Cavotec SA's previously announced strategic plan and new organisational structure — based on two distinct Business Units (BU), Ports & Maritime and Airports & Industry — entered into effect on January 1, 2017. The new structure will also form…
Read more
GE Shipping Contracts to Buy 2 Suezmax Crude Carriers
The Great Eastern Shipping Company Limited (GE Shipping) has signed contracts to buy 2 Suezmax crude Carriers of about 157,000dwt each. The 2010 and 2011 built vessels are expected to join the company's fleet in Q4 FY17. Last week, the company…
Read more
Colombo Port Volumes Surpasses 2mln TEUs
Colombo International Container Terminals (CICT) has reported a throughput of two million TEUs for the 12 months ending 31 December 2016, a year-on-year growth of 28 percent in volume, enabling the Port of Colombo to register overall incremental growth during three consecutive years.
Read more
Mercury Marine Ties-up with Supratechnic
Mercury Marine, the world leader in recreational, commercial and government marine propulsion, announced today that it has entered in to an exclusive distribution agreement with Supratechnic Pte Ltd, one of the largest marine distributors in Asia, base...
Read more
SpaceX aims for Jan. 8 return to flight with Falcon rocket
CAPE CANAVERAL, Fla. (Reuters) - Elon Musk’s SpaceX plans to resume flying rockets next week following an investigation into why one of them burst into flames on a launch pad four months ago, the company said on Monday.
Read more
Twenty Dead, Dozens Hurt After Indonesian Tourist Boat Blaze
Twenty three people were killed and dozens injured on Sunday after a fire ripped through a boat carrying nearly 250 people to islands north of the Indonesian capital Jakarta, the city's search and rescue agency said. The Zahro Express caught…
Read more
COSCO Container Lines Renamed COSCO Shipping Lines
COSCO Container Lines Co., Ltd. has changed its company name to COSCO Shipping Lines Co., Ltd. (“Our Company”). Our Company changed its official company name from COSCO Container Lines Co., Ltd. to COSCO Shipping Lines Co., Ltd. on November 18, 2016.
Read more
Mariner Rescued Aboard Disabled Vessel in Bellingham Bay
The Coast Guard rescued one mariner aboard a disabled vessel after he become disoriented in Bellingham Bay, Saturday. Coast Guard Sector Puget Sound command center received a report from Station Bellingham of the disabled and adrift 27-foot…
Read more
BIMCO: What Shipping Market can Expect for 2017
The shipping industry has its work cut out going forward in 2017 as the International Monetary Fund (IMF) forecast the lowest level of global GDP growth since 2009. 2017 will see another year of die-hard competition, which now includes tankers.
Read more
Nigeria to Pursue peace in restive Oil-producing Delta Region
Nigeria's government will seek a lasting peace settlement with militants in the oil-producing southern Niger Delta region in 2017, President Muhammadu Buhari said in a New Year's message on Saturday. Attacks on oil facilities in Nigeria's energy hub…
Read more