Thoresen announces improved first quarter results: Challenges remain

Thoresen announces improved first quarter results: Challenges remain

Cost control along with strong effort in marker, to continue in the face of severe depression in the dry bulk market and oil & gas sector Thoresen Thai Agencies Plc. (TTA) announced that its overall performance …
May 17, 2016 /  Finance
Video: Inside Arendal Spirit

Video: Inside Arendal Spirit

Arendal Spirit, the newly delivered Teekay's Unit for Maintenance and Safety is the first in the world UMS based on the innovative cylindrical hull design of Sevan Marine. Having completed successfully acceptance tests …
Aug 4, 2015 /  Vessels
Nippon Yusen Kaisha and MTI Develop Electronic UMS Check System

Nippon Yusen Kaisha and MTI Develop Electronic UMS Check System

Nippon Yusen Kaisha (NYK) and the Tokyo-based Monohakobi Technology Institute have jointly developed an Unmanned Machinery Space (UMS) check system. For the first time a Japanese shipping company has managed to …
Jul 13, 2015 /  Curious
Panama Canal Authority approves new toll rates

Panama Canal Authority approves new toll rates

A proposal to modify the Canal tolls structure has been officially approved by the Cabinet Council of the Republic of Panama. The decision for new canal tolls has been taken after a recommendation of the Board of …
Apr 30, 2015 /  Finance
Video: Arendal Spirit on route to Brazil

Video: Arendal Spirit on route to Brazil

Arendal Spirit is the first Unit for Maintenance and Safety (UMS) of Teekay.  Having been lifted onto a heavy loader, the unit reached a major milestone. Currently Arendal Spirit is on its way to Brazil and …
Apr 15, 2015 /  Vessels
Sweden places order on new submarines

Sweden places order on new submarines

Sweden has placed an order for two new submarines from constructors Saab Kockums. The A26 subs are scheduled for delivery by 2022 and are going to cost a total of up to SEK 8.2 billion ($945 million). "This move on …
Mar 18, 2015 /  Finance