January 20th, 20200Taiwanese shipbuilder CSBC has announced the company and its offshore joint venture partner DEME will replenish capital into CSBC-DEME Wind Engineering to support the construction of a heavylift vessel. The joint venture is expected to make an investment of TWD1.05bn ($35m) by April for the vessel, which will be used for offshore...
January 10th, 20200Exmar Group, the gas arm of the Saverys’ empire, has announced a new management lineup and corporate structure. Francis Mottrie comes in to fill the role of deputy CEO from Exmar subsidiary Bexco, a producer of synthetic ropes. Mottrie has over 20 years in the maritime industry with CMB, Safmarine and Maersk. Nicolas Saverys, CEO...
January 2nd, 20200Belgian tanker giant Euronav has entered into a sale and leaseback agreement for three VLCC vessels with Taiping & Sinopec Financial Leasing. The three VLCCs - all 2008-built in Dalian - are the Nautica, Nectar and Noble. The vessels were sold for a net en bloc purchase price of $126m. The transaction produced a capital gain of...
December 10th, 20191The port of Antwerp is operating minus a gantry shore crane after yet another boxship collision. In squally conditions, the 9,200 teu broke its mooring yesterday afternoon and slammed into a crane at DP World’s Antwerp Gateway terminal. No one was in the crane at the time, which collapsed and forced a complete closure of the...
November 19th, 20190Belgium’s Euronav has entered joint ventures with affiliates of Ridgebury Tankers and clients of Tufton Oceanic, with each of the 50%-50% joint ventures having acquired a suezmax tanker. Euronav will also provide financing for the joint ventures, who have paid $40.6m for the pair. The vessels being delivered this month, and both...
November 12th, 20190Belgian tanker giant Euronav has signed a service agreement making Malaysia’s Linggi Port its supply base providing low sulphur fuel and other services for ships heading through Asia. Euronav had earlier this year sent one of its two ultra large crude carriers (ULCCs) to Kuala Linggi International Port (KLIP) for floating storage...
October 23rd, 20193Ship equipment manufacturers have a new lucrative sulphur cap side business - repairing corroded scrubber apparatus. Hydrex, the Belgian underwater repair specialists, has detailed how it is handling a growing number of scrubber pipe repair cases with plenty of reports of corrosion leading to water ingress on ships in as little as six...
October 23rd, 20190Belgian offshore service provider Jan De Nul has secured a contract for its newbuild jackup installation vessel Voltaire. The vessel will transport and install the world’s largest offshore wind turbines at GE’s Haliade-X at the Dogger Bank site off the Yorkshire coast. Jan De Nul ordered the vessel, featuring a lifting capacity...
October 21st, 20194Amid enormous competion across northern Europe, the Belgian ports of Antwerp and Zeebrugge are in discussions over a possible merger, something that could take another two years to compete. “he current cooperation between the two ports has little impact because of the existing competition, limited scope and low engagement,” the...
September 26th, 20190The Port of Antwerp has furthered its leading position in the development of hydrogen as a marine fuel, placing an order for a world-first hydrogen-powered tug. Dubbed Hydrotug, the vessel will be driven by combustion engines that burn hydrogen in combination with diesel. The motors also comply with the very strictest standard, the EU...
