UBS Group AG will likely shrink Credit Suisse Group's $10 billion shipping portfolio that it inherited as part of its emergency takeover on Sunday, the Wall Street Journal reported on Wednesday.UBS could also try to sell the portfolio,...
Crowley named Mark Coplen as vice president of project management for Crowley Wind Services, where he will be a key leader in advancing the company’s growth and market leadership in the offshore wind industry. In his role, Coplen will...
The Montreal Port Authority (MPA) and Global Spatial Technology Solutions (GSTS), a company that specializes in applying artificial intelligence (AI) to shipping, announced the launch of a new project to measure and reduce the carbon...
The Solomon Islands has awarded a multi-million-dollar contract to a Chinese state company to upgrade an international port in Honiara in a project funded by the Asian Development Bank, an official of the island nation said on...
The Hamburg Port Authority (HPA) has closed the port to large ships because of a strike announced by the Verdi union over wages, it said on Wednesday."Due to the massive restrictions to be expected from the announced warning strikes, the...
European multimodal logistics provider Samskip has confirmed an order for two hydrogen fuel cell-powered vessels to serve its west European routes. The company signed a shipbuilding contract with India’s leading...
Ørsted, a global leader in offshore wind, has selected Havfram Wind to install turbines for the massive Hornsea 3 offshore wind farm project in the North Sea off England. The...
The Power Systems division of Rolls-Royce has been selected to supply a further four of its mtu naval generator sets for the USS Congress (FFG-63), the second ship in the U.S. Navy’s Constellation Class Guided-Missile Frigate program,...
Much has been said both in Congress and by the current administration of the need to restore and enhance our nation’s transportation infrastructure, including its maritime transportation infrastructure. Recent legislation, such as the...
Twenty-five people were injured when a ship came off its holding and tipped on its side in a dry dock in Leith, Scotland on Wednesday, the Scottish Ambulance Service said, with 15 taken to hospital.Ten people were treated and discharged...
Last week, Pacific Maritime Association awarded Foss Line Service with Zero Injury Rate and 1st place in Safety at the 75th annual PMA safety awards. Accepting the awards on behalf of Foss...
BERLIN, March 22 (Reuters) – The Hamburg Port Authority (HPA) has closed the port to large ships because of a strike announced by the Verdi union over wages, it said on Wednesday....
Decorated research vessel formerly owned by Microsoft co-founder and philanthropist Paul Allen tips over in dry dock, injuring 25. The vessel was purchased by the U.S. Navy’s Naval Sea Systems...
A new consortium comprising UK-based mining company Anglo American, Tata Steel, CMB, VUKA Marine, Freeport Saldanha, and ENGIE plans […] The post Maritime, mining, and energy majors to create a green corridor for iron ore appeared...
Swedish sustainable solutions provider Alfa Laval has completed the acquisition of Marine Performance Systems B.V., a Rotterdam-based maritime technology company that has developed the first fluidic air lubrication system on the market....
South Korea’s shipbuilding giant Hyundai Heavy Industries, an affiliate of HD Hyundai, announced today […] The post World’s first: HHI celebrates 200 mil BHP milestone with the starting of Maersk’s...
China's WuHu Shipyard has cut the first steel for an Orca series heavy lift vessel being built for an alliance between SAL Heavy Lift GmbH and Jumbo Shipping.Back in September 2022, SAL and Jumbo said they had signed building contracts...
US-based ammonia power solutions company Amogy Inc. today announced its $139 million Series B-1 fundraising. The […] The post Amogy nets $139 million in funding at it eyes commercialization of its ammonia-to-power...
Qatar Gas Transport Company (Nakilat) and HSD Engine have signed a long-term service agreement for the provision of spares and maintenance services necessary to maintain the reliability of engines onboard Nakilat’s liquified natural gas...
UK-based shipping company Carisbrooke Shipping has partnered up with Grafmarine, a compatriot manufacturer of […] The post Carisbrooke Shipping trials Grafmarine’s solar energy cells appeared first on Offshore Energy .
Italian energy company Snam has completed docking operations for floating storage and regasification unit […] The post FSRU Golar Tundra arrives in Piombino as Snam readies to launch new LNG terminal appeared first on Offshore...
The Thames Freeport has been given the go ahead to formally constitute its board and start operating fully, following the approval of the final business case by the UK Government. The post Thames Freeport fully operational after final...
Wreckdock, a Jubail-based offshore vessel recycling company, has revealed plans to develop a safe […] The post Wreckdock sets sights on recycling up to 52 ships annually in its new facility appeared first on Offshore Energy .
US-based LNG player Excelerate Energy has entered into an amended and restated senior secured […] The post Excelerate Energy adds $250 million term loan to acquire FSRU Sequoia appeared first on Offshore Energy .
Subsea services firm DeepOcean has taken the Olympic Ares multi-purpose support vessel (MPSV) on a two-year charter. The vessel is owned by the Norwegian shipowner Olympic Subsea.The vessel is a modern construction support vessel...
Peter Twiss has stepped down from his role as President and CEO of German-based shipping company Oldendorff Carriers, effective immediately, after more than 20 years in the role and 28...
Update: K-Ships has issued an statement reporting that the fire was limited to the engine room and funnel, and there is no pollution risk. “Despite this difficult situation, we are...
The top ten container ports in the U.S. had a their biggest monthly decline on record in February, reflecting the dramatic boom-to-bust cycle caused by the COVID-19 pandemic. Inbound container...
By Nick Savvides (The Loadstar) – French container carrier CMA CGM, already spreading its wings by entering the air cargo and logistics markets, is looking to charter four vessels, according to...
Sempra Infrastructure Partners, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), has reached a final investment decision (FID) for the development, construction and operation of Phase 1 of its Port Arthur...