Swedish Club Reports 'Healthy Growth'
The Swedish Club reported a solid operating result to its board today, continuing a record of building on steady growth. 2014 was seen as a stable year, where the underwriting result outperformed the financial performance and the insurance products across the board returned a staunch to high surplus. Renewals were in line with that market environment showing a modest increase in both tonnage and new members.
Plans in Place to Test Intermodal River Transport
The Paducah-McCracken County Riverport Authority and Ingram Barge Company has announced plans to assess the viability of Intermodal River Transportation, utilizing the largest flat-top crane in North America owned by the Paducah Riverport Authority and Ingram’s towboats and barges. The Paducah Riverport Authority owns the 200-ton, Linden Comansa, the largest flat-top tower crane in North America, with a lift capacity of 53 tons up to 100 feet from the tower, and a boom that stretches 250 feet.
K-Line Executive Pleads Guilty to Price Fixing
An executive of Japan-based Kawasaki Kisen Kaisha Ltd. (K-Line) was sentenced to 18 months in a U.S. prison after pleading guilty to his involvement in a conspiracy to fix prices…
CSIC, CSSC Dismiss Shipbuilder Merger Rumors
China's state-backed shipbuilding giants said they have not received any merger-related information from authorities, after an executive swap between the firms sparked a market rally in their shares.
Russia Names Nominee for IMO Secretary General
The Russian Federation has nominated Vitaly Klyuev, Russia’s Deputy Director of the Department of State Policy for Maritime and River Transport, as a candidate for the post of Secretary General of the International Maritime Organization (IMO), marking the first time ever that a candidate from Russia will compete for the IMO SG's post. Russia has been a member state of the IMO since the organization’s inception.
Asia-Europe Box Rates Fall Almost 6 pct
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 5.5 percent to $586 per 20-foot container (TEU) in the week ended on Friday…
Statoil: Polarled Pipe-Laying Kicks Off
On 26 March, the Solitaire pipe-laying vessel started on the first stage of the Polarled installation project. The 482-kilometre long pipeline will transport gas…
Cosco Bulk Shipping Losses Down in 2014
China Cosco said losses in its main dry bulk shipping business fell sharply in 2014 and its container shipping gross profit grew amid a still subdued global shipping market.
Steady Growth Reported by the Swedish Club
The Swedish Club reported a solid operating result to its board today, continuing a record of building on steady growth. 2014 was seen as a stable year, where the…
MOL’s Coal Carrier for Tokyo Electric Power
Mitsui O.S.K. Lines, Ltd. today announced that the coal carrier Hakutaka, which will serve Tokyo Electric Power Company, Inc. was delivered at Mizushima Shipyard…
Swire Pacific Offshore Acquires 2 Newbuildings
Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming of two new vessels, Pacific Centurion, an Anchor Handling Tug Supply (AHTS) vessel…
Helios LPG Pool to Start Operating
Dorian LPG Ltd. today announced the commencement of operations of Helios LPG Pool LLC on April 1st, 2015. Helios LPG is jointly run by Dorian LPG and Phoenix Tankers Pte.
Changes in Aker Solutions' Top Deck
Tore Sjursen will assume the position as executive vice president for operational improvement and risk management at Aker Solutions on April 1. Knut Sandvik will…
APM Terminals Mumbai Welcomes China Shipping
APM Terminals Mumbai welcomed China Shipping Container Line’s HS Paris on March 20th, on her maiden call as part of the Middle East-Indian Subcontinent-North America (MINA) Service…
Holland America Line Ships Score 100
On recent routine United States Public Health inspections (USPHI) conducted by the U.S. Centers for Disease Control and Prevention, Holland America Line’s ms Statendam…
Princess Astrid visits DP World
Antwerp Gateway, managed by DP World (one of the largest container terminal operators in the world) is a significant contributor to the success of the Port of Antwerp.
Qatar Hikes Container Storage & Clearance Charges
Changes to sea port charges have been implemented in Qatar, as per the decision of the country's Council of Ministers. 20' containers (clear in approx. - Time starts…
Indonesia Partners with China on Maritime
Indonesian President Joko “Jokowi” Widodo and Chinese President Xi Jinping pledged increased maritime cooperation during the formers visit to China. According to the statement…
Yachting Malta PPP Sets Sail
Yatching Malta Ltd (YML) - a new public private partnership (PPP) between the government and the Royal Malta Yacht Club (RMYC) was formed with the aim of putting Malta on "the global yachting map".
China Strengthens Maritime Ties with Pak
The Vice Chairman of China's Central Military Commission General Fan Changlong has pledged to deepen maritime security and military technology cooperation during…