MacGregor signs Letter of Intent on strategic cooperation with CSSC

Manjula

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MacGregor and China State Shipbuilding Corporation (CSSC) have signed a Letter of Intent (LOI) on strategic cooperation. The LOI was signed on 29 October, 2018 at an executive level meeting in Beijing led by Lei Fanpei, the CSSC Chairman and Michel van Roozendaal, MacGregor President. MacGregor sees that this cooperation will further strengthen its presence
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MacGregor, part of Cargotec, and China State Shipbuilding Corporation (CSSC) have signed a Letter of Intent (LOI) on a strategic cooperation. The LOI, which was signed on October 29, 2018 in Beijing, relates to MacGregor’s planned acquisition of the marine and offshore businesses of TTS Group and future cooperation potential between the two groups. The cooperation would
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A group of armed pirates attacked an LPG tanker carrying out bunkering operations on October 29, around 101 nautical miles West of Pointe Noire, the Republic of the Congo.  IMB Piracy Reporting Centre said that pirates in a speed boat chased and fired upon the LPG tanker causing the ship to trigger emergency bunker stop procedure
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Qatar Navigation (Milaha) ended the first nine months of 2018 with a profit increase of more than 10 percent.  The company’s net profit rose to QAR 400 million (around USD 109.9 million) during the nine-month period ended September 30, 2018, from QAR 363 million (USD 99.7 million) seen in the same period a year earlier.
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A shipping container exploded on Tuesday evening, October 30, at the Evergreen Terminal, located under the Vincent Thomas Bridge, in the Los Angeles Harbor in the U.S. state of California. “The Evergreen Terminal has been evacuated. All other terminals remain open. The explosion is believed to be an industrial accident,” the U.S. Coast Guard said. As informed,
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In 1997, the International Maritime Organisation (“IMO”) adopted Annex VI to the International Convention for Prevention of Pollution from Ships (“MARPOL Convention”) in order to tackle the air pollution caused by shipping. On 1 July 2010, a revised Annex VI was entered into force and set stricter requirements seeking to control ships’ airborne emissions. The
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Over the past few days, there has been a resurgence of tanker ordering activity. In its latest weekly note, shipbroker Allied Shipbroking said that it was “a fairly interesting week overall for the newbuilding market, given the firm flow of fresh orders coming to light the past couple of days. Despite how bizarre it may
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China’s latest report on economic growth fell short of expectations, but for those who monitor traffic on the global water highways, the news was not a surprise. In fact, freight and shipping data over the last several months have been pointing to such a slowdown. An investor can get an idea of a country’s economic
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Beijing has released the third batch of oil products export quotas, totalling 2.93 million mt, which will allow the five Chinese state-run oil companies to boost exports modestly from the low levels recorded in September. The new allocation comprises quotas of 740,000 mt for gasoline, 590,000 mt for gasoil and 1.6 million mt for jet
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The bulk sector is navigating its way out of the doldrums but market correction has come at a price, delegates attending Bulk Terminals 2018 learned last week. Speaking in Hamburg at the annual conference of the Association of Bulk Terminal Operators, Frachtcontor Director Frank Grone said that while the bulk segment is slowly but steadily
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