The marine technology company Kraken Robotics has received $1.7 million purchase orders from Ocean Infinity for the AquaPix Synthetic Aperture Sonar (SAS) sensors and support.According to a press note from the provider of software-centric sensors and u…
Kraken Robotics Nets Ocean Infinity Deal Read More »
Global dry bulk fleet utilization (calculated as total demand in tonne miles transported divided by total available fleet capacity) dropped by 1.4% in the fourth quarter of 2018, reflecting the trend observed in the rate environment.According…
Dry Bulk Market Looks Dull Read More »
The Hong Kong and Vancouver-based shipowner Valles Steamship has ordered a new 112,000 dwt crude oil tanker from South Korea’s Sumitomo Heavy Industries Marine & Engineering (SHIME).Ship set to be fitted with a scrubber and will enter the market before…
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China’s container shipping company Cosco Shipping Lines signed a strategic Memorandum of Understanding (MoU) with Africa-based Bolloré Transport & Logistics to develop new opportunities in transport, logistics and port infrastructure.The two companies……
Cosco, Bolloré in Logistics Partnership Read More »
Workers at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) voted on February 19 to strike to oppose Hyundai Heavy Industries (HHI)’ proposed takeover.According to labour union, the approval for the proposed strike heralds a bumpy…
DSME Workers to Strike Against HHI Takeover Read More »