command Weapon Systems Support (NAVSUP WSS) and Navy International Programs Office…
On April 26, 2016, Cheoy Lee Shipyards launched the 100th vessel it has built to a Robert Allan Ltd. design, becoming the second shipyard worldwide to do so, after Sanmar’s initial achievement of this milestone in 2013.This epic tug, Hull Number 5098 at Cheoy Lee…
The HCI Group and two other investors have taken over a total of thirteen ships from the loan portfolio of HSH Nordbank. The HCI Group structured the portfolio acquisition and is investing a substantial amount itself. The portfolio consists of thirteen feeder ships of between 800 and 1…
Multimodal network operator Samskip and inland waterway transport provider Pro-Log are celebrating the 10th anniversary of barge operations connecting Rotterdam and Duisburg by adding a second vessel, increasing service frequency to six times weekly…
Hamburg Süd, one of the 10 largest shipping lines worldwide, and INTTRA, the world's ocean shipping electronic marketplace, have expanded their partnership to address the July 1 implementation of the International Maritime Organization's Safety…
Issues $140 Million of 6.95% Series F Cumulative Convertible Perpetual Preferred Shares, Renews $150 Million Unsecured Revolving Loan and Enters into $250 Million Lease FinancingHONG KONG, CHINA--(Marketwired - May 18, 2016) - Seaspan Corporation…
APL today announced that it has reduced its fleet carbon dioxide emissions by 45.5% in 2015, compared to its emissions level in 2009. This achievement marks APL’s highest carbon dioxide emissions reduction in the last six years. “APL has…
Damen Shipyards Group has sold a Fast Ferry 4212 to South Korean ferry operator DAEA Express Shipping. The vessel, named Sea Flower, is the fourth ferry of this design that Damen has sold in the last five years to companies operating on the east coast of the Korean peninsula…
