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Fitch :‘A’ Bond Rating, Stable Outlook for Port Canaveral

 Rating reflects positively on Port's operating history, flexible capital program and conservative debt structure Photo courtesy Canaveral Port Authority

Fitch Ratings affirmed today the 'A' rating on approximately $64.3 million of Canaveral Port Authority (CPA) port revenue bonds.  The Rating Outlook is Stable.  Today's announcement by the credit rating agency underscores Port Canaveral's market position as a leading cruise-focused port in the U.S.

$252m Finance for LNG-Powered Tankers

Gary Walsh is a partner in the firm’s Asset Finance Group. Photo WFW

 Watson Farley & Williams (“WFW”) has advised ING Bank (“ING”), as agent, security trustee and the syndicate of lenders on the US$252m financing of the world’s first ever LNG-powered aframax tankers for leading Russian shipowner Sovcomflot Group (“SCF”).   The six 114,000dwt, ice-class vessels are being built by Hyundai Samho,

Singapore Sets Out to Curb Ship Collisions

Image courtesy  Institute of High Performance Computing (IHPC)

Singapore is set to get new technology to help in preventing ship collisions.The Maritime and Port Authority of Singapore (MPA) said it has engaged the services of the Agency for Science, Technology and Research's Institute of High Performance Computing (IHPC), Singapore Management University (SMU)

Oil Plus bags $1.5 mi Middle East Deals

 Clarke Shepherd, global business development director at Oil Plus. Photo courtesy Oil Plus

Oil Plus has secured contracts worth more than $1.5m over the past three months and has significantly expanded its footprint in the Middle East. The company has also reported a strong start to the year with sales up by 285% compared to the last quarter of 2017. Due to the surge of new business, the Newbury-based company,

Kanban Kisen's Ship Management to expand inEurope

Union Marine Management Services Norway Branch office building Photo Kanban Kisen

Hiroshima head-quartered, Kanban Kisen Kaifu Co., Ltd. will strengthen its ship management business in Europe. The Norwegian branch of the overseas subsidiary Union Marine Management Services Pte. Ltd., will start business from 19th and will start ship management work from April 9th.   In Kanban Kisen,

Shipping Industry Confidence at Four-Year High

Greiner Richard (NS) Photo Moore Stephens LLP

Shipping confidence reached a four-year high in the three months to end-February 2018, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens.   The average confidence level expressed by respondents was up from 6.2 out of 10.0 in November 2017 to 6.

Asia-U.S. Trade to Grow 7%

Supply chain experts gather for annual ‘Pulse of the Ports’ in Long Beach. Photo Long Beach Port

The looming threat of a trade war could halt otherwise strong growth in the exchange of cargo between Asia and the United States, experts said Wednesday at the Port of Long Beach’s 14th annual “Pulse of the Ports Peak Season Forecast.”  About 500 people gathered at the Long Beach Convention Center for the event,

Marcura Names Bell Data Protection Officer

The Marcura Group, a Dubai-based group of companies focused on providing business solutions to the maritime industry, today announced the appointment of TenIntelligence Limited's Richard Bell as its external Data Protection Officer (DPO).   The appointment follows the recent hiring of Peter Meyer

ISWAN :Infographics for seafarers Psychological Wellbeing at Sea

Image by ISHWAN

ISWAN has produced four new infographics, in partnership with The Shipowners' Club, using extracts from its latest self-help guide for seafarers, Psychological Wellbeing at Sea.  Psychological wellbeing enables us to function well, feel good about ourselves, and feel a sense of purpose and life satisfaction.

IMO recommends Fleet Safety for GMDSS

Logo

Fleet Safety from Inmarsat, a new service incorporating FleetBroadband and a Maritime Safety Terminal (MST) has been recommended for Global Maritime Distress and Safety System (GMDSS) recognition, after its performance was subjected to intensive review by a group of International Maritime Organization-appointed experts.

Fitch: Profitable May be Tough for Container Shippers

Containers Photo RealPhotoItaly AdobeStock_35987595

Fitch Ratings-London-01 March 2018: Sustaining last year's improved profitability in 2018 may prove challenging for container shipping companies, Fitch Ratings says. The fact that some companies are likely to have remained loss-making in 2017 highlights the ongoing weakness in sector fundamentals due to persistent overcapacity,

Deltamarin Bags Ro-pax Design Contract

The Deltamarin design philosophy is about seeing the big picture, and making even the smallest details suit your operation.  Photo courtesy Deltamarin

 Deltamarin Ltd has signed a contract with Chinese Guangzhou Shipyard International Co, Ltd (GSI) for consultancy and engineering services for the DFDS ro-pax ferries. Deltamarin earlier carried out contract design of the ship concept for GSI in cooperation with the owner. Deltamarin will provide the

New Project Aims to Drive Investment in Fuel Efficient Technologies

© Cliff / Adobe Stock

The U.K.’s Energy Technologies Institute (ETI) has commissioned a £1.8 million ($2.5 million) project that aims to assist financiers to understand and quantify the benefits in investing in fuel efficient technologies for existing and future vessels.   The Vessel Technology Assessment System (VTAS) project,

Moore Stephens: Optimism to Outweigh Shipping Pessimism in 2018

© Shane Cotee / Adobe Stock photo

International accountant and shipping adviser Moore Stephens expects optimism to triumph over pessimism in the shipping industry during the next 12 months.   Writing in the latest issue of Bottom Line, the newsletter of the Moore Stephens shipping industry group, partner Richard Greiner says, “According to a recent study,

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