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Rickmers Maritime Trust to Be Wound Up

Posted: 04.12.2017
Rickmers Trust Management, the trustee-manager of Rickmers Maritime, said its business would be wound up, as its efforts to reach an agreement with lenders to restructure existing loans fell through.

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America Cruise Terminal – New location for cruise ships

Posted: 02.02.2017
Over 100 years ago, the first Swedish American Line vessel sailed for the USA from Stigbergskajen in Gothenburg. This historic quay is now being resurrected as a cruise reception centre under the name America Cruise Terminal.

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Excelerate to Develop Second FSRU for Port Qasim

Posted: 02.02.2017
Excelerate Energy will deliver its second floating storage and regasification unit (FSRU) to Pakistan following negotiations with a consortium comprising Engro, Fatima, and Shell. It is expected to be the country's 4th such floating terminal.

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ECSA Calls for Global Ship Recycling List

Posted: 01.16.2017
The European Commission recently published its first edition of the E.U. list of approved ship recycling facilities. At this stage, it only features yards situated in Europe and reaches under 30 percent of the E.U.’s own recycling capacity target. For the European Community Shipowners’ Associations (ECSA), this demonstrates clearly that yards outside Europe should get E.U. recognition to raise standards worldwide and respond to demand.

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Hyundai Merchant to Hire 220 Hanjin Employees

Posted: 01.12.2017
As many as 220 former Hanjin Shipping(117930.KS) employees could be set to start work at Hyundai Merchant Marine. The South Korean carrier has already hired 131 employees including onshore, offshore, overseas staffs and ship managers.

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Stena Line Ferry Joins Marlink's Multi-band Comms Network

Posted: 01.12.2017
Marlink has added the first out of four additional Stena Line ships to its multi-band communications network. Marlink now serves the entire fleet of Stena Line vessels, ensuring high levels of connectivity for passengers and crew, in addition to operational applications and commercial businesses on board. Marlink will also further increase available capacity to Stena Line vessels with an additional 10-15%, following the tripled bandwidth increase in June 2016, ensuring that Stena Line can meet the on-going growth in demand for bandwidth at sea.

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Samsung Wins $1.26bln Contract from BP

Posted: 01.09.2017
Samsung Heavy Industries, South Korea's major shipyard, build a floating production unit for British oil multinational BP that will be used in offshore drilling in the Gulf of Mexico, says a report in Yonhap.

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All Eyes on 2020

Posted: 01.09.2017
IMO Low-Sulfur Fuel Mandate Triggers Mixed Reaction

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Global Container Fleet Market to Grow 3% in 2017-21

Posted: 01.04.2017
 A report forecasts the global container fleet market to grow at a CAGR of 3.19% during the period 2017-2021. The report says key vendors in the market are MaerskCMA CGM& MSC.

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HPH Trust Units to Buy Majority Stake in Huizhou Terminals

Posted: 12.28.2016
Container port business trust Hutchison Port Holdings Trust (HPH Trust) has reached an agreement to purchase a majority stake in Huizhou International Container Terminals Limited (HICT).

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