3679 results found for 'cgx'

3679 results found for 'cgx'
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  • SBI Offshore to design jack-up rig for Middle East-Chinese players

    19 August 2014
    Business & Finance, Equipment

    SBI Offshore Limited has secured a US$24 million contract to provide design and engineering services for a jack-up drilling rig that can operate in water depths of up to 110 meters. SGX Catalist-listed SBI Offshore said its wholly owned subsidiary, SBI O&M Pte. Ltd., signed the contract with a Middle East-Chinese Consortium which comprises six parties that have varied […]

  • Port of New Orleans Breaks All-Time Container Record

    28 January 2019

    The Port of New Orleans (NOLA) set a new container volume record in 2018.

  • Fitch Ratings: Container Shipping Is Poised for Further Consolidation

    31 March 2014

    Consolidation in the container shipping segment via alliances or mergers is likely to accelerate due to persistent overcapacity and freight rates pressure, Fitch Ratings said. Recent developments, including the proposed merger of Hapag-Lloyd and CSAV, US regulatory approval of the P3 Network, and the expansion of the CKYH alliance to include Evergreen will all add […]

  • Pre-Qualification Open for Corozal Port Development

    27 November 2015
    Business & Finance

    The Panama Canal Authority (ACP) issued on Wednesday a Request for Qualifications (RFQ) for companies interested in competing to design, develop, finance, construct, operate and maintain the Corozal Container Terminal on Wednesday. The Corozal Container Terminal will be located at the Pacific entrance of the waterway, and is intended to be a common user container […]

  • Clarksons: China to Shorten White List to 59 Yards

    4 November 2016
    Business & Finance

    At the start of October 2016, a set of revised criteria was introduced for China’s White List of domestic shipyards, marking a further indication that the industry in China is likely to continue to downsize, according to Clarksons Research. Under the new criteria, builders can be dropped from the list if they suspend production or declare bankruptcy, merge […]

  • Drewry: Europe-ECSA Box Volumes Break Three-Year Losing Streak

    19 March 2018
    Business & Finance

    Container volumes from Europe to ECSA broke a three-year losing streak with first annual growth since 2013.

  • Alphaliner: Container Carrier Giants End 2016 in Red

    12 April 2017
    Business & Finance

    Despite the freight rate improvements that followed the collapse of Hanjin Shipping in late August, the average operating margins of 13 main container carriers remained negative in the second half of 2016, according to Alphaliner. Due to the tough operating environment, only three carriers recorded positive operating results for the full year 2016, while the […]

  • 3D Oil awarded offshore permit close to ‘largest oil field ever discovered in Australia’

    29 July 2019

    Australia’s National Offshore Petroleum Title Administrator has awarded 3D Oil Limited the VIC/P74 permit in the offshore Gippsland Basin. 

  • Matson Overhauling Its Alaska Operations

    29 July 2015
    Business & Finance

    U. S. carrier Matson, Inc. is pushing ahead with its plans to fund improvements in its new Alaska operations following its acquisition of Horizon Lines’ Alaska services. Matson has earmarked more than USD 30 million to invest in new equipment planned by Horizon prior to its acquisition. Equipment upgrades to be made over the next three months […]

  • Maersk Line Cuts Capacity on Asia – Europe Trade

    17 February 2012
    Business & Finance

    Oversupply of container vessels operating on the Asia – Europe trade lane has pushed Maersk Line’s container freight rates to unsustainably low levels. In order to rationalise its service, Maersk Line is removing 9% of its vessel capacity currently operating on the Asia – Europe trade. “With this adjustment we are able to reduce our […]

  • IOG appoints new finances head

    13 September 2017
    Business & Finance

    Independent Oil and Gas (IOG), a development and production focused oil and gas company, has elected a new chief financial officer (CFO), effective immediately. IOG said on Wednesday that the company’s newly elected CFO was James Chance. He joined IOG in July 2015 and was most recently the company’s commercial director working extensively on IOG’s […]

  • Lockheed Martin Team Lays Keel for US Navy’s Eleventh LCS

    20 February 2014
    Business & Finance

    The Lockheed Martin-led industry team officially laid the keel for the U.S. Navy’s eleventh Littoral Combat Ship (LCS), the future USS Sioux City, in a ceremony held at Marinette Marine Corporation. The industry team is building Freedom-class LCSs for the U.S. Navy, and has delivered two ships with five others under construction and one soon […]

  • Naming Ceremony for UASC’s New Containership in Hamburg, Germany

    25 May 2012
    Business & Finance

    The AIN SNAN was delivered after a nine-month building phase in January of this year. The UMM SALAL, the first of nine UASC new builds in this size class already went into service in June 2011. During the course of the first five months of this year all nine vessels have been delivered from the […]

