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PAO Sovcomflot: Tanker Market is Challenging

Photo: PAO Sovcomflot

 PAO Sovcomflot (SCF Group) continued to increase the share of its fleet serving long-term energy projects over the first quarter ending 31 March 2018. This helped offset the negative impact of the protracted

China to Cut Steel Capacity by 2025

© zjk/Adobe Stock

China will shut down more outdated steel plants and bring total capacity to less than 1 billion tonnes by 2025, the president of the country's steel industry association said, adding that national demand for the metal is set to decline gradually.

The 'Grande Halifax' Christened in Halifax

From left, Andy Abbott CEO of ACL, Karen Oldfield

 The Pure Car & Truck Carrier Grande Halifax, owned and operated by the Grimaldi Group, has been christened yesterday in Halifax, New Scotia. Godmother of the new vessel was Ms. Karen Oldfield, President and CEO of the Halifax Port Authority.

Shipbuilding

New Hydrographic Survey Vessel for USACE

The U.S. Army Corps of Engineers (USACE) Norfolk District accepted delivery of a new high-speed foil assisted hydrographic survey vessel, due to be commissioned on May 31, 2018.

Rolls-Royce Gas Turbine Selected for Japan’s New Frigate

NM022.MT30.TEST.5.jpg

Rolls-Royce reports it has been selected to supply its MT30 gas turbine to power a new class of

Unda Named CEO of SENER Group

Jorge Unda (Photo: SENER Group)

Jorge Unda, until now the Managing Director of the Engineering and Construction area of the SENER

Contracts

BMT Supports Installation of Kriegers Flak Foundations

Image: BMT Group Ltd

Utilising its meteorological and wave forecasting expertise, BMT has played a pivotal role in

DeepOcean Wins Equinor Susbsea Deal

Photo: DeepOcean Group Holding BV

Subsea services provider DeepOcean has been awarded a long-term contract involving subsea life of

Awilco Drilling Signs Contract With Shell

Photo: Awilco Drilling

Aberdeen-based Awilco Drilling said today that it had tied up a contract with Shell UK for the

Technology

Kalmar to Help Borg Havn IKS Improve Productivity

Image: Kalmar Global

Kalmar, part of Cargotec, has been awarded a contract for the automation retrofit of two Kalmar

LNG is the Bridge to ‘Zero Emissions’ Shipping

(Photo: Skangas)

The advent of industry wide tightening of allowable sulfur emissions is getting nearer.

Finferries, Rolls-Royce to Advance Autonomous Navigation

(Photo: Rolls-Royce)

Finnish shipowner Finferries has partnered with Rolls-Royce in an effort to advance technologies

Legal

Spotlight on Liability in Latin-America

Photo: International Maritime Organization (IMO)

International Maritime Organization (IMO) is supporting a Regional Workshop for Latin-American

Protests at Santos Port Impacting Flow of Goods

Protests by truckers in Brazil demanding a reduction in diesel prices have impacted the flow of goods at Santos, Latin America's largest port, the port administration said on

US Exports to China to Rise amid Trade Talks, but Volumes are Capped

© donvictori0 / Adobe Stock

China has pledged to buy more U.S. goods to reduce America's huge trade deficit and help avoid

People & Company News

Diana Containerships Sells m/v Puelo

Puelo. Photo: Diana Containerships Inc.

Diana Containerships has announced that it has signed, through a separate wholly-owned subsidiary

Novatek Plans New Arctic Transport Company

Photo: PAO Novatek

Russia's gas production and sales company PAO Novatek has created a transportation unit called

Xodus, Atlantis Resources Mulls Japanese Tidal Opportunities

Photo:  Xodus Group Ltd

Xodus Group has signed a Memorandum of Understanding (MoU) with Atlantis Resources to pursue the

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