All articles by Srivari Aishwarya

Srivari Aishwarya

DAMAC to redevelop Port Sultan Qaboos in Oman

The Government of Oman has signed a memorandum of understanding (MoU) with DAMAC International to transform the country’s Port Sultan Qaboos into a mixed-use waterfront destination.

TMC develops new boil-off gas compressor for LNG-fuelled vessels

Norway-based TMC Compressors (TMC) is set to launch a new boil-off gas compressor at Nor-Shipping event in Oslo, Norway, which is set to be held later this year.

GTT to provide Mark III cryogenic membrane technology to Hyundai Heavy Industries

French marine engineering company Gaztransport & Technigaz’s (GTT) has received an order to provide a cryogenic membrane containment system to South Korean shipbuilder Hyundai Heavy Industries (HHI).

Siemens commissions specialised transport vessel

Siemens has commissioned its first specialised transport vessel, the Rotra Vente.

Rolls-Royce to provide design and equipment for Hurtigruten’s cruise vessels

Rolls-Royce has been contracted by ship building company Kleven to provide ship design and equipment to Norwegian cruise service provider Hurtigruten’s new polar cruise vessels.

APICORP and Bahri to launch $1.5bn fund to acquire 15 VLCCs

Arab Petroleum Investments (APICORP) and the National Shipping Company of Saudi Arabia (Bahri) have reached an agreement to launch a $1.5bn fund to buy very large crude carriers (VLCCs).

Wärtsilä to supply Auxpac engines for six 21,000 TEU container vessels

Wärtsilä’s joint venture company CSSC Wärtsilä Engine has been contracted to supply engines for six 21,000 twenty-foot equivalent units (TEU) container vessels being built in China.

Singapore’s MTI extends shipping block exemption for five more years

Singapore’s Ministry of Trade and Industry (MTI) has extended the competition block exemption for liner shipping agreements order (BEO) for five years through 31 December 2020.

ESL Shipping agrees to transport SSAB’s inbound raw material

Finland-based carrier ESL Shipping has signed a long-term frame agreement with Swedish steel manufacturer SSAB for raw material sea transport.

BIMCO fights corruption with new clause for charter parties

The Baltic and International Maritime Council (BIMCO) has launched an anti-corruption clause for charter parties, which will give owners and charterers a contractual platform for co-operative action to resist demands for illegal payments from port officials and others.