U.S. tariffs on Chinese goods came into effect Friday; China retaliates, duty on U.S. crude possible. Asian oil refiners are racing to secure crude supplies in anticipation of an escalating trade war between the United States and China, and…
Read more
Japan’s First LNG Bunkering Vessel to Launch in 2020
Kawasaki Kisen Kaisha, Chubu Electric Power, Toyota Tsusho, and Nippon Yusen KK said on Friday that their joint venture has placed an order for a liquefied natural gas (LNG) bunkering vessel with Kawasaki Heavy Industries. The vessel, which…
Read more
KONGSBERG to Acquire Rolls-Royce Commercial Marine
Kongsberg Gruppen ASA (KONGSBERG) today entered into agreement with Rolls-Royce plc to acquire Rolls-Royce Commercial Marine, a world leading technology business within maritime operations. The transaction is structured as an acquisition by KONGSBERG o...
Read more
Fischer Panda Equipment Powers ROV System
Fischer Panda UK has supplied a Panda 25i generator and Seafari Mini 170 watermaker for the latest ROV inspection and survey boat designed by Fareham-based BW SeaCat for Norwegian company Rov AS. On show for the first time at Seawork, the 13m…
Read more
Faster Routes into US from Mexico
A new block (unitary) train service from APM Terminals Lazaro Cardenas in Mexico avoids congestion and delays at other ports to reach hinterland destinations in the US and Mexico - prompting a rise in traffic through the port. Since the terminal opened...
Read more
Ulstein Verft to Build DP3 Cable Laying Vessel for Nexans
Nexans Subsea Operations has signed a shipbuilding contract with Ulstein Verft on the construction of a large, DP3 cable laying vessel. CEO Gunvor Ulstein, Ulstein Group, said: “We are very pleased that Nexans, a solid and important player, chooses Uls...
Read more
Fujian Shipbuilding Terminates Nautilus’ Shipbuilding Contract
Fujian Mawei Shipbuilding has canceled the construction contract for the Nautilus Minerals’ Production Support Vessel (PSV), a part of the Nautilus’ Solwara 1 project located offshore Papua New Guinea. "We have been notified by Fujian Mawei Shipbuildin...
Read more
HHLA Completes Acquisition of Estonian Transiidikeskuse
Germany’s Hamburger Hafen und Logistik AG (HHLA) has completed the acquisition of Estonia’s largest terminal operator, Transiidikeskuse AS (TK). The last conditions that the sales contract dated 26 March 2018 was subject to were recently fulfilled…
Read more
Angelicoussis Books its 100th Ship at DSME
South Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME) has bagged an order from the Angelicoussis Shipping Group’s unit Maran Gas Maritime, for a floating storage and regasification unit (FSRU). The local media which quoted DSME source...
Read more
BP to Boost Stake in UK’s ‘Giant’ Clair Field
BP announced that it has entered into agreements with ConocoPhillips that will significantly increase its holding in the Clair field, a core asset of BP’s North Sea business in the UK, while also selling its non-operating interest in the Kuparuk and sa...
Read more