South Korean shipbuilder Hyundai Mipo Dockyard (HMD), a unit of Hyundai Heavy Industries (HHI), has confirmed the KRW 110 billion ($100m) newbuilding order for four units of 1,800 TEU container carriers from Taiwanese shipping line Evergreen Marine Corporation…
The Marine Technology Society (MTS) announced that its membership has elected Dr. Josh Kohut, a professor at Rutgers University at the Center for Ocean Observing Leadership, to serve on its Board of Directors as the Vice President of Education…
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest private sector port operator, has agreed to buy a 75% stake in Krishnapatnam Port Co. Ltd (KPCL) at an enterprise value of INR 13,572 crore (US $1.9 billion). KPCL is located in the southern part of Andhra Pradesh…
International drilling contractor to the oil and gas industry Borr Drilling Limited announced the appointment of Mr. Neil Glass as a new director of the Board.Glass graduated from the University of Alberta in 1983 with a degree in Business.…
South Korean shipbuilder Hyundai Heavy Industries (HHI) Group, which includes the world's largest shipyard, aims for a revenue of USD 15.9 billion in 2020.Yonhap News Agency said the combined target of Hyundai Heavy Industries Co., Hyundai Samho Heavy Industries Co…
Adani Ports and Special Economic Zone (APSEZ) said on Friday it would buy a 75% stake in Krishnapatnam Port Co Ltd (KPCL) for an enterprise value of 135.72 billion rupees ($1.89 billion).The deal will take its domestic market share to 27% from 22% on a pan-India basis…
Evac, a supplier of integrated waste, wastewater, and water management systems for the marine, building and offshore sectors, has appointed Tapio Kolunsarka as new CEO of Evac Group effective 1 Jan 2020.He succeeds Tomi Gardemeister who has…
Italian cruise line Costa Cruises said that Costa Smeralda is the first ship in the Costa fleet to be fueled by liquefied natural gas (LNG). 'This is a step change for the cruise industry as a whole, guaranteeing a substantially reduced environmental impact…
The Members of Parliament (MPs) of Iranian Parliament (Majlis) approved the general outlines of a bill on attaching Shahid Kalantari Port and Shahid Beheshti Port to Chabahar Free Trade Zone in southeast of Iran.The attachment of two ports to…
Florida-headquartered international cruise line Carnival Cruise Line announced that the debut of its newest ship, Mardi Gras, will be pushed back until Nov. 14, 2020 after the Meyer Turku shipyard in Finland informed the cruise line “that the delivery will be delayed…
Singapore-headquartered provider of maritime transportation services in the drybulk and product tanker sectors, Grindrod Shipping Holdings is planning acquisition of an additional 33.25% stake in its IVS Bulk joint venture.'Grindrod Shipping is progressing negotiations to acquire all of the 33…
Yilport Puerto Bolivar, Ecuador’s first deep-sea terminal, will soon have a new fleet of ship-to-shore (STS) and electrified rubber tired gantry (E-RTG) that set sail from Oita, Japan, on December 30, 2019.Yilport said in a press release that the cranes will arrive on January 27…
A foreign cargo ship ran aground in Istanbul's Bosphorus strait on Friday, requiring a rescue operation and prompting authorities to temporarily close the picturesque and crowded waterway running through Turkey's largest city.There were no injuries or casualties…
Maritime and international trade attorney Lauren B. Wilgus has been elected partner at law firm Blank Rome, effective January 1, 2020.Wilgus, based in New York, focuses her practice on international and maritime litigation, alternative dispute resolution and business matters…
Konecranes said on Thursday it has completed the acquisition of Jebsen & Jessen’s 50% stake in MHE-Demag, as announced on December 5, 2019.The combined operations of Konecranes and MHE-Demag start on January 2, 2020.With the acquisition, Konecranes…
