Shipping

  • Damen Shiprepair & Conversion completes...

    Damen Shiprepair & Conversion (DSC) has recently completed works in Vlissingen and Brest on two major vessels in the fleet of dredging and marine construction specialist Jan de Nul Group. One of these is the Vole au vent, a 140-metre jack-up vessel built specifically for the installation of the latest generation of offshore wind turbines. The other is the trailing suction hopper dredger Leiv Eiriksson. Both vessels are among the largest in their classes, anywhere in the world.

  • Greece Receives Three Bids for Thessaloniki Port

    Greece has received three bids for the acquisition of the 67 percent stake in the Thessaloniki Port Authority, the second largest port in the country, the Greek privatizations agency, Hellenic Republic Asset Development Fund, informed.

  • Nakilat Assumes Management of LNG Mesaimeer

    Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has assumed full ship management and operations of the Q-Flex LNG carrier Mesaimeer from Shell Trading and Shipping Company Ltd. (STASCo).

  • Eight Damen Interceptors for Panama

    The National Air and Naval Service of Panama (Servicio Nacional Aeronaval - SENAN) has taken delivery of four Interceptor 1102 vessels from Damen Shipyards Group. The President of Panama, Juan Carlos Varela, performed the christening ceremonies of all four vessels on 6 February 2017.

  • VSTEP and Damen sign cooperation agreement for...

    A recent cooperation agreement between Damen and VSTEP has been established for the delivery of a NAUTIS Full Mission Bridge Simulator with Alphatron Marine equipment to the Royal Bahamas Defence Force. The delivery is part of the Sandy Bottom Project, which sees the Defence Force acquire a range of Damen patrol vessels, upgrade its existing fleet and develop its port and base infrastructure. 

  • Container Shipping Company’s Subpoenaed in U.S....

    U.S. Justice Department investigators have subpoenaed top executives of several container shipping companies as part of an investigation into price fixing, the Wall Street Journal reported, citing people with knowledge of the matter.

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Shipping lines unprepared for cyber breaches

Most shipowners today have not conducted comprehensive risk analysis to cyber breaches leaving the global merchant fleet very exposed to online attacks. That’s the view of Ronald Spithout, the president of satellite communications giant Inmarsat Maritime.

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ADANI GROUP EYES GLOBAL EXPANSION

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest private port operating firm, will begin a feasibility study into building a greenfield multi-purpose port mainly for handling containers at Carey Island in Malaysia’s Selangor state, about 50 km southwest of the capital, Kuala Lumpur.

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Two ASD Tugs 2411 for Saam Smit Towage to be built by Wilson Sons, Brasil

Wilson Sons Limited (BM&FBovespa: WSON33) announces to its shareholders that the shipyard subsidiary Wilson Sons Estaleiros Ltda, has signed a contract to construct two azimuth tugboats for Saam Smit Towage do Brasil S.A. (“Saam Smit”), to be delivered within twenty months of payment of the first instalment of each vessel.

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Shipping could find itself in new overtonnage supply in two years’ time, if newbuilding ordering picks up pace once more

As the growth potential for global trade appears to be limited for the time being, ship owners should continue to look to trim further tonnage supply, in order to avoid a new crisis in the freight market. In its latest weekly analysis, shipbroker Allied Shipbroking said that “with focus being turned on the G7 meeting taking place in Italy this week and part of W-O-W change the main agenda to be discussed being the openness of trade and a hold on the growing trend towards protectionism, the prospects of global growth and its reliance on the openness of international trade are once again on the defense. Global growth has been moving at a sluggish pace for several years now and despite the optimism prevailing the commodities’ trade these past twelve months, it still seems as though there just isn’t enough drive to really getting things moving on a higher gear”.

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