News 2011 November 29

Damen unit secures contract for two SRSVs from Groen

Damen wins contract for Twin Axesfor offshore wind farm maintenance

Besiktas Shipyard launches 5th tanker of Project RST22M Mugan for Palmali

Sinopacific hosts keel laying ceremony for two CROWN 63 Supramax bulk carriers

Maersk Line merges ICON service with daily Asia-europe network

Hyundai Heavy introduces HiBallast system

Drydocks World $2.2b debt restructuring deal faces risks

Kuwait sea transport secures 90 pct of transport of commercial goods

China and neighbouring states to patrol Mekong River

Kuehne + Nagel adopts IAS Dispatch for North American inland container transport operations

Cargotec wins a large contract for Siwertell ship unloaders from Morocco

Penguin International commences lawsuit against Wartsila

IMO re-elects Denmark for another two years in Council

Hong Kong container throughput up 8.1% to 2.07mln TEU in October

Mermaid Maritime posts full year loss of $5.16m

Emirates Shipping Line to impose surcharge

Pelindo II plans 500% fee hike for container storage

USC, MMK in agreement for strategic cooperation

Estonia to build two gas terminals in Sillamae

Arkticheskaya jack-up rig docks at Murmansk

Zim mulls restructuring to get out of financial difficulties

Kvichak secures order for two pilot boats

Wuhan to spend $8.33bn on port development over five years

Russia’s Bulava missile launch delayed until 2012

Norwind places order for innovative DP vessel design with Ulstein

Crude futures price up to $109 in London, in New York - up to $98,21