On 12 September 2018, during the 4th Eastern Economic Forum, a signing ceremony was held for a trilateral agreement on cooperation between Sovcomflot, the Bank for Development and Foreign Economic Affairs (Vnesheconombank) and VEB Leasing. The document was signed by Sergey Frank, President and CEO of PAO Sovcomflot and Igor

Maersk and CargoSphere are introducing a solution for customers to receive digital, fully-automated distribution of its contract rates and amendments. The solution is complementary to Maersk’s online quoting solutions and went live on Monday 20 August. It makes all short-term rates – also known as FAK rates – available close

The largest and most established international maritime expo in the South China Sea region will also feature national pavilions, exhibitors from dozens of industries in the maritime sector, exclusive shipyard visits, networking events, and high-powered seminars. The 8th edition of INMEX China, the largest and most established international maritime expo

She is the second cruise ship to be built for Regent Seven Seas Cruises Thekeel laying ceremony was held today at the Ancona shipyard for the “Seven Seas Splendor”, the second super luxury cruise ship that Fincantieri is building for Regent Seven Seas Cruises, brand of the Norwegian Cruise Line

Wärtsilä and Transocean will optimise the maintenance of all Wärtsilä thrusters installed within the Transocean fleet, while seeking to significantly reduce dry-docking costs by extending the service intervals of the thrusters. The agreement aims to deliver fewer interruptions to operations, which will result in benefits for both parties. The performance-based

Ship Finance International Limited (NYSE: SFL) (“Ship Finance” or the “Company”) announces that it has agreed to sell the 2007-built jack-up drilling rig Soehanah to an unrelated third party and three 2002-built VLCCs to ADS Crude Carriers Ltd. (“ADS”), a newly established company in which Ship Finance has acquired a

12 July 2018 Innovative vessel for CEMEX UK is first of next generation of marine aggregate dredgers Damen has begun work on the construction of the innovative dredging system for the first Marine Aggregate Dredger (MAD). This vessel, which is being built at Damen Shipyards Galati in Romania, is designed to extract sand

Dalfsen, Netherlands: ABB Ability™ Marine Advisory System – OCTOPUS marine software will map the safest and most efficient routes for a fleet of heavy lift vessels servicing the expansion of a giant oil field in Kazakhstan. ABB has secured a series of contracts for nine heavy lift vessels transporting modules

Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers” or the “Company”) announced today that it has agreed to sell and leaseback six MR product tankers (STI Battery, STI Milwaukee, STI Tribeca, STI Bronx, STI Manhattan, and STI Seneca) to CMB Financial Leasing Co., Ltd. Upon completion, the Company’s liquidity is expected to

The number of units built for this company rises to 16 March 6, 2018   During the Seatrade Cruise Global, the most important annual event in the cruise sector, currently under way in Fort Lauderdale (Florida, USA), Fincantieri and Viking have announced that they entered an agreement for 6 further