3679 results found for 'cgx'

3679 results found for 'cgx'
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  • Fitch Ratings: Gloomy Outlook for Global Shipping amid Overcapacity Woes

    5 December 2017

    The outlook for the global shipping industry remains negative, according to Fitch Ratings, as the rating agency doesn’t expect a material improvement in market fundamentals in 2018 due to lingering overcapacity. As explained, both container and bulk markets show signs of a revival, but the longevity of this trend remains uncertain due to limited adherence […]

  • Mega Boxships and Rising Demand Fueling Port Investment Race

    24 August 2015
    Business & Finance

    Rising global container port demand and ever larger vessels are driving terminal operators to make significant investments in additional capacity, according to the Global Container Terminal Operators Annual Report 2015 published by global shipping consultancy Drewry. Drewry predicts average global container port demand growth of 4.5% per annum through to 2019. This equates to an […]

  • Port of Melbourne Set to Expand Capacity (Australia)

    1 May 2013

    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 international 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 pleased […]

  • AAA Chair: AI and automated ships pose new challenges in casualty liability

    18 May 2023
    Automation, Business & Finance, Green Marine, IT & Software, Regulation & Policy, Vessels

    Artificial Intelligence and the advent of automated ships will pose difficult questions in determining liability under the Hague Rules for maritime casualties, the 2022-2023 chairman of the Association of Average Adjusters, Sir Nigel Teare, cautions. Sir Nigel drew attention to a recent case involving the containership CMA CGM Libra, which grounded due to negligent navigation. […]

  • ION gets nod for seismic survey offshore Peru

    7 April 2014
    Business & Finance

    ION Geophysical Corporation has been awarded permits to acquire 12,600 km of seismic data offshore Peru. The 2D multi-client survey, known as PeruSPANTM, covers the offshore margin from the Talara basin in the north, to the Pisco basin in the south. ION has developed the program in close cooperation with, and input from, PeruPetro, to increase geological knowledge to […]

  • Sharjah Moon Sailors Latest of Over 50 Indian Sailors to Return Home from UAE

    25 July 2017

    The stranded Indian crew members of MV Sharjah Moon have finally returned home, India’s Consulate General in Dubai informed. ” With our persistent efforts, 5 Indian sailors of Sharjah Moon stuck for many months returning home tonight. We had intervened earlier to send back captain of the ship Jaiprakash-Uttarakhand on July 1,” the consulate said on […]

  • Viridien, TGS complete OBN survey in ‘mature region’ of North Sea

    25 December 2024
    Business & Finance, Business Developments & Projects, Project & Tenders

    Joint venture partners Viridien, previously known as CGG, and TGS have completed the multi-client Sleipner ocean bottom node (OBN) survey, as well as delivered the final processed data expected to be valuable to explorers operating in the area for years to come. The survey, the second of two dense multi-client OBN surveys acquired in the […]

  • Manila Port Decongestion in Overdrive

    6 October 2014
    Business & Finance

    The Cabinet Cluster on Port Congestion (CCPC) in Philippines has shifted decongestion efforts at the Port of Manila into full gear, two weeks after the City of Manila lifted its truck ban. The CCPC said port operations had significantly increased its efficiency and productivity which they had not been able to do during the implementation of the […]

  • WoodMac: Bangladesh’s LNG demand to hit 8 mtpa after 2020

    3 August 2017

    Petrobangla’s deal signed last month with Qatar’s RasGas has marked Bangladesh’s official entrance into the LNG buyers club. 

  • OVL, OIL Buy Stake in Rovuma Block Off Mozambique

    25 June 2013

    ONGC Videsh Limited (OVL) and Oil India Limited (OIL) have signed definitive agreements in Singapore on Tuesday with Videocon Mauritius Energy Limited to acquire 100% of shares in Videocon Mozambique Rovuma 1 Limited, the company holding a 10% participating interest in the Rovuma Area 1 Offshore Block in Mozambique for US$ 2,475 million. The acquisition […]

  • Indian Oil Firms Buy Interest in Offshore Mozambique Block for $2.47 Bln

    25 June 2013
    Business & Finance

    ONGC Videsh Limited (OVL) and Oil India Limited (OIL) have signed definitive agreements in Singapore on 25th June 2013 with Videocon Mauritius Energy Limited to acquire 100% of shares in Videocon Mozambique Rovuma 1 Limited, the company holding a 10% participating interest in the Rovuma Area 1 Offshore Block in Mozambique (Area 1) for US$ […]

  • AAPA: Cargo Volumes at U.S. Ports Expected to Drop by 20 Pct Due to Coronavirus

    4 March 2020

    Cargo volumes at many U.S. ports are expected to go down by 20 percent.

  • New Service Calls Double CMIT’s Q1 Volumes

    18 May 2016
    Business & Finance

    Cai Mep International Terminal (CMIT), a deep-water facility located in the Ba Ria‐Vung Tau Province, southeast of Ho Chi Minh City, Vietnam has recorded a container volume surge of 130% totaling in 277,303 TEUs for the first three months of 2016, as compared with the same period a year ago. The upswing in box volumes is […]

  • Geo Shipyard Delivers Research Vessel to Florida State University (USA)

    4 March 2013
    Business & Finance

    Geo Shipyard Inc, New Iberia, La, recently delivered the R/V “APALACHEE”, a 64x21x9’, aluminum catamaran for Florida State University Coastal Marine Laboratory, St Teresa, Florida. Designed by Fyffe Yachts with NC lofting by Eli Ring, VP of Advance Fabricating, both of Kemah, Texas, the 48 passenger T-boat will support various research functions in the Gulf […]

  • Singapore: Sembcorp Marine’s Shipyard Wins VLCC into FPSO Conversion Contract

    4 October 2011
    Business & Finance

      Jurong Shipyard, a wholly-owned subsidiary of Sembcorp Marine, has secured an approximately S$130 million project to convert the Very Large Crude Carrier (VLCC) tanker, the MV “TAR II” (ex STAR II), to a Floating Production Storage and Offloading (FPSO) vessel for MODEC. This conversion project involves the installation of an external turret mooring system […]

  • Multi-gas vessel conversion edging near with classification of French firm’s containment system as LNG-to-ammonia ready

    6 August 2024
    Business Developments & Projects, Certification & Classification, Regulation & Policy

    GTT has received approval in principle (AiP) from ABS for ammonia (NH3)-ready notation of its Mark III containment system on vessels fueled by liquefied natural gas (LNG).

  • Visiting sailors receive COVID-19 vaccination at U.S. ports

    1 June 2021
    Human Capital, Infrastructure, Outlook & Strategy, Ports & Logistics

    International ship crews arriving at the Port of Long Beach and neighboring Port of Los Angeles are receiving COVID-19 vaccinations to reduce the spread of the infection among seafarer communities.

  • Oceania, Kanfer to build ammonia-ready LNG bunkering vessel

    16 June 2021
    Business & Finance, Collaboration, Environment, Transition, Vessels

    Kanfer Shipping AS, a Norway-based shipping company focusing on small-scale LNG and LNG bunkering, and Australia’s Oceania Marine Energy have signed a Letter of Intent (LOI) to build an ammonia-ready LNG bunkering vessel. The two companies said the vessel was part of their strategy to develop a long-term zero emission sustainable shipping industry in Australia […]

  • Alphaliner: 2M Suspension of Asia-Europe String Too Late

    19 August 2015
    Business & Finance

    The 2M carriers, Danish Maersk and Switzerland-based MSC, have decided to suspend regular sailings of their Asia to North Europe string ‘AE-9/Condor’ from September amid collapsing freight rates spurred by lower demand on the trade this year. Total demand on the headhaul trade dropped by 3.5 % during the first half of 2015, while average […]

  • Singapore: Dyna-Mac Signs LoI with Three Leading FPSO Operators

    21 December 2011
    Business & Finance

    SGX Mainboard-listed Dyna-Mac Holdings Ltd., a multi-disciplinary specialist provider of detailed engineering, procurement and construction services (“EPC”) to the offshore oil and gas, marine construction and other industries, has secured orders worth a provisional sum of S$115 million, boosting its order book to a provisional value of S$190 million as at to date. The Group […]

  • Carriers Suspending West Coast Surcharges

    19 November 2014
    Business & Finance

    Seven carriers have decided to  suspend the announced congestion surcharges for cargo moving via U.S. West Coast ports, that was supposed to enter into effect on November 17, 2014. MSC, US Lines, OOCL, CMA CGM, UASC, COSCO and Evergreen Line said that they will suspend the surcharges until further notice. The surcharges were intended to reach […]

  • Bollinger Delivers Seventh FRC to US Coast Guard

    21 August 2013
    Business & Finance

    Bollinger Shipyards, Inc. has delivered the CHARLES DAVID JR, the seventh Fast Response Cutter (FRC) to the United States Coast Guard. The announcement was made by Bollinger executive vice president of new construction, Chris Bollinger, “We are very pleased to announce another successful on-time and on-budget FRC delivery to the Coast Guard. The CHARLES DAVID […]

  • NOL Not a Good Buy for Maersk?

    13 November 2015
    Business & Finance

    The acquisition of Neptune Orient Lines (NOL), the parent company of the APL, may not be such a good idea for Danish container shipping company Maersk Line, according to the latest warnings from debt markets. “Maersk Line could possibly derive some synergies from an acquisition but Maersk Line is one of the few profitable companies […]

  • Spanish Dockworkers Delay Strike Plans for Another Week

    9 March 2017

    The planned strikes of Spanish dockworkers scheduled for tomorrow, March 10, March 13 and March 15 have been postponed, in yet another attempt of the country’s stevedores to reach a deal on the port reform model. The move follows the government’s announcement on delaying voting on the port reform for another week along with a meeting of […]

  • DCNS Energies Enters MRE Market

    6 January 2017
    Business & Finance, Research & Development, Technology

    French energy specialist DCNS and a fund managed by Bpifrance have formed DCNS Energies, a turnkey constructor of marine renewable energy (MRE) plants for the French and export markets. DCNS Energies, majority owned by DCNS and 36% by the SPI fund (“Société de Projets Industriels” / Industrial Projects Company) of Bpifrance, will devote its activity to […]