SAAM, operator of port, towage and logistics services in the Americas, placed a total of UF 1.2 million (US$42 million) in bonds on the local market Tuesday. The funds will be used primarily to finance the company’s investment plan, it said.“The…
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Geopolitics Dominate the Oil Tanker Market -BIMCO
Developments in the oil tanker market in the past decade dominated by geopolitics, says shipping association BIMCO.Crude oil and product tanker markets alike have faced high volatility in recent weeks and months, largely due to geopolitics and…
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Berge Bulk Digitalizes Its Procurement
A dry bulk shipping company looking to enhance efficiency, cut costs and create complete procurement transparency has turned to digital procurement through Ligimatic's SERTICA fleet management system.Singapore-based Berge Bulk, which controls a fleet o...
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Bernhard Schulte Takes Delivery of Hybrid SOV from Ulstein
Norwegian Ulstein shipyard has delivered Service Operation Vessel ‘Windea Jules Verne’ to Bernhard Schulte Offshore.The battery hybrid vessel will work at the Merkur offshore wind farm offshore Germany, where it will be operating for GE Renewable…
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Chinese Shipments Held for Extra Customs Checks in India
Customs officials at Chennai, one of India’s biggest ports, have held shipments originating from China for extra checks, sources aware of the delays told Reuters, amid a backlash against China over a border clash in which 20 Indian soldiers…
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Marine Salvage and SMFF Regulations
The Federal Water Pollution Control Act (FWPCA, often called the Clean Water Act), as amended by the Oil Pollution Act of 1990 (OPA 90), provides:If a discharge, or a substantial threat of a discharge, of oil or a hazardous substance from a vessel…
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Kooiman Marine Completes Vessel Conversion for Van Stee Offshore
Dutch shipbuilding group Kooiman Marine has completed the conversion of Van Stee Offshore's new Multi-Purpose DP-2 Support Vessel Zwerver I.Kooiman Marine said Wednesday that the final work on the vessel has been completed and the “Zwerver I” is ready ...
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Containership Markets Plot Uncertain Course to Recovery -MSI
New HORIZON Monthly report shows freight rates remain high, blanked sailings have hit charter markets and coming quarters continue to hold riskContainership markets are exhibiting contradictory signals as the global economy continues its tentative emer...
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Steerprop Names Rekola Director of Sales & Project Management
Azimuth propulsion expert Steerprop said it has merged sales and project management with the appointment of Juho Rekola as the company's new Director Sales and Project Management, effective from June 1, 2020.Rekola has been with Steerprop since 2017…
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Cox Powertrain Leverages the Power of Digitalization
It is not something that pops to mind often: the massive, market-changing advantages of a high-powered, fuel-efficient, cleaner V8 diesel outboard engine. Then, you aren’t a salmon farmer with aquaculture farms in the Norwegian fjords or an islander in...
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