September 10th, 20190French insurance consultancy Verlingue, part of the Adélaïde Group, has announced the acquisition of marine insurance broker Groupe Eyssautier bolstering both its marine and transport expertise. Founded in 1935 and run by the Eyssautier family for three generations, the Groupe Eyssautier is a specialist in marine and transport...
September 3rd, 20198Bloomberg is reporting that China Merchants Group is looking to invest in more ports owned by French containerline giant CMA CGM. The Chinese company already owns a 49% stake in CMA CGM’s Terminal Link, which it bought for $443m six years ago. Terminal Link has 13 terminals across the world. The French line also has another port...
September 2nd, 20190Japanese owner NYK says it has signed a new long-term contract with Total subsidiary Total Gas & Power Chartering Limited for one of its LNG carriers. The vessel is currently under construction at Samsung Heavy Industries in South Korea, and is scheduled for delivery in 2021. It will be equipped with a WinGD dual-fuel slow-speed...
August 28th, 20198Shipping is divided on French president Emmanuel Macron’s call on Saturday to legislate for a global speed limit for ships. Macron said ahead of hosting the G7 summit in Biarritz over the weekend that getting world shipping to commit to slower speeds would be at the top of his environmental agenda. France has already tabled the...
August 28th, 20190Construction support vessel , owned by France’s Bourbon and Dutch outfit Oceanteam, has been awarded an extension until mid-November 2019. The initial charter started in 2016, and with options can be extended through to the first quarter of 2020. The 2007-built vessel has been assisting with installing jumpers and X-mas trees for...
August 27th, 20191Oil and gas service provider TechnipFMC has announced a plan to split the company into two independent public companies. The company, which is the result of a 2017 merger between Technip and FMC Technologies, plans to divide into RemainCo, a fully-integrated technology and services provider, and SpinCo, an engineering and construction...
August 27th, 20192Regulating the speed of ships is back in the news with France’s president, Emmanuel Macron, stating publicly on Saturday that the initiative was his number one environmental goal. "Very solemnly, for the first time, we will engage with shipping companies to reduce the speed ," Macron said ahead of the opening of the G7 summit in...
August 26th, 20193While many of its peers including Maersk, Cosco and Mitsui OSK Lines (MOL) have made Arctic trips, France’s CMA CGM has ruled out moving cargoes through the area. In a tweet, Rodolphe Saade, the chairman of the French containerline, said he had decided that his company will not use the Northern Sea Route. “This is a bold choice...
August 26th, 20190France and India are joining forces to create the world’s first space-based automatic identification system (AIS) to track merchant ships on a real-time basis. Jean-Yves Le Gall, president of France’s Centre National d'Etudes Spatiales and K Sivan, chairman of the Indian Space Research Organisation, have signed an agreement to...
August 22nd, 20190TechnipFMC has been awarded a major integrated engineering, procurement, construction and installation contract by Shell for the PowerNap project, located in the Gulf of Mexico. TechnipFMC will design, manufacture and install subsea hardware, including subsea tree systems, subsea distribution controls, topside controls, flying leads...
