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News

  • 16 February 2012

    CMA CGM partners with IBM to develop cost saving solution

    French container shipping group CMA CGM and IBM have extended their partnership by another five-years, during which time IBM will provide industry-specific expertise in new technologies, such as cloud computing...

  • 15 February 2012

    HHI to build five LNG vessels

    South Korean shipbuilder Hyundai Heavy Industries (HHI) has received orders for four liquefied natural gas carriers and one LNG floating storage regasification unit (FSRU) worth $1.1bn.

  • 14 February 2012

    APM Terminals to develop Turkish terminal

    APM Terminals has signed an agreement with Petkim Petrokimya, a subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR) for the long-term operation and development of Petkim Port.

  • 14 February 2012

    ST Marine to build two AHTS vessels

    ST Engineering's marine arm, ST Marine, has received two shipbuilding contracts worth S$75m ($59.28m) from Swire Pacific Offshore Operations (SPO) to build and outfit two anchor handling tug supply (AHTS)...

  • 13 February 2012

    Essar Ports to increase cargo handling capacity

    Indian port operator Essar Ports is planning to invest INR26bn ($526.83m) in order to increase its market share in terms of capacity and cargo-handling over the next two years.

  • 13 February 2012

    NOCC to buy two car carriers

    Norwegian Car Carriers (NOCC) has signed an agreement with an unnamed shipping company to buy a pair of 6,500 car equivalent units (CEU) car carriers for $74m.

  • 12 February 2012

    Sea piracy cost $7bn in 2011

    The economic cost of fighting and evading pirates reached $7bn last year, 2011, according to US-based Oceans Beyond Piracy.

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