Stena Line invests £5M in fleet upgrade

Stena Line invests £5M in fleet upgrade

Leading ferry company Stena Line has started work on a £5m refit programme of its local ferry fleet at Belfast’s Harland and Wolff shipyard. The 10-week upgrade schedule will see five Stena Line vessels dry …
Jan 11, 2019 /  Finance
Golar LNG receives Limited Notice to Proceed for an FLNG vessel for Phase 1 of the Greater Tortue / Ahmeyim Project, West Africa

Golar LNG receives Limited Notice to Proceed for an FLNG vessel for Phase 1 of the Greater Tortue / Ahmeyim Project, West Africa

Golar LNG Limited (Golar LNG) announced today that it has received a Limited Notice to Proceed (LNTP) from BP Mauritania Investments Ltd and BP Senegal Investments Ltd, (together BP) in their capacity as block operators, …
Dec 17, 2018 /  Vessels
Nordic American Offshore entered into a share purchase agreement with Scorpio Offshore Investments

Nordic American Offshore entered into a share purchase agreement with Scorpio Offshore Investments

Nordic American Offshore Ltd. (NYSE: NAO) announced today that it has entered into a share purchase agreement with Scorpio Offshore Investments Inc., a closely held company owned and controlled by the Lolli-Ghetti …
Dec 12, 2018 /  Finance
Port of Hamilton receives $17.7 million federal government investment to modernize port infrastructure

Port of Hamilton receives $17.7 million federal government investment to modernize port infrastructure

Canada's Transport Minister Marc Garneau visited Hamilton to announce an investment of $17.7 million in the Port of Hamilton from the National Trade Corridors Fund (NTCF). The federal investment will be matched by the …
Nov 22, 2018 /  Finance
Northwest Seaport Alliance approves investments for future

Northwest Seaport Alliance approves investments for future

At a special dual meeting on Tuesday (Nov 13), the Managing Members of The Northwest Seaport Alliance (NSWA) adopted a budget for 2019 as well as a five-year capital investment plan. The budget and investment plan allow …
Nov 14, 2018 /  Finance
ABP invests £1 million in port of Lowestoft as part of energy hub vision

ABP invests £1 million in port of Lowestoft as part of energy hub vision

The first phase of a £300,000 demolition project to clear a new 13-acre development site has completed at the Port of Lowestoft’s Shell Quay. The project, to provide more development land for ABP and …
Nov 13, 2018 /  Curious
Ocean Yield announces investment in two chemical tankers with long-term charters

Ocean Yield announces investment in two chemical tankers with long-term charters

Ocean Yield ASA (Ocean Yield) announced on Thursday (Oct 25) that the Company has agreed to acquire two 2015 built 37,000 dwt IMO II chemical tankers with 12-year bareboat charters to companies owned and guaranteed by …
Oct 29, 2018 /  Vessels
Port of Rotterdam Authority signs investment agreement for participation in Port of Pecém

Port of Rotterdam Authority signs investment agreement for participation in Port of Pecém

On October 24th Allard Castelein, the CEO of the Port of Rotterdam Authority, and Camilo Santana, Governor of the Brazilian state of Ceará, signed an investment agreement regarding the Port of Rotterdam …
Oct 26, 2018 /  Vessels
The latest stage of a £50Mln expansion of automotive trade at the Port of Southampton begins

The latest stage of a £50Mln expansion of automotive trade at the Port of Southampton begins

Work on the latest £15 million multi-deck storage facility in the Eastern Dock will take 9 months and will create 3,000 additional spaces for vehicles to be stored. This is the eighth multi-deck at the port and …
Oct 9, 2018 /  Curious
ICTSI to further expand Manila International Container Terminal

ICTSI to further expand Manila International Container Terminal

The Philippine Ports Authority (PPA) has given the nod for capacity improvements at the Manila International Container Terminal (MICT), the flagship operation of International Container Terminal Services, Inc. …
Oct 8, 2018 /  Curious