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Monthly Archives: May 2019

Med Marine to Deliver Tugboat to Americas

Turkish shipbuilder and tugboat operator Med Marine signed a contract for a MED-A2360 series tugboat with Saam Guatemala for its Puerto Quetzal operations.The vessel is a RAmparts 2300-MM tugboat, designed exclusively for Med Marine. She is…
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ABB Outlines Future for Lowestoft Port

Associated British Ports (ABP), owner and operator of the Port of Lowestoft, has launched a consultation on the Port of Lowestoft Master Plan, a document that sets out ABP’s future vision for growth and development at the port from now until 2036…
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Aegir Installs Cutterladder in Spartacus

Aegir, a deep water construction vessel owned by Heerema Marine Contractors, has successfully installed the 2,500-tonne cutterladder into the world’s most powerful Cutter Suction Dredger ‘Spartacus’.The 164-meter long Spartacus will be the world’s…...
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30% of Sea Needs Protection by 2030

To keep the planet flourishing, 30 percent of Earth needs protection by 2030. Today about eight percent of the ocean and 15 percent of land is protected."We’re on track to reach a global goal of protecting 10 percent of the ocean and 17 percent of the ...
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Only 10% of Shale Firms Reports Positive Cash Flow

Only four, out of the financial performance of 40 dedicated US shale oil firms under study, reported a positive cash flow balance in the first quarter of 2019, bringing down the share of companies with a positive cash flow balance from the recent…
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Gothenburg Port Reaches Major Milestone

According to the Port of Gothenburg, an important milestone is reached in the largest development project at the Port of Gothenburg in 40 years.The first phase of the water-based work has now been completed and construction of the 220,000 square metre ...
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Calcasieu Pass LNG Facility Gets $1.3bln

US liquefied natural gas (LNG) developer Venture Global LNG has signed a deal with investment firm Stonepeak Infrastructure Partners for a $1.3bn equity investment in the Calcasieu Pass LNG export facility.Calcasieu Pass  project is a 10 million…
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APM Terminals Boosts Nigerian Agri-Export

The West Africa Container Terminal (WACT) has invested in a new container freight station (CFS) at the Port of Onne, Nigeria.The 1,520m2 facility - the first of its kind in East Nigeria - provides Nigerian farmers with an opportunity to grow…
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NYK Tops Green Flag Program

Japanese shipping giant Nippon Yūsen Kabushiki Kaisha or NYK Line has been recognized as one of the top shipping lines in the Green Flag vessel speed reduction program that the Port of Long Beach has been conducting to improve air quality.It was the 10...
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