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12/01/18 Port Announces Banking Facility to Enable Expansion The Port has announced a new £12million banking facility with Lloyds Bank that will enable the next phase in its rapid expansion. Major investments will now be made in relation to terminal infrastructure and the construction of new warehousing, as well as

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Company NewsEurope

11 January 2018 The technology group Wärtsilä has signed a memorandum of understanding (MoU) with Petrocity, the parent company of the new port facility being built in the Brazilian city of São Mateus-ES, to develop a harbour tug design. The prime consideration is to maximise the ecological operational sustainability of

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Company NewsMiddle East and Africa

10 January 2018 New vessels being built by Hyundai Mipo Dockyard will be used to cater to the growing demand for the import of essential grains into Saudi Arabia Bahri Dry Bulk, a business unit of global transportation and logistics leader Bahri, has announced that it has secured a Sharia-compliant

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Company NewsEurope

As an important part of fleet positioning ahead of the progressively stronger market that is expected, Concordia Maritime has chartered in two more MR (ECO) vessels, while also extending the contracts for two of the currently chartered MR (ECO) vessels by a further year. In parallel, a contract to charter

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AsiaCompany News

Tomini Shipping greeted the New Year with the delivery and naming of three ultramax carriers, the vessels named Tomini Prosperity (63,503 DWT), Tomini Liberty (63,511 DWT) and Tomini Dynasty (63,657 DWT) were delivered on 3 January 2018. The naming ceremony was held at COSCO Shipping Ltd, Jiangdu city, China.  Nitin

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Company NewsEurope

21 December 2017 Van Oord recently finished local dredging operations on a 72-kilometres long channel in the Caspian Sea. With this milestone, four years of dredging at an extremely remote location have been concluded. Van Oord built the new channel to allow for transportation of construction modules to the Tengiz

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Company NewsEurope

2017-12-18 We are pleased to announce that we have secured a contract for the design and construction of one luxury polar expedition cruise vessel for French cruise company PONANT. The contract value is approximately NOK 2.7 billion. The unique and state-of-the-art electric hybrid cruise icebreaker with LNG propulsion is developed

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AustralasiaCompany News

28 December 2017 Austal Limited (ASX:ASB) today announced that long-standing client and French Polynesia’s leading commercial ferry operator, SNC Aremiti (part of the Groupe Degage), has awarded a AU$30 million contract to Austal to design and build a new 49 metre high-speed passenger catamaran ferry. This will be the fifth

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Europe

14 December 2017 Damen Shiprepair and Conversion has been awarded a contract to undertake the conversion of a dredger to dual-fuel capability combining LNG and MGO. This will be the first conversion of its kind to take place in Europe. The contract was awarded by Rouen-based GIE Dragages-Ports with regard

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US

DEME has been awarded a major contract in Latin America for the deepening and maintenance dredging of the Canal Martín García, located between Uruguay and Argentina in the northern part of the 50 km wide Rio de la Plata estuary. The 5-year contract carries a total value for the 50/50

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