Towage company Svitzer is expanding into regions it says have "substantial growth opportunities" by establishing dedicated regional operations from 1 October. "This increased focus will bring us even ...
Svitzer increases focus on regional growth in Middle East and Africa
Abbot Point port expansion to be approved
Indian conglomerate Adani reached two milestones this week for its proposed AUD20 billion (USD14.6 billion) Australian port, rail, and mine project in northern Queensland. On 21 August, the Queensland ...
Masan’s throughput up 12% in 2Q15
South Korean port city Masan, which has been struggling to raise throughput volumes, has seen a breakthrough with the opening of Gapo New Port. Masan Regional Oceans and Fisheries Administration said ...
Petra Energy profits almost double
Malaysia-listed offshore services provider Petra Energy posted a MYR14.9 million (USD3.6 million) for the second quarter ended 30 June 2015 (2Q15), almost double the profit of MYR8 million in ...
Indonesian police detain three suspected tanker hijackers
North Sulawesi Marine Police have detained three alleged hijackers of the Indonesian-flagged tanker Rehobot. They were named as La Ade Boy Tan aka Valentino, Machmud Manoppo, and Alko Pankey, and were ...
Boskalis posts record profit in 1H
Royal Boskalis Westminster on 20 August revealed "a very busy first half year with historically high profit". It posted EBITDA of EUR500 million (USD563 million), up from EUR466.4 million in the first ...
Ultra Deep Group orders multipurpose diving support construction vessel
Singapore-based offshore services provider Ultra Deep Group has ordered a multipurpose diving support construction vessel (MDSCV) from China Merchants Heavy Industry. The 142 m MDSCV is by far the ...
DNV GL, Tianjin Desail to develop new liftboat design
The Chinese-owned Tianjin Desail is working with DNV GL to develop a new liftboat design for offshore construction, accommodation, and maintenance, which will have 90% local content, the companies ...
Maersk resumes operations at Tianjin port
Maersk Line on 20 August resumed its operations at Tianjin port. The liner suspended its operations following explosions that rocked the port on 12 August. The explosions have so far claimed 114 lives ...
China Exim Bank extends $690m for 10 box ship order at Jinhai
China Exim Bank on 20 August inked an export buyer's credit guarantee agreement with UK investment company BCAP to provide USD690 million funding for 10 container ships to be built at Jinhai Heavy ...
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