Cargotec unit MacGregor has signed a framework purchasing agreement to supply spare parts to Cosco Shipping's fleet.Under the deal, MacGregor would provide spare parts and service of equipment installed on COSCO’s fleet of more than 1,000 ships…
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Trade Fears Drag Stocks, Yuan at 10-Year Low
NEW YORK, Aug 5 (Reuters) - Stock markets around the world fell hard on Monday on fears that China's willingness to let the yuan slide in response to the latest U.S. tariff threat could further aggravate trade-related tensions between the world's…
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NTSB Weighs in on McCain Collision
Insufficient Training, Inadequate Bridge Operating Procedures, Lack of Operational Oversight Led to Fatal Ship Collision. The National Transportation Safety Board said Monday that the Aug. 21, 2017, collision between the USS John S McCain and the tanke...
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Jacksonville’s Seaport Generates 26,000+ Local Jobs
New study finds port investments including Harbor Deepening have resulted in “significant” job growth over last five years.Cargo activity through Jacksonville’s seaport positively impacts tens of thousands of jobs and supports nearly $31.1 billion in a...
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Baltic Index Nears One-Month Nadir
The Baltic Exchange's main sea freight index fell for a tenth straight session on Monday to its lowest in nearly a month as a combination of better ship supply and easing demand hurt vessel rates.The Baltic index, which tracks rates for ships ferrying ...
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Feadship Chooses Floor2Plan
Floorganise has developed the Floor2Plan toolset enabling shipyards to control and manage their projects more accurately and in more detail. The toolset significantly reduces the duration of projects and the hours spent on them. Just recently…
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UK joins U.S. in Gulf Maritime Security Mission
Britain on Monday joined the United States in a maritime security mission in the Gulf to protect merchant vessels travelling through the Strait of Hormuz after Iran seized a British-flagged vessel.British officials stressed that there was no…
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Tuco’s ProZero 10m Walk-A-Round Workboat
Aqua Culture Exhibition, Tuco Marine presents the brand new ProZero 10m Walk - A - Round Workboat. The new vessel complements Tuco's range of ProZero workboats and support vessels. And is dedicated to the Workboat, Crew transfer and Diving markets.The…
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Cheniere Working on Sabine Pass Trains 3, 4
Cheniere Energy Inc said on Monday it is conducting previously scheduled turnarounds on Trains 3 and 4 at the Sabine Pass liquefied natural gas (LNG) export terminal in Louisiana as part of its maintenance plan for the facility.The company did…
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Delft Technology Students Visits NYK
NYK welcomed 35 students and their professor from the Netherlands’ Delft University of Technology (TU Delft) on July 30 to examine the group’s initiatives for “Digitalization and Green,” the theme of the company’s medium-term management plan.Prof....
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