Australia Joins US-Led Coalition to Protect Ships in Strait of Hormuz
Posted On: 20-08-2019
Australia has decided to join the United States-led mission to ensure freedom of navigation and safe passage through the Strait of Hormuz amid heightened tensions with Iran. According to the country’s Prime Minister, Scott Morrison, Australia would deploy a frigate in January 2020 for six months, a P-8A Poseidon maritime surveillance aircraft for one month before the end of 2019 and ADF personne..readmore
Meriaura Group Wants to Create Zero-Waste Fleet
Posted On: 19-08-2019
Finnish shipping group Meriaura Group has revealed its ambitions of creating a zero-waste fleet in the coming period. In late 2018, the group, which comprises Meriaura and VG-Shipping, announced the research collaboration with the Finnish Transport Safety Agency (Trafi) for reducing ship-generated waste. As explained, the purpose of the study was to assess what measures could be taken by the shipo..readmore
World Ports Sustainability Program Welcomes Baltic Ports Organization
Posted On: 19-08-2019
The Baltic Ports Organization (BPO) has joined the World Ports Sustainability Program following the signing of the WPSP declaration by BPO Secretary-General. Guided by the UN’s 17 Sustainable Development Goals (SGDs), the program aims to enhance and coordinate future sustainability efforts of ports worldwide, fostering international cooperation with partners in the supply chain. “We are deligh..readmore
Avance Gas Fetches USD 515 Mn Refinancing
Posted On: 07-08-2019
Norway-based LPG shipping firm Avance Gas Holding has received commitments for a USD 515 million credit facility. The company said that the new loan would enable full refinancing of its outstanding debt, evidencing the strong support from the shipping banks and maintaining attractive cash break-even of USD 22,500/day. The commitments are subject to documentation and customary closing procedures. A..readmore
FSL Trust Pens Pool Deal with Heidmar for LR2 Pair
Posted On: 07-08-2019
FSL Trust Management, the trustee-manager of Singapore-based First Ship Lease Trust, has sealed a new pool agreement for two LR2 vessels with U.S.-based tanker operator Heidmar. The ships in question are 2006-built FSL Piraeus (ex-Torm Margrethe) and FSL Perth (ex-Torm Marie), which have recently returned from their bareboat charters and have now been renamed. Under the arrangement, the two 109,67..readmore
Construction Begins on Hapag-Lloyd Cruises’ Third Hanseatic Unit
Posted On: 13-08-2019
Construction of the third unit in the Hapag-Lloyd Cruises’ Hanseatic series is officially underway, the Germany-based company has announced. Hanseatic Spirit, as the ship will be named, started construction after a contract for its design and construction was awarded to Vard in July 2018. The hull for the expedition cruise vessel will be built by Vard in Romania and the ship is scheduled to be d..readmore
Ponant Plans to Acquire Paul Gauguin Cruises
Posted On: 12-08-2019
French cruise company Ponant has revealed its plans to acquire Paul Gauguin Cruises, the operator of cruises in French Polynesia and the South Pacific. The cruise line operates the 1997-built luxury cruise ship Paul Gauguin, which currently sails year-round to Tahiti & Society Islands, Cook Islands, French Polynesia, Fiji, Marquesas, Tonga, Tuamotus, Australia & New Zealand. Paul Gauguin Cruises..readmore
ADNOC Logistics & Services joins SHIPTEK 2019 Singapore as MAIN SPONSOR
Posted On: 10-07-2019
02.07.2019, Sharjah, UAE: ShipTek 2019 is proud to announce that ADNOC Logistics & Services (ADNOC L&S), the maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC) has joined Shiptek2019 as main Sponsor. The company is the Gulf’s largest fully integrated maritime logistics company, providing shipping, marine services, offshore logistics readmore
Posted On: 13-09-2018
Returning once again to the Cannes Yachting Festival, running from 11 to 16 September, Azimut reveals exclusive models that combine luxury with comfort UAE- 13th of September 2018: With the new boat show season that has just started in Cannes, Azimut Yachts, the world’s leading yachts manufacturer with 7 offices in the Middle East including UAE, achieved an excellent year as Azimut Benetti..readmore
Posted On: 09-09-2018
The first event of its kind that gathers decision makers in the maritime industry to discuss methods to develop the legal and procedural framework of the UAE ports in addition to improving the efficiency of its infrastructure and technology Dubai – United Arab Emirates – 10th of September 2018: Under the patronage of the Federal Transport Authority for Land and Maritime “FTA”, Tactics Mar..readmore
