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Hapag-Lloyd Says Prospects Buoyed by Rising Freight Rates

File photo: Hapag-Lloyd

German container shipping company Hapag-Lloyd expects increased operating earnings this year, it said on Friday, citing a rise in freight rates as market conditions improve.   The shipping industry

Asian Spot LNG Prices Slip on Weak Demand

© Altin Osmanaj / Adobe Stock

 Asian spot LNG prices fell this week on poor demand from major gas-consuming regions despite a slew of new purchase tenders.   The May spot LNG contract fell by $0.25 cents to $5.40 per million British thermal units (mmBtu),

All Drill, No Frack: US Shale Leaves Thousands of Wells Unfinished

© Jon Mullen / Adobe Stock

U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country – a sign that output may not rise as swiftly as drilling activity would indicate.

Shipbuilding

Eight Damen Interceptors for Panama

(Photo: Damen)

The National Air and Naval Service of Panama (Servicio Nacional Aeronaval - SENAN) has taken

SOV Bibby WaveMaster 1 Launched

Bibby WaveMaster 1 (Photo: Damen)

The service operations vessel (SOV) Bibby WaveMaster 1 was officially launched at Damen Shipyards

Svitzer Orders Escort Tug from Sanmar

From left to right:  Sanmar Commercial Director, Rüchan Çıvgın with Svitzer Europe Managing Director, Kasper Friis Nilaus (Photo: Sanmar)

Svitzer has signed a contract with Sanmar to purchase a newbuild 80 tbp ASD escort tug for

Contracts

BP Awards Gulf of Mexico Work to Subsea 7

Subsea 7 said it was awarded a contract by BP as part of the deepwater Mad Dog 2 development, located approximately 190 miles south of New Orleans.    The contract scope covers

Case Study: 18-day Exhaust Gas Scrubber Install

Rigging the scrubber section into the ship. (Photo: Goltens)

Goltens was contracted by a large cruise vessel owner to undertake the installation of two exhaust

Rotterdam Port Signs MoU with Brazilian Port of Pecém

Map: The port of Rotterdam

Port of Rotterdam signs a ‘memorandum of understanding’ (MoU) with the State Government of Ceará

Technology

Apply Now for the MTR100

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The July/August 2017 issue of Marine Technology Reporter — the world's leading subsea industry b2b

SoCal Tech Focus: Global Ocean Design

(Photo: Global Ocean Design)

Patented technology and innovative design are found in Global Ocean Design’s line of benthic

SoCal Tech Focus: Tecnadyne

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For more than 30 years Tecnadyne has been a leader in the worldwide subsea robotics industry

Legal

UK Chamber Welcomes Immigration Rule Change for International Seafarers

Photo: UK Chamber of Shipping

The UK Chamber has welcomed an announcement by the Home Office to reform immigration rules for

GasLog Partners buy GasLog Greece

Photo: GasLog

Greece-based GasLog Partners LP has reached an agreement to buy 100% of the shares in the entity

Norway's Solstad Offshore, Farstad Shipping and Deep Sea Supply Agree Merger

Photo: Solstad Offshore ASA

Norwegian OSV companies Solstad Offshore, Farstad Shipping and Deep Sea Supply have signed off on

People & Company News

Anthony and Nicolás Remain on Hapag-Lloyd Board

Photo: Hapag-Lloyd AG

Hapag-Lloyd AG has announced the continuity in the executive management - Anthony J.

Hapag-Lloyd: Positive Operating Result in a Challenging Environment

Photo: Hapag-Lloyd AG

Hapag-Lloyd AG remains bullish on the substantial earnings contribution from synergies from CSAV

Apply Now for the MN100

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The August 2017 edition of Marine News, the leading voice in the North American workboat market

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