The owner and operator of very large crude carriers Bahri announced strong financial results for the third quarter ended September 30, 2019, on the back of solid growth in the logistics services sector.The National Shipping Company of Saudi…
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CMA CGM Launches Trade Finance Service
French shipping line CMA CGM has launched Shipfin Trade Finance (STF) , its new range of financing services dedicated to importing and exporting, in partnership with invoice finance platform Incomlend.The STF portfolio of products is, according to the ...
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Total, Zhejiang Energy Establish Bunkering JV
French oil and gas company Total has signed a deal with Chinese state-owned Zhejiang Energy Group (ZEG) to create a joint venture company to supply and delivery marine fuels in the Chinese region of Zhoushan.Total China Investment (TCI) will…
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Navios Repays $198mln Debt Early
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced the repayment of its Term Loan B on October 18, 2019.The tanker shipping company said that the outstanding balance of the Term Loan B was USD 196.8 million at J...
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Taronis Opens Facility in Amsterdam Port
The US-based Taronis Fuels will be launching its first-ever production facility in Western Europe in the port of Amsterdam. The new site will be dedicated to the production of bio-based welding gas, a fuel type commonly used in the construction and shi...
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Teekay Resolves China LNG JV Issues
Teekay LNG’s 50/50 joint venture with China LNG, which owns four on-the-water ARC7 LNG carriers and two ARC7 LNG carrier newbuildings, is also no longer classified as a “blocked person” under Office of Foreign Assets Control (OFAC) rules.According…...
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Essar Ports Posts 20% Cargo Growth
Essar Ports, India's second-largest, private-sector port and terminal company by capacity and throughput, posted a record 20 per cent cargo growth in April-September period of the ongoing financial year (ending March 31, 2020) with a throughput of 27.2...
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U.S. tech firm Maxar taps startup’s robotics for moon mission
U.S. technology company Maxar Technologies Inc said it picked software developed by space startup Olis Robotics to run a robotic lunar lander that's part of NASA's broader goal of human moon missions by 2024.
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Yxney, Grieg Connect Team Up with NOx Fund
The data analytics duo Yxney Maritime and Grieg Connect are partnering with the Norwegian NOx Fund to develop a data-driven digital solution for automated NOx emissions reporting. Solstad Offshore and ferry operator Fjord1 will participate in…
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Musk’s satellite project testing encrypted internet with military planes
The Air Force is using SpaceX's fledgling satellite network to test encrypted internet services for a number of military planes, the space company's president said on Tuesday, detailing results for the first customer of Elon Musk's planned constellatio...
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