3671 results found for 'cgx'

3671 results found for 'cgx'
Order results by

A list of search results

  • Alphaliner: No Room for Overcapacity Fears from New ULCVs

    12 September 2017

    The fresh overcapacity fears in Asia-North Europe trade, sparked by the rumored new orders for Ultra Large Container Vessels (ULCV) of 22,000 TEU, seem to be unfounded. Namely, according to Alphaliner’s estimates, the newbuildings of 14,000-22,000 TEU that are to be introduced will only increase Asia-North Europe capacity by some 7% in 2018, with 2019 growth expected […]

  • GSF Blames Legal Uncertainties for P3 Downfall

    20 June 2014
    Business & Finance

    Pulling the plug on the plans to set up an operational alliance between the world’s three biggest container shipping groups (Maersk, Mediterranean Shipping Company and CMA-CGM), the so called P3 Network,  by Chinese regulators was caused by legal uncertainties, the Global Shippers’ Forum (GSF) claims. The group had hoped to form the so-called P3 Alliance […]

  • Singapore-based Container Carrier APL Wins Second Major Award

    14 October 2011
    Business & Finance

      International maritime experts yesterday again named APL the world’s best shipping line, and honoured it for outstanding innovation. The Singapore-based container carrier received the Global Ocean Carrier of the Year award as well as the Innovation IT of the Year award here at the Containerisation International awards. An eight-strong judging panel selected APL from […]

  • France: Sercel Introduces Multi-Sensor Sentinel Solid Streamer

    11 June 2013
    Business & Finance, Equipment, Research & Development

    Sercel announces the launch of Sentinel® MS, its new multi-sensor solid streamer to address the needs of the E&P Industry for ever more detailed and accurate images of the subsurface. Sentinel MS builds on the success of the Sentinel solid streamer. In addition to the high-quality pressure measurement provided by its hydrophone sensor the new […]

  • Norway: STX Secures Contract for PSV Vessel of Own Design

    16 February 2011
    Business & Finance

      STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels,  announces that it has secured a new contract for the design and construction of a Platform Supply Vessel of own design for an undisclosed international customer. The vessel is scheduled for delivery from STX OSV […]

  • HPH Trust Issuing Notes

    18 March 2015
    Business & Finance

    Singapore-listed container port business trust Hutchison Port Holdings Trust (HPH Trust) is raising funds through issuance of notes seeking to refinance its subsidiaries’debts. HPH Trust has through its subsidiary HPHT Finance issued the USD 500,000,000 guaranteed notes due 2018 and USD 500,000,000 guaranteed notes due 2020. The notes due 2018 are issued at an issue […]

  • France: Elengy Terminals Blocked amid Strike

    24 May 2016
    Business & Finance

    Loading and unloading operations at Elengy terminals in France have been suspended due to a workers’ strike. The strike was launched on Tuesday and is expected to last for 24 hours. However, the terminal operator company warned of a possibility that due to the impact of the strike there would be no send-out and no unloading […]

  • Alphaliner: Battle Lines on East-West Routes Being Drawn

    9 November 2016
    Business & Finance

    Although the new carrier alliances will only start operating from April 2017, battle lines on the main east-west routes are already being drawn, after the OCEAN Alliance and THE Alliance unveiled the respective service networks, according to Alphaliner. The OCEAN Alliance will start with an initial deployment of 331 ships with an aggregate capacity of […]

  • OOCL Owners Waiting For the Offer They Can’t Refuse

    18 January 2017
    Business & Finance

    The share price of Orient Overseas (International) Limited (OOIL), parent company of the container carrier Orient Overseas Container Line (OOCL), continues to trade at a significant discount to book value despite a recent price surge that came amidst speculation that OOIL’s container shipping business unit could be up for sale, according to Alphaliner. While several […]

  • Swissco selling anchor handler to reduce debt. Seeks to avoid shareholder vote

    13 April 2017

    Singapore’s debt-laden offshore vessel owner Swissco is set to sell its anchor handling vessel the Coral Knight. The company, currently managed by Interim Judicial Managers, said on Thursday it had agreed to sell the vessel to Australian Maritime Systems Asset holdings. The vessel, built in 2014, is already on a bareboat charter with the buyer. The […]

  • Grandweld Delivers Seismic Support Vessel to Bourbon

    4 December 2013

    Grandweld Shipyards has completed the delivery of Bourbon Gannet, the third Hybrid Seismic Support Vessel in a series of six for Bourbon Offshore. The vessel was handed over in a delivery ceremony held on Saturday November 23, 2013 at Grandweld facilities at Dubai Maritime City.   The 54metre length, 50 tons bollard pull vessel will […]

  • ECIU: Four Offshore Wind Farms Could Replace Hinkley C at Lower Cost

    26 August 2016
    Authorities & Government, Business & Finance, Environment, Research & Development

    The UK can meet its energy and climate change targets even if the proposed Hinkley Point C nuclear power station is not built, and alternatives, including the construction of additional offshore wind farms, work out cheaper, according to a report by the Energy and Climate Intelligence Unit (ECIU). Replacing all electricity generated by the proposed Hinkley Point […]

  • UK: Incat Crowther Launches New Coastal Survey Catamaran Humber Guardian

    13 September 2011

    Incat Crowther is pleased to announce the launch and delivery of Humber Guardian, the first of three new coastal survey catamarans. UK’s Mustang Marine delivered Humber Guardian to Briggs Marine in August. The vessel will be deployed by Briggs Marine to support coastal survey operations for the Environment Agency of England and Wales. Incat Crowther […]

  • Bureau Veritas joins Coalition for Maritime Environmental and Energy Transition

    10 December 2019

    Classification society Bureau Veritas Marine and Offshore has formally joined the Coalition for Maritime Environmental and Energy Transition as a founding partner.