Announcing Shipping2030 Europe, co-located with Green Ship Technology
Posted On: 16-02-2017
Creating the future of shipping New technologies, shifts in the global economy and demographics, rapidly evolving consumer demands and environmental pressures are reshaping the market shipping serves. The industry’s regulatory structure, communications, financing, commercial and operational practices are all out of synch with the digital age and are also failing to optimise its benefits. Tak..readmore
Croatian FLNG Terminal Delayed
Posted On: 26-01-2017
Croatia's FLNG terminal in the northern Adriatic will take a year longer to complete than initially expected, reports Reuters. The capacity of the terminal, now expected to be finished in 2019, is seen at around 2 billion m3 of gas a year, with Croatia targeting central European markets as well as domestic. The terminal, to be built on the northern Adriatic island of Krk, is among projects th..readmore
India Steamship to Sell Four LR2 Tankers
Posted On: 26-01-2017
Kolkata-based shipping company India Steamship has reached an agreement to sell all four of its LR2 tankers to Greek Enterprises Shipping and Trading, according to data provided by VesselsValue. Under the deal, the company will sell the 2008-built Ratna Namrata, Ratna Shradha, Ratna Shruti and the 2010-built Ratna Shalini. Each featuring 105,800 dwt, the tankers were constructed by the South Kore..readmore
CMA CGM, COSCO Shipping Ports Enter Cooperation Deal
Posted On: 26-01-2017
China-based COSCO Shipping Ports and CMA Terminals Holding, the CMA CGM port subsidiary, have signed a memorandum of understanding (MOU) to reinforce cooperation in port operations and investments. Under the deal, signed on January 20, the two parties said they would cooperate in ports worldwide and preference will be given to ports that the Ocean Alliance calls. Both sides have also agreed to p..readmore
New LNG-Powered Ferry Megastar
Posted On: 24-01-2017
Estonian shipping company Tallink took delivery of its new liquefied natural gas (LNG)-powered fast ferry Megastar from Finland-based Meyer Turku Shipyard on January 24. Built under an EUR 230 million investment, Megastar is 212 meters long and capable of carrying up to 2,800 passengers. Dubbed the most advanced fast ferry in the Baltic Sea, the new vessel is scheduled to start operating between..readmore
Acta Marine Orders Wind Farm Vessel
Posted On: 24-01-2017
Netherlands based ship owner Acta Marine B.V. has placed an order with Ulstein Verft AS for the construction of a DP2 construction support vessel (CSV) primarily aimed at the offshore wind market. The vessel, which carries the new SX195 design from Ulstein Design & Solutions AS, offers in-field flexibility, winter workability, safe transfer of people and cargo, optimized on-board logistics, hi..readmore
FSDEA to Invest in First Deep Sea Port in Angola
Posted On: 16-10-2018
The Fundo Soberano de Angola (FSDEA), Angola’s sovereign wealth fund, has committed to invest USD 180 million in a strategic deep-sea port in Cabinda, Angola as part of its USD 1.1 billion infrastructure fund. This investment will create the first deep sea water port in Angola, which will be built in two phases. Phase 1 will result in a terminal of 630-meter length connected to the shore via a ..readmore
Ulstein Delivers Its Largest Offshore Construction Vessel
Posted On: 19-01-2017
Norwegian shipbuilder and ship designer Ulstein delivered an offshore construction vessel (OCV), Island Venture to Island Ventures 5 LLC, a joint venture between Edison Chouest Offshore from the USA and Island Offshore from Norway on January 17, 2017. The 14, 248 dwt Island Venture is said to be Ulstein’s largest OCV yet, can accommodate 239 persons, with length of 160 meters and a width of 30 ..readmore
Tata to Invest in Swan LNG project
Posted On: 19-01-2017
Tata Realty and Infrastructure Ltd (TRIL) is taking 10 percent stake in a Rs. 5,900 crore ($867 mln) floating LNG import terminal being set up by Nikhil Merchant led Swan Energy in Gujarat. This will be the first investment by Tata Group in gas business. TRIL was established in 2007 to pursue opportunities in the real estate and infrastructure sectors. It is a wholly-owned subsidiary of Tata Son..readmore
HMM Acquires 20% Stake in Long Beach Terminal
Posted On: 19-01-2017
Hyundai Merchant Marine Co. (HMM) South Korea said that it will buy 20-percent stake of the company that runs the biggest container terminal at Long Beach Total Terminals International terminal (TTI), Calif., the U.S. HMM will now become the No. 2 stakeholder in TTI after Geneva-based Mediterranean Shipping Co (MSC). TTI operates terminals at Seattle and Long Beach. HMM will receive the same..readmore
