The company delivered a net income of USD 2.9 million and net income attributed to common stockholders of USD 1.5 million for the three months ended December 31, 2018. In the same period a year earlier, Diana Shipping recorded a net loss of USD 436.9 million and a net loss attributed to common stockholders of…
As informed, the technology will be installed onboard Havila Kystruten’s environmentally-friendly coastal vessels. “This is a big step for the cruising industry and we are extremely proud to receive this order… The Energy Storage System (ESS) is the world’s largest package ever delivered to a ship and will enable the vessels to enter fjords and…
ZPMC recently signed the share subscription agreement with COSCO Shipping Holdings for private A share of 111,111,111 at the price of CNY 3.78 for each share. As explained, the investment is expected to further deepen collaboration between ZPMC and COSCO in the port machinery, maritime engineering as well as services and logistics. Specifically, ZPMC intends…
ING and the European Investment Bank (EIB) signed a EUR 110m loan agreement to finance Dutch ship management company Spliethoff’s Bevrachtingskantoor B.V. for the retrofitting of 42 vessels of its fleet with exhaust gas cleaning systems and ballast water management systems. This will enable Spliethoff to be compliant with the International Maritime Organisation (IMO) and…
ABS updated its Guide for Building and Classing International Naval Ships (INS Guide), expanding its industry-leading guidance to strengthen safety and protection against a range of threats. “ABS is a world leader in naval classification and our 2019 INS Guide takes this to the next level,” said ABS Senior Vice President for Global Government, James…
Port Of Rotterdam Highlights Impact Of Five Mega Trends On Container Industry The impact of five megatrends on the container industry Demographic changes, shifts in economic power, technological innovations. These are megatrends, each of which is changing the world around us. Trends that will certainly also impact container ports and the container industry. This white…
Auramarine, the leading provider of fuel supply systems for the marine and power industries, has today urged the marine sector to look beyond just the initial choice of compliance solution ahead of the impending 0.5% global sulphur cap, and to fully understand the operational impact of using and switching to new low sulphur fuels and…
Pukyong National University (PKNU) has chosen GE’s Power Conversion business to provide the SeaStream Dynamic Positioning (DP) system for their training vessel for fisheries industry training. GE’s SeaStream DP will enable the ship to perform operations – for example controlling horizontal movement or holding position against harsh wind and in choppy waters – with stability,…
The Canadian Senate is giving consideration to legislation — Bill C-48 — that would prohibit large tankers carrying crude and heavy oils from stopping, loading or unloading at ports in northern B.C. The area covered by the proposed ban would extend from the Canada-Alaska border to the northern tip of Vancouver Island. “Such a dramatic…
Alphaliner’s survey of the 10 largest container ports in the US showed that the total laden imports grew by 6.2% last year to reach 20.66 million TEU while total laden exports grew by only 2.1% to 11.06 million TEU. The total number of empty containers handled at the 10 ports surveyed increased to a record…
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