Wärtsilä HYTug features hybrid propulsion [Shipbuilding]
The technology group Wärtsilä has announced on January 11 that it signed a memorandum of understanding (MoU) with Petrocity, the parent company of the new port facility being built in the Brazilian city of São Mateus-ES, to develop a harbour t...
2018-01-16 07:27:19
Maryland grants offshore support [Offshore]
On January 10, the Maryland Energy Administration (MEA) announced awards for both the 2018 Offshore Wind Business and the Offshore Wind Workforce Development grants. The aim of these grants is to prepare Maryland’s businesses and workforce to p...
2018-01-16 07:26:27
New banking facility enables Blyth to grow [Finance]
The Port on January 12 has announced a new £12million banking facility with Lloyds Bank that will enable the next phase in its rapid expansion. Major investments will now be made in relation to terminal infrastructure and the construction of ...
2018-01-16 07:25:32
JBIC pours money on domestic BC [Finance]
The Japan Bank for International Cooperation (JBIC) is providing export credit for a 241,000-dwt ore carrier Imabari Shipbuilding is constructing for Ta Tong Marine, a Taiwanese shipping company. According to foreign media, the financing is jo...
2018-01-16 07:23:40
Russia approves first floating nuclear plant [Offshore]
GlavGosExpertiza, a Russian federal autonomous institution for appraisal of engineering recently announced that it approved the plan for the world’s first floating nuclear power plant. According to foreign media, the institution has approved...
2018-01-16 07:22:58
YZJ sets up ship leasing subsidiary [Finance]
Yangzijiang Shipbuilding (Holdings) Group (YZJ), one of the largest privately-owned shipbuilders in China, sets up a ship leasing & chartering subsidiary in Singapore.  YZJ announced through the Singapore Exchange (SGX) on January 10 ...
2018-01-16 07:18:20
Arklow secures BC financing [Finance]
Irish shipping firm Arklow Shipping is understood to have secured a financing for the construction of its new bulkers. According to foreign media, the company is provided with EUR51m of financing for 16,500-dwt short sea bulkers from KfW IPEX-...
2018-01-16 07:17:29
SEA/LNG welcomes first bank member [General]
SEA/LNG, a multi-sector industry coalition created to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, now welcomes French bank Societe Generale as its new member. The bank, as its first member activity, is p...
2018-01-16 07:15:06
HPWS won four feeders [Shipbuilding]
China Navigation Company Limited (CNCo), a Singaporean shipping company under the Swire group is understood to order four containerships at a Chinese yard. According to TradeWinds, CNCo is ordering four 2,400-teu containerships at CSSC-affilia...
2018-01-16 07:14:25
Imabari nets Panamax boxship deal [Shipbuilding]
Imabari Shipbuilding seems to have won Neopanamax containerships series from Evergreen Marine. After a keen competition with Japan Marine United (JMU), CSBC Corporation, Samsung Heavy Industries (SHI) and Hyundai Heavy Industries (HHI), accord...
2018-01-16 07:13:39
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