Norway Supports GreenVoyage-2050 Project
Partnerships and innovations are essential to combat climate change through reductions in GHG emissions. Norway has provided an additional NOK 40,000,000 (US$4.3. million) to the International Maritime Organization (IMO)-Norway GreenVoyage-2050 project…

Hapag-Lloyd Appoints New CFO
German international shipping and container transportation company Hapag-Lloyd AG has appointed Mark Frese to the Executive Board effective 25 November 2019. On 1 March 2020, he will become the new Chief Financial Officer (CFO), replacing Nicolás…

Sinopec Builds 100 Barge VLSFO Fleet
Chinese energy giant China Petroleum & Chemical Corporation (Sinopec) is planning to build a fleet of 100 barges over the next three years as part of its mission to become a major regional supplier of the IMO 2020-compliant very low sulphur fuel oil (VLSFO).According to a report from Reuters…

Gasum on an Acquisition Spree
Finland-based integrated gas company Gasum takes steps forward in its growth strategy by acquiring AGA’s Clean Energy business and Nauticor’s Marine Bunkering business from Linde AG."These acquisitions will enhance the development of the Nordic…

HHLA Reports 8.3% Growth in Revenue
Hamburger Hafen und Logistik AG, HHLA, the company that operates three out of four of Hamburg’s container terminals, continued its positive performance in the first nine months of 2019.The total revenue was 1.04 billion euros, an increase of 8.3 percent…

Liebherr Crane Loads Massive Oil Platform
Mexican crane and heavy haulage contractor ESEASA used its Liebherr LR 13000 crawler crane for the first time to load oil platforms onto barges at the port city of Tampico.Tampico is on the Gulf of Mexico and is a major industrial center with its own port.

Teekay Expects Strong Tanker Market
The tanker market fundamentals are expected to be strong through the upcoming winter months and into 2020 on the back of firm tanker tonne-mile demand, low fleet growth over the next two years, and supportive near-term factors, including the…

China to invest billions in Brazilian Port
China will make a billion-dollar investment in the Brazilian port of Sao Luis via China Communications Construction Company, two sources with direct knowledge of the matter said on Wednesday.Speaking on condition of anonymity, the sources said…

NTSB Issues Duck Boat Safety Recommendations
U.S. federal officials are calling for new safety rules following the fatal sinking of a Missouri amphibious passenger vessel in July 2018.Seventeen of the 31 people aboard the modified WWII DUKW amphibious passenger vessel, or "duck boat", Stretch Duck 7 died…

Three New Damen FCS Patrol Vessels for SR Platforms
In one week Damen Shipyards Group has launched an FCS 3007 Patrol vessel and, in cooperation with the same owner, SR Platforms, successfully completed the sea trials of two FCS 4008 Patrol vessels. This brings the number of Damen ships in SR Platforms’ fleet up to four…