Sector
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Port of Cromarty Firth moves to become floating offshore wind hub
Port of Cromarty Firth in Scotland has signed a letter of intent with French company IDEOL in a bid to…
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TGS awarded two new projects offshore Brazil
Offshore seismic specialist TGS has been awarded a pair of new contracts for work offshore Brazil. In partnership with China’s…
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Shipping’s $5bn decarbonisation R&D fund proposal comes in for attack
With the hybrid short term emissions cutting measures agreed yesterday, much of the remaining days of the 75th gathering of…
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ZIM notches record Q3 net profit while Maersk records stunning EBITDA margin of 25.4%
Proof of the extraordinary fortunes liner shipping is enjoying of late was delivered today with stunning Q3 results from Maersk…
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CMA CGM markets new carbon neutral offerings
CMA CGM, the world’s fourth largest containerline, has debuted a series of offerings to help clients lighten their environmental footprint.…
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MEPC agrees on hybrid emissions measures
As expected, member states at the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC) rubber stamped plans outlined last…
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ADS, shorn of its VLCC fleet, outlines future investments
Bjørn Tore Larsen, chairman of ADS Crude Carriers, has outlined why the company decided to sell off its fleet of…
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China urged to let stranded crew leave
The International Transport Workers’ Federation (ITF) is urging the governments of China, India and Australia to collaborate and urgently end…
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Sapura Energy wins new contracts worth $148m
Malaysia’s Sapura Energy has announced the award of several contracts in both engineering and drilling worth a total of around…
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Windthrust unveils floating port and installation vessel for offshore wind farms
Windthrust, a wholly owned subsidiary of Perth-based National Ports Corporation, has revealed its plans to develop a combined self-propelled floating port…
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Aker Offshore Wind raises cash for Principle Power investment
Norway’s Aker Offshore Wind has completed a private placement, raising NOK300m ($33m) of which NOK180m has been used to increase…
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Prysmian secures cable supply and installation contract from RWE Renewables
Italy’s Prysmian Group has secured a contract from RWE Renewables for the design, supply, offshore route preparation, installation, commissioning and…
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Arribatec Solutions acquires IB Marine Group
Oslo-based software and consulting company Arribatec Solutions has entered into agreements to secure an option to acquire IB Marine Group,…
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Container facilities get the airport code touch
Like airports have codes such as LAX or HKG, container facilities now have a standardised 9-letter identifying code as of…
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‘Chinese authorities say there needs to be a rates ceiling’: Saadé
Rodolphe Saadé, chairman of CMA CGM, the world’s fourth largest containerline, has discussed the pressure liners are coming under from…
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Australia sets date to get seafarers back to their pre-Covid-19 contracts
The Australian Maritime Safety Authority (AMSA) has announced that from 28 February 2021 the interim Covid arrangements which have permitted…
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PIL defaults on notes payment
Under pressure Pacific International Lines (PIL) told the Singapore Exchange on Monday it would not pay back S$60m ($44.6m) of…
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Navios Maritime Partners moves to take full ownership of Navios Containers
Angeliki Frangou’s Navios Maritime Partners (Navios Partners) has submitted a proposal to acquire all of the outstanding shares in Navios…
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Scorpio Bulkers offloads another five kamsarmaxes for $101.5m
Emanuele Lauro-led Scorpio Bulkers has announced the sale of another five kamsarmax bulkers, and has now sold a total of…
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Oldendorff seals Chinese financial leasing deal for ultramax sextet
CDB Financial Leasing, the leasing unit of China Development Bank, has announced the acquisition of six 60,000 dwt ultramax bulk…
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