Monthly Archives: March 2017

A merger of Hapag-Lloyd and United Arab Shipping Company (UASC) has hit a snag, with the German shipping line and some banks seeking assurances that UASC's top shareholder Qatar remain committed to the deal for the long term, sources say. Hapag…

Advanced drive train technology specialist The Switch said it has seen a sharp jump in growth over last year, increasing its net sales from $43 million to more than $78 million, and returning to profitability after several years of losses. “The…

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, continued its gaining streak on Tuesday with a fresh more-than-two-year high, driven by strong demand for large iron ore vessels. The overall index…

Rig contractor Ocean RIG UDW Inc filed for Chapter 15 bankruptcy protection in a U.S. court amid a deep and prolonged downturn in the industry. Shares of the company plunged 36.4 percent to 46 cents in early trading on Tuesday. The Cyprus-based company...

A.P. Moller-Maersk's new chairman committed to automating its systems as the oil and shipping group steps up its drive to become more efficient and save costs at a time of low oil prices and declining freight rates. The more than 100-year-old conglomerate's digital push will mean that in theory…

Kongsberg has announced the launch of Kognifai, its open and collaborative digital platform that places a portfolio of applications into the cloud. Kognifai focuses on optimizing data access and analysis for customers across maritime and energy industries…

Having recently supplied the concept design for DEME Group’s new offshore installation vessel Orion, C-Job Naval Architects said it will now provide COSCO OFFSHORE CO. Ltd (Qidong) with the vessel’s basic design package. Orion will be built…

Liebherr’s ship crane department has secured orders to equip 15 new vessels of the South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co., LTD (DSME) with one ship set of four units type CBW 2100 each. That means a summarized order volume of 60 Liebherr ship cranes.

Maersk is set to unveil the thinking behind its recent tie-ups with IBM and China’s Alibaba when the firm’s Chief Digital Officer, Ibrahim Gokcen, takes the stage at this year’s Nor-Shipping. The maritime event week, taking place across a series…