News


Ocean Yield Acquires Two Handysize Dry Bulkers

 Norwegian shipowner  Ocean Yield announced that 100% owned subsidiaries of the Company has agreed to acquire two 2018 built handysize dry bulk vessels with 12-year bareboat charters to companies owned and guaranteed by Louis Dreyfus Armateurs Group (LDA).

Transocean Amends Drilling Contract

 Transocean announced that an agreement has been reached with the incumbent customer to amend the drilling contract on the harsh environment semisubmersible Transocean Leader.   The rig experienced equipment breakdown that could not be repaired timely,

Philly Shipyard Order Backlog Touches USD 187.7 mln

 As of 31 December 2017, Philly Shipyard had an order backlog of USD 187.7 million. The contract with Matson (Hulls 029-030) provides for shipbuilding activity with delivery dates through Q1 2019.   On 20 November 2017,

Hafnia Tankers Inks Fresh Sale and Leaseback Deal

 Denmark-based shipping company Hafnia Tankers has successfully completed a sale and leaseback in the Japanese market through the sale and leaseback of its 2010 built LR1 tanker, MT Hafnia Australia.     The

Northern Offshore Sells Semi-Sub

 Northern Offshore announces it has sold its semisubmersible Energy Driller to an unnamed party for conversion to alternative use.     The unit had previously been cold stacked at a shipyard in Bahrain following completion of a term drilling contract in India.

Morén Rejoins MJP

Marine Jet Power (MJP) welcomed Nils Morén as International Sales Manager responsible for sales in Israel, India, Taiwan and South Korea. In this role Nils will be responsible for business development and customer relations, reporting to MJP CEO, Magnus Sörenson.

Annual Towing Forum Returns to SUNY Maritime

For nearly 20 years, leaders of the tug and barge industry in the region have converged on SUNY Maritime College in the spring to discuss current issues and initiatives facing the industry. This year

P&R Water Taxi Signs with MobileOps

MobileOps, Inc. has signed a deal with P&R Water Taxi, LLC, a vessel operator in the Hawaiian Islands.   P&R Water Taxi will utilize the MobileOps Platform across its fleet of vessels to bolster its safety,

Goldman Sachs, Macquarie Front Runners in HES Terminal Sale

A consortium of infrastructure funds at Goldman Sachs and Macquarie is seen as the front runner in the sale of European bulk port terminal operator HES International, worth around 2 billion euros ($2.

Rotterdam Port CEO "preparing for the worst" with Brexit

The Port of Rotterdam is bracing for a British exit from the European Union without any deal on customs, and looking at measures such as hiring 100 extra customs agents and dozens of fresh produce inspectors.

BIMCO Lists Three Best Performing Bulk Terminals

 The three best performing dry bulk terminals in the world are Santander and Bilbao in Spain and Quebec in Canada, according to BIMCO’s 2017 Dry Bulk Terminals Vetting Report.   Santander was rated

Wallenius Wilhelmsen Logistics Doubles Footprint in Port of Zeebrugge

 Wallenius Wilhelmsen Logistics has signed a concession agreement with the Port of Zeebrugge to develop 49 hectares of land known as the Bastenaken West property located in the inner port.    With this concession, in place until 2043, the company will nearly double its terminal footprint.