Italian shipbuilder Fincantieri has posted higher earnings in the first nine months, but said the result was hit by losses at its Vard unit. Revenues increased by 9.7% at euro 4,254 million (euro 3,878 million at 30 September 2018).Fincantieri…
Global Ship Lease (GSL), a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships, said that S&P Global Ratings has raised its long-term issuer credit rating.According to the London-headquartered company…
Valletta Cruise Port has welcomed Sky Princess, Princess Cruises’ brand-new ship debuting this October. Sky Princess features exciting entertainment venues, new dining choices and award-winning chef partnerships and can accommodate up to 3,660 passengers with over 1…
Imports at the nation’s major retail container ports are expected to see their final surge of the year this month ahead of new tariffs set to take effect in December, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates…
The oil market has recently been shaken up by geopolitical events, but volatility in the price difference between low and high sulphur fuel cannot be explained by that alone – the uncertainty is the chaos factor.The uncertainty of the upcoming…
In September 2019, in a milestone agreement, Namdock concluded a contract to maintain and repair the vessels of the Marinha de Guerra Angolana (MGA), the Angolan Navy.According to Namdock’s Commercial and Operations Manager, Willie Esterhuyse…
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for a ninth straight session on Friday, on weaker demand for capesize and panamax vessel segments.The Baltic index, which reflects rates for capesize…
Lithuania-based oil and LNG terminal operator Klaipėdos nafta (KN) appointed Darius Silenskis as the new CEO. Until now, D. Silenskis held the position of director of KN Oil business.The selection procedure of the new CEO was carried out by…
Denmark-based Ørsted A/S, offshore wind giant, is expanding rapidly in the US within the development and construction of offshore and onshore wind power as well as solar PV.The growing portfolio enables Ørsted to increasingly trade the green power generated by the wind and solar farms…
Inland shipping vessel Sendo Liner, built by Concordia Damen shipyard in Netherlands, has won the KNVTS Ship of the Year 2019 Maritime Award.The award jury highlighted the vessel’s ‘future-proof’ propulsion configuration (diesel-electric supplemented…
'Women bring intelligence and high skills to all fields of the shipping industry – let’s throw off the bowlines!”.This is the message from Port Captain Basak, one of the latest maritime women being featured by International Maritime Organization…
BIMCO members can now monitor the price spread between Marine Gas Oil Low Sulphur and 380 centistoke High Sulphur Fuel Oil in 32 different ports around the world with daily information supplied by MABUX.The service is intended to assist members…
Kooiman Marine Group has obtained a contract from the Port of Antwerp to design and build 2 aluminium patrol vessels. In ordering the hybrid enforcement vessels, the Port of Antwerp is emphasizing the port’s sustainability and safety ambitions…
Shipbuilder Metal Shark is significantly expanding its presence in the fireboat market with a diverse range of fireboats currently in production for multiple customers. Most notably, the company has announced a custom “70 Defiant” fireboat to be built for Canaveral Fire Rescue in Cape Canaveral…
ABS has received the ISO 45001:2018 certificate, which demonstrates compliance with the new global standard recognizing the management system for a safe and healthy workplace.“This is a significant accomplishment that places ABS at the forefront…
