Dedicated programmes for explosion proof and medium voltage motors, a global supply chain and a long record of accomplishment from the marine sector has enabled Hoyer to secure strong reference projects in the Oil Gas market. In 2020 and 20

MarineMax, Inc., the worlds largest recreational boat and yacht retailer, today announced record results for its first quarter ended December 31, 2021. Revenue increased 15% to a record $472.7 million for the quarter ended December 31, 2021

With Brent crude trading over $90 per barrel, there is strong momentum behind the oil market. We believe bunker prices will remain high in 2022, and have the potential to go much higher from where they are currently. There are two main reas

Three new electric patrol boats were delivered to the City of Amsterdam and the Amsterdam Police. Two additional patrol boats are under construction for which EST-Floattech will also deliver the battery packs. Damen Shipyards Group handed o

Xeneta , the leading ocean and air freight rate benchmarking, market analytics platform and container shippingindex,hasacquired Amsterdam-based air freight data analysts CLIVE Data Services to provide the most timely and comprehensive insig

Indian Register of Shipping has recently classed a hybrid catamaran (battery powered) ferry - Water Metro-01. It is the first in a series of 23 such vessels being built by Cochin Shipyard Ltd. As decarbonisation gathers pace, industry stake

The unforeseen events of recent years have demonstrated how beneficial it can be for parties to contractually expect the unexpected whether the event is extraordinary weather conditions caused by climate change or a pandemic. To help partie

A serious seafarer recruitment and retention crisis is looming unless governments and ship managers take steps to allow more shore time and improve conditions onboard ships. The release of the 2021 Seafarers Happiness Index today (26 Jan) s

Antong Holdings released the 2021 annual performance forecast growth announcement. The company expects that the annual net profit in 2021 will be about 1.45 billion yuan to 1.6 billion yuan , an increase of 157 million yuan to 307 million y

DNV has been selected to lead an ammonia bunkering safety study by the Global Centre for Maritime Decarbonisation (GCMD) in Singapore. The pioneeringstudy aims to define a robust set of safety guidelines and operational envelopes that will

Hong Kong-based financial leasing form CSSC (Hong Kong) Shipping will acquire two 6,700 ceu vessels from Norways Gram Car Carriers in a sale and leaseback agreement. In line with details of the transaction, CSSC Shipping will pay US$70m for

The Baltic Exchanges dry bulk sea freight index fell for a 13th straight session on Tuesday, dragged lower by weaker rates across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax vessels, fel

Following a new reseller agreement signed at Kormarine 2021, STX Engines customers selecting Tekomar XPERT will benefit from optimized engine performance and reduced OPEX through fuel savings. ABB Turbochargings digital performance optimiza

On the evening of January 24, COSCO SHIPPING Holdings issued a performance forecast. The company expects a net profit of about 89.3 billion yuan in 2021, an increase of about 8 times year-on-year, which will be the best annual performance i

The future looks bright for Norcod (Photo: Norcod) 2021 was a successful year for Norwegian aquaculture company Norcod, comprehensively delivering proof of concept for cod farming in Norway. Commercial harvesting of Norcods first batch of h