Sub-continent markets have taken a turn for the worse this week, as collapsing steel prices in India and Eid holidays in Pakistan, Bangladesh, and Turkey have led to depressed sentiments and virtually no new offers emanating on any available tonnage…
Royal Caribbean Group on Thursday flagged slow summer demand for European cruises due to the Ukraine crisis, after a dull first quarter as it reeled under a resurgence in COVID infections in some parts of the world.Shares of the cruise operator fell about 5% to $73…
MidAtlantic Engineering Partners (MidAtlantic), a civil, environmental, and marine engineering and surveying firm, is pleased to announce that W. Stuart Lewis, P.E. is a partner in the firm. Since joining MidAtlantic, he has successfully led the company’s Marine Services Division…
Shannon Foynes Port Company has selected Bechtel to update its Vision 2041 master plan to accommodate offshore and onshore investment within and near its harbor in Ireland. Bechtel will support the company in considering how to deliver significant growth and expansion of the port…
General Dynamics appointed Gulfstream Aerospace executive Charles F. Krugh as president of General Dynamics Bath Iron Works.“Chuck’s leadership, proven track record in manufacturing and expertise in managing complex supply chains will be an…
Oslo-listed LNG FSRU specialist Höegh LNG has appointed Erik Nyheim as the new President & CEO, effective from mid-August this year.Nyheim comes from the position as Partner of Boston Consulting Group's Norwegian office where he has successfully led their maritime practice since 2019…
Supply chain management and logistics solutions firm DB Schenker plans to build a fully-electric, zero-emission, un-crewed coastal container feeder to serve the route between Ikornnes quay and the Port of Ålesund in Norway. DB Schenker, and its cooperation partners…
Maersk has found possible buyers for its stake in Global Ports Investments, which operates ports in Russia as it withdraws from the country following a final cargo shipment this week, the Danish shipping group said on Wednesday.Maersk put its 30…
Abu Dhabi's AD Ports Group and the Red Sea Ports Authority have signed a Term Sheet and a Head of Terms agreement for what they say are major port projects along Egypt’s coastline, including multi-purpose terminals, and cruise ship berths.The first agreement will see AD Ports Group develop…
Cruise line Azamara has officially added Azamara Onward vessel to its now four-ship fleet on Tuesday, following a festive naming ceremony in Monte Carlo. The christening ceremony was led by the President of Azamara, Carol Cabezas, and Azamara Onward Godmother…
Maintenance dredging operations have commenced at the Port of Weipa in Australia, North Queensland Bulk Ports Corporation (NQBP) announced.The trailing suction hopper dredge (TSHD) Brisbane began work in late April for a dredging program that is expected to last about eight weeks…
Cavotec reports it has won a shore power order valued at €15.7 million from a major global container shipping line. Deliveries are scheduled to start in the fourth quarter of 2022 and continue throughout 2023 and 2024.Cavotec is to supply its…
Over the last two years a series of unexpected events has scrambled global supply chains. Coronavirus, war in Ukraine, Brexit and a container ship wedged in the Suez Canal have combined to delay deliveries of everything from bicycles to pet food…
Finland-based cruise shipbuilder Meyer Turku saw its full-year 2021 net loss widen, despite a somewhat higher turnover compared to 2020. Still, the company said it was a 'satisfactory result in the midst of a protracted pandemic.'The company's turnover was EUR 1…
Norwegian cruise shipping company Havila Voyages has canceled an upcoming roundtrip in Norway with the Havila Capella cruise ship, citing unresolved issues with the ship's insurance coverage.'There is still an unresolved situation related to Havila Capella's insurance coverage…
