A gloomier world economic outlook and rising trade tensions have forced Drewry to downgrade its forecast for container demand over the next five years, according to the global shipping consultancy’s latest edition of the Container Forecaster. Drewry’s long-term supply and demand prognosis for carriers has deteriorated since the last report. Previously, the company’s global supply-demand index…
SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW), or SAE, today announced receipt of a letter of award for a new marine project in South Asia for a major National Oil Company valued at approximately $100 million. The project is expected to commence late in the fourth quarter of 2018 and is expected to conclude in…
Royal Boskalis Westminster N.V. (Boskalis) has been awarded the “Tyra Redevelopment Subsea Installation Phase II” contract by Total E&P Denmark. The sizable contract includes subsea engineering, procurement, fabrication and installation for the Tyra Redevelopment project in order to extend the operational lifetime of the Tyra offshore gas field by at least 25 years. Boskalis will…
Unique Group, a world leading integrated subsea and offshore solution provider, announced today that its Marine & Subsea division has entered into a high value contract with the Southern African Shipyards to provide a turnkey package for Hydrographic Survey vessels and Hydrographic office set up. The project will include multiple new build vessels – main vessel and support vessels. Unique Group will…
Scorpio Bulkers Inc. announced today that the Company has received a commitment from Nordea Bank Abp, acting through its New York branch, and DVB Bank SE for a loan facility of up to $90.0 million. The loan facility will be used to finance up to 60% of the fair market value of six Ultramax dry…
Victory Marine Holdings (OTCPK.VMHG) announced today their attendance at the International Boatbuilders Exhibition Conference (IBEX) located in Tampa, Florida. The attendance at this show coincides with the Company’s efforts to continue developing a key component of the corporate growth strategy, to begin manufacturing the company’s own line of boats. Orlando Hernandez, CEO of Victory Marine…
Damen and parent company of Eesti Gaas sign contract for first of new vessel class A contract between parent company of Eesti Gaas (Estonia’s leading energy company), and Damen Shipyards has been signed for the construction of the first of a series of short-sea LNG bunker vessels to operate in the Baltic Sea. The LGC…
And twentieth overall and top family-owned business! Damen has achieved second place in the maritime & aviation sector in this year’s MT500 rankings of the top 500 companies and institutions in the Netherlands. It also came twentieth out of 500 in the overall ranking, its best ever result. In the ratings breakdown, Damen achieved the…
Hamburg Vessel Coordination Center (HVCC) and tug shipping company Kotug Smit Towage will in future work closely together at the Port of Hamburg in order to coordinate preliminary planning for ship calls and departures, and the associated tug services. his step will further optimise the efficiency and quality of ship handling in the Port of…
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced that the MOL-operated next-generation FLEXIE series car carrier received the Good Design Award (*) 2018, from the Japan Industrial Design Promotion Organization (JDP). This year, MOL’s FLEXIE won the award for the first time in nine years as the only winner from the…
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