Dutch shipbuilding conglomerate Damen Group announced that Damen Dredging Equipment has delivered CSD500-S, a fully customised cutter dredger for acidic environment, to Australian customer, Energy Resources of Australia (ERA)."The Cutter Suction Dredg...
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Star Bulk Acquires 11 Dry Bulkers
Greece-based global ship manager of seaborne transportation Star Bulk Carriers Corporation has entered into an en bloc definitive agreement with entities controlled by Delphin Shipping to acquire eleven operating dry bulk vessels.The company…
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Wärtsilä Debuts HY for Dredgers
Wärtsilä launched the Wärtsilä HY for Dredger, a new product based on Wärtsilä’s HY hybrid propulsion technology, aimed at enhancing the efficiency and sustainability of dredging operations.The product was recently unveiled at a Future Dredger…
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AIE Buys Gas from Port Kembla LNG
Australian Industrial Energy (AIE) said it has reached a preliminary agreement with EnergyAustralia to provide 15PJs of natural gas per annum, from its Port Kembla gas terminal (PKGT).PKGT is one of five proposed LNG import terminals that could…
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Bumi Armada Profit Up 28.5% in Q1
Malaysia's offshore oilfield services firm Bumi Armada announced that its first-quarter net profit jumped 28.5% on-year, mainly thanks to joint ventures, lower cost of sales, and lower distribution costs.Net profit for the January-March period climbed ...
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Novatek Wins New Russian Licences
Independent Russian gas producer Novatek and LNG operator Novatek has secured the right to explore on the Krasnoyarsk Territory.Russia’s largest LNG producer said in a press release that it has obtained five new licenses on the Krasnoyarsk Territory…
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Maersk Reports Higher Earnings for Q1
Danish container shipping and logistics giant AP Moller – Maersk has closed the first quarter of 2019 with a 33% increase in earnings before interest, tax, depreciation and amortization (EBITDA) to USD 1.2bn while revenue grew by 2.5% to USD 9.5bn comp...
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Hyper-Smart Container Sets Sail
Dutch Port of Rotterdam has sent the hyper-smart Container 42 on a two-year data-collecting mission around the world.During this journey, the container – which houses an array of sensors and communications equipment – will be measuring changes in param...
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Danaos Signs Sale-and-Leaseback Deal with EnTrust
The provider of seaborne transportation services, Danaos Corporation has concluded a $150m sale-and-leaseback deal for two of its biggest boxships with the alternative investment firm EnTrust Global.Watson Farley & Williams (WFW) has advised…
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Solar Array Installed on Cargo Ship
The marine renewable energy technology company Eco Marine Power (EMP) announced that its Aquarius MAS + Solar solution has been installed on the large general cargo ship MV Panamana.The Japan-based EMP said in a press release that this installation…
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