Being a front-runner, especially in the shipping industry, comes with a lot of risks. Being the first to enter a market or introduce a new product or service can give you a significant advantage over others, and even set the tone in the market. However, there is a great risk of failure bringing with it …
Euronav CEO: We don’t want to make a bet on a specific future fuel Read More »
The UAE-headquartered marine and offshore services provider Drydocks World Dubai, a part of DP World, and Norway’s offshore engineering contractor Aker Solutions have formed a new joint venture, which will enable them to work together on upgrading a floating production, storage and offloading (FPSO) vessel for one of the largest undeveloped oil fields in the UK. …
Drydocks World and Aker Solutions to revamp FPSO destined for UK’s giant oil & gas field Read More »
Ashdod Port Company has signed an agreement with Maersk North America – to collaborate on innovation opportunities in supply chain logistics. The agreement enables Israeli startups that are participating in Ashdod Port’s Blue Ocean for Startups technology incubator to be considered for pilot projects in North America to test the proposed technologies in landside operations. …
Global freight forwarding is a $300B industry that facilitates the movement of cargo from one place to another through a series of manual and legacy processes. Freightify’s freight rate management platform is solving the complex challenges facing freight forwarders and helping them to do more business faster at lower costs. Today, Freightify is announcing a …
ZIM Integrated Shipping Services Ltd. announced today that its ZXB service will undergo a significant restructuring, with a new and improved rotation. Starting from late February, the ZXB weekly rotation will be: Jakarta – Laem Chabang– Cai Mep – Haiphong – Yantian – Kaohsiung – Panama Canal – Kingston – Baltimore – Norfolk – New …
Pacific International Lines (PIL) is pleased to introduce a new weekly direct service connecting the key ports of Thailand, Philippines and Singapore. The new service, known as Thailand Philippines Straits Service (TPS), will commence on 15 February 2023 from Manila, Philippines. It will be served by a consortium of vessels with an average capacity of …
PIL strengthens SEA linkages with new Thailand Philippines Straits Service (TPS) Read More »
Saudi Arabia’s Ministry of Industry and Mineral Resources has issued the first industrial operating license for NEOM Green Hydrogen Company (NGHC), an equal joint venture between NEOM, ACWA Power, and Air Products, based in Oxagon. When complete, NGHC is expected to be the largest at-scale green hydrogen production company in the world based in Oxagon, …
NGHC receives first industrial operating license in Oxagon Read More »
The international offshore rig count recorded an increase of ten units in January 2023 compared to December last year, according to the latest rig count report from Baker Hughes. Source: Baker Hughes The international rig count is up 60 rigs from last year’s count of 841, with offshore rigs up 31 and onshore rigs up …
Ashdod Port Company has signed an agreement with Maersk North America to collaborate on innovation opportunities in supply chain logistics. The agreement was signed at the Manifest conference in Las Vegas, one of the largest logistics conferences in the world. Credit: Maersk Over 3,000 visitors from 50 countries participate in the conference, along with 1,000 …
Maersk, Ashdod Port to collaborate on logistics, supply chain innovation Read More »
John Frederiksen’s offshore drilling contractor Northern Drilling has carried out a private placement of new shares in the company to raise $10 million for litigation costs arising from the ongoing arbitration pertaining to cancelled orders for two drillships with the South Korean shipbuilder, Daewoo Shipbuilding & Marine Engineering (DSME). Northern Drilling revealed its intention to …
$10 million raised to cover ongoing arbitration costs regarding two cancelled drillships Read More »
