Monthly Archives: November 2016

Speculations about an upcoming sale of Hamburg Süd have intensified in the market, says a report in WSJ. Hamburg Sud, the seventh-largest container-shipping operator world-wide in terms of capacity, is part of the Oetker Group, a family-owned German conglomerate…

The Arctic has lost almost 95% of its older ice cover since 1984, says NASA. The area covered by Arctic sea ice at least four years old has decreased from 1,860,000 square kilometres in September 1984 to 110,000 square kilometres in September 2016.

A Reuters report quoting  Saudi Arabia's energy minister Khalid al-Falih said that the country expects a huge ship repair and shipbuilding complex that its national oil company Saudi Aramco is developing at Ras al-Khair on the kingdom's east coast to cost over 20 billion riyals ($5.33 billion).

To enhance bilateral maritime relations, Indian Chief of Naval Staff Admiral Sunil Lanba, has embarked on a five-day visit to Sri Lanka. According to PTI report, during  Sunil Lanba's  visit, he will hold bilateral discussions with President Maithripala Sirisena…

International Maritime Organization (IMO) is supporting countries in western Africa to enhance their national search and rescue (SAR) services with a regional training course and meeting taking place in Lagos, Nigeria this week. The activities…

Shipping is a truly global industry with owners based all over the world, says Clarksons Research. Interestingly, ownership is also very fragmented with over 90,000 vessels owned by more than 24,000 shipowners, with an average of around four ships per ...

A Coast Guard aircrew performed a medical evacuation of an injured crew member from a 618-foot cargo vessel over 170 miles offshore from the Columbia River, Saturday. An MH-60 Jayhawk helicopter crew from Coast Guard Sector Columbia River in…

Akastor ASA (OSE: AKA) announced today that the Agreement with MITSUI & CO., LTD ("Mitsui"), and Mitsui O.S.K. Lines, Ltd. ("MOL"), to create a joint venture with 50/50 ownership between AKOFS Offshore AS ("AKOFS") and Mitsui/MOL has now been…

Technip S.A. (Euronext: TEC) and FMC Technologies, Inc. (NYSE: FTI) today announced their respective designees to the Board of Directors of the combined company, TechnipFMC, effective at the close of the proposed combination. The Board of Directors of the combined company will comprise 14 directors…