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Insurance
Ports
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MSC’s Offer to Acquire Hamburg’s Port Operator HHLA Proceeds to Next Phase
MSC Mediterranean Shipping Company has reached another key step in its proposed investment in HHLA (Hamburger Hafen und Logistik Aktiengesellschaft) which operates the port of Hamburg. The first phase of the tender offer process was completed on November 20 and is now moving into a mandatory second phase which runs until December 7 with the company reporting good progress to complete the proposed acquisition.
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Container Imports Volumes Defy Projections, But Retailers See Q4 Declines
Container import volumes at U.S. ports accelerated into the fall this year defying most expectations and historical peak season declines despite many reports of weak volumes and falling rates. The monthly data from logistics technology platform provider Descartes Systems Group points to surprising strengths while the National Retail Federation is warning that retail imports have likely peaked for 2023.
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Adani Gangavaram Port enhances infrastructure by inducting new cargo handling...
Adani Gangavaram Port announced the enhancement of infrastructure facilities at the premises by inducting new cargo handling equipment. The step is a part of Adani Gangavaram Port strategic investment plan to enhance capacity and productivity at the port. The cargo handling equipment’s include 2 new Grabs (capacity – 46 CBM each) & 2 new Cargo Hoppers (capacity – 60 MTs each). With a capital outlay of INR 6 Crores the new equipment’s will augment port capability to handle cargo with efficiency and result in shorter turnaround time.
Finance
Education
Women in Maritime
Techonology
Dredging
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Port of Morgan City Expansions and Dredging...
The Port of Morgan City’s Marine Terminal Dock Expansion Project at 800 Youngs Road is making significant progress, with six dredges contracted by the Corps of Engineers to support the ongoing work. Unprecedented funding has been allocated to ensure a consistent, navigable channel 20 feet deep by 400 feet wide for industrial use, driving economic growth for the Port District.
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DEME Secures Several Dredging Contracts in Asia
DEME announced it has won several capital and maintenance dredging contracts in India, the Maldives and Malaysia, worth €150 million-300 million combined.
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NMDC Group announces new brand identity
NMDC Group has announced the official launch of its new brand identity and architecture, unifying the visual essence across its subsidiaries with the unveiling of a new corporate image during a special event held yesterday in Abu Dhabi.
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Savannah seeks new dredging project to attract...
The Georgia Ports Authority (GPA) wants to deepen the Savannah River shipping channel to accommodate larger ships carrying the growing volumes of cargo from India formerly sourced from China.
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Salmon Harbor achieves milestone dredging project...
Douglas County Board of Commissioners Tom Kress, Chris Boice, and Tim Freeman are proud to announce the successful completion of a historic dredging project at Salmon Harbor Marina in Winchester Bay,.
LIFESTYLE
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Gulf Craft Explores Emission-Free Yachting
Gulf Craft, one of the worlds’ leading boat and yacht manufacturers, has announced the exploration of hydrogen technology for its superyacht fleet.
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Sandbank 111' Gulf Craft Yacht Hits the...
Gulf Craft's 34 meter Sandbank, is now available for purchase through Northrop and Johnson’s Yacht Broker Kristen Klein, with an asking price of USD14,000,000. Launched in 2023 from the Gulf Craft shipyard in the UAE, this Majesty 111 has already made waves in the industry. -
Barcelona Moves Cruise Ships Out of City Center
Barcelona has followed Venice's lead and relocated all large cruise ships out of its central core, reducing pollution and pedestrian traffic in a popular historic district.
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MSC Continues Introduction of Explora I, First of...
MSC is continuing the introduction of its new luxury cruise brand Explora Journeys with an event in New York City. The company has committed to an investment of more than $3.5 billion for the construction of six cruise ships as it works to build its vision of luxury cruising with a European flair.
OFFSHORE
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BERG Propulsion provides systems integration for...
Berg Propulsion has been selected to provide state-of-the-art control and propulsion technology for what will be one of the largest hybrid tugs ever delivered, after owner Buksér og Berging AS (BuBe) agreed specifications with Türkiye’s Uzmar Shipyard for its latest newbuild. The project will showcase Berg’s roles as an integrator of electric propulsion technology and a supplier of high performance propulsion equipment.
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Ahead of Schedule: ExxonMobil Guyana Takes...
Dutch FPSO leasing firm SBM Offshore and ExxonMobil Guyana Limited, an affiliate of ExxonMobil, have completed the transaction related to the purchase of FPSO Liza Unity, a few months ahead of the end of the maximum lease term, in February 2024.
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Subsea 7 Bags 'Major' Contract Offshore...
Offshore services firm Subsea 7 confirmed the award of a major contract amendment by Petrobras for the development of the Mero 4 field located approximately 200 kilometres off the coast of the state of Rio de Janeiro, Brazil, at 2,200 metres water depth in the pre-salt Santos basin.
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HD Hyundai to Build Offshore Platform for Korea’s...
HD Hyundai is accelerating its efforts to develop new business opportunities using its offshore expertise to develop a platform for South Korea's largest Carbon Capture and Storage (CCS) project. The shipbuilding division notes that it participated in the construction of the offshore gas field 20 years ago and now will again play a key role in the repurposing of the field for its new role.