The global ports operator Cosco Shipping Ports signed investment agreement of Cosco Shipping Ports Supply Chain Project with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau.The Cosco Group company said that it plans…
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Rystad Expects Oil Price Rally in H1 of 2020
The energy research and business intelligence company Rystad Energy expects that a short-lived price rally through the first half of 2020 as oil prices approach $70 a barrel.It will then lose momentum and be replaced by a need for additional…
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Drewry Cautiously Optimistic on Container Shipping
The container Shipping industry is facing an exceptionally high level of uncertainty, ranging from the extra cost associated with IMO 2020 and how much carriers will recover from shippers, to the possibility of a trade recession and unknown…
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Global Boatworks Sells Luxuria
Florida-based Global Boatworks Holdings, builder of luxury floating vessels, announced that it has entered into a contract to sell the Luxuria I, the first of its luxury floating vessels.The Luxuria is going through a marine survey and other inspection...
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Teekay Secures Loan for Shuttle Tanker Newbuilds
International midstream services provider, Teekay Offshore Partners announced that it has secured a new $414 million long-term debt facility that will be used to finance four LNG-fueled Suezmax DP2 shuttle tanker newbuildings.Upon delivery in 2019 and ...
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WMU on Women Empowerment in Maritime Community
World Maritime University (WMU) International Women’s Conference, Empowering Women in the Maritime Community was held in Malmö, Sweden (4-5 April), reflecting this year’s World Maritime Day theme.Remove structural barriers, build good networks and supp...
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Pentagon says India debris expected to burn up in atmosphere
The Pentagon said on Thursday that it stood by its assessment that debris from an Indian anti-satellite (ASAT) weapons test would eventually burn up in the atmosphere, even after NASA's administrator warned of the danger the debris posed.
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W&O Wins USCG OPC Valve Deal
W&O won a subcontract from Eastern Shipbuilding Group (ESG) for the United States Coast Guard Offshore Patrol Cutters (OPC), Coast Guard Cutter ARGUS (WMSM-915), and the long lead time materials for Coast Guard Cutter CHASE (WMSM-916). W&O was…
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NSC Midgett Passes Acceptance Trials
US shipbuilder Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division has announced that the National Security Cutter (NSC) Midgett (WMSL 757) has successfully completed acceptance trials. Midgett, the eighth NSC Ingalls has built for the U...
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Pilot-less air taxi takes off in Vienna demonstration flight
As carmakers push ahead with self-driving vehicles, an Austrian aerospace company and its Chinese partner showed off their pilot-less "flying taxi" for the first time in Europe on Thursday.
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