Saudi Aramco, Worldâs Most Profitable Co, Again
Saudi Aramco announced that its net income was $46.9 billion for the first half 2019, compared to $53.0 billion for the same period last year. That easily outstrippedâŚ
NSW Govt Supports LNG Import Terminal
New South Wales Government is considering a proposal for a $590 million liquefied natural gas (LNG) import terminal in the Port of Newcastle, with the project givenâŚ
Briggs Marine Gets SSE Hydro Contract
UK-based marine services company Briggs Marine Contractors (BMC) has been awarded a framework agreement for the underwater inspection and maintenance of SSE HydroâŚ
SeaBird Faces Delays in Seismic Surveys
SeaBird Exploration, a global provider of marine 2D and 3D seismic data and associated products and services to the oil and gas industry, has estimated that itsâŚ
HHLA Group Revenue Up 9.6 %
German logistics and transportation company Hamburger Hafen und Logistik AG (HHLA) said that it has closed the first half of 2019 with rising revenue and resultsâŚ
First Steel Cut for HMS Cardiff
The first steel to be used in Britain's HMS Cardiff, an anti-submarine frigate, was ceremonially cut at BAE Systems' shipyard at Govan, Scotland."We have cut steelâŚ
Birdon Wins US Contracts Worth $390Mln
Australian-based Birdon Group, headquartered in Port Macquarie, has announced that its US subsidiary has been awarded two new contracts worth up to US$390m (AU$575m).
FTA Awards $32.8Mln to U.S. Passenger Ferry
Federal Transit Administration (FTA) announced approximately $32.8 million in project selections to improve the safety and reliability of Americaâs passenger ferriesâŚ
MDL Back in North Sea with i-Tech 7
Maritime Developments (MDL), a provider of back-deck equipment for the subsea sector, has completed a flexible installation project in the North Sea with i-Tech 7âŚ
UUV Market to Reach $7.64bln
The global unmanned underwater vehicles (UUV) market was around USD 2.92 billion in 2018 and is expected to reach approximately USD 7.64 billion by 2025, at a CAGRâŚ
Marine Travelift Expands in Mid-Atlantic
Marine Travelift has announced it is expanding its operation with the addition of Marine Travelift Mid-Atlantic. Marine Travelift Mid-Atlantic is located in AshlandâŚ
North Sea Spot Market Remains Challenging
The North Sea spot market has improved during the second quarter of 2019, as a result of increased rig activity, said Viking Supply Ships.However, the Norway-basedâŚ
ARES Security Launches Seaport Platform
US-based ARES Security Corporation has rolled out a new multi-tenant, Software as a Service (SaaS) solution for seaports in the US.The is now offering their AvertâŚ
Mercury Levels in Fish on the Rise
Warming oceans are leading to an increase in the harmful neurotoxicant methylmercury in popular seafood, including cod, Atlantic bluefin tuna, and swordfish, accordingâŚ
Wilhelmsen Bags Stove Shipping Contract
Norway-based Wilhelmsen Ship Management (WSM) announced that we have been selected as the technical manager for the Stove Shipping AS (Stove) vessels, Stove FriendâŚ
S&P Revises Danish Ship Finance Outlook
The global provider of benchmarks and investible indices, Standard & Poorâs (S&P) has affirmed the âBBB+â Issuer Credit Rating on Danish Ship Finance and revisedâŚ
China Launches Intermodal to Hungary
A new freight train service has been launched linking Jinan, capital of east China's Shandong Province, and Budapest, capital of Hungary, making it the newest ChinaâŚ
HII Announces Leadership Changes At Shipyards
Huntington Ingalls Industries announced today leadership changes at its Ingalls Shipbuilding and Newport News Shipbuilding divisions.Premo Sabbatini has been promoted to vice president of central planning and process excellence at Ingalls Shipbuilding. He succeeds Rick Spaulding, who has accepted a position as vice president of business process standardization at Newport News Shipbuilding.Sabbatini will transition from Ingallsâ amphibious assault ship (LHA) programâŚ
HRH The Princess Royal becomes Patron of BOAM Campaign
The charity behind the campaign to build the UKâs national memorial to the Battle of the Atlantic in Liverpool has announced that HRH The Princess Royal, has become its Patron.In a letter to the campaign Her Royal Highness said:âThe Battle of the Atlantic, a six-year long campaign, was enormous in its scale, both geographically and logistically. In total over 100,000 people lost their lives in this epic struggle between the convoys and the U Boat packs.
Norsepowerâs Rotor Sail on Hybrid Ferry
Ferry operator Scandlines has announced that it has signed an agreement with Norsepower Oy Ltd, leading clean technology and engineering company pioneering modern wind propulsion technology, to install Norsepowerâs Rotor Sail Solution on board the M/V Copenhagen, a hybrid passenger ferry.Operating between Rostock in Germany and Gedser in Denmark, the M/V Copenhagen belongs to the worldâs largest fleet of hybrid ferries, which combines diesel and battery power.
