Finland's New Icebreaker Polaris Named in Helsinki
A naming ceremony was held today for Finland’s new-generation icebreaker, Polaris, built at Arctech Helsinki Shipyard. Presently under construction at Helsinki Shipyard…
Alphatron, Exmar Ink Maintenance Contract
Alphatron Marine has signed a full service maintenance contract with EXMAR Shipmanagement covering six gas carriers to ensure optimized operation and reduce daily running costs for the next five years. The gas carriers are fitted mainly with JRC equipment, which Alphatron Marine has many years of experience of installing and supporting, along with other navigation and communication equipment onboard.
Asia-N.Europe Box Rates Up 156 pct
Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 156 percent to $703 per 20-foot container (TEU) in the week ended on Friday…
Baltic Index Falls Again
The Baltic Exchange's main sea freight index tracking rates for ships carrying dry bulk commodities fell on Friday reflecting low vessel demand across nearly all vessel sizes.
China Okays Cosco, China Shipping Merger
China's State Council has approved a merger of the country's two biggest shipping conglomerates, China Ocean Shipping (Group) Company (COSCO) and China Shipