Coast Guard News
April 9, 2020
Dutch offshore contractor Royal Boskalis Westminster has acquired maritime emergency response specialist Ardent Americas thus expanding its foothold in the US maritime salvage market.
Ardent Americas is an OPA90-compliant player, which means that it meets the requirements of the Oil Pollution Act of 1990 (OPA 90).
The act was passed in the US Congress in 1990 shortly after one of the most catastrophic oil spills in human history a year earlier caused by Exxon Valdez oil tanker in Alaska.... [Read More]
April 9, 2020
The shipbuilding sector has been severely impacted by the ongoing COVID-19 pandemic causing the contracting activity to shrink and newbuild deliveries to get postponed.
What is more, the demolition activity, which has been pretty dynamic over the recent period, has also ground to a halt amid lockdowns across South Asia aimed at curbing the spread of the pandemic.... [Read More]
April 9, 2020
Tech firm CargoSmart Limited has carried out a pilot project with ocean carrier COSCO Shipping Lines using blockchain to share shipment data with a terminal operator in real-time.
Apart from COSCO, Shanghai International Port Group (SIPG), and Tesla (Tesla) took part in the project which took place in December 2019.
As part of the process, COSCO and SIPG streamlined the cargo release process by enabling Tesla to accelerate its cargo pick up procedures.... [Read More]
April 8, 2020
New York-based shipping and logistics company Sino-Global Shipping America has decided to acquire a majority stake in Mandarine Ocean (MO), a Shanghai-based shipping company registered in the Marshall Islands.
As informed, Sino-Global signed a share purchase agreement with Kelin Wu, the 88.5 per cent shareholder of MO.
Under the deal, Sino-Global will acquire a 75 per cent shareholding in Mandarine Ocean for up to $3.75 million, with a combination of cash and stock dependent on MO’s financial performance. ... [Read More]
April 8, 2020
After halting all operations due to the coronavirus pandemic, tourism group TUI AG has signed a state aid bridging loan of EUR 1.8 billion with German state-owned development bank KfW.
The loan has been approved by the German Federal Government on 27 March as part of the COVID-19 state support programme.
As explained, the loan will be used to increase TUI’s existing credit line with its banks amounting to EUR 1.75 billion. ... [Read More]
April 7, 2020
Pacific Basin will pause its fleet expansion plans amid the ongoing market uncertainty caused by the pandemic. ... [Read More]
April 7, 2020
Three crew members displaying coronavirus symptoms were medevaced from two Royal Caribbean ships.... [Read More]
April 7, 2020
Ulrik Uhrenfeldt Andersen appointed as the new Chief Executive Officer of Golden Ocean Management AS.... [Read More]
April 7, 2020
AET secures time charter of two LNG dual-fuel VLCCs with Total subsidiary.... [Read More]
April 7, 2020
The Public Investment Fund from Saudi Arabia has taken 8.2 percent stake in Carnival Corporation.... [Read More]
April 7, 2020
The NSW Police Force commenced an investigation into the docking and disembarking of Ruby Princess last month.... [Read More]
April 7, 2020
The cost cutting measures are being announced on the back of a major drop in demand.... [Read More]
April 7, 2020
Ultra large containership Milano Bridge toppled a crane at a container terminal in the Port of Busan.... [Read More]
April 7, 2020
A German gas carrier grounded off Indonesia in 2018 due to the not fully developed ECDIS, a report shows.... [Read More]
April 6, 2020
Workers at Haldia Port suspended dry bulk vessel operations after confirmed COVID-19 case.... [Read More]
April 6, 2020
Workers at Haldia Port suspended dry bulk vessel operations after confirmed COVID-19 case.... [Read More]
April 6, 2020
Rauma Marine Construction has started the production of Tallink’s new shuttle ferry MyStar.... [Read More]
April 6, 2020
Rauma Marine Construction has started the production of Tallink’s new shuttle ferry MyStar.... [Read More]
April 6, 2020
The economic impact of the push to adapt to the demand drop is yet to be seen as things develop.... [Read More]
April 6, 2020
The economic impact of the push to adapt to the demand drop is yet to be seen as things develop.... [Read More]