Business & Finance
Clipper Takes Control of Klaveness’ Bulkhandling Pool
Clipper Bulk revealed it would acquire the Bulkhandling shipping pool from Klaveness.
Viking Halts Cruises due to Coronavirus Pandemic
Viking will temporarily suspend cruise operations until May 1, due to the coronavirus pandemic.
Seatronics Relocates Headquarters to Westhill
Seatronics, an Acteon company, is relocating its headquarters to Westhill, Aberdeen, after over 40 years based in Bridge of Don. The facility spans over a total of 55,000 square feet footprint including a calibration lab, electronic test lab, development office and a 6m x 5m x 4.5m test tank. “The r
Marinakis Diagnosed with Coronavirus
Greek shipping magnate Evangelos Marinakis has tested positive for the coronavirus.
Van Oord Takes Part in Hansweert Dyke Reinforcement Project
The Scheldestromen Water Board and the Van Oord – KWS consortium today signed the contract for the Hansweert dyke reinforcement project in Zeeland, the Netherlands. The consortium, together with the Scheldestromen Water Board and Witteveen + Bos engineering and consultancy firm, will form the constr
MDL Secures More Than £5M ThinCats Funding
Alternative lender ThinCats has provided a £5.25 million funding facility for Peterhead-based Maritime Developments Limited (MDL). The funding will be used to refinance existing loans and create additional working capital to support MDL in its long-term development plans. The funding represents the
Proserv Names New Chief Financial Officer
Proserv has appointed Julie Thomson as its new group chief financial officer (CFO). Last October, Proserv completed a corporate realignment that saw the formation of two standalone divisions: Proserv Controls, based at the firm’s Aberdeen head office, and Gilmore, a Proserv company, which operates o
BIMCO: Capesize Segment Has Been Hit Hardest by Coronavirus
The Capesize segment was massively impacted by the coronavirus but smaller segments are starting to recover.
Island Offshore hauls in batch of new long-term deals
Norwegian offshore shipping company Island Offshore has secured long-term contracts for several of its platform supply vessels from Swedish oil and gas company Lundin Petroleum.
TORM Bullish on Outlook despite COVID-19, Oil Price Crash
TORM is reaping fruits from one of the strongest starts of a year for the product tanker market.
Schottel Propulsion Units for Germany’s New Research Vessel
The newest addition to German Federal Maritime and Hydrographic Agency (BSH) fleet – survey, wreck-search and research vessel Atair – is equipped with Schottel propulsion systems. Currently under construction at Fassmer in Berne, Germany, the vessel is said to meet the highest environmental standard
Scorpio Offloads Bulker Trio
Scorpio Bulkers has entered into agreements to sell three bulker vessels.
Launching of New TSHD at Ada Shipyard
Istanbul based Ada Shipyard launched 4,000m³ trailing hopper suction dredger (TSHD) for Royal IHC on March 1, 2020, the company said in their latest announcement. The vessel’s specifications: Leagth Overall: 87.25m; Breadth : 19.60m; Depth : 7.50m; Hopper capacity : 4,000m³; Dredging depth : 25m; Lo
Proserv adds chief financial officer to management team
Energy services company Proserv has appointed a new chief financial officer (CFO) of the company.