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In a recent development, GNS has announced that they have started a strategic partnership with StormGeo which will create new situational awareness, route optimization through StormGeo’s market-leading BVS and advanced decision support tools and deliver a state-of-the-art experience for...
OOCL expects to realize a gain of  just under US$1.3 billion by selling its Long Beach Container Terminal for US$1.78 billion, whose net book value was US$345 million. A consortium of investors led by the US$5 billion investment...
ABB Measurement & Analytics helps the shipping and power companies save fuel and improve the reliability of large diesel engines. ABB’s instrumentation and analyzers make solving tough measurement applications easy for customers. An article published in ABB explains how...
The Baltic Briefing has issued the tanker report for the 18th week of this year. The report dated 3rd May 2019 provides a valuable insight into this week's tanker market dealings, freight rates, and charter activities. VLCC Another difficult week for...
In June 2016, the Panama Canal Authority, the body that operates the Panama Canal, opened the third set of locks that facilitated the transit of larger ships, the first such expansion since the canal was completed in 1914. In the...
ABB is all set to supply a comprehensive power and propulsion package for China’s first domestically built cruise ship. It will supply an integrated package, including two Azipod® steerable propulsion systems, for the construction of China’s first ever home-grown...
The Baltic Briefing has released Bulk carrier maritime activity report for the 18th week of this year. The report formulated on 3rd May 2019 highlights the situation in the bulk carrier market including trading activities, freight rates, and charter rates. Capesize ...
WW Ocean has added the second of four new post-Panamax ‘Hero-class’ vessels to its fleet of large car and truck carriers. MV Traviata has a capacity of 8,000 car equivalent units (CEUs) and has electrically hoistable deck panels to quickly...
Samsung Heavy Industries (SHI) announced that it has successfully built its first LNG-fuelled vessels with its own technology, says an article published in LNG Industry. Eco-friendly vessels The two LNG-fuelled 113,000 dwt oil tankers delivered to an Asian shipowner earlier this...
Singapore-based Grindrod Shipping receives approval for a new term loan facility to finance a portion of the purchase price for its two Ultramax eco newbuild vessels, reports Glory Logistics. What is the financing for? With the proceeds of the new USD...

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