The global marine lubricants market is anticipated to expand a robust CAGR of 4.17% during the forecasts period 2016 - 2024, says a study.According a recent study done by Transparency Market Research marine lubricants market which was valued…
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Scorpio Bulkers Invests $100 mln in Scorpio Tankers
Scorpio Bulkers has agreed to invest $100.0 million in a related party, Scorpio Tankers. The investment is part of a larger $300.0 million equity raise through a public offering of common shares by Scorpio Tankers announced yesterday (October 10).
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Vietnam to Build Two Terminals in Lach Huyen Port
Vietnam National Shipping Lines (Vinalines), the state-owned marine transporter, won approval recently to build two large container terminals at Lach Huyen Port in northern Hai Phong City in a 7 trillion dong ($302 million) project.According to Nguyen ...
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Optimism in Multipurpose Shipping: Drewry
Surging growth in renewable energy generation around the world and a construction boom in South East Asia that is expected to run for the next 10 years bode well for the once ailing multipurpose shipping fleet.In the latest edition of Drewry’s…
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FLEX LNG Acquires Five 5th Generation LNG Newbuildings
Flex LNG, the shipping company controlled by billionaire John Fredriksen, is entering into a transaction for the acquisition of five 5th generation LNG newbuildings comprising three high-end MEGI LNG carriers and two high-end X-DF LNG carriersAccording...
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Lady Washington Opens for Public Visit
Tall Ship Lady Washington will be docked at Jack London Square at the foot of Broadway, Saturday and Sunday, informed a press release from Port of Oakland.Visitors can experience maritime history by taking a vessel tour for a small donation to the floa...
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Saam Smit Towage Two New RAstar 3200 Escort Tugs from Cheoy Lee Shipyards
Saam Smit Towage Canada (SST Canada) has recently completed the purchase of two new RAstar 3200 escort tugs from Hong Kong’s Cheoy Lee Shipyards.SST Grizzly and SST Orca, which are designed by Robert Allan Ltd, has departed Cheoy Lee’s Hin Lee shipyard...
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Star Bulk Carriers Adds MV Star Bright to its Fleet
Athens, Greece-based Star Bulk Carriers Corp took delivery of the first of the three firm dry bulk vessels, the ER Brighton, renamed to Star Bright, from an entity affiliated with E.R. Capital Holding GmbH & Cie. KG.The global shipping company…
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Boeing rocket for NASA over budget, could further delay launch: audit
Boeing Co is building the largest rocket in NASA's history but the aerospace giant's "poor performance" has resulted in an $8.9 billion price tag that is double the initial budget and could further delay the launch, the U.S. space agency's watchdog off...
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Caterpillar Marine Rolls Out New Azimuth Thrusters
Caterpillar Marine announced that its latest generation of azimuth thrusters, the new MTA v3, is now on the market.The MTA v3 lineup currently covers the entire Cat 3500 range with the MTA 524, 627 and 628 from a power range of 1,500-2,525kW.
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