OCTOBER 30, 2013 —Cargotec's MacGregor subsidiary has entered into an agreement to acquire Aker Solutions' mooring and loading systems unit for an enterprise value of approximately EUR 180 million. The unit, known by the Pusnes brand name, provides mooring equipment, loading and offloading systems as well as a wide range of deck machinery for the global offshore and shipping markets. Cargotec says the acquisition, which follows the earlier announced acquisition of Hatlapa, is highly complemen...

American Roll-on Roll-off Carrier has expanded its Atlantic Service with the addition of a fifth ro-ro vessel, the Freedom, expanding its regular ports of call to include Galveston, Texas, and Veracruz, Mexico. The Atlantic liner service will henceforth consist of five vessels on a 10-day frequency with a 50-day roundtrip duration. Regular port calls in the region will include Baltimore; Charleston, S.C.; Brunswick, Ga.; Galveston; Veracruz; Antwerp, Belgium; Bremerhaven, Germany; S...

Shanghai Offshore Petroleum Bureau, Sinopec has taken delivery of the FA XIAN6, a Rolls-Royce designed seismic research vessel which will identify oil and gas reserves around the world.   FA XIAN6, a Rolls-RoyceUT 830 CD design, is the first of its type to be built in China. It is equipped with a package of Rolls-Royce power and propulsion systems as well as advanced automated handling systems for deploying the seismic equipment.   Built by Shanghai Shipyard Co., FA XIAN6 has bee...

In late September the International Maritime Organisation (IMO) celebrated World Maritime Day in London by hosting a Symposium on a “Sustainable Maritime Transportation System”. The initiative of IMO Secretary-General, Koji Sekimizu, with the aim for "the shipping industry to take the lead in the United Nations’ campaign towards achieving sustainable development," the symposium centred around a detailed proposal submitted by IMO titled the “Sustainable Maritime Transportation System” (SMTS)...