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Damen delivers 19 vessels for Russian gas project

Damen has officially delivered on-time a complete 19-vessel order to AAS Amur Assets Shipping Limited, a joint venture set up by Combi Lift GmbH to support its role in the construction of the Amur Gas Processing Plant “Gazprom” 150 km from Russia’s border with China. The order is comprised of

Development In Project Logistics Finance

Most non-banking organisations who are trusted with customer funds often use escrow accounts in order to manage those funds. In recent months some Banks have developed alternatives based on block chain technology and with great results. So, what does this mean for the project logistics industry? With these new type of

Shipping Is Too Inefficiency And Needs Overhaul

Zeaborn is very serious when it says "mean and lean". There is enough of fat that can be cut off to save on costs. Stylish Head Offices, just to mention one. "We can deliver ship management spending half the money," the management tells ShippingWatch. Shipping has suffered from inefficiency over the

Mammoet to invests in Teesside for UK growth

Mammoet has delivered a major vote of confidence in the Teesside economy by unveiling its new £7m facility. Dutch multi-national Mammoet is moving into a 30,000sq ft base on Teesside Estate and is forecasting growth of 50% in coming years. The six-acre plant in Thornaby will be the new home for more than 180

Europe Inland Waterways Vessel Market to exceed $115bn by 2024

Europe Inland Waterways Vessel Market size was worth over USD 55.85 billion in 2016 and is estimated to reach USD 115 billion by 2024 at over 9% CAGR from 2017 to 2024. Increasing marine passenger traffic and goods transportation will drive the Europe inland waterways vessel market share during the forecast period.

Economic Growth Around The World Is Supporting Logistics

The International Monetary Fund (IMF) has published its World Economic Outlook for January 2018 and has subsequently revised its original forecast for global growth in 2018 and 2019 - up by 0.2 to 3.9% for both years. The development in global growth is driven by a higher growth from advanced economies

Zeaborn Logistics takes over ER Schiffahrt and Harper Petersen

Zeaborn Logistics has acquired Erck Rickmer’s ship management and ship brokerage activities. However, the sale won’t see Erck Rickmers Group depart the maritime sector. Subject to approval by antitrust authorities, the purchase takes retrospective effect from 1 January but no price was made public. In acquiring the ER Schiffahrt and Harper Petersen & Co

Return Of Projects In The Oil & Gas Industry

It's been a tough three years for the oil and gas industry, which has been wracked by lower oil prices, a raft of bankruptcies and a lack of investor confidence. Stocks of oil and gas explorers and producers, oil and gas equipment and services providers, like the heavy lift & project freight industry and