Sunday, April 22, 2018

FPSO Market – New Investments Expected to Boost the Market by 2021

FPSO stands for Floating Production, Storage, and Offloading. An FPSO vessel is a type of floating production system that is used for the offshore...

Korea Line Corporation Recovers USD 68 million in Charter Arbitration Dispute

The Korea Line Corporation (KLC) has recovered KRW 76 billion (USD 68 million) from the parent firm of a company that repudiated a charter...

Iridium Announces Date for Fourth Iridium NEXT Launch

Yesterday, Iridium Communications Inc. announced that the fourth Iridium NEXT launch has been targeted by SpaceX for December 22, 2017 at 5:26 p.m. PT...

COSCO Shipping Scraps Six Bulkers, Downsizes Fleet

COSCO Shipping International (Singapore) has sent six bulk carriers to the scrapyard in the first nine months of this year reducing its fleet to...

SSL’s Sagarmala to Set Sail for Bangladeshi Scrapyard

Indian container feeder operator, Shreyas Shipping and Logistics (SSL) has entered into a Memorandum of Agreement (MOA) for the sale of its containership SSL...

CMA CGM Merges Subsidiaries to Strengthen intra-European Market Hold

The CMA CGM Group, announced the merger, effective January 1, 2018, of its subsidiaries MacAndrews and OPDR whose headquarters will be located in Hamburg. The...

Maresk Line Hamburg Süd Acquisiton Secures 18 Jurisdiction Approvals, Three More in Queue

The Maersk Line received a clearance for its acquisition of German liner Hamburg Süd in 18 jurisdictions, with three more approvals remaining to be...

PARAT Halvorsen to Target UK Energy Market

PARAT Halvorsen AS, supplier of steam and heat energy systems for land-based industries, shipping and offshore applications, will demonstrate its innovative technology at this...

Seaspan Appoints Bing Chen as CEO

Seaspan Corporation announced today that Bing Chen will be joining the Company as its Chief Executive Officer (CEO), and appointed to the Board of...

DNV GL Grants AiP to Wison Multifunctional LNG Distributor

Wison Offshore & Marine announced that its innovative LNG Distributor (LNGD) design received Approval in Principle from DNV GL. A dedicated presenting ceremony was...