PROJECT CARGO JOURNAL – WEEK 40

 
Project carriers face increased competition from ro/ro companies
The project cargo industry faces increased competition from car carriers as the sector struggles with slow growth rates and political uncertainty in the car business. Companies like Wallenius Wilhelmsen are working hard to expand their presence in the breakbulk and…
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INTERVIEW: “We’ve realized fuel savings up to 800 litres a day”
Econowind has signed the first commercial contract to install its Ventifoil wind-assisted propulsion system aboard a 3,600 dwt general cargo vessel called Ankie. The expected fuel savings for this unit can reach a 1,000 litres per day, CEO Frank Nieuwenhuis…
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Japan to invest an additional USD 10 billion in global LNG infrastructure
Japan will invest an extra USD 10 billion on liquefied natural gas projects worldwide to boost the LNG market and reinforce the security of energy supply, the minister of Economy, Trade and Industry (METI) said on Thursday. With the move,…
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Port of Ostend buys REBO terminal from DEME, PMV and Artes-Group
The Belgian Port of Ostend has announced its largest investment of the past 10 years. It will buy all the shares of the Renewable Energy Base Ostend (REBO) from DEME, PMV and Artes-Group in order to stimulate further growth. The…
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Three crew members found dead in Bourbon Rhode sinkingRescue teams have recovered the bodies of three missing crew members, who died following the sinking of tug supply vessel Bourbon Rhode. Eight of the 14 seafarers are still missing. The bodies of the missing seafarers were located by the…
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Company News
AAL moves giant pressure vessel
Chad Call steps up as CFO of Zeamarine
BIMCO creates first standardized decommissioning contract
BIMCO CEO Angus Frew to step down
NYK conducts world’s first Maritime Autonomous Surface Ships trial

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