Germany's family-owned Meyer Werft shipyard is buying the Finnish state out of Turku shipyard in southwestern Finland, the government said on Wednesday.Meyer Werft and the government last year bought the troubled shipyard from Korean trade and ship corporation STX…
Chinese slowdown confirmed in Chinese and IMF data The Chinese economy grew by 7% y-o-y in the first quarter of 2015, according to National Bureau of Statistics in China. This is the weakest overall growth in six years. Growth during the quarter was strongest in the industrial sector (6…
The Round Table of international shipping associations (RT) comprising BIMCO, ICS, Intercargo and INTERTANKO announced today that they are developing standards and guidelines to address the major cyber security issues faced by the shipping industry…
Fugro has been contracted by the Netherlands Enterprise Agency, part of the Ministry of Economic Affairs, to execute the geotechnical site investigation and geological modelling of sites I and II of the future Borssele wind farm park. The 1…
Anatoly Sorokin was appointed Director General of Gazprom Gazobezopasnost.Anatoly Sorokin was born in the Orenburg Region in 1960. He graduated from Kuibyshev Polytechnic Institute in 1983, majoring in Technology and Comprehensive Mechanization of Oil and Gas Developments…
On Monday 13 April 2015, Clarkson PLC entered the FTSE 250 index on the London Stock Exchange. This marks a significant moment in both Clarksons 163 year history and 18 years of trading on the exchange.In thanking all staff for their hard work and committment to the company Andi Case…
The CMA CGM Group is pleased to announce that the French President François Hollande has decorated Mr Jacques R. Saadé, the CMA CGM Group Founder, Chairman and Chief Executive Officer, Commander of the National Order of the Legion of Honor…
VideotelTM, the leading international provider of e-Learning maritime training programs and a company of KVH Industries, Inc., has backed calls by the UK-based maritime union Nautilus for the UK Shipping and Ports Minister to lead regulatory…
Indonesian President Joko Widodo and Prime Minister of Norway Erna Solberg agreed to cooperate on deep sea technology for oil and gas exploration and maritime sector. Norway has been advanced on deep sea technology and Indonesia thinks…
China Cosco Holdings has scrapped 14 vessels between February 1 and March 31 this year, continuing progress with its ambitious fleet renewal plan. The 14 ships comprised of one container vessel and 13 dry bulk carriers, which have a combined capacity of 924…
The 32,000-ton Nord Explorer Cargo ship ran aground in the Delaware River around 4 a.m. Tuesday morning near the Riverton Yacht Club. No injuries or river pollution were reported by a spokeswoman from the U.S. Coast Guard. This is the second…
New ships today are no more efficient than they were over twenty years ago, despite shipping industry claims to the contrary. The efficiency of new ships has deteriorated by 10% on average since 1990. The study also shows that containerships built 30 years ago already…
China has been allowed operation rights for 40 years at a port in Gwadar, a planned deep-water harbor in Pakistan. This move will give China access to Gulf countries, and the possibility of building a naval base on the Arabian Sea in future…
The unknown foreign vessel the Swedish Navy searched for near Stockholm last autumn was actually a “workboat,” Sweden's Armed Forces have now said. The story of the suspected submarine spotted in the Stockholm archipelago a week after Sweden's…
Trelleborg’s marine systems operation has opened a new American headquarters in Berryville, Virginia, U.S. The new site houses a 36,000 square foot manufacturing facility for foam-based marine fenders and buoys and 9,000 square foot sales and business development office…
