News


DP World Launches Expansion of Port in Somaliland

Dubai state-owned port operator DP World launched on Thursday a $101 million project to expand a port in the breakaway region of Somaliland.Somaliland broke away from Somalia in 1991 and has acted as a de-facto independent state since then but is not internationally recognized.

Maritime Administration Issues RFP for NSMV Training Vessels

Vessel Construction Manager Will Deliver National Security Multi-Mission Vessel. Today, the Maritime Administration (MARAD) released a Request for Proposal (RFP) to solicit for a Vessel Construction Manager

Boskalis Nominates van Noort as New CFO

Royal Boskalis Westminster N.V. has nominated Carlo van Noort to be appointed as Chief Financial Officer (CFO) of Boskalis at the Annual General Meeting of Shareholders (AGM) in May 2019. The term of the current CFO, Hans Kamps, expires on the date of that same AGM.

Panama Canal Sets Record Annual Cargo Tonnage

The Panama Canal closed its 2018 fiscal year with a record tonnage of 442.1 million Panama Canal tons (PC/UMS), which represents a 9.5 percent increase from the previous year, the Panama Canal Authority reports.

Ceva Logistics Rejects $1.55 Bln Takeover Approach

Transport company Ceva Logistics on Thursday said it had rejected an unsolicited takeover attempt, saying the 1.53 billion Swiss franc ($1.55 billion) offer undervalued the recently floated company.An unnamed suitor offered 27.

Fredriksen's Flex Raises $300 Mln for LNG Newbuilds

Flex LNG, controlled by Norwegian-born billionaire John Fredriksen, has raised $300 million in a private placement of shares to help pay for five new vessels costing $918 million, it said on Thursday.

Record Cargo Project Loaded in Port of Venice

Two hydrocracking reactors made by ATB Riva Calzoni have sailed on board the BigLift company’s Happy Star ship, with their destination the first private Nigerian refinery owned by Dangote Refining Ltd.

LNG Report: Floating Liquefaction & Regasification

International Maritime Associates has completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals.   The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector.

CMA CGM Says No Plans to Take Over Ceva Logistics

French shipping company CMA CGM has no plans to launch a full takeover for Ceva Logistics after the Swiss transport company on Thursday said it had rejected a $1.5 billion takeover offer from a third party.

Singapore Exchange to Launch High-grade Iron Ore Derivatives

The Singapore Exchange said on Thursday that it will launch new high-grade iron ore derivatives in December, aiming to tap into a growing appetite for higher quality supplies of the steelmaking raw material.

Major Hull Section for American Harmony Moved To Launchways

American Harmony’s lower bow section has moved from Fabrication Building #4 at Chesapeake Shipbuilding to the Assembly Launchways. The second new ship in American Cruise Lines five-ship, modern riverboat series is well on its way to completion.

Russian Watchdog to Check Grain Loading Points

Russia will inspect grain loading at ports due to complaints from major buyers about falling crop standards, the head of agriculture safety watchdog Rosselkhoznadzor was quoted as saying by the RIA news agency on Thursday.