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Damen Shipyards Galati wins Dutch Romanian Award

Dec 19, 2014

Damen Shipyards Galati has been presented with the Dutch Romanian Business Award for its Corporate Social Responsibility plan, particularly the Group’s community investment initiatives. The Award was presented by Ben Jager of the Dutch Romanian Network to Peter de Kiewit…

Wärtsilä to Proceed with first LNG Terminal

Dec 19, 2014

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland. Wärtsilä will commence construction on the site near the port of Tornio in January 2015…

Lowrance Renews Insight Genesis College Cup

Dec 19, 2014

Lowrance®, a world-leading brand in fishing electronics since 1957— announced today the renewal of its Insight Genesis™ College Cup. In its second year, the 2015 College Cup kicks off January 1st and continuesthrough December 31, 2015.Anglers…

Nordic Yards Delivers 'Wind Server'

Dec 19, 2014

Nordic Yards officially handed over the offshore service vessel to the Danish company DBB Jack-Up Services A/S. During the handover ceremony, the ship was named ‘WIND SERVER’.“We are proud that with this innovative offshore vessel for…

NPCT1 to Develop New CT in Jakarta

Dec 19, 2014

PT. Pelabuhan Indonesia II (Persero) (“IPC”), Mitsui & Co, Ltd. (“Mitsui”), Nippon Yusen Kabushiki Kaisha (“NYK Line”) and PSA International Pte Ltd (“PSA”) have agreed to jointly participate in the construction and operation of a new container terminal at Tanjung Priok Port…

Gatto Industrial Starts Electroplating in North America

Dec 19, 2014

Gatto Industrial Platers, Inc. has launched its new Large Parts Zinc Electroplating Line, capable of plating parts up to 27 feet long and weighing up to 8,000 pounds. The new line’s tanks are 4 feet wide, 7.5 feet deep and 27 feet long, and…

Teekay Tankers to Acquire 5 Tankers

Dec 19, 2014

Teekay Tankers Ltd. announced that it will acquire four coated Aframax tankers and one uncoated Aframax tanker for an aggregate purchase price of approximately $230 million. The five vessels, which are expected to be delivered in the first quarter of 2015…

Cheniere to Sell LNG from Corpus Christi to Portugal

Dec 19, 2014

Cheniere Energy, Inc announced today that its subsidiary, Corpus Christi Liquefaction, LLC  has entered into a liquefied natural gas ('LNG') sale and purchase agreement ('SPA') with EDP Energias de Portugal S.A. ('EDP') under which EDP has agreed to purchase approximately 0…

Reports on Rosneft Arctic Projects

Dec 19, 2014

On December 18, Member of Rosneft Board of Directors, special representative of President of the Russian Federation on international cooperation in the Arctic and Antarctic Artur Chilingarov made a report 'Russia and Norway: Prospects for…

Fincantieri Wins Carnival Cruise Ship Order

Dec 19, 2014

Fincantieri SpA has been awarded an order by Carnival Corporation & plc for the construction of two new cruise ships for Carnival Cruise Line and Holland America Line. Both will be sisters ships respectively to Carnival Vista and Koningsdam…

CSCL Globe: Maiden Voyage for World's Largest Containership

Dec 19, 2014

The world’s largest container vessel CSCL (China Shipping Container Lines Co.Ltd) Globe has held a grand maiden voyage ceremony in Singapore on Thursday.The world's newly crowned largest ship by container volume made her imposing maiden call on Singapore on Thursday- dwarfing nearby vessels…

Norfolk Naval Shipyard to Increase Workforce

Dec 19, 2014

Norfolk Naval Shipyard is planning to expand its workforce by 1,500 workers in an effort to keep up with worker attrition and looming ship repair workload, according to a report on http://hamptonroads.com.Already one of the top employers in Hampton Roads…

The fate of North Sydney’s Archibald Wharf sale in cross-roads

Dec 19, 2014

Residents in North Sydney are upset and angry over the proposed sale of the Archibald Wharf, demanding answers on plans to sell the municipally owned wharf. The buyer has second thoughts now. According to a section of Australian media, a…

Pearl Harbor Shipyard plans to hire 731 workers

Dec 19, 2014

Pearl Harbor Naval Shipyard is planning to hire 731 workers this fiscal year, a significant boost for high-paying jobs at the Hawaii's largest industrial employer, according to a report on  http://www.hawaiinewsnow.com.If you're looking for a job…

Alps Wire Rope Announces New Hires

Dec 18, 2014

Alps Wire Rope Corporation announced the several recent additions and promotions. Jim Miner has been appointed Regional Manager for the North Central and Midwest area, bringing six years of wire rope experience at Alps Wire Rope Corporation…

Logistics News

Russian Oil Freight Rates to India Remain High

Russian Oil Freight Rates to India Remain High

EU Wheat Falls Further As Market Awaits Black Sea Diplomacy

EU Wheat Falls Further As Market Awaits Black Sea Diplomacy

Russia Ships More Than 10 Million Barrels of Crude to China Via Northern Sea Route

Russia Ships More Than 10 Million Barrels of Crude to China Via Northern Sea Route

Baltic Index Hits Almost Five-Year High

Baltic Index Hits Almost Five-Year High

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German industrial orders are increasing due to large-scale orders
Typhoon Saudel floods China's coast with torrential rain
Bild reports that German police are responding to new attempts at sabotage on power grids.