Three ship recycling facilities in Europe say they have no current plans to expand
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Container equipment rental rates and cash investment returns remain weak, despite last year’s recovery. But an earlier rise in container prices which lifted values to their highest level in five years will continue to put a dampener on returns…
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Welders from Damen Shipyards Galati in Romania recently took part in the 2018 Arc Cup International Welding Competition in ZhuZhou, China. At the event, the Galati welders excelled, scooping a number of prestigious awards. Over 380 participants from al…
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An Indonesian-flagged ferry, SRI KANDI 99, ran aground on a rock bund at the southern tip of Pulau Tekong on Monday (9 July) night, according to the Maritime and Port Authority of Singapore (MPA). “At 11.42pm on 9 July 2018, the MPA received a report t…
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South Korea’s Samsung Heavy Industries (SHI) delivered the first new building, named Nordic Aquarius, to Nordic American Tankers (NAT). The Bermuda-based NAT said in a press release: “We have previously advised you of the new buildings coming from Sams…
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