Thursday, June 22, 2017

Navig8 Group Extends Services to Offshore Market

September 5, 2016 by  
Filed under Editorials, Top Stories

Maritime services provider Navig8 Group has decided to enter the offshore energy market with an agreements to purchase offshore marine services company RKOffshore Management (RKOM). Navig8 said that the completion of the acquisitions is subject to a number of conditions which should be agreed upon by the end of April. “We believe current dynamics within the energy […]

New Shipping Giant Enters the Scene

September 5, 2016 by  
Filed under Editorials, Top Stories

China Cosco Shipping Corporation Ltd was formally launched in Shanghai yesterday, a company created through the merger between China’s two shipping giants China Ocean Shipping (Group) Company and China Shipping Group. The new corporation enters the stage at a very tough period for the shipping industry suffering from overcapacity and low rates. However, China believes […]

Braemar Shipping Services Eyes More Mergers and Acquisitions

September 5, 2016 by  
Filed under Editorials

After it delivered stronger earnings through its merger with ACM Shipping which formed Braemar ACM Shipbroking, the UK-based Braemar Shipping Services plc secured new financing arrangements of up to GBP 30 million (USD 43.5 million) with British bank company HSBC for future merger and acquisition activities. The company’s Shipbroking division performance was driven by a strong […]

VesselsValue Launches VV Offshore

September 5, 2016 by  
Filed under Editorials

UK-based vessel valuation provider VesselsValue has introduced a new division, VV Offshore, with the aim of providing instant valuations and geographical information system (GIS) database of the offshore structures to the industry.  The introduction of the offshore division has been prompted by the market need for offshore vessel valuation in particular having in mind the […]

Subsea 7 Wins USD 1 Bn Contract

September 5, 2016 by  
Filed under Editorials

Oslo-listed Subsea 7 has been awarded a contact in excess of USD 1.3 billion by Beatrice Offshore Windfarm Limited (BOWL) for the engineering, procurement, construction and installation (EPCI) of the Beatrice wind farm turbine foundations and array cables, offshore Scotland, UK.  Subsea 7, in alliance with Seaway Heavy Lifting, will manage, design, engineer, fabricate and […]

Stena Line to Add Four New RoPax Ferries

September 5, 2016 by  
Filed under Editorials

Gothenburg-headquartered ferry company Stena Line has ordered four new RoPax ferries with planned delivery during 2019 and 2020, with an option for another four vessels, from AVIC Shipyard in China. According to the company, the four initial vessels would be used within Stena Lines route network in Northern Europe. “During the course of the past 24 months our engineering […]

Kongsberg Gets EPCI Deal for ICG’s RoPax Ferry

September 5, 2016 by  
Filed under Editorials

Norwegian company Kongsberg Maritime has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract with German shipbuilder Flensburger Schiffbau-Gesselschaft that includes engineering and maritime technology deliveries to a RoPax ferry for Irish Continental Group (ICG).  The project, worth NOK 120 million (USD 14.16 million), will be executed by Kongsberg Maritime and its wholly owned subsidiary […]

Kalmar to Extend More DP World’s Cranes in Antwerp

September 5, 2016 by  
Filed under Editorials

Finland-based port automation solutions provider Kalmar, part of Cargotec, has been awarded the contract to heighten three ZPMC ship-to-shore (STS) cranes operated by DP World Antwerp Gateway NV as the terminal readies for more cargo as well as for larger vessels The order was booked in Cargotec’s 2016 first quarter order intake, and the project […]

Two Giant Cranes Arrive at London Gateway

September 5, 2016 by  
Filed under Editorials

DP World London Gateway Port welcomed yesterday two new quayside cranes. At their highest point, they stand at 138 meters tall – the same height as the London Eye. The cranes completed the long-sea voyage from China via the Cope of Good Hope to arrive at London Gateway. They came on a specialized ship, the 1981-built Zhen […]

Wärtsilä Upgrades World’s Largest Homes on Water

September 5, 2016 by  
Filed under Editorials

The largest, private, residential ship on the seas, The World, operated by Fort Lauderdale-based ROW Management, Ltd., will be upgraded with a Wärtsilä Advanced Wastewater treatment system and a Wärtsilä Nacos Platinum system for navigation and external communication purposes. The Wärtsilä Advanced Wastewater solution will replace an existing system and keep the vessel in full compliance with […]

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