3677 results found for 'cgx'

3677 results found for 'cgx'
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  • 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.

  • 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 – […]

  • 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 […]

  • Liners, Terminal Operators to Become Shareholders of Global Shipping Business Network

    27 February 2020
    Business & Finance

    Nine ocean carriers and terminal operators have signed a shareholders’ agreement.

  • CMIT Becomes 1st Terminal in Vietnam to Join TradeLens

    20 December 2019
    Business & Finance

    Vietnam’s Cai Mep International Terminal (CMIT) has joined the TradeLens digital platform.

  • Shipping Majors Sign Up for CargoSmart-Led Data Exchange Platform

    12 July 2019

    Data sharing is an important aspect of the maritime industry’s digitalization efforts.

  • 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 […]

  • Santos Board gets independent non-executive director

    24 February 2014
    Business & Finance

    Santos Chairman, Ken Borda, today announced the appointment of Scott D. Sheffield to the Santos Board as an independent non-executive director, effective 24 February 2014. Sheffield is Chairman and Chief Executive Officer of Pioneer Natural Resources Company, which is listed on the New York Stock Exchange and included in the S&P 500 Index. Sheffield has […]

  • 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 […]

  • 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 […]

  • Global Ship Lease Adds 20th Vessel to Its Fleet

    18 September 2015
    Business & Finance

    Global Ship Lease, Inc., a containership charter owner incorporated in the Marshall Islands, has taken delivery of a 2004-built, 8,063 TEU containership, the OOCL Ningbo. Upon delivery, the vessel commenced a timecharter back to Orient Overseas Container Line UK Limited, an affiliate of the seller, for 36 to 39 months at a rate of USD […]

  • 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 […]

  • Global Ship Lease Embarks On USD 360 Mn Notes Offering

    20 October 2017
    Business & Finance

    Global Ship Lease, a containership charter owner incorporated in the Marshall Islands, has launched an offering of first priority secured notes due 2022 in an aggregate principal amount of USD 360 million. The company intends to use the proceeds from the offering, together with borrowings under a new super senior secured term loan facility, to […]

  • Nine Reported Missing after Mercosul Boxship Hits Tug

    4 August 2017
    Business & Finance

    Nine people went missing after the 2, 478 TEU Mercosul Santos containership collided with a tug pushing barges on the Amazon river on Wednesday, August 2. Following the impact, the tug sank taking eleven of its crew members with it along with some barges owned by Bertolini. Two crew members have been rescued, according to local […]

  • Yang Ming to Spread Roots in Asia

    15 December 2017
    Business & Finance

    Yang Ming Marine Transport Corporation (Yang Ming) has unveiled its plans to expand throughout Asia.

  • BAE Systems’ Jacksonville Yard to Repair USS Vicksburg

    14 August 2013

    BAE Systems, Jacksonville, Fla., is being awarded a $6,995,080 modification to a previously awarded multi-ship, multi-option cost-plus incentive fee contract to provide for the availability of USS Vicksburg (CG 69) to include ship repairs, hull, machinery, electrical, electronics, ship alterations and piping as required. The primary focus of this repair package is to accomplish structural […]

  • CGGVeritas Announces Its Second Quarter Results (France)

    27 July 2012
    Business & Finance

    CGGVeritas announced today its non-audited second quarter 2012 consolidated results. The company has reached a total revenue of $831 million, up 11% compared to last years $751 million. The company also reports a strong increase in operating income at $85 million. CGGVeritas CEO, Jean-Georges Malcor commented: “Our Performance Plan continues to bear fruit with the […]

  • Rolls-Royce announces several new contracts at OTC 2014

    9 May 2014
    Business & Finance, Equipment

    Rolls-Royce has announced orders from a variety of international customers for its offshore ship designs and equipment worth more than £60m. The contracts, which include five Rolls-Royce UT Design vessels and propulsion equipment packages for research and seismic survey vessels, were announced at the Offshore Technology Conference (OTC) in Houston, Texas, one of the world’s […]

  • WinGD, Wärtsilä & GTT to Facilitate Uptake of LNG Fuel

    24 August 2018
    Business & Finance, Rules & Regulation

    WinGD, Wärtsilä and GTT have joined forces on making the use of LNG fuel easier for shipowners.

  • COSCON Cuts AAC Service Due to Weak Transpacific Demand

    15 June 2016
    Business & Finance

    Shanghai-based shipping company COSCO Container Lines Co. Ltd. (COSCON) has suspended the America – Asia Container (AAC) service, a high capacity Asia – US West Coast service operated with 8,500-10,000 TEU ships, according to data provided by Alphaliner. The loop’s final eastbound vessel set sail from China’s Lianyungang on June 8. The AAC service covered the outbound traffic from Lianyungang, Shanghai and Ningbo, […]

  • Capital Adds Third Dropdown Newbuilding

    2 July 2015
    Business & Finance

    Nasdaq-listed diversified shipping company Capital Product Partners L.P. (Capital) has acquired the 2015-built chemical/product tanker M/T Amadeus, the third of five dropdown vessels the company had agreed to buy from its sponsor, Capital Maritime & Trading Corp. The 50,000 dwt M/T Amadeus was built at Samsung Heavy Industries’s yard in Ningbo, China. Capital signed the vessel acquisition agreement […]

  • IRISL Coming Back to Europe by End of the Month

    3 February 2016
    Business & Finance

    Islamic Republic of Iran Shipping Lines (IRISL) plans to return to Europe before the end of this month, with HDS Lines ready to launch a full container service connecting Iran with Northern Europe and the Mediterranean, Alphaliner said. The loop will see the first calls of Iranian-flagged vessels in Europe since the UN and EU […]

  • Rolls-Royce Wins USD 101 Mln of Equipment Orders

    9 May 2014
    Business & Finance

    Rolls-Royce has announced orders from a variety of international customers for its offshore ship designs and equipment worth more than £60 million (USD 101 million). The contracts, which include five Rolls-Royce UT Design vessels and propulsion equipment packages for research and seismic survey vessels, were announced at the Offshore Technology Conference (OTC) in Houston, Texas, […]