Northern Sea Freight Traffic Volumes Surge
In 2015, the volume of freight traffic along the Northern Sea Route has increased by 1.2 million tons and amounted to 5.1 million tonnes. This was at a meeting of…
Statoil, Repsol Transactions in Priority Areas
Statoil and Repsol announce transactions in Norway, UK, US and Brazil. These transactions increase the number of Statoil’s operatorships in priority areas, providing…
Wärtsilä' Inert Gas Solution for LNG Carriers
Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea has contracted Wärtsilä to supply combined inert gas generators and gas combustion units for 17…
MANSA Seeks Berthing at Mumbai Port
In order to reduce congestion and lower the transaction cost, Mumbai and Nhava Ship-Agents Association (MANSA) have sought berthing facilities at the Offshore Container…
Record Freight Handled by Antwerp Port
The port of Antwerp is set to achieve a freight volume of more than 200 million tonnes for the first time ever in 2015. When it comes to containers Antwerp is performing…
Nichols Brothers to Build Cruise Vessels
Nichols Brothers Boat Builders (Nichols Boats), located in Freeland, Washington, recently signed an agreement with Lindblad Expeditions Holdings, Inc. to build two new 100 guest ships.
UK's Teesport Hikes Tariffs
PD Ports initiated a series of voluntary consultative discussions with the ICS (North East Branch) and the Tees and Hartlepool Port Users Association (THPUA). Following…
Korean Shipbuilders May Fail to Achieve Targets
South Korea's big three shipbuilders - Hyundai Heavy Industries Co., Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. - may miss this…
Cosco, China Shipping Merger Gets Green Signal from Beijing
China State Council has given the go-ahead for country's two largest shipping conglomerates to merge, continuing a trend in the industry to trim down state-owned enterprises, reports Caixin Media.
CMA CGM Vice-Chairman on NOL Takeover
CMA CGM vice-chairman Rodolphe Saade said that his company was the first ones to initiate the discussions with NOL and Temasek and it made sense to them, that is…
Global Ship Lease Announces Sale of Remaining 4,113 TEU Vessel
Global Ship Lease, Inc has completed the sale of its 1997-built, 4,113 TEU containership, Ville d'Orion, following redelivery from its previous charter. The vessel was sold for $328.25 per ldt…
Russian-Indian Indra Drills On
India and Russia has began their bilateral naval exercise, Indra Navy, which is aimed at increasing interoperability between the two Navies and developing common…
Idling Container Fleet Continues to Surge
Carriers are intensifying their capacity-withdrawal activity, with November seeing a big rise in the number of idle containerships, says Drewry Maritime Research.
Excluding Shipping Emissions from COP Deal Makes 2°C Limit Close to Impossible
The dropping of international aviation and shipping emissions from the draft Paris climate agreement published this afternoon has fatally undermined the prospects of keeping global warming below 2°C…
Ambitious Countries Must Push for Shipping in Climate Deal
Countries calling for an ambitious agreement at the Paris climate summit must insist that language on aviation and shipping emissions be reinserted or the prospects…
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