Indian ports strike threat returns
Dockworkers in India have called for an indefinite strike across all major ports starting on December 17 if the government fails to implement wage revisions and productivity schemes before December 15. A planned strike at many Indian ports was averted at the end of August when government officials and representatives of the Federation of Indian […]
Global Ship Lease snaps up boxship quartet in $274m deal
New York-listed containership owner Global Ship Lease (GSL) is expanding and renewing its fleet with the acquisition of four 9,115 teu vessels for $274m. The Athens-based company, which will own 72 boxships after the transaction is completed, said the post-panamax vessels should deliver between December 2024 and January 2025. GSL did not name the seller, […]
Repsol extends KNOT Offshore Partners shuttle tanker charter
Shuttle tanker player KNOT Offshore Partners has secured a charter extension for one of its suezmax vessels in Brazil. The New York-listed company said Repsol had extended the charter of the 2013-built Carmen Knutsen, starting in the first quarter of 2025. The Spanish oil firm has had the vessel under contract since its delivery to […]
Bộ trưởng Nguyễn Hồng Diên làm việc với GS. John Kent
Chiều 4/12, Bộ trưởng Bộ Công Thương Nguyễn Hồng Diên đã có buổi làm việc với GS. John Kent – Trường Đại học Arkansas (Hoa Kỳ), học giả vừa có bài tham luận giá trị tại VLF 2024 về khu thương mại tự do – Mô hình tại Trung Quốc và một số nước, đặc […]
Shell and Equinor combine UK assets to create country’s largest independent oil and gas company
The UK subsidiaries of energy majors Equinor and Shell will combine their offshore oil and gas assets and form a new company which will be the UK North Sea’s biggest independent producer. The incorporated joint venture will be set up to sustain domestic oil and gas production and the security of energy supply in the […]
ABL Group buys Brazilian engineering and design firm
Energy and marine consultancy ABL Group has acquired 100% of shares in Brazil-based naval architecture and engineering consultancy Proper Marine. The acquisition will expand the group’s technical centre of excellence in design and engineering for maritime and offshore energy construction and operations. According to the company, the transaction will significantly increase its global expertise in […]
Kent inks three-year global contract with BP
Energy giant BP has awarded energy services group Kent a global three-year engineering, procurement, and construction management (EPCm) framework contract. The contract includes options for two additional two-year extensions and positions Kent as a key partner in delivering project services across BP’s global asset portfolio. The framework covers the full scope of EPCm services, supporting […]
Partnership and collaboration crucial; Executive Insights – Prasheen Maharaj
The shipbuilding and shipyard industry is important to any maritime nation’s economic and strategic aspirations.. South Africa is no exception and as a maritime nation, South Africa relies on its shipbuilding capabilities to support trade, create jobs, and strengthen its industrial base.. Shipyards not only enable the construction and maintenance of vessels for commercial and […]
CMA CGM, Maersk and COSCO vie for Transpacific dominance
CMA CGM, Maersk, and COSCO Shipping Lines are competing for the market lead in the Transpacific trade, according to Alphaliner. CMA CGM has regained the position of market leader from Maersk, which was number one in November 2023. At the time, the Danish carrier had several extra loader services deployed in the trade. Maersk’s market share […]
SRSA, National Center for Environmental Compliance join forces to protect Red Sea ecosystem
The Saudi Red Sea Authority (SRSA) has entered into a Memorandum of Understanding (MoU) with the National Center for Environmental Compliance to bolster efforts in protecting the marine environment, curbing pollution, and streamlining environmental permit issuance within Saudi Arabia’s Red Sea region. The agreement also aims to promote sustainable development and support coastal tourism in […]