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Nov 18, 2020

Red Sea Gateway Terminal bolsters capacity with new cranes

Jeddah Port’s Red Sea Gateway Terminal has taken delivery of two remote-controlled Ship-to-Shore (STS) cranes, and 10 hybrid-Rubber-Tyred Gantry Cranes (RTGs), as part…

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Nov 17, 2020

ABB to supply power and propulsion systems for 5 Fincantieri-built ships

Technology company ABB has secured an order worth around $150 million to deliver a comprehensive scope of technologies to power next-generation cruise ships being built by Italian…

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Nov 17, 2020

MISC units mark LNG milestones with Avenir Advantage

MISC Berhad’s Future Horizon and Eaglestar Shipmanagement made their maiden foray respectively as the commercial operator and ship manager of Avenir Advantage LNG bunkering…

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Nov 17, 2020

Sovcomflot secures loan for LNG carrier pair

Joint venture companies belonging to Sovcomflot, NYK Line and Samudera, have secured a $155 million loan to finance an LNG carrier pair. Tangguh Tawuti (Courtesy of NYK Shipmanagement)…

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Nov 16, 2020

QLNG’s 4000-cbm ATB completes sea trials

Quality Liquefied Natural Gas Transport (QLNG) said its newly built 4000-cbm LNG articulated tug and Barge has completed sea trials. Courtesy of QLNG The vessel was built by VT Halter…

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Nov 14, 2020

Volume recovery, cost-cutting measures help Hapag-Lloyd deliver strong results

German container shipping major Hapag-Lloyd reported strong earnings in the first nine months of this year, benefitting from volume recovery in the third quarter combined with stable…

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Nov 14, 2020

AIDAnova on track to get its methanol-operated fuel cell in 2021

AidaNova; Image courtesy: Carnival Corporation The methanol-operated fuel cell system set to be installed on a cruise ship operated by AIDA Cruises, a Carnival Corporation brand,…

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Nov 14, 2020

Moody’s: Shipping to end 2020 better than expected

The rating agency Moody’s has revised its outlook for the shipping industry from negative to stable as the sector outperformed the agency’s projections for this year.…

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Nov 13, 2020

Capital Gas takes delivery of LNG newbuild

Greek shipping company Capital Gas, a unit of Capital Maritime Group took delivery of its newbuild LNG carrier Aristos I. Courtesy of Capital Gas The vessel, capable of transporting…

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Nov 13, 2020

Kongsberg sees growth in shuttle tanker business despite pandemic

During 2020, Norway-based marine technology company Kongsberg Maritime won contracts for twelve of its shuttle tanker concepts, with a value totalling over NOK 400 million ($43.7…

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