PSA, PFR and IFM investors partner to jointly acquire DCT Gdańsk

PSA International (PSA), the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund (GIF) managed by IFM Investors, have signed an Agreement, subject to formal approval by the relevant competition authorities, to jointly acquire 100% of the shares of DCT Gdańsk, the largest container terminal in Poland, from Macquarie Infrastructure and Real Assets (MIRA) […]

Andrew Raymond appointed as new CEO of Bolero International

Bolero International has announced that Andrew Raymond has been appointed as its new CEO. Mr Raymond joined Bolero in August 2017 as Global Sales Head and is now taking the CEO role with the mission to bring to market new and innovative client solutions which leverage the Bolero capabilities and address the current and emerging […]

Wärtsilä to design and equip state-of-the-art transport vessel for Aker BioMarine

The technology group Wärtsilä has been awarded the contract to design a state-of-the-art multipurpose transport vessel that will operate in Antarctic waters. Wärtsilä will also provide the vessel with a comprehensive package of integrated propulsion and hybrid solutions to ensure highly efficient and environmentally sustainable operations. The ship has been ordered by Norway-based Aker BioMarine […]

Wight at the forefront of environmental stewardship – Hybrid Explorer Vessel

UK shipbuilder Wight Shipyard Co is continuing to build on its solid reputation in the commercial ferry build sector by becoming involved with a new company set up to build the most capable and efficient explorer vessels available on the market. Arksen is developing, building and supporting semi-autonomous, hybrid explorer vessels, responsibly designed from the […]

Global alliance for low carbon shipping expands

The Panama Canal Authority and A.P. Moller – Maersk A/S are the latest entities to join the IMO-supported Global Industry Alliance to Support Low Carbon Shipping (GIA). The GIA now has 18 members, including leading shipowners and operators, classification societies, engine and technology builders and suppliers, big data providers, oil companies and ports. The new […]

North P&I Club retains S&P ‘A’ rating for 15th year

Ratings agency S&P Global Ratings (formerly Standard and Poor’s) has confirmed the North of England P&I Club’s ‘A’ financial strength rating and stable outlook for the 15th consecutive year. In reaching its decision, S&P Global Ratings noted that North P&I Club’s (NEPIA) capital adequacy remained above its ‘AAA’ requirements, as well as its leading position […]

Indian Register of Shipping (IRClass) wins five-year contract to provide Emergency Response Services for India’s largest shipping company

Indian Register of Shipping (IRClass) has secured a five-year contract from India’s largest shipping company, The Shipping Corporation of India (SCI) – to undertake Emergency Response Service (ERS) for 33 vessels. The classification society’s ERS is aimed at providing round-the-clock technical support by way of speedy assessment of the intact/damage stability as well as longitudinal […]