News

BW Group Increases Epic Gas Stake

Singapore-based BW Group has increased its stake in the pressurised LPG shipping solutions company Epic Gas to 82.58% with the completion of its voluntary unconditional offer.On 16 April, BW Group received acceptances under the Offer for a total of 9,6...
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Seattle Port Celebrates 20th Year of Cruising

The Port of Seattle, celebrating 20 years as a homeport, welcomes the 2019 cruise season with the arrival of the first ship—Celebrity Eclipse, at the Bell Street Pier Cruise Terminal at Pier 66.“Over twenty years ago this community turned a…
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Industry Hails EU Maritime Single Window

The EU Social Partners in the maritime sector, European Community Shipowners' Associations (ECSA) and European Transport Workers' Federation (ETF), welcome the adoption by Members of the European Parliament of the proposal for a Regulation establishing…
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Largest Barge of Caspian Sea Undergone Overhaul

The barge of STB-1 owned by the Caspian Sea Oil Fleet of the CJSC Azerbaijan Caspian Shipping Company (ASCO) has undergone an overhaul. The overhaul has been carried out at the Bibi-Heybat Shipyard.As part of the overhaul, the underwater and surface pa...
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Keppel Posts Lower Profits

The Singaporean offshore and marine conglomerate Keppel Corporation reported a net profit of S$203 million (USD 150mln) for the first three months of 2019, 40% below that of S$337 million for 1Q 2018.In 1Q 2018, the Group benefitted from a S$289…
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Damen Reports First Loss in 15 Years

Netherlands-based shipbuilding giant Dutch Damen Shipyards Group reported a net loss of EUR 17 million (USD 19.1 million) in 2018 - the first time in fifteen years.Damen reports that its financial situation stems from a sustained period of difficulty…
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Volume Rises at Port of Rotterdam

Port of Rotterdam posted a record overall freight tonnage in the first quarter of 2019, up 5.1% on the same period last year, thanks to strong growth in container traffic.In total, 123.9 million tonnes were handled compared with 117.8 million…
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CAT Targets Cruise for MEO, AI

Caterpillar is touting its Multi-Engine Optimizer (MEO) as a solution for existing cruise ships to burn less fuel, run cleaner, keep uptime and reliability high while keeping costs down.Caterpillar's MEO is designed to lay over the top of a vessel’s ex...
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BAE Systems Jacksonville Wins Navy Deal

BAE Systems Jacksonville Ship Repair, Jacksonville, Florida, is awarded a $23,865,722 cost-plus-award-fee modification to previously awarded contract N00024-19-C-2317 to exercise options for USS Paul Ignatius (DDG 117) post-shakedown availability (PSA).
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Voser Steps in as Interim CEO at ABB

ABB Chief Executive Ulrich Spiesshofer has quit the Swiss industrial group as the board and major shareholders look for a speedier turnaround at the maker of industrial robots and supplier of factory automation.Spiesshofer’s abrupt exit follows…
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