  • Siemens to Deliver EnBW Hohe See Turbines & Foundations

    22 February 2016

    EnBW has signed a contract with Siemens AG for the supply and installation of 71 wind turbines and foundations for the EnBW Hohe See offshore wind farm. The order, combining the supply and installation of both foundations and wind turbines in one contract, represents the first such deal in German offshore market, according to EnBW. Siemens will provide its […]

  • Hohe See Offshore Substation Stands Tall

    28 June 2018
    Storage

    Heerema’s vessel Thialf has installed the offshore substation topside at the EnBW Hohe See offshore wind farm in the German North Sea.

  • Germany: UASC Holds Naming Ceremony for 13.500 TEU Vessel AIN SNAN

    25 May 2012

    The United Arab Shipping Company (UASC) named 13,500 TEU containership in Hamburg on 25 May. The AIN SNAN was delivered after a nine-month building phase in January of this year. The UMM SALAL, the first of nine UASC new builds in this size class already went into service in June 2011. During the course of […]

  • USA: BAE Systems Kicks Off Construction of Dredge MV Magdalen

    11 June 2012

    BAE Systems has begun construction on the MV Magdalen, an 8,500 cubic yard capacity trailing suction hopper dredge for Weeks Marine, Inc. Executives from the two companies gathered this week at the BAE Systems Mobile shipyard to oversee the initial cutting of steel for the vessel’s first module, which will weigh 130 tons. When complete […]

  • DSME to bolster cybersecurity for smart ships

    16 June 2021
    Business Developments & Projects, Infrastructure, Innovation, IT & Software

    South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) has teamed up with maritime cybersecurity solution provider DS Lab Company to develop cybersecurity technologies for remote and onboard smart ships.

  • LNG Volume Handled in Port of Zeebrugge to Reach 43 Mt in 2013

    24 December 2013

    A revival in the volumes to and from the United Kingdom, a rise in the number of new vehicles, a status quo in containers and a fall in the LNG volume mark the past year in Zeebrugge. The total volume handled in the port of Zeebrugge will nearly reach 43 million tonnes, a number slightly smaller […]

  • STX OSV Makes Another Step Towards Opening New Shipyard in Brazil

    1 April 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 reached a major milestone in its planned development of a second shipyard in Brazil. On 30 March 2011, STX OSV’s subsidiary, Estaleiro Promar SA, has been granted the environmental license for […]

  • UK consortium to develop and build zero-emission tugs

    15 June 2023
    Vessels

    UK shipbuilder Harland & Wolff has joined forces with Macduff Ship Designers, Kongsberg Maritime and Echandia, to create a UK consortium with a common vision to develop and build a zero emissions harbour and coastal tug.

  • Drewry: Carriers Cut Asia-ECSA Capacity to Tackle Freight Rate Slump

    2 November 2015
    Business & Finance

    Container lines are cutting capacity on the Asia-East Coast South America (ECSA) trade to try and restore abysmally low freight rates, a sign that carriers genuinely realize that conditions on certain trades are now so poor that drastic measures are required, according to shipping analyst Drewry. Spot freight rates have been both weak and volatile on this headhaul […]

  • ABB, Royal Caribbean enter long-term service pact to ‘boost’ vessel efficiency

    4 July 2025
    Business Developments & Projects, Collaboration, Safety, Vessels

    Swedish-Swiss technology company ABB has inked a fifteen-year service agreement with the Florida-headquartered cruise holding company Royal Caribbean Group to improve vessel efficiency and tighten collaboration on maritime decarbonization. As informed, the deal encompasses 33 existing ships. The agreement reportedly covers preventive maintenance and digital solutions to support and ‘optimize’ propulsion operations, boost the vessels’ […]

  • Brazil: StabFrame Successfully Completes its First Project in Waimea Field

    1 February 2012
    Business & Finance, Equipment, Operations & Maintenance

    The first offshore pile installation operation with the StabFrame, a newly developed subsea pile-stabilising template, has been successfully completed in the Waimea field in Brazil’s Campos Basin. Jointly developed by Large Diameter Drilling Ltd. (LDD) and MENCK GmbH, the StabFrame stabilises piles in all depths required for underwater pile driving. The operation was carried out […]

  • Dominican Republic in first oil licensing round. Offers 14 blocks

    11 July 2019

    The Dominican Republic on Wednesday launched its first ever oil and gas licensing round, offering 14 offshore and onshore blocks up for bidding to interested oil companies.