Keppel Secures Integration And Upgrading Contracts Worth Around S$160 Million

FPSO La noumbi

Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly-owned subsidiaries, Keppel Shipyard Ltd (Keppel Shipyard) and Keppel FELS Limited (Keppel FELS), secured integration and upgrading contracts worth a combined value of about S$160 million.

Mr Chris Ong, CEO, Keppel O&M, said, “These contracts from repeat customers are testament to Keppel O&M’s strong customer service in delivering on time, within budget and safely as well as our extensive track record in modification and upgrading...

Matson Receives New Cranes As Part Of $60 Million Investment In Terminal Improvements

Matson Receives New Cranes

Matson, Inc., a leading U.S. carrier in the Pacific, has received three new 65 long-ton capacity gantry cranes at its Honolulu hub terminal at Sand Island. The biggest ship-to-shore container cranes to be deployed at any commercial harbor in Hawaii, the cranes arrived aboard a special heavy-lift vessel on Saturday and were positioned for discharge starting this morning.

Image Credit:

Matson’s acquisition of the new cranes, along with the upgrading of three existing cranes and other...

ZIM Joins Maersk’s Blockchain-Enabled Digital Solution To Drive Transparency In Global Shipping


ZIM Integrated Shipping Services announced that it has signed on as a member of TradeLens, a blockchain-enabled digital shipping solution jointly developed by A.P. Moller – Maersk (MAERSKb.CO) and IBM.

TradeLens uses blockchain technology to enable trust between multiple trading partners – from carriers to freight forwarders, customs officials, port authorities and more — when transacting in a digitized global trade documentation process.

TradeLens ecosystem members get a single shared view of a...

Navios Acquisition Announces $103.2 Million Sale And Leaseback Transaction For Tankers


Navios Maritime Acquisition Corporation (“Navios Acquisition”), an owner and operator of tanker vessels, announced that it has completed a $103.2 million sale and leaseback transaction (“Transaction”) for three MR2 product tankers and two LR1 product tankers. The proceeds have been used to refinance $82.4 million of bank debt.

Representation Image – Credits:

The Transaction provides for 28 quarterly payments of $2.3 million each plus interest at LIBOR plus 350 bps per annum. Navios...

World’s First Digital Arctic-Logistics Management System Implemented By Gazprom Neft


Gazprom Neft has launched the world’s first ever digital Arctic-logistics management system. This innovative project — code-named “Kapitan (Captain)” — has been developed to ensure uninterrupted year-round shipments of all ARCOand Novy Port crude produced, and to improve efficiency in logistics management. The system, developed by specialists at Gazprom Neft, operates under three regimes: long-term and operational planning; control and scheduling of the company’s Arctic fleet; and the analysis...

Eimskip And Royal Arctic Line’s Cooperation Agreement Approved By Icelandic Competition Authority


The Icelandic Competition Authority has approved an exemption for the cooperation between Eimskip and Royal Arctic Line A/S, the national carrier of Greenland. The cooperation is subject to certain conditions made by the Icelandic Competition Authority.

As part of the cooperation, three 2,150 TEU container vessels are being built in China with expected delivery late 2019. Two vessels are being built for Eimskip and one for Royal Arctic Line. The vessels will be used in weekly services between...

Damen Shipyards Group Reports Net Loss Of EUR 17 Million For 2018


Damen Shipyards Group has posted a net loss of 17 million euro for 2018. This is the first time in 15 years that the Dutch shipbuilder has announced losses. Damen reports that its financial situation stems from a sustained period of difficulty in a number of maritime sectors and investments it has made in its future.

Notably, despite rising oil prices, the offshore hydrocarbon sectors continue to present tough trading conditions. The harbour towage sector, a key market for Damen, is also...

WinGD Reports Strong Q1 As The 2020 Sulphur Cap Draws Near

WinGD Reports Strong Q1 As The 2020 Sulphur Cap Draws Near

A newbuild order spree of LNG carriers affirms the market-leading position of WinGD’s XDF engines. WinGD is reporting a very solid order intake for the first quarter of 2020 for their low-pressure, dual-fuel two-stroke engines. The maritime industry’s response to the call for tighter environmental regulations combined with the 2020 sulphur cap is steadily driving the industry towards dual fuel solutions.

Image Credits:

A few recent high profile orders confirm that confidence in...