  • Methanol momentum: 25 ships in operation, 81 more on the way

    4 May 2023
    Green Marine, Market Outlooks, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition, Vessels

    There are currently 25 methanol-fuelled ships in operation and another 81 ships on order as of March 2023, according to DNV’s Alternative Fuels Insight. This compares to a total of 82 methanol-powered ships that were in operation and on order at the end of 2022. Of the newbuild ship orders placed in the first three […]

  • Simha: Our Association Will Be Industry’s Collective Voice on IT Issues

    15 November 2018
    Business & Finance

    MSC’s CIO André Simha reveals key drivers behind liner association on digitalization.

  • ONE takes majority stake in TraPac and Yusen Terminals

    27 December 2022
    Business & Finance, Business Developments & Projects, Green Marine, Infrastructure, Ports & Logistics

    Ocean Network Express (ONE) has signed definitive agreements to acquire a 51% stake in each of TraPac and Yusen Terminals, currently held by Mitsui O.S.K. Lines, and Nippon Yusen Kabushiki Kaisha respectively. TraPac is a container terminal operator and vessel stevedore that provides container terminal services in Los Angeles and Oakland. YTI is a container […]

  • Hapag-Lloyd, ONE wrap up integration with TradeLens

    28 June 2021
    Business Developments & Projects, Infrastructure, IT & Software, Technology

    Germany-based company Hapag-Lloyd and Japan’s Ocean Network Express (ONE) have completed the integration with TradeLens, a blockchain-enabled digital shipping platform.

  • USACE: Rock Removal at Lock 15

    24 May 2017
    Business & Finance

    The U.S. Army Corps of Engineers, Rock Island District, which oversees operations and maintenance of Locks and Dam 15, mobilized a maintenance crew to address structural concerns on the downstream guidewall. According to Aaron Dunlop, Operations Project Manager for the Rock Island District’s Mississippi River Project, four monoliths making up a portion of the guidewall […]

  • Drewry: World Shipbuilding Annual Review and Forecast 2012/13

    30 November 2012

      Shipbuilding production levels have remained at record high levels exceeding 50 million cgt for two consecutive years (2010 -2011), with 2012 forecasted to remain close to 2011 levels. However the orderbook that forms the contracted forward workload has diminished rapidly and tails-off to very low levels for 2014 and beyond. Over-tonnaging and large operating […]

  • Moody’s: Hanjin’s Rivals to Benefit from Higher Freight Rates

    18 September 2016
    Business & Finance

    The disruption to cargo services made by South Korea-based Hanjin Shipping has pushed up spot freight rates temporarily creating better conditions for other container shipping companies which stepped in to plug the gap, according to Moody’s rating agency. “Hanjin’s woes are occurring at a time traditionally considered the busiest time of the year for the industry. Among those who […]

  • Alcatel-Lucent to Acquire Norwegian Optoplan

    22 October 2014
    Business & Finance, Research & Development

    Alcatel-Lucent’s subsidiary, Alcatel-Lucent Submarine Networks (ASN), has signed a binding agreement with Sercel, part of the CGG Group, for the acquisition of Optoplan, a leading provider of 4D permanent reservoir monitoring solutions used in offshore oil and gas production. The closing of the transaction is expected to be completed shortly. 4D Permanent reservoir monitoring – […]

  • InterMoor disconnects FPSO turret in Brazil to allow decommissioning

    4 August 2016
    Equipment, Infrastructure

    InterMoor, an Acteon company, has completed its involvement in the decommissioning operations of the OSX-1 floating production storage and offloading (FPSO) vessel, offshore Brazil. The company said on Wednesday that it was responsible for the disconnection of the submerged turret production system (STP) to allow the vessel to navigate to its final destination. InterMoor was […]

  • Babcock’s Australasian headquarters to open in Adelaide

    21 July 2016
    Business & Finance

    British engineering and support services company Babcock International Group will establish its Australasian headquarters in Adelaide with the relocation of its Mission Critical Services and Offshore Services businesses to South Australia. Babcock said last week that the opening of its Adelaide office comes as a part of the company’s ‘aggressive’ regional growth strategy. Furthermore, Babcock’s […]

  • Sasol to Search for Oil Off South Africa’s East Coast

    14 November 2013

    Sasol, through its upstream oil and gas subsidiary, Sasol Petroleum International, yesterday signed an Exploration Right permit to explore for hydrocarbons on the East Coast (Durban and Zululand basins), offshore Kwazulu-Natal province, with the Petroleum Agency South Africa (PASA). The Exploration Right permit was granted by PASA for an initial period of three years. The […]