Danish Shipping: New trade restrictions are deeply worrying [Shipping]
Although the US has decided to exclude Europe from new tariffs on steel and aluminium, new restrictions on trade between the United States and China raise concern. There is an urgent need for new diplomatic efforts to prevent an escalation, says ...
2018-03-27 07:22:05
Top Ships secures newbuild loan for MR duo [Shipbuilding]
Nasdaq-listed shipowner Top Ships has agreed a $36m loan to finance its two MR tanker newbuildings. The Greek shipowner said its 50%-owned subsidiaries City of Athens and Eco Nine had entered into agreement with an unnamed European bank for a ...
2018-03-27 07:20:41
Damen finalizes negotiations on Mangalia shipyard [Finance]
Negotiations between Damen Shipyards Group and the Romanian Government on the Mangalia shipyard were completed on the evening of March 21st.  Rene H. Berkvens, CEO of Damen says, “We are very pleased with the positive and constructive d...
2018-03-27 07:19:32
ABS leads discussion on 2020 Sulfur Cap, Cybersecurity and D... [Shipping]
ABS, a leading provider of classification and technical services to the marine and offshore industries, held its annual Germany National Committee meeting last week.  The gathering of ABS members and industry leaders discussed global issu...
2018-03-27 07:18:35
Rolls-Royce completes autonomous collision avoidance researc [Shipbuilding]
Rolls-Royce has completed the ￡1.3 million MAXCMAS (MAchine eXecutable Collision regulations for Marine Autonomous Systems) research project, demonstrating that the operation of autonomous vessels can meet, if not exceed, current collision avoi...
2018-03-27 07:17:35
Wartsila and Crowley extend maintenance deal [Equipment]
The technology group Wartsila and Crowley Petroleum Services are continuing their co-operation by extending and expanding their maintenance agreement for 11 articulated tug barges (ATBs) owned and operated by US-based Crowley.  An ATB has...
2018-03-27 07:16:28
Katanes wind-wave project in Scotland [Offshore]
DP Energy is a leading global developer in renewable energy projects which are both sustainable and environmentally benign. In a comment on the joint decision with Floating Power Plant, Simon De Pietro, CEO DP Energy said: "We have undertaken ...
2018-03-27 07:14:46
Jiangsu Dajin bags one small tanker [Shipbuilding]
Russian oil product provider Amurskaya Neftebaza turns out to have ordered one new 4,500 dwt tanker from China's Jiangsu Dajin Heavy Industry, an affiliate of Bestway.  According to a foreign media outlet and broker sources, around $7.16m...
2018-03-27 07:13:34
STX labor union goes on strike [General]
Against the company's restructuring program which includes a reduction in 75% production workers, about 700 labor union members at STX Offshore & Shipbuilding (STX O&S) went on a general strike on March 26.  The union said, "Even ...
2018-03-27 07:08:57
DSME receives unqualified opinion [Finance]
Shinhan Investment Corp., a Korean securities brokerage and investment banking house, has reset its buy rating to 'buy' for Daewoo Shipbuilding & Marine Engineering (DSME) on March 23.  Hwang Eo-Yeon, a researcher from Shinhan Investm...
2018-03-27 07:08:22
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