French cargo and cruise port Marseille Fos had a relatively stable year in 2018 with traffic of more than 81 million tonnes, up 1%.The performances included a seventh consecutive year of growth in container traffic, which rose 2% for 1.4 million teu…
Only 16 percent of U.K. ports and harbor authorities have made “significant or practical” plans for Brexit, according to a survey.Leaders at almost every UK port and harbour authority – in total around 100 - were asked about their state of readiness…
The subsea operations and manufacturing company JFD, a part of James Fisher and Sons, has received a multi-million dollar contract for the design and build of an advanced Deep Search and Rescue Vehicle (DSRV).The DSRV will be delivered as a…
Global ports operator Cosco Shipping Ports acquiring 60% stake in Terminales Portuarios Chancay (Chancay Terminal) from Volcan Compañía Minera for a total consideration of US$225million.Zhang Wei, Vice Chairman and Managing Director of Cosco Shipping Ports and José Picasso…
Britain’s marine industry launched of Maritime 2050, the UK Government’s first ever long-term strategy to support and grow the sector.Described as both visionary and aspirational, Maritime 2050 highlights the Government’s recognition of the…
British manufacturer of marine safety and survival equipments Survitec has received DNV GL Z-17 certification as a class-approved service provider for all DNV-GL classed vessels operating various brands of safety and survival equipment, including lifeboats…
ABS has recorded zero lost time work-related incidents for the second year in a row. The Lost Time Incident Rate (LTIR) has remained at 0.00 throughout 2017 and 2018, underscoring ABS’ industry-leading safety performance.“Safety is the foundation…
Monaco-based seaborne shipping company Navios Maritime Containers has acquired a 2011-built containership from an unrelated party for USD 52.5 million.The containership is expected to be delivered into Navios Containers’ fleet in Q1 2019 and is chartered out at a net rate of $26…
GAC Norway opens new Arctic Circle branch at Tromsø in response to growing demand, said the company.Sitting 300km north of the Arctic Circle, Tromsø is the largest urban area in Northern Norway and serves as a portal to the Arctic. It is a popular port of call for cruise vessels…
A $67 million waterfront expansion concluded at the Port of Oakland this month, as TraPac marine terminal opened its newest vessel berth to arriving container ships.The milestone signals completion of a 2-year project at Oakland’s second-largest…
Modern American Recycling Services, Inc. (M.A.R.S.),a leader in the scrap recycling industry, completed a transaction acquiring World Marine, LLC on January 22, 2019. The acquisition includes World Marine’s Alabama facility in Mobile, boasting over 4…
Vigor has announced the addition of Jackie O’Brien to Vigor’s leadership team. As EVP of Strategy and Business Development, O’Brien will report directly to the CEO and play a key role in driving the development and execution of Vigor’s growth strategy as a leading industrial company…
Svitzer, aprovider of harbor and terminal towage to the global shipping industry, has recently appointed Fred Jeeninga as Cluster Managing Director, Continental Europe (Netherlands, Belgium, Georgia) and Maurice McKeating as Cluster Managing Director…
Fincantieri Bay Shipbuilding has delivered the newly-converted barge Commander to Port City Marine Services (PCMS) of Muskegon, Michigan. The Commander is a 495 x 72-ft. freight barge that underwent extensive conversion, including the installation of new cargo holds…
The Swedish Club has reported that on January 23, 2019, S&P Global Ratings raised its insurer financial strength and issuer credit ratings on The Swedish Club to A- with stable outlook.S&P reported that through disciplined underwriting and strong…
