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CMA CGM Adopts Liquefied Natural Gas For Biggest Ships

Chennai: Port Wings News Network: On the occasion of the COP23 in Bonn (Germany), the CMA CGM Group, a world leader in maritime transport, has announced its decision to equip its nine future ships of 22,000 TEUs (Twenty-foot Equivalent Unit), delivered in 2020, with engines using liquefied natural gas. With …

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Paradip Celebrates Port Day

Paradip: Port Wings News Network: The Port Day was observed on the auspicious day of Kartik Purnima by the Paradip Port Trust authorities on 4 November as being celebrated every year. On this occasion, Mr Rinkesh Roy, Chairman, Paradip Port Trust, attended the function as chief guest and unfurled the …

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Govt. Updates Guidelines on Shipbuilding Financial Assistance Policy

New Delhi: Port Wings News Network: To promote Government of India’s ambitious ‘Make in India’ programme and to encourage domestic shipbuilding by providing a level playing field vis-a-vis foreign shipyards, the Government had approved the Shipbuilding Financial Assistance Policy for Indian Shipyards in December 2015. This policy provides Rs. 4000 …

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Schulte Marine Concept Wins First Cruise Ship Newbuilding Contract

Chennai: Port Wings News Network: Schulte Marine Concept (S.M.C), the project management arm of leading international maritime services company Bernhard Schulte Shipmanagement (BSM), working together with Bernhard Schulte Cruise Services (BS Cruise), has won its first cruise ship contract with Portugal-based Mystic Cruises. According to a media statement, Schulte Marine …

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Hapag-Lloyd Successfully Completes Capital Increase

Chennai: Port Wings News Network: Hapag-Lloyd has successfully completed the capital increase with subscription rights agreed upon on 28 September 2017. By partially utilizing the authorized capital, the gross issue proceeds amount to approximately EUR 352 million (approx. USD 414 million). 96.5 percent of the existing shareholders exercised their subscription …

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