Monthly Archives: November 2016

German shipping bank DVB is preparing a capital increase due to losses taken on bad loans, two sources familiar with the matter said on Wednesday. An announcement by DVB, which is owned by DZ Bank , that it will issue new shares could come on Monday when it reports third-quarter results…

Swedish utility Vattenfall has won a tender to build Denmark's biggest offshore wind farm, but still faces the potential cancellation of a separate wind project in the country, the Danish energy ministry said on Wednesday. Vattenfall won the…

Allianz Middle East Ship Management and Maritime Craft Services (MCS)have taken delivery of a Damen Fast Crew Supplier 2610. Demonstrating the cooperative relationship between the two companies, the new vessel will offer safe and cost efficient…

Massive investments in the port of Antwerp are coming in the next few years. The SEA-Invest group is planning construction of a new tanker terminal in the Delwaide dock representing an investment of 250 million euros. In the same dock the group…

The Global Defense and Intelligence sector stands to benefit from a ground breaking high-throughput, one-meter Ka-band Global Xpress (GX) maritime terminal, ‘Type Approved’ by Inmarsat and just launched by leading satellite terminal provider, Intellian Technologies.

Thome Ship Management Pte Ltd and Radio Holland Singapore have concluded a Service Rate Agreement (SRA) covering the NavCom service and maintenance needs of its entire fleet of more than 200 vessels. Headquartered in Singapore, Thome Ship Management…

James Fisher Subsea (JF Subsea), a world leading subsea services division of James Fisher Marine Services (JFMS), has reduced inspection downtime to 2% for Shell UK, through the innovative use of asset-based remotely operated vehicles (ABROVs) on oil r...

The governing boards of the Port of Los Angeles and the Port of Long Beach will hold a joint public meeting Nov. 17 to discuss proposals for updating the San Pedro Bay Ports Clean Air Action Plan (CAAP). Developed over the past year, the CAAP…

Connecticut-based Eagle Bulk Shipping Inc reported a loss of $19.4 million in its third quarter ended September 30, 2016. It had net loss of $20.4 million last year Q3. It has a loss of 52 cents per share compared to  $10.83 net loss per share, for the comparable quarter in 2015.

The NYK-TDG Maritime Academy (NTMA), which NYK operates in the Philippines, successfully conducted an international short-term student-exchange program with maritime schools in Japan during the months of August and October 2016. The program was organiz...