In an industry first, the Miami-based Carnival Corp. will develop a multi-ship domestic Chinese cruise brand with Chinese partners. Carnival, the world’s largest cruise company, formed a joint venture with China State Shipbuilding Corp…
India government’s failure to take a decision on the purchase of 98 Black Shark torpedoes worries Indian Navy as the induction of the first Scorpene submarine is less than a year away, reports DHNS. The navy plans to buy Black Shark torpedoes…
Scotland-based Ferguson Marine Engineering (FMEL) has signed a deal to build two 100-meter, dual-fuel ferries for Caledonian Maritime Assets Ltd (CMAL) in a contract worth £97 million (USD 150 million) that will boost shipbuilding on the River Clyde and secure 150 shipyard jobs…
The Bahrain National Oil and Gas Authority (NOGA) will award a $400 million Liquefied Natural Gas (LNG) terminal contract next month, Energy Minister Abdulhussain Mirza told local media this week. The LNG terminal will be constructed near Khalifa Bin Salman Port…
Greece and the US are likely to reveal a joint venture to develop a liquefied natural gas (LNG) terminal when US Secretary of State John Kerry makes an official visit to Athens in November. According to a local news report in eKathimerini…
Shipping rates in New Zealand waters have become 'unsustainably low' in the wake of supply chain agreements such as between Kotahi and Port of Tauranga, NBR reports as South Port New Zealand chairman Rex Chapman saying. The company's…
“Sustainable development” has gone from buzz word to business imperative in the two decades since the initial Earth Summit in Rio de Janeiro in 1992. Companies are increasingly evaluated on how well they address sustainability as a critical…
Ulstein Verft launched from its dock hall a special offshore construction vessel, Yno 302, for Island Offshore and Edison Chouest Offshore. The newbuild measures close to 160 m in length with at beam of 30 m, making it the largest offshore vessel built at Ulstein Verft to date…
With a coastline of 4,964 km and a vast majority of the country’s population living along the coast, Spain’s economy has a direct bearing on its ocean related activities. The importance of sun and sand tourism, of the energy sector – for which…
WAGO has announced the appointment of industry veteran Juliano Matias, to the position of National Sales Manager for Canada.Matias brings a wealth of knowledge, deep-domain relationships and business development expertise to WAGO’s growing Canadian sales team…
Braemar (incorporating The Salvage Association) has appointed Brian Armour as Senior Maritime Civil Engineer within its Ports & Harbours division.Brian will be based in the Singapore office and has many years’ experience in the design, analysis…
Russia has built a giant military base in the far northern Arctic where 150 soldiers can live autonomously for up to 18 months, AFP quotes the Defence Ministry as saying. The building erected on the large island of Alexandra Land, which is part of the Franz Josef Land archipelago…
For shipping companies operating in emission control areas (ECAs), liquefied natural gas (LNG) represents an attractive bunkering alternative. 'The lower cost of LNG bunker fuel than other variants of ECA-compliant fuels in Europe and…
In a bid to prepare for the lift of economic sanctions placed on the country, Iran has unveiled a $120 billion fleet expansion campaign. Mohammad Saeidi, Head of the Islamic Republic of Iran Shipping Lines (IRISL), said that the company seeks to purchase 579…
The EU Commission has accepted a comprehensive rescue plan for the German shipping bank - HSH Nordbank - which will offload approximately USD 7 billion of its troubled assets back onto the government and privatize. The bank's owners, which bailed out HSH in the financial crisis…
