IMTRA Debuts AcXent LED Linear Lighting System
IMTRA announced today the release of the AcXent LED Linear Lighting System. AcXent is a linear LED solution that provides customized overhead and accent lighting…
Risk Profile of Hull Market Improving - IUMI
IUMI – the International Union of Marine Insurance – at its annual conference in Berlin yesterday announced that global hull premiums for 2014 totalled USD 7.6bn, a 5.8% reduction from 2013.
Global Maritime Files for Bankruptcy
Dry-bulk shipper Global Maritime Investments Cyprus Ltd. filed for chapter 11 bankruptcy protection New York Tuesday in order to liquidate its business due to a continued industry downturn…
Cyber Safety Tops the List for Shipping
ABS Chairman, President and CEO Christopher J Wiernicki has set out his priorities as incoming IACS chairman, emphasizing the unique role the organization plays…
China Exim Bank Backs Seaspan
Seaspan Corporation has lined-up a $1bn worth of export credit facilities with the Export-Import Bank of China (CEXIM). Seaspan has signed a Framework Cooperation…
Sanmar Built Vessel Join Svitzer’s Fleet
Sanmar Shipyard Tuzla has built M/T Svitzer Amstel (BoÄźaçay XII) will join Svitzer’s fleet at the Port of Amsterdam, The Netherlands. The vessel measures 24.4m x…
Dry bulk Trend is Weak
Even though the trend is negative, by about 10% in the last two weeks, the supramax average 6 TC routes still seems to be overpriced compared to what is being fixed…
China Merchants, China COSCO Buy Turkey Terminal
China Merchants Holdings (International) Co. Ltd. along with Cosco Pacific Ltd., a unit of China Investment Corp. and Euro-Asia Oceangate will pay US$919.9 million…
Samsung Companies Consider Merger Again
South Korean shipbuilder Samsung Heavy Industries Co will try again to merge with sister company Samsung Engineering Co Ltd later this year, reports Korea Times.
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