Norwegian technology enterprise Kongsberg Maritime (KM) has decided to divest KM Contros GmbH (Contros) to AML Oceanographic Ltd. (AML).Contros has 20 employees and is a subdivision of the Sensors & Robotics division of KM. The company is located in Ki…
Kongsberg Sells KM Contros to AML Read More »
Virgin Hyperloop One (VHO) is anticipated to pile in a potential US$4 billion into Saudi Arabia as it strives to make hyperloop transportation a reality.A 35-kilometer test and certification track will be built 100 kilometers north of the Red Sea port …
Virgin Hyperloop to Add $4Bln to S. Arabia Read More »
Lake House, a Hong Kong and London based investment company, has appointed PT-Shipmanagement (PTS), a Hamburg based company, to manage two container ships.The two ships have a capacity of 1,300 TEU each and sail with an average crew of 15. The…
PTS to Manage Lake House Boxship Pair Read More »
Belgium’s Exmar, the Nicolas Savery-led shipowner, reported strong earnings for the very large gas carriers (VLCCs), and midsize gas carriers for the the third quarter of 2019. The current trading fleet of Exmar in the VLGC segment is the 83,300 m³ BW …
Exmar Reports Strong Earnings for VLCCs Read More »
Japanese transport company Mitsui O.S.K. Lines (MOL) announced the development of new content for its virtual reality (VR)-based marine safety education program, allowing trainees to virtually capture the sensations of “falling”, “hand being caught bet…
MOL Upgrades VR-based Safety Education Tool Read More »