Stone Marine Propulsion in the UK and NGC Marine in China are teaming up to create a new supplier of propulsion and marine gearbox propulsion equipment.
The integral role of insurance, at a time that regulations and business practices cannot keep up with the rapid pace of technological change was in the spotlight at the Annual General Meeting (AGM) of the American Institute of Marine Underwriters (AIMU).
The shipping market is heading for a long cold winter season ahead with seasonal lull of low construction activities in China. As such, the Baltic Dry Index (BDI) recorded 1,374 points on Wednesday, down 31 points day-on-day, and posted a loss of 71 points as compared to Monday’s reading at 1,445 points.
The cyber security risks to ECDIS navigation systems, many of which run on old, and unsupported operating systems, are well known, and ABS director of cyber security Paul Walters offers some very simple advice on how to help keep them safe.
Teekay is targeting consolidation in the ethylene and small-scale LNG sectors with a new multi-gas pool.
Following its takeover of UASC German container line Hapag-Lloyd is putting newbuilding orders on hold for the next few years.
Global container port volumes grew at 7.7% in the third quarter, higher than expected, according to a survey by analyst Alphaliner.
LNG containment expert GTT has inked an order for two FSRUs to be built at Hudong-Zhonghua Shipbuilding for Dynagas.