ABB keen to support arctic shipping [Shipping]
ABB announced on March 16 that how ABB technology supports sustainable future for Arctic shipping. High in the Arctic Circle lies the Northern Sea Route, one of the planet’s vital shipping arteries. It cuts a journey by almost a third compared ...
2020-03-18 09:39:46
Stena Line dismisses 950 employees [General]
The ferry company Stena Line, with its head office in Gothenburg, announced on March 16 that it has dismissed 950 employees in the Swedish operations. The measure is a direct effect of the impact that the Corona virus (COVID-19) has on Stena Line...
2020-03-18 09:34:33
SuMi TRUST Bank signs with Poseidon Principles [Finance]
Sumitomo Mitsui Trust Bank, Ltd. (President: Masaru Hashimoto; hereinafter“SuMi TRUST Bank”) announced on March 13 that it has become the first financial institution in Asian countries to sign on to the Poseidon Principles (*1), an initiative...
2020-03-18 09:30:14
Jotun develops proactive cleaning solution [Equipment]
Jotun announced on March 12 that it has developed a revolutionary proactive cleaning solution for the most challenging operations. Jotun Hull Skating Solutions is offering high performance antifouling, proactive condition monitoring, inspection a...
2020-03-18 09:21:41
Wärtsilä & PSA Marine complete initial sea trials [Equipment]
The technology group Wärtsilä announced on March 13 that Wärtsilä and PSA Marine have successfully completed initial sea trials for the “IntelliTug” project. The PSA Polaris, a harbour tug owned and operated by PSA Marine, has been retrof...
2020-03-18 09:17:55
Riia Sillave to manage HHLA TK Estonia [General]
HHLA announced on March 13 that it has appointed a new Chief Executive Officer; Riia Sillave is to take over management of the subsidiary of Hamburger Hafen und Logistik AG with effect from 15 March 2020. She succeeds Vladimir Popov, who is leavi...
2020-03-18 09:12:38
KN gets finance for FSRU purchase [Finance]
The Nordic Investment Bank (NIB) signed a 25-year loan agreement with Lithuanian liquefied natural gas (LNG) oil terminal operator AB Klaip?dos Nafta (KN). They agreed to fund the purchase of a floating storage regasification unit (FSRU) for LNG ...
2020-03-18 09:06:05
Covid19 delays delivery of FPSO [Offshore]
The spread of the coronavirus (Covid19) has delayed delivery of floating oil production, storage and unloading facilities (FPSO) that are being built in Chinese, Korean and Singaporean shipbuilders. According to Rystad Energy report, 22 out of...
2020-03-18 09:04:59
HHI-DSME merger postponed to 2H [Shipbuilding]
It turned out that Korea Shipbuilding & Offshore Engineering (KSOE) has made an agreement with Korea Development Bank (KDB Bank) to extend the expiration date of investment-in-kind contract for 59.738211m shares (55.7%) in Daewoo Shipbuilding...
2020-03-18 09:02:06
HHI wins 'Ulsan-class Batch-III' frigate [Shipbuilding]
Hyundai Heavy Industries (HHI) announced on March 16 that the Korean shipbuilding giant entered into an agreement with the Defense Acquisition Program Administration (DAPA) for the detailed design and construction of 'Ulsan-class Batch-III' fri...
2020-03-18 09:00:59
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