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Moody’s: Maersk Ratings on Review for Downgrade

Denmark-based shipping and oil company A.P. Møller-Mærsk’s Baa1 issuer rating, Baa1 senior unsecured rating and the (P)Baa1 medium-term note (MTN) program rating were placed on review for downgrade, according to Moody’s...

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Australia to Build Cruise Terminal In Newcastle

New South Wales Government revealed plans to build a new multi-user cruise ship terminal in Newcastle to support cruise tourism in the Hunter region. The 3000-square metre facility will expand the cruise industry in...

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Pemex Works on Leveling Fire-Stricken Tanker Burgos

After the fire aboard the 40,263 dwt tanker Burgos was extinguished, the operator of the vessel, the Mexican state-owned petroleum company Mexican Petroleums (Pemex), launched the works on leveling the ship. The efforts in this...

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Rolls-Royce to Propel Five Cruise Ships

UK-based power systems provider Rolls-Royce has enter a deal to provide propulsion and deck machinery to five cruise ships being built by Italian shipbuilder Fincantieri at its Monfalcone and Ancona Shipyards. Under...

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