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Fairfax India spends $72m buying 41% stake in Seven Islands Shipping

Merchant Navy
Investment company Fairfax India has spent INR5bn ($72.1m) buying a 41.4% stake in India’s second largest tanker company, Seven Islands Shipping.

Seaspan presses ahead with $200m Swiber investment

Oil & Gas
Singapore offshore company Swiber Holdings has taken a significant step forward in its restructuring with the signing of an investment agreement

DNV GL confirms SHI’s INTELLIMAN Ship software complies with EU-MRV and IMO-DCS

Digitalization
Leading classification society DNV GL announced that SHI INTELLIMAN Ship software complies with the EU-MRV and IMO-DCS regulations

Port of Long Beach issues forecast for 2019

Ports
A slowing domestic economy will likely lead to a moderate uptick in container imports through 2019

Bibby WaveMaster Horizon launched and named at Damen Shipyards Galati

NewBuilds
Damen Shipyards Galati in Romania launched Bibby Marine Services’ second Service Operations Vessel (SOV) 9020

Australia grows environmental transparency for offshore projects

Oil & Gas
The Australian Government announced that the transparency will be increased, in support of all environmental plans for offshore oil and gas activities

Heavy Lift Ship Hits Barge at Ingalls Shipbuilding

Maritime Accidents
On Friday morning, a heavy lift ship allided with a test barge at Huntington Ingalls Industries' yard in Pascagoula, Mississippi

Technology may boost future oil supply

Digitalization
Wood Mackenzie stated that an oil supply gap is approaching. In case that oil demand peaks  at 110 million b/d in 2036

ClassNK launches its cyber security approach

Cyber Security
ClassNK launched its ClassNK Cyber Security Approach which focuses on a basic approach to ensure onboard cyber security for ships

Tallink Grupp Orders LNG Ferry

Passenger Fleet
Tallink Grupp, the largest passenger and cargo shipping company in the Baltic Sea region, and Finnish shipbuilding company Rauma Marine Constructions

CSSC initiates restructuring to pave way for CSIC merger

General
Chinese state-run shipbuilding conglomerate China State Shipbuilding Corporation (CSSC)’s listing platform, CSSC Holdings

Aker Energy submits plan for DWT/CTP block offshore Ghana

Subsea Technology
Aker Energy Ghana Ltd. and its partners have submitted an integrated plan of development and operations (PDO) for the Deepwater Tano/Cape Three Points
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