News


Fitch: U.S. Port Growth Steady as NAFTA Decision Looms

U.S. ports are positioned for another solid year of growth, though the Trump administration's evolving stance on both domestic and international trade is a long-term development worth a close watch, according to Fitch Ratings in its latest sector briefing.

MJP Welcomes Back Morén as International Sales Manager

Marine Jet Power (MJP) has 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.

Liverpool’s Battle of the Atlantic Memorial Campaign Plans American Tour

The campaign to build a £2.5m ($3.5m) memorial to the Battle of the Atlantic on Liverpool’s iconic waterfront is planning an awareness raising tour of America after receiving the backing of the British Ambassador to the USA Sir Kim Darroch.

Diana Containerships Sells Panamax Container Vessel

Diana Containerships announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 2006-built vessel “New Jersey” for demolition,

New Milestone for Nauticor`s LNG Bunker Operation

Nauticor has conducted the largest-ever LNG bunkering operation in Germany in the Elbehafen in Brunsbüttel.   The hopper dredger "Scheldt River" received 85 tons of the environmentally-friendly fuel in a truck-to-ship operation this week.

Container Shipping Struggles with Overcapacity: McKinsey

 The container shipping industry is expected to continue to struggle with overcapacity and an inability to deliver value to shareholders, warns consultancy McKinsey & Company in its latest report.   As container lines search for successful paths forward,

Ammar Kanaan Appointed CEO of Terminal Investment by MSC

 The shipowning group Mediterranean Shipping Company (MSC) has appointed Ammar Kanaan as Chief Executive Officer of its cargo container terminals arm Terminal Investment Limited (TiL).  TIL directly manages or crosses 53 container terminals in ports of five continents.

Statoil Extends Contract with Viking Energy

 Norwegian oil major Statoil has declared a one-year option for the Platform Supply Vessel (PSV) Viking Energy from April this year, in direct continuation of current contract.   Eidesvik said on Monday that Statoil exercised a one-year option for Viking Energy.

Dry Bulk, Container Markets Strengthened in 2017: Torvald Klaveness

 The tanker market remained subdued, while the dry bulk and container markets strengthened during 2017, said Norwegian shipping company Torvald Klaveness.   Torvald Klaveness managed to improve its financial results in 2017,

RollDock, SAL Heavy Lift Form Dock Vessels Pool

RollDock and SAL Heavy Lift announced plans to join forces for roll-on/roll-off and float-in/float-out heavy lift cargoes, saying they will launch a “world’s first” pool for dock vessels from April 1, 2018.

Gazprom to Reorganise Export Operations

Russian energy giant Gazprom said on Monday it planned to reorganise its export operations to create an integrated international distribution unit responsible for all of its export deliveries, trading and marketing.

Truckers in Argentina Lift Strike, Freeing Grain Exports

Truckers in Argentina ended a strike that had stalled grain exports and agreed to meet with transportation authorities later this month to resolve their differences, the government said on Saturday.   Nearly