Maersk and IBM launch TradeLens blockchain shipping solution

AUGUST 9, 2018 — A.P. Moller – Maersk and IBM have moved ahead with their previously announced plan to establish a joint venture to provide more efficient and secure methods for conducting

VIDEO: Wilhelmsen drone project gets Singapore government funding

AUGUST 9, 2018 — Wilhelmsen Ships Service has been selected to help develop the future Unmanned Aircraft Systems (UAS) regulatory framework for Singapore and will receive dedicated funding for its shore-to-ship drone

MARAD awards $4.8 million in Marine Highway project grants

AUGUST 9, 2018 — Secretary of Transportation Elaine L. Chao yesterday announced the award of $4,872,000 in grants to six Marine Highway projects. The funding, provided by the Maritime Administration’s (MARAD) Marine

Damen to supply key components for Chilean polar vessel

AUGUST 8, 2018 – Chile’s ASMAR Talcahuano Shipyard has awarded Damen Marine Components a contract to supply steering gear, rudders and stern tube parts for a Chilean Navy antarctic research vessel. The

McQuilling releases 2018 mid-year tanker outlook update

AUGUST 8, 2018 – McQuilling Services has released its 2018 Mid-Year Tanker Market Outlook Update. McQuilling says that global oil demand is expected to grow 1.5% in 2018 to over 99 million

CSSC plans to expand its marine equipment service business

AUGUST 8, 2018 – China State Shipbuilding Corporation Limited (CSSC) says that rapid growth of its marine equipment service subsidiary, CSSC Marine Service Co.,Ltd, (CMS), has necessitated plans for service expansion. CMS

U.S. Merchant Marine Academy has a new strategic plan

AUGUST 8, 2018 – The United States Merchant Marine Academy (USMMA), Kings Point, NY, has issued its new strategic plan. After 18 months in the making, the plan provides guidance and direction

Navy officer pleads guilty to role in $2.7 million procurement scam

AUGUST 8, 2018 — The U.S. Attorney’s Office, Eastern District of Virginia, reports that naval officer Randolph M. Prince, 45, pleaded guilty Monday to a role in a $2.7 million procurement fraud

Nordic Capital sells Unifeeder Group to DP World

AUGUST 7, 2018 — Private equity investor Nordic Capital has signed an agreement to divest Aarhus, Denmark, headquartered short sea and feeder service specialist Unifeeder Group to DP World for EUR 660

Maersk lowers its expectations for 2018

AUGUST 7, 2018 — Based on the outlook for freight rates and facing continued high bunker prices, A.P. Møller – Mærsk A/S said today that it is revising its expectations for its

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