News

EU to spend €37m to fight piracy in Eastern and Southern Africa
Thursday, May 23, 2013 The European Union (EU) has agreed to provide €37m to strengthen counter-piracy efforts in several Eastern and Southern African...

Paragon signs vessel finance deal with China Development Bank
Wednesday, May 22, 2013 Greece-based Paragon Shipping (PRGN) has signed a $69m loan agreement with China Development Bank (CDB Credit Facility) to part-fund a pair of under construction...

Cosco Pacific to sell stake in CIMC to Cosco Group for $1.2bn
Wednesday, May 22, 2013 Cosco Pacific, a container-terminal unit of shipping firm China Cosco Holdings, has agreed to sell its entire 21.8% stake in China International Marine Containers (CIMC) to its parent for...

Port of Sohar in Oman starts terminal expansion
Tuesday, May 21, 2013 Oman International Container Terminal (OICT) has started a RO50m ($129.5m) project to expand the container terminal capacity of Port of Sohar....

Norden extends agreement with Harris CapRock for VSAT services
Tuesday, May 21, 2013 Denmark-based shipping firm Norden has extended its contract with Harris CapRock Communications to offer broadband communications to its fleet of bulk carrier and tanker...

d'Amico exercises option with Hyundai Mipo for two ECO Design MR product tankers
Monday, May 20, 2013 d'Amico Tankers, a subsidiary of d'Amico International Shipping (DIS), has exercised an option with South Korea's Hyundai Mipo Dockyard (HMD) for the construction of two additional...

Mitsubishi Heavy to build Sayaendo series LNG carrier for MOL
Monday, May 20, 2013 South Korean shipbuilder Mitsubishi Heavy Industries (MHI) has signed an agreement with Mitsui OSK Lines (MOL) to build a 'Sayaendo' series new-generation liquefied natural gas (LNG)...

Great Lakes Dock and Dredge wins PortMiami dredging contract
Friday, May 17, 2013 US-based Great Lakes Dock and Dredge has won a $180m contract from the US Army Corps of Engineers to deepen PortMiami's channel in Florida,...

ABB to offer maintenance services for CLSICO's six LNG vessels
Friday, May 17, 2013 Swiss power and automation technology firm ABB has signed a long-term Preventive Service agreement with China LNG Shipping International (CLSICO) to provide services to onboard equipment...

Royal HaskoningDHV to supervise Tanjung Priok port expansion in Indonesia
Thursday, May 16, 2013 Netherlands-based consultancy, engineering and project management service provider Royal HaskoningDHV has secured a contract from Indonesian Port Corporation (IPC) to supervise the expansion of...

Russian Maritime Register of Shipping to introduce new rules for Arctic ships
Thursday, May 16, 2013 Russian Maritime Register of Shipping (RS) is planning to introduce new requirements in its rules for vessels operating in Arctic...

Ports America to operate Port of Los Angeles cruise terminal
Wednesday, May 15, 2013 US-based terminal operator Ports America has secured a five-year contract from the Port of Los Angeles to provide operation, management and maintenance of the port's cruise terminal 'World...

PC Maritime to equip Navmaster ECDIS on China Shipping's 50 newbuild bulkers
Wednesday, May 15, 2013 China Shipping Group has awarded a contract to UK-based PC Maritime to install its Navmaster Electronic Chart Display and Information Systems (ECDIS) on 50 newbuild bulk...

Deltamarin wins new orders for B.Delta bulk carrier design series
Tuesday, May 14, 2013 Finnish company Deltamarin has secured several new orders for its B.Delta bulk carrier ship...

Warsash Maritime Academy set to launch new scaled container ship model
Tuesday, May 14, 2013 UK-based maritime trainer, Warsash Maritime Academy (WMA), will unveil a new scaled container ship model to extend its training capability for seafaring pilots, masters and ships...

RINA Group to offer ship certification and engineering services to Drydocks World
Monday, May 13, 2013 Italy-based classification society RINA Group has entered into a framework agreement with UAE-based Drydocks World - Dubai to provide certification and engineering...

Hyundai to build two post-panamax car carriers for Wilh Wilhelmsen
Monday, May 13, 2013 South Korean shipbuilder Hyundai Heavy Industries (HHI) has secured a contract from Norway-based Wilh Wilhelmsen (WWASA) for the construction of two post-panamax...

Seven dead and two missing after cargo ship crashes into tower at Genoa port
Friday, May 10, 2013 Seven people have died and two others are missing after the cargo ship Jolly Nero crashed into a control tower at the Italian port of Genoa....

Aker Artic Technology unveils new oblique icebreaker design
Friday, May 10, 2013 As the construction of the first oblique icebreaker vessel ARC 100 nears completion, Finnish engineering firm Aker Arctic Technology has introduced a more powerful oblique ice breaker...

Teekay selects MAN G-type engine for LR2 Product Tankers
Thursday, May 09, 2013 Teekay Tankers has selected MAN Diesel & Turbo’s B&W G60ME-C engine for its four new 113,000dwt long range 2 (LR2) product tankers that are being built by South Korean shipbuilder STX Offshore...