Marine lubricants market, which was above USD 4 billion in 2016, is expected to surpass consumption of 3.5 million tons, to exceed USD 5.9 billion by 2024.Asia Pacific marine lubricants market will record an annual growth rate of 4% over the 2016-2023…
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Bahri Refutes US Charges on VLCC
The National Shipping Company of Saudi Arabia (Bahri) on Sunday clarified that its very large crude carrier (VLCC) tanker Abqaiq was not breaching the US sanctions on Venezuela.Earlier, the US Senator Marco Rubio accused Bahri of trying to sell…
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EU Cuts Red Tape for Ships
The last Trilogue negotiation between the Council, the European Commission and the European Parliament on the “European Maritime Single Window environment”, (EMSWe) took place in Brussels successfully.The EU is streamlining its ship reporting systems...
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Gregg A. Ruhl New CEO of Algoma
Ken Bloch Sørensen has stepped down as president and CEO of Canadian shipowner Algoma Central Corporation after leading the company for four years. Gregg A. Ruhl, the current Chief Operating Officer, has been named President and Chief Executive…
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Denmark Rethinks Offshore Project
The Energy Board of Appeal has cancelled and withdrawn the part of the construction licence for the Vattenfall's Vesterhav Syd Offshore Wind Farm concerning assessment of environmental impacts, with a view to renewed processing by the Danish Energy Age...
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Ørsted Sells Half of US Offshore wind Assets
Denmark’s Ørsted is selling a 50% stake in a portfolio of offshore wind assets to New England utility Eversource Energy, for about USD 225 million."Ørsted and Eversource have been partners in the Massachusetts Bay State Wind offshore wind project and w...
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WellConnection Marks UK Debut
Norwegian inspection, maintenance and repair (IMR) company WellConnection Group has acquired Scotland-based Independent Oilfield Services (IOS) in a deal which marked its entrance into the UK market.WellConnection Group with bases in Stavanger…
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Burns Harbor Extends Key Partnership
The Port of Indiana Burns-Harbor has extended its partnership with its longtime stevedore and marine terminal operating company, Federal Marine Terminals.A press note from the Ports of Indiana, a statewide port authority operating three ports on the Oh...
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Scarlet Lady Floats Out
“Scarlet Lady”, the first of four ships which Virgin Voyages ordered to Fincantieri, touched the water for the first time for Virgin Voyages on Friday at the shipyard in Genoa Sestri Ponente.The first ship from the new cruise brand of Virgin…
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Fincantieri Rolls-out “Seven Seas Splendor”
Miami-based shipowning company Regent Seven Seas Cruises (RSSC) has launched its second extra-luxury cruise ship “Seven Seas Splendor” at the Ancona plant of Fincantieri. RSSC is brand of the Norwegian Cruise Line Holdings Ltd (NCLH) group.According…...
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