News

  • Port of Vancouver’s ban on trucks more than 10 years old delayed January 16, 2022
    After industry outcry, Canada’s Port of Vancouver has decided to postpone its Rolling Truck Age Program that was supposed to take effect on February 1. Trucks more than 10 years old will continue for an unspecified period to be admitted to the port. “We have recently heard some concerns about our program start date from […]
  • New York finalises contracts for Empire Wind 2 and Beacon Wind projects January 16, 2022
    New York Governor Kathy Hochul on Friday announced the finalisation of contracts between the New York State Energy Research and Development Authority (NYSERDA) and Empire Wind Offshore LLC and Beacon Wind LLC, each a 50-50 partnership between Equinor and BP, for the Empire Wind 2 and Beacon Wind offshore wind projects. The announcement formally closes […]
  • Michelin to debut inflatable sail this year January 16, 2022
    French tire manufacturer Michelin is pressing ahead to commercialise its automated, telescopic, inflatable wing sail system for ships, with the first trial set for the second half of this year. The Clermont-Ferrand-based company has teamed up with compatriot shipowner Compagnie Maritime Nantaise (MN), a subsidiary of Sogetrans, to install a 100 sq m wing prototype […]
  • Ultra Deep Solutions wins DSCV contract January 16, 2022
    Singapore-headquartered Ultra Deep Solutions (UDS) has been awarded another contract by an undisclosed client in the Southeast Asia region.  The project will commence in February this year and involves the diving support construction vessel (DSCV) . No further details were disclosed. The deal follows the announcement of a large subsea project in the same region […]
  • Prysmian seals cabling deal in the Middle East January 16, 2022
    Italian cabling giant Prysmian has secured a deal for the supply of power cables in the context of a landmark HVDC submarine cable project in the Middle East, worth around €220m.  The contract has been awarded to Prysmian by Samsung C&T as part of its EPC consortium with Jan De Nul. The new link, part […]
  • DOF Subsea secures more work for CSV pair January 16, 2022
    Oslo-listed engineering and marine services player DOF Subsea has been awarded new contracts with undisclosed clients for two of its construction support vessels (CSVs).  In the renewables sector, DOF Subsea secured an extension to an ongoing subsea construction contract for the 2008-built CSV Skandi Acergy in the North Sea. The extension is in direct continuation […]
  • Concordia Maritime offloads P-MAX tanker January 16, 2022
    Sweden’s Concordia Maritime has sold 2007-built post-panamax (P-MAX) tanker , as part of a plan previously agreed with its banks. The vessel is scheduled for delivery to its new owners, an unnamed oil company with operations in Africa, later this month. Concordia says the sale will have a positive liquidity effect of about $1.4m, although […]
  • NYK orders LNG-fuelled cape quartet January 14, 2022
    Japan’s Nippon Yusen Kaisha (NYK) has signed up for a total of four LNG-fuelled capesize bulk carrier newbuildings at shipyards in Japan and China. The Tokyo-headquartered shipping major has divided orders between Nihon Shipyard, who will build two ships, while one vessel each will be constructed at fellow Namura Shipbuilding and CSSC-affiliated Shanghai Waigaoqiao Shipbuilding. […]
  • Simpson Spence Young takes over Anchor Shipbroking January 14, 2022
    Simpson Spence Young (SSY), the world’s largest independent shipbroker, has acquired Piraeus-based Anchor Shipbroking. The acquisition is said to further boost SSY’s sale and purchase (S&P) offering and is part of a long-term investment strategy to build out the company’s forward orderbook, combining newbuildings and S&P with long-term period and projects. SSY has been looking […]
  • Maersk ups profit guidance again after bumper quarter January 14, 2022
    A.P. Moller-Maersk has once again upgraded its full-year guidance on better than expected fourth quarter earnings, backed by record freight rates. The Danish shipping giant expects full-year earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $24bn, up from the $22bn-$23bn forecasts in November last year. EBIT has been revised at $19.8bn from up to […]
Courtesy Asia Shipping Media Pte Ltd in Singapore - Splash 247