News

Orient Overseas Container Line Ltd. (OOCL) is proud to announce that OOCL has been awarded the “Top Ranked Carrier 2011” in the Annual Ocean Carrier Performance Survey

MAN Diesel & Turbo has signed a contract with STX, the South Korean engine manufacturer, for the construction of four model 12V28/33D STC diesel engines. The four-stroke units are bound for a Republic of Korea Navy vessel currently under construction in Korea at Hanjin Heavy Industry Co., Ltd, and are expected to be delivered in October 2012.

Wärtsilä and Jiangsu CuiXing Marine Offshore Engineering Co. Ltd. have agreed to establish a joint venture for manufacturing Wärtsilä 26 and Wärtsilä 32 medium-speed marine engines in China. The value of Wärtsilä’s investment in the joint venture is EUR 16 million. Wärtsilä’s share of the joint venture is 49 percent and Jiangsu CuiXing’s share 51 percent.

MAN Diesel & Turbo added another two-stroke licensee to its roster at a signing ceremony in China on June 15 with CSSC Guangzhou Marine Engine Co. Ltd. (GMD).

The U.S. Environmental Protection Agency (EPA) and the U.S. Coast Guard signed a memorandum of understanding (MOU) to jointly enforce U.S. and international air pollution requirements for vessels operating in U.S. waters.

According to the China Electricity Council (CEC), over a quarter of its energy consumption was powered by green sources. China's total output increased by 14.56 percent in 2010 to more than 4.19 trillion kWh.

Dutch company SBM Offshore has received a contract from Technip for the engineering, procurement, construction and integration (EPCI) of a turret mooring system.

Athens-based shipowner Thenamaris has ordered four 6G80ME-C9.2 engines from MAN Diesel & Turbo to be equipped in four 5,000-teu container vessels, which will be built by Hyundai (HSHI) in South Korea.

CSX Intermodal Terminals (CSX) has installed Tideworks' terminal operating system (TOS) at its new Northwest Ohio intermodal terminal (NWOH).

Dutch heavy lift shipping company Jumbo Shipping has opened a Representative Office in Bremen (Germany) in cooperation with German independent breakbulk and heavy lift shipbroker Coli Schiffahrt & Transport KG. The new office, Jumbo Agency Germany GmbH, aims to further strengthen Jumbo’s position in the German project cargo and heavy lift market. Mr. Felix Peinemann, having many years of experience in project shipping (of which 5 years in overweight and oversized cargo), has been appointed General Manager.

Wärtsilä has been awarded a five-year technical management contract, based on Dynamic Maintenance Planning, covering six LNG carriers. The contract has been placed by the operator of the vessels, Ceres LNG Services Ltd, a Greek ship management company and a major marine service provider in LNG shipping.

GL Group announces a number of changes in the management structure of its Maritime Services organisation. The new operational structure is designed to further enhance

Shipping companies face the prospect of a 20% increase in cost of operations as the price of bunker oil touched a record high of $650 per barrel on Thursday, said senior industry

A pioneer in the development and provision of eco-containers for its customers, the CMA CGM Group has just acquired another 18,000 new units, bringing its eco-container fleet to nearly 140,000 teus.

On June 27 2011 in Athens, Maersk Broker and China Development Bank (CDB) signed a Strategic Cooperation Memorandum aiming to strengthen the cooperation within

SEAaT says that international legal practice Norton Rose LLP and the freight services division of global mining group Rio Tinto have become its newest associate members.

Koch Supply & Trading Co. booked a very large crude carrier to store oil at sea, according to Optima Shipbrokers Ltd. Koch hired the British Purpose at a daily rate of $22,000

Dutch heavy lift shipping company Jumbo Shipping has opened a Representative Office in Bremen (Germany) in cooperation with German independent breakbulk and heavy

The Swedish shipping company Wallenius is now using security guards armed with automatic weapons onboard its shipping vessels. The government launched a study in April

Somali pirates are taking 'f piracy to an industrial scale' says Pottengal Mukundan, director of the International Maritime Bureau's piracy reporting centre.