News


SeaBird Exploration Acquires Geowave Voyager

SeaBird Exploration announced it is in an exclusive process to acquire the seismic vessel Geowave Voyager and certain seismic equipment from Exploration Vessel Resources II AS, a wholly owned subsidiary of CGG S.

Thoresen Thai Agencies Sells Bulk Carrier

 Thoresen Thai Agencies Public Company reported the sale of M.V. Thor Enterprise, a general cargo vessel with a rated capacity of 42,529 deadweight ton (DWT) built in 1995.   The Vessel was sold to a company which is not a connected person of the Company by Thoresen Shipping Singapore,

New Premises for Damen Marine Components

 Damen Marine Components Netherlands (DMC NL) has laid the first foundations for its new premises in Hardinxveld, the Netherlands. Construction of new buildings reflect growth potential following company merger.

Indian Ports Register 3.91% Growth

 The major ports in India have recorded a growth of 3.91% and together handled 174.02 Million Tonnes of cargo during the period April to June, 2018 as against 167.48 Million Tonnes handled during the corresponding period of previous year.

CMR Names Benhadid MD in Tunisia

CMR Group, the global Instrumentation Control and Automation specialists on energy, industry and marine, has appointed Zineddine Benhadid to lead its Tunisia manufacturing operation and oversee the development of its activities across the Region,

Growth Expected in Indian Logistics Industry

With industrial output and consumption-driven sectors recovering in H2 FY2018 from the initial lull post GST implementation, the freight demand in India has also reported healthy pickup during the second half of the previous fiscal.

LA, Antwerp Partner to Advance Port Technologies

In an effort to spur technology-based innovation in the port and maritime environment, the Port of Los Angeles and Port of Antwerp in Belgium  are hosting an international “Hackathon.” The technology competition will take place October 11-13,

ZPMC USA Expands Coast-to-coast

ZPMC USA is currently working on 25 cranes in nine locations that showcase a broad range of service capabilities.ZPMC USA has hired 50 new employees to support a coast-to-coast workload and its recently added parts division servicing the eastern and southern United States.

Trade War Could Impede US Transport Infrastructure Growth

An escalating trade war between the United States and some of its major trading partners would impair growth for U.S. airports, toll roads and ports over time if it slows the economy or triggers a recession, Fitch Ratings said on Wednesday.

Shipping’s Half Year Report: Extra Classes Needed?

With the industry hoping for better “grades” after the “effort” of recent years, this week’s Analysis updates our half year shipping report showing a ClarkSea Index up 9% y-o-y but still below trend since the financial crisis (see Graph of the Week).

Tuthill Named COO of SeaCube Container Leasing

Greg Tuthill has been named Chief Commercial Officer of SeaCube Container Leasing Ltd., one of the largest global container leasing companies in the world.Brought on board to drive strategic global growth, Tuthill will lead SeaCube’s global sales, marketing and trading teams.

China Will Hit Back After New US Tariffs

China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods.