According to Sea Europe, a shipyards’ and maritime equipment association, investments should be made in research, development and innovation. The waterborne sector will also need to rely on targeted research, development, innovation and deployment measures, both financially and from a regulatory and policy perspective. With 90% of international trade, 80% of the EU’s external trade…
For the quarter ended December 31, 2018, net income stood at USD 20.6 million, compared a net income of USD 166.9 million reported in the corresponding quarter a year earlier, representing a decrease of 87.7 percent year over year. Consolidated revenue for the fourth quarter of 2018 was USD 564.9 million, against USD 516.1 million…
Under the agreement, the investor acquired a 49.9% interest in two of StealthGas’ vessel owning companies and therefore gaining co-ownership and joint control of the Gas Defiance and the Gas Shuriken. Furthermore, the company expects additional co-investments in acquisitions of small LPG vessels from the second-hand market or its own fleet. “This agreement provides us…
The service is being improved with two Conro-class vessel, according to CLdN. The company said it would deploy the vessels to operate on the direct Rotterdam-Dublin trade as of February 26, 2019, offering an increase from three to four sailings in each direction. The company noted it was increasing capacity at a time when Brexit…
Mitsubishi Shipbuilding Co., Ltd., a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, held a christening ceremony on February 21 for the next-generation LNG (liquefied natural gas) carrier currently under construction for Mitsui & Co., Ltd. The new ship, named MARVEL CRANE, is a state-of-the-art LNG carrier with a design that significantly…
Port Tampa Bay Welcomes New CMA CGM Container Service Port Tampa Bay is pleased to welcome the announcement by the CMA CGM Group, a leading worldwide shipping group, that it will begin serving Port Tampa Bay in late May 2019 on its Pacific Express 3, or PEX3 service. With a presence in 160 countries and…
Navis, the leading provider of maritime software solutions for cargo and vessel performance and compliance, announced it will equip a series of nine new build 82,000 dtw bulk carriers with the dedicated bulk version of MACS3 loading computer. The vessels are currently being built at Yangzijiang shipyard, China, and will be delivered between July 2019…
Inmarsat is providing connectivity through Fleet Xpress for Lindblad Expeditions-National Geographic’s new adventure cruise ship, National Geographic Venture. The expedition ship, designed to explore the coastal waters, shallow coves and fast-moving channels where wildlife congregates, completed its first cruise around the Galapagos Islands in December 2018 before travelling to Baja California. It is destined for…
UK and Netherlands-based subsea provider N-Sea has announced that it has been awarded two £multi-million contracts. Managed and supported by N-Sea’s Aberdeen base, the first is a three-year contract, awarded by an international operator. The workshop will take place across a number of the operator’s UK North Sea assets and includes air diving inspection, repair…
As explained, containership operators continue to find ways to fill their megamaxes, with Ocean Network Alliance (ONE) declaring that the 20,170 TEU MOL Triumph achieved a new world load record. Read more: These are the largest container shipping companies On January 10, the boxship departed Singapore en route to North Europe on THE Alliance’s FE2…
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