DP World has entered into two transactions to monetise its interests in two container terminals & a logistics centre in Hong Kong. The transactions will see DP World monetise 75% of its interests in CSX World Terminals Hong Kong Limited (CT3)…
Due to an increase in tourism, Egyptian coral reefs are important to its economy: official records show 170 damage incidents.The UK P&I Club has issued the following advisory circular to its members: Vessel groundings are a large threat which coral reefs face…
COSCO (Zhoushan) Shipyard Co., Ltd. has delivered a 57,000 dwt bulk carrier 'Ocean Master' to its European buyer.The new bulk carrier measures 189.99 meters in LOA and 32.26 meters in breadth.COSCO Corporation (Singapore) Limited has one of the largest Ship Repair…
ABB signs a $260 million service contract with A/S Norske Shell for operations at the Draugen and Ormen Lange oil & gas fields.The contract is for a period of 9 years and requires ABB to provide integrated service and support solutions for…
Experts explore future of wind energy research in two-day symposium at the University of Delaware Energy Institute (UDEI).How would wind turbines in the ocean alter the wind flow? Is wind energy a practical solution for powering electrical grids…
The vessel 'Long Beach' reportedly loaded at Vancouver's Mitsui-UGC terminal where union dockworkers are locked out.The ITF is keeping the port under close watch. Following the Long Beach incident it will be contacting the vessel’s owners…
UK's James Fisher & Sons plc announces its results for the year ended 31 December 2012.Highlights:· Revenue increased by 18%, underlying operating profit by 14% and underlying earnings per share 15%· Strong performance resulting…
PC Maritime’s Navmaster ECDIS ordered for Bourbon’s latest generation IMR (Inspection, Maintenance & Repair) vessels.The new ships are beign built in Zheijiang shipyard, China. Four dual Navmaster ECDIS 800 have been supplied, with a further five vessels to be equipped this year and in 2014…
The Oil Companies International Marine Forum (OCIMF) clarifies & recommends minimum scope of statutory Emergency Response Services (ERS).According to current regulations oil tankers must have prompt access to computerized, shore-based damage…
CIRI Alaska Tourism Corporation (CATC) orders a 150-passenger catamaran for KFT to add to its 12-vessel fleet, with delivery in early 2014.CATC is making investments in its Seward-based Kenai Fjords Tours operation as well as at its Kenai Fjords Wilderness Lodge…
Irving Shipbuilding welcomed Rona Ambrose, Minister of Public Works and Government Services Canada, and Peter MacKay, Minister of National Defense, to Halifax Shipyard to mark the start of the Definition (Design) phase of work for the first set of new naval combat vessels for Canada…
Winners Recognized for Innovative Products for OffshoreThe Offshore Technology Conference (OTC), which takes place May 6-9 in Houston, has announced 15 technologies that will receive the 2013 Spotlight on New Technology Award recognizing…
Transocean Ltd. announced that certain Funds affiliated with Carl Icahn submitted to the company for vote at its 2013 Annual General Meeting of Shareholders (AGM) a dividend proposal of $4.00 per share. Additionally, the Funds provided a notice…
Nor-Shipping 2013 opens just three months from now with a cast of speakers featuring top executives from world-leading companies covering the entire value chain of themaritime industry – from shipowners and technology and service companies to regulators and financiers…
Teledyne Technologies Incorporated announced today that it has completed the acquisition of RESON. RESON, headquartered in Slangerup, Denmark, provides high-resolution marine acoustic imaging and measurement solutions. The acquired company will operate under the name Teledyne RESON…
