The Marine Management Organisation (MMO) has published the finalised plans for the East Inshore and Offshore marine areas in England, following approval from the Secretary of State for the Environment. The UK Chamber welcomes the plans’ recognition of the need to enable sustainable growth of the shipping and ports sectors in order to create local […]
April 3, 2014 | Posted in
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Nakilat, Qatar’s premier LNG shipping company, and its shipyard joint ventures, shipbuilder Nakilat Damen Shipyards Qatar (NDSQ) and ship repairer Nakilat-Keppel Offshore & Marine (N-KOM), have revealed their plans for participation and strong support of DIMDEX, the MENA region’s leading maritime defense exhibition. Nakilat, NDSQ and N-KOM will be showcasing their naval and coastguard ship […]
February 26, 2014 | Posted in
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Metal Shark Aluminum Boats is expanding its operations and has acquired a large waterfront parcel to accommodate the production of larger vessels. The builder has signaled its entry into the shipbuilding sector with the purchase of a 25-acre waterfront tract located in South Louisiana’s St. Mary Parish. Plans for the new facility call for over […]
Overseas Shipholding Group, Inc. intends to outsource the technical management of its International Flag shipping business to V.Ships, a leading third-party ship manager. The outsourcing contract with V.Ships is subject to the approval of the Bankruptcy Court. The Company’s U.S. Flag business will continue with its current strategy and will continue to be headquartered in […]
January 14, 2014 | Posted in
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Members of the G6 Alliance today announced plans to expand their cooperation to the Asia-North America West Coast and Trans-Atlantic trade lanes. The G6 Alliance said the expanded cooperation will provide customers with more service choices and increased sailing frequency. For example, on the Asia-North America West Coast trade, each G6 Alliance member will be […]
December 3, 2013 | Posted in
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Neste Oil is planning to exit its shipping business. According to the plan, the company would sell all its own vessels and outsource the ship management functions currently covering them, with around 320 ship management personnel transferring to a new employer. Neste Shipping’s chartering functions would be retained and integrated with Neste Oil’s organization. Going […]
China’s largest bulk shipper COSCO Holdings Co Ltd has agreed a multi-million euros expansion of its container operations at Greece’s biggest port Piraeus, easing the way for the port’s privatisation. Under a deal announced by Greek officials on Monday, COSCO will be excused paying fees to OLP in return for making the investment, removing a […]
September 2, 2013 | Posted in
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China Rongsheng Heavy Industries announced yesterday its plan to issue Convertible Bonds in an aggregate principal amount of HK$1,400,000,000 (approx. $180 million) that will be used for working capital and general corporate purposes, in particular, to support the Group’s strategic development in the offshore engineering business. The initial Conversion Price is HKS1.00 per Share, which represents […]
Royal Caribbean plans to base the region’s largest cruise vessel at the new Bayonne facility beginning in 2014. The Port Authority Board of Commissioners yesterday approved plans by Royal Caribbean Cruise Lines to build a new cruise terminal building at the Port Authority-owned marine terminal facility in Bayonne – a major public investment that […]
July 25, 2013 | Posted in
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Two new chief operating officers and an offshore support services director have been appointed at Bibby Offshore to support the company’s significant future development plans. Current managing director Fraser Moonie, who has been in the role for three years, becomes responsible for eastern regions including Norway, S.E. Asia (including Singapore) and Australia. He has 16 […]
