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Milaha Unveils large Plans to Upgrade its Shipyard in Mesaieed

Doha, Qatar – Milaha, has selected Royal HaskoningDHV, a leading independent, international project management and engineering consultancy firm based in the UKand the Netherlands,to develop plansto upgrade its Shipyard facilities in preparation for further growth in current markets and expansion into new areas of operations. Since its foundation in 1978, Milaha’s strategically-located Shipyard has repaired [...]

By | 2018-12-15T14:41:19+00:00 December 15th, 2018|News|0 Comments

Proman Shipping Names Its Largest Vessel Yet

South Korean shipbuilder Hyundai Mipo Dockyard (HMD) hosted a naming ceremony for a 52,000-tonne methanol carrier being built for Japanese shipowner Mitsui O.S.K. Lines, Ltd. (MOL). The vessel was named Castara by Methanol Holdings (Trinidad) Limited, which together with Proman Shipping, are part of Switzerland-headquartered natural gas provider Proman Group, the vessel’s charterer. “The Castara [...]

By | 2018-12-15T07:57:57+00:00 December 15th, 2018|News|0 Comments

Tankers Rebound in November

In November, tanker spot freight rates for dirty vessels showed a significant increase as rates continued to rise from the previous month, as per the latest monthly report from OPEC. Average spot freight rates increased for the third month in a row, showing a gain of 21% on average from the previous month. Freight rates [...]

By | 2018-12-15T07:52:11+00:00 December 15th, 2018|News|0 Comments

Where technology meets competence

Located in a modern science park in Bergen, Norway, DNV GL’s Materials and Corrosion Technology Centre and its sister facility, the Technology Centre for Offshore Mooring and Lifting, are only two years old. But both facilities are staffed by personnel with decades of experience working to improve safety performance, system reliability and ways to reduce [...]

By | 2018-12-15T07:40:36+00:00 December 15th, 2018|News|0 Comments

Coming changes in marine fuel sulfur limits will affect global oil markets

International regulations limiting sulfur in fuels for ocean-going vessels, set to take effect in January 2020, have implications for vessel operators, refiners, and global oil markets. Stakeholders will respond to these regulations in different ways, increasing uncertainty for crude oil and petroleum product price formation in both the short and long term. When burned, the [...]

By | 2018-12-15T07:36:53+00:00 December 15th, 2018|News|0 Comments

Preem and Thun Tankers Focus on More Environmentally Adapted Tankers

On Saturday, December 15, the company Thun Tankers names the new, environmentally adapted tanker “Thun Evolve” in Groningen, Holland. The tanker will be long-term leased by Preem for deliveries to the company’s depots and customers in Sweden, Norway and Denmark. The ship will be delivered to Preem at the end of March. The vessel, built [...]

By | 2018-12-15T07:33:24+00:00 December 15th, 2018|News|0 Comments

World Fuel Services expands bunker operations in US leading up to 2020

World Fuel Services (WFS) is pleased to announce a new US based physical bunker supply operation. Starting mid-January, WFS will be operational in the Columbia River, servicing Portland (OR), Vancouver (WA), Kalama (WA), Longview (WA), Rainier (OR), and Astoria (OR). By partnering with Harley Marine Companies: Pacific Terminal Services and Olympic Tug and Barge, WFS [...]

By | 2018-12-15T07:29:54+00:00 December 15th, 2018|News|0 Comments

Cargotec Lowers 2018 Guidance For Operating Profit Excluding Restructuring Costs

Cargotec lowers the guidance for operating profit excluding restructuring costs and expects the operating profit excluding restructuring costs for 2018 to be EUR 235-245 million. Based on the guidance given on February 8, 2018 Cargotec expected the operating profit excluding restructuring costs for 2018 to improve from 2017 (EUR 258.6 million, IFRS 15 restated). Weaker [...]

By | 2018-12-15T07:21:30+00:00 December 15th, 2018|News|0 Comments

The first shore-to-ship electrical supply connection in Eastern Mediterranean to kick-off at the port of Killini in Greece

The Ro-pax Fior Di Levante will plug into the first shore power facility in Eastern Mediterranean region at a special inauguration ceremony taking place at Killini port on Thursday 20th December 2018 at 10.30. Thtough the installation of this green pioneering cold-ironing facility, developed within the European co-funded programme elemed, the port of Killini achieves [...]

By | 2018-12-15T07:18:54+00:00 December 15th, 2018|News|0 Comments

MOL Honors Officers and Engineers at “MOL Presidential Awards 2018” – Award for Continuous Contributions to Safe Operation and Educating Young Seafarers

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) yesterday announced that the company held a commendation ceremony for the “MOL Presidential Awards for Officers and Engineers 2018” on December 7. The awards are intended to recognize the ongoing safety-related contributions of MOL Group officers and engineers and recognize their key role, in cooperation [...]

By | 2018-12-15T07:13:50+00:00 December 15th, 2018|News|0 Comments

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