Gasum and the owners of the Tornio ManGa LNG project are collaborating to explore opportunities for liquefied natural gas (LNG) sourcing and shipping logistics for terminals in Tornio and Turku. The joint effort aims to create a cost-efficient, Finnish LNG sourcing and shipping solution for industrial, energy production and maritime transport use. The aim is [...]
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In early February this year, Golden Stena Bulk, a 50-50 joint venture between Stena Bulk and Golden Agri-Resources (GAR), announced that it had taken over four innovative product tankers ordered by Stena Bulk in June 2012 for delivery in 2014 and 2015. Recently, the company exercised the options for a total of two product tankers [...]
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The result for the period of first quarter of 2013 was affected by reduced volumes in North America and Western Europe, as well as reduced activity level in Inland Services, following the divestment of Maersk Equipment Service Company Inc., USA (MESC) in March 2012. Positive developments in terminals in high growth markets compensated for this. [...]
The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) met for its 65th session from 13 to 17 May 2013, at IMO Headquarters in London. The Committee made significant progress in its work on further developing energy-efficiency regulations; adopted an MEPC Resolution on Promotion of Technical Co-operation and Transfer of Technology relating [...]
Until 31 October 2013, the IMO will carry out an internet-based public consultation on the experience of administrative tasks in the maritime industry. The purpose is to reduce requirements that are unnecessary, disproportionate or obsolete. International regulation is of great importance to the administrative tasks to be lifted by the maritime industry. In 2011, the [...]
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Offshore Wenduine (OW3) has been converted into a multi-purpose Catamaran Work Boat and been finalized end of April by shipyard Den Breejen under the supervision of Workships Contractors B.V. Her first job was to assist in the testing of the Amplemann L-type access system. Also, the manoeuvrability ofthe ship in the area ofthe landing point [...]
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BMT Group Ltd (BMT), the international design, engineering and risk management consultancy, has announced another strong financial performance for the year to 30 September 2012. By focusing on markets where it can deliver high-value customer solutions, revenues from BMT’s continuing businesses rose 22% to £156m and underlying operating profits increased to £13.7m, a proportion of [...]
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Greek Shipping Minister, Kostis Moussouroulis revealed in his recent official visit to China that the Greek shipowners had placed an order for 142 newbuildings at Chinese shipyards. According to Official Chinese news agency Xinhua, the Minister said that, the order, which was signed last month, represents 60% of all Greek newbuilding orders placed worldwide. Greek [...]
The passenger ship MS Serenissima that ran aground in Oban Bay yesterday, has now been re-floated. With 61 passengers and 51 crew on board, no injuries were reported. There was also no reported pollution and no signs of damage. The RNLI all-weather lifeboat from Oban, HM Coastguard’s Oban Sector Manager along with the Oban and [...]
Paragon Shipping Inc., a global shipping transportation company specializing in drybulk cargoes, announced yesterday that it has signed an agreement for a $69 million credit facility with China Development Bank to partially finance its two 4,800 TEU containerships currently under construction, that are expected to be delivered in the second quarter of 2014. The Company [...]
