Shipping companies are increasingly gathering information from the fleet in order to improve their operations and safety performance. Without easy–to-use and data smart systems potential insights and improvements may be lost. Time-consuming…
Statoil has, on behalf of relevant licensees, exercised options for previously awarded drilling service contracts for fixed installations. Options have been exercised for 17 installations on the Norwegian continental shelf.In 2012 Statoil…
Today, Kvaerner and its sub-contractors cut the first steel plates for the utility- and living quarters (ULQ) topside for the Johan Sverdrup field. The topside construction starts on schedule and budget. The Johan Sverdrup development is being executed with a high degree of Norwegian value creation…
The Piraeus Port Authority (PPA) has released its annual financial statement for 2015, showing post-tax profits of 23.8 percent. Earnings before taxes amounted to € 9.772.290,19 for the year ended 31.12.2015 against €8.891.464,98 in 2014 showing an increase of 9…
France is an attractive investment location for DP World’s projects related to infrastructure development, port centric development, distribution and export hubs, rail freight, customs, and other logistics topics, said DP World Group Chairman and CEO Sultan Ahmed bin Sulayem…
Despite historically low rates carriers are unlikely to be killed off as creditors and governments will step in, says Drewry Shipping Consultants Limited. Recent news stories, backed-up by anecdotal stories told to Drewry, report that carriers…
China Shipping Container Lines Co. posted a net loss of 2.9 billion yuan ($448.5m) in 2015, compared with profit of 1.04 billion yuan in 2014, the nation’s second-biggest container shipping company said in a statement. China Shipping in January had forecast a loss of 2…
China Shipping Development Company Limited (CSDC) achieved 34.95% higher profit for 2015 totaling in RMB417 million ($64.3 million) when compared to figures from 2014, mostly due to a very strong tanker market. The revenue was stable at RMB12…
Port operator APM Terminals to develop a new transshipment terminal in Tangier, Morocco with an annual capacity of five million TEUs. APM Terminals MedPort Tangier will become operational in 2019, serving multiple trades and will be the first automated terminal in Africa…
Dry bulk shipping company Mercator Lines has inked an agreement to sell another vessel in an attempt to reduce its debt. The MV Kalpana Prem will be sold for US$2.9 million to a third party. It is expected to be delivered in April. In January…
MSC and INTTRA enter into a new digital partnership to address SOLAS VGM requirements Container shipping company MSC and ocean shipping electronic marketplace INTTRA have entered a new partnership aiming to introduce a customer-friendly solution to new container weight safety regulations…
Engineering and technology group SENER has appointed Manuel Jiménez as the new Financial and Administrative Director of SENER’s Engineering and Construction Division, replacing José Luis Anzola, who has held the position of Corporate Chief Financial Officer of the SENER Group since 2015…
New service delivers commercial and crew-welfare benefits; launch of Fleet Xpress marks start of new era that sees ‘smart’ ship operations become a reality Inmarsat, a provider of global mobile satellite communications, has launched Fleet Xpress…
Nearly six years after the BP oil spill in the Gulf of Mexico, Hollywood takes its shot at recounting the tragedy with a film due this fall aiming to tell the story on the fatal blowout and its aftermath. The oil spill, one of the largest environmental disasters in global history…
Huntington Ingalls Industries Inc Chief Executive Mike Petters urged the U.S. Navy to accelerate its new LX(R) dock landing ship program to fiscal 2018 from 2020 to avoid significant costs associated with restarting a production line. The…
