Van Oord has been awarded two project contracts to reinforce coastal defences in The Netherlands. The contracts involve a total sum of approximately Euros 48 million, with Van Oord’s activities accounting for around Euros 24 million. The first project involves sand replenishment along the coast in t
The Fincantieri Monfalcone shipyard launched a new P&O cruise ship for the Carnival Group on June 26. ‘Azura’ is a sistership of the ‘Ventura’ which was delivered last year at the same yard. ‘Azura’ will commence operations in the northern spring next year. Present at the launch ceremony were, on be
Danish shipping giant AP Møller-Maersk plans to diversify investments. Maersk CEO Nils Smedegaard Andersen told Denmark’s Berlingske Tidende newspaper that the company would turn away from shipping and focus on higher yield oil and terminals. Large scale investment in Maersk Line over the last 20 ye
Australia’s wild-caught prawns come from the best managed marine fisheries in the world, according to the Food and Agriculture Organisation (FAO) of the United Nations. In its report, A Global Study of Shrimp Fisheries, the FAO said Australia’s Northern Prawn Fishery (NPF) was a global model of fair
Neustadt-based cruise company Peter Deilmann Reederi has started insolvency procedures. The company, which operates both river cruises and ocean-going cruises, filed for insolvency at the Amtsgericht Lubeck court on June 25. River cruise operations will cease by December 2009. The company owns a fle
Four shipping industry companies and organisations have been honoured for their outstanding contributions to maritime safety. The third annual Safety at Sea International Awards were presented June 10 at a banquet in Oslo in recognition of excellence in programmes, products and services that encoura
Scottish ports group Forth Ports has said volumes at its part-owned Tilbury Container Services (TCS) picked up during the second quarter of 2009. In a trading update to investors ahead of its interim report, on 27 August, the group said TCS had shown improvements in the second quarter of the first h
Shipping company Grimaldi has become the sole owner of the Swedish port of Wallhamn after buying Eukor Car Carriers’ 50% stake. As part of the deal, Eukor Car Carriers has entered into a long-term agreement committing to use the port of Wallhamn for its services.
Deepsea shipping lines’ revenues dropped year-on-year by an average of 35% during the first quarter, according to analyst AXS Alphaliner. Research carried out by Alphaliner showed that the revenues of 11 carriers surveyed fell from US$22.4bn to $14.45bn. Of the 11 carriers, CSCL and Coscon were the
DP World has insisted it has the financial means to cover current and future capital requirements, despite the recent drop in throughput suffered across its global ports network. Trading was suspended in DP World’s shares on the Dubai Nasdaq in May after parent company, state-owned Dubai World, reve
The EC’s plan to develop its own cargo liability rules shows there is no industry-wide support for the proposed Rotterdam Rules, according to the European Shippers’ Council (ESC). ESC secretary general Nicolette van der Jagt said: “This just goes to show that a failure to reach consensus among diffe
LD Lines has threatened SeaFrance workers with legal action after they vowed to continue attempts to blockade the port of Boulogne in protest against the use of low-wage seafarers. SeaFrance workers tried to blockade Boulogne on 11 and 19 June, only to be thwarted by French riot police. SeaFrance wo
On 25 June, Western Shipyard in Klaipeda christened the WindLift1, which is being built by Bard Engineering GmbH. The 101.8 metre long and 36 metre wide jack-up vessel has a draft of 3.5 metres and can sail at a speed of 8 knots. She is being built for equipping and maintaining Bard Engineering’s wi
St. Petersburg’s court of arbitration has found that the ownership of Western Terminal, which is part of the Oslo Marine Group, was illegally transferred to Sevzapallians and that the deal is thus invalid. According to SeaNews.ru, Sevzapallians (North-Western alliance) is an offshore company registe
