MacGregor signs Letter of Intent on strategic cooperation with CSSC

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
Complete Reading

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
Complete Reading

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
Complete Reading

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
Complete Reading

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
Complete Reading

Global Ship Lease, Inc., a containership charter owner, announced its unaudited results for the three months and nine months ended September 30, 2018. Third Quarter and Year To Date Highlights – Reported operating revenue of $35.9 million for the third quarter 2018. Revenue for the nine months ended September 30, 2018 was $107.0 million –
Complete Reading

SEOUL: HMM HQ employees gathered in the Seoul office on October 26, to hear CEO C.K. Yoo’s presentation on HMM’s blueprint for the year 2022. Mr. Yoo presented HMM’s target of building up its capacity to 100 million TEUs and posting US$10 billion in annual revenue by 2022. HMM recently ordered twelve 23,000 TEU and
Complete Reading

MARSEILLE: CMA CGM has informed latest update of its WAX 3 and MIDAS 1 services serving respectively the Asia > Nigeria route and India Subcontinent Middle East Gulf > Nigeria route. The statement of the company says in order to continue delivering the premium quality service in Nigeria with high reliability and service continuity you
Complete Reading

It’s about more than maritime. Harald Solberg, CEO of the Norwegian Shipping Association, sees a world of opportunity from his office overlooking Oslo. Here he talks markets, innovation, ocean developments, and even rubbish. Norway, he believes, has a leading role to play. Harald Solberg is 42, but looks younger. Hearing him outline a career that
Complete Reading

Two key developments were the adoption of the ban from 1 March 2020 on carriage of non-compliant fuel and the compromise reached on collecting data from the world fleet on fuel oil non-availability and quality without any delay in the implementation of the 2020 sulphur rules. “We are overall very satisfied with the outcome of
Complete Reading

Create Account



Log In Your Account