3679 results found for 'cgx'

3679 results found for 'cgx'
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  • Ocean Three Carriers Take the First Hit

    24 June 2015
    Business & Finance

    The Ocean Three (‘O3’) carriers, CMA CGM, CSCL and UASC, have made the first concession in the ongoing Asia-Europe rate war, according to shipping analyst Alphaliner. Namely, the carrier alliance has decided to withdraw one of their four Far East-North Europe strings for 12 consecutive weeks starting from the end of this month. Alphaliner deems […]

  • Second FSV handed over to SEACOR Marine

    14 April 2016

    Incat Crowther has announced the delivery of Najla McCall, the second vessel in SEACOR Marine’s Express Plus class of Fast Support Vessels (FSV). Najla McCall is a sister ship to the Alya McCall, launched in November last year. According to Incat Crowther, the Najla McCall has seating capacity for 100 personnel and achieved an operational […]

  • Double swoop: SITC taps Chinese yard for two more 1,800 TEU boxships

    29 April 2025
    Business Developments & Projects, Vessels

    SITC Shipowning, a wholly-owned subsidiary of Chinese maritime transportation player SITC International Holdings, has exercised options for the construction of two more 1,800 TEU container vessels at compatriot Huanghai Shipbuilding. As disclosed, the company has set aside HK$449.60 million (around $57.96 million) for the units. The ships will bring the total number of vessels from […]

  • UK player to sell Norwegian assets and Statfjord UK in $1 billion deal

    8 December 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Transition

    UK company Spirit Energy has entered into agreements to divest its Norwegian business, including the Statfjord UK field for $1.076 million.

  • MSC containership attacked in Red Sea amid liners’ gradual return to strategic waters

    27 December 2023
    Authorities & Government, Business Developments & Projects, Green Marine, Regulation & Policy, Safety

    MSC United, a Post Panamax containership owned by Swiss-based Mediterranean Shipping Company (MSC), was attacked while transiting the Red Sea. The attack was confirmed by the Yemeni Armed Forces’ Spokesperson Yahya Sare’e, saying that the ship was targeted by naval missiles. The statement reiterated that the attack is part of the strategy of targeting ‘all […]

  • Clarksons: 27% of the order book to run on alternative fuels

    1 December 2020
    Business & Finance, Environment, Infrastructure, Innovation, Ports & Logistics, Rules & Regulation, Transition, Vessels

    Alternative fuels are gaining traction in the maritime industry amid growing regulatory pressure and currently, they account for 3.5% of the fleet, and 27% of the order book by tonnage, data from Clarksons Research shows.

  • Ophir: Not all is bad when oil prices go down

    16 April 2015

    Ophir Energy, an independent oil and gas company with assets in Africa and South East Asia, has acknowledged that these are some rough times for upstream exploration and production companies. However, in its annual report for 2014, the independent player has revealed that not all is doom and gloom when the oil prices go down, […]

  • Operational delays on two surveys to negatively affect SeaBird earnings

    30 July 2019

    SeaBird Exploration has experienced delays in seismic surveys in West Africa and the Americas, which will result in increased operating expenses.

  • USA: PG&E Appoints Nick Stavropoulos to Lead Gas Operations

    5 May 2011

      Pacific Gas and Electric Company (PG&E) today announced a major realignment of its natural gas operations under a single senior executive and appointed an experienced turnaround specialist to lead across-the-board performance improvements within the organization. Nick Stavropoulos, a veteran natural gas pipeline operator, will assume responsibility for the utility’s entire natural gas business as […]

  • JES Appoints New Board Members

    7 June 2013

    JES International Holdings Limited (JES), a major shipbuilding group based in the PRC, has strengthened its Board of Directors (BoD) and management team by announcing some key appointments to the BoD. The Group’s Chief Financial Officer (CFO) since 1 October 2011, Mr. Patrick Kan, has joined the BoD as an Executive Director, effective from 6 […]

  • Drewry: Orphaned Carriers Will Have to Find New Partners

    25 April 2016
    Business & Finance

    The formation of the Ocean Alliance by CMA CGM, COSCO Container Lines, Evergreen Line and OOCL means that carriers who have been left out of the major alliances will have to act quickly to remain competitive on the market either through mergers or finding new partners. Shipping consultancy Drewry expects that by mid-2017, there will be only three […]

  • Stevenson Creek Dredging Project Progresses Well (USA)

    21 January 2014
    Business & Finance, Equipment, Technology

    The Stevenson Creek dredging project is moving ahead. The project scope consists of dredging approximately 105,000 cubic yards of sediment from the canal. “Reach 1” calls for the removal of 63,000 cubic yards of muck/sand material. This encompasses an area approximately 1700 linear feet long, to a depth limit of -3.5 feet NGVD. “Reach 2” […]

  • Capital Product Partners takes delivery of Aristidis I LNG carrier

    17 December 2021
    Business Developments & Projects, Infrastructure, Project & Tenders, Vessels

    Shipping company Capital Product Partners (CPLP) has taken delivery of LNG carrier Aristidis I from the Korean shipyard Hyundai Heavy Industries

  • SHI completes LNG pilot test facility build

    13 May 2021
    Business Developments & Projects, Operations & Maintenance

    South Korean shipbuilder, Samsung Heavy Industries has completed its LNG pilot test facility at its Geoje yard.

  • Clarksons: Order Volumes Recovery Slows in 2019

    28 November 2019
    Rules & Regulation

    Orders are down around 35 % year on year in 2019 to date.

  • Aker Solutions Wins Oil Separation Contract in Brazil

    19 November 2010
    Business & Finance, Equipment

    Aker Solutions has signed a contract to design, build and supply heavy oil separation equipment to an FPSO vessel operated by OSX, an EBX group company, in Brazil. The contract value is approximately NOK 40 million (Approximately USD $6.8 million) . “This is a major breakthrough for our in-house heavy oil compact technology. We believe […]

  • Evergreen Returns to Marseille Fos

    20 May 2016
    Business & Finance

    Taiwanese container line Evergreen has resumed direct calls at Marseille Fos port in France for the first time in eleven years with the aim to double its traffic.  With its return, Evergreen is replacing a slot arrangement within the CKYHE alliance by adding its own ships to those of Cosco, K Line, Yang Ming and […]

  • Xeneta: Container Shipping’s Peak Season Weakens?

    26 July 2016
    Business & Finance

    Due to a glut of surplus capacity in the container shipping industry, the peak season seems to have lost its previous impact, which was instead spread out through the year, the market intelligence platform for containerized ocean freight Xeneta said. As the traditional peak shipping season is fast approaching, the container lines announced the implementation of GRIs […]

  • Port of Rotterdam’s Oldest Container Terminal Closes Its Gates

    5 October 2015
    Business & Finance

    The Port of Rotterdam has closed its oldest container terminal ECT City Terminal at the Eemhaven on Thursday, 1 October, with the departure of the last sea-going client, the container ship CMA CGM Sambhar. The decision comes as the terminal became unable to cope with the increases in scale in container shipping after almost 50 years […]

  • Report: Container Shipping Giants to Settle with EU Commission on Price Hikes

    11 February 2016
    Business & Finance

    Container shipping companies that are being investigated by the European Commission over a suspected breach of antitrust rules have agreed to settle with the Commission and change their pricing policies so as to avoid fines, Reuters reports citing sources familiar with the matter. The Commission launched the investigation in November 2013, claiming that since 2009, major […]

  • ASYAD books 5th generation LNG carrier duo at Hyundai Samho

    22 December 2022
    Business Developments & Projects, Vessels

    ASYAD Shipping, a part of Oman’s national logistics provider ASYAD Group, has signed an agreement with South Korea’s Hyundai Samho Heavy Industries for the construction of two liquefied natural gas (LNG) carriers. According to a stock exchange filing, the order for two LNG carriers was placed on 21 December and is worth KRW 650 billion […]

  • Damen Completes Marion Dufresne II Overhaul

    3 August 2015
    Business & Finance, Equipment, Operations & Maintenance

    Damen Shiprepair Dunkerque, part of Damen Shiprepair & Conversion, has wrapped up a complete renovation of the French research vessel, Marion Dufresne II. Delivered on time, the oceanographic research vessel set sail for the Port of La Réunion where it will resume its logistic and scientific journey to the French Southern and Antarctic Lands. “The excellent cooperation […]

  • The Netherlands: TOC Europe Returns to Rotterdam

    27 February 2013
    Business & Finance

    Innovative approaches to cope with the challenges arising from a combination of continued global economic and financial fragility, volatility in container shipping, the emerging wave of mega-vessels and the need for more efficient infrastructure to support global container trade will be the core focus of discussion at the 37th TOC Container Supply Chain Europe Conference […]

  • Brazil: OSX Raises USD 500 Million for FPSO Financing

    14 March 2012
    Business & Finance

    OSX raised US$ 500 million by issuing Senior Secured Bonds in the international market, the net proceeds of which shall be used for the construction of its FPSO OSX-3. The FPSO OSX-3 will have an oil production capacity of 100.000 bopd and a storage capacity of up to 1.300.000 bbls. The unit will be chartered […]

  • Australia: Port of Melbourne Expands Its Capacity

    1 May 2013
    Business & Finance

    Minister for Ports David Hodgett welcomed today’s news from the Port of Melbourne Corporation, announcing a shortlist of bidders to build and operate Melbourne’s third interna tional container terminal. “The $1.6 billion Port Capacity Project is a critical infrastructure project that will drive competition and fundamentally enhance Victoria’s future economic growth,” Mr Hodgett said. “I’m […]