Damen Inks MOU with Pearlson Shiplift Corporation
The Damen Shipyards Group and Pearlson Shiplift Corporation have signed a Memorandum of Understanding (MOU) for close cooperation between the two companies in the design and execution of shiplift projects around the world. The collaboration is set to bring benefits to the clients of both companies in the optimization of the design and realization of shipyard facilities. Taking account of the expertise…
Drewry Launches e-Sourcing Solution
Drewry, an independent research and consulting firm to the shipping sector, has launched a new e-Sourcing solution for global ocean transport exporters and importers.
Asia Tankers-VLCC Rates Slide
VLCC rates fall $10,000 in a week on dearth of cargo; demand fundamentals still appear favourable - Teekay CEO. Freight rates in Asian trades for very large crude…
Oil Set for Weekly Rise on Gasoline Demand
Traders shut short positions ahead of Brent expiry. Crude oil prices reversed early losses on Friday, with Brent on track for its first weekly gain in a month, as strong U.S.
Baltic Exchange Mulls Sale
Baltic says holding discussions with several parties. The Baltic Exchange confirmed on Friday it had received a number of "exploratory approaches" after the Singapore…
Australian Icebreaker Refloated in Antarctica
Australian icebreaker Aurora Australis was refloated on Friday, two days after running aground in Antarctica while on a mission to resupply the Mawson Station, Australian Broadcasting Corp reported.
China Adopts Deep Sea Exploration Law
China on Friday adopted a new law on deep sea exploration, state media said, the country's latest move to cement its status as a seagoing power. President Xi Jinping…
Dorian Delivers Caravelle Sells Grendon
Dorian LPG Ltd. reported today that it took delivery of the ECO VLGC Caravelle from Hyundai Samho Heavy Industries. The Caravelle is Dorian LPG's 19th and final scheduled newbuilding delivery.
Liverpool Industry Inspires GenNex Mariners
Major global independent common carrier, X-Press Feeders and Bibby Ship Management have put training at the forefront of their investment into the next generation of highly trained and capable crew…
Carteret County Declared Coast Guard Community
The Coast Guard declared Carteret County an official Coast Guard Community Thursday during a ceremony at Crystal Coast Civic Center in Morehead City. Rear Adm. Stephen Metruck…
Kalmar's hackathon "CargoHack" in Finland
Kalmar, part of Cargotec, will organise its first hackathon "CargoHack", at its Technology and Competence Centre in Tampere, Finland on 8-10 April 2016. The event…
MOL to Open New Business units
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Juinchiro Ikeda) today announced plans to establish two new business units — the Dry Bulk Business Unit and the…
Bahri Buys 5 Tankers for $166 Mln
The National Shipping Company of Saudi Arabia (Bahri) announces that The National Chemical Carriers (subsidiary 80% owned by Bahri) signed on Wednesday 24th February…
Cyprus Picks Consortiums to Run Limassol Port
Cyprus has announced the names of successful bidders who will undertake three sectors of operations at the eastern Mediterranean island's primary port of Limassol.
CMA CGM Modifies its Midas and Swahili Services
CMA CGM has announced the strengthening of its current MIDAS service by cooperating with PIL under a new Vessel Sharing Agreement. A fleet of 11 vessels of 3,500 TEU nominal capacity will be deployed…
Bronka to be Gateway to Moscow
Bronka Container Terminal is the biggest in the Baltic Sea, and has already accepted a call from CMA CGM, and is due another from the French liner in March of this year.
Seadrill’s Posts Strong Q4 Results
Rig company Seadrill, once the crown jewel in the business empire of shipping tycoon John Fredriksen, said the final quarter of 2015 was the year’s strongest in operational terms…
Hapag-Lloyd Enhanced West Africa Express Service
Hapag-Lloyd will restructure and further enhance the dedicated West Africa Service Network, the company said in its press release. Effective mid of March 2016, existing…
China's Warships to Join US-Hosted Naval Drills
China has confirmed it will send warships to join a major US-hosted naval drill this summer, even as tension between the world’s two largest economies mounts over the South China Sea, reports Reuters.
Malta Flag Reaches Record Tonnage in 2015
Transport Malta, the Authority responsible for the Malta Ship Register, through its Merchant Shipping Directorate, reports a strong and positive performance for 2015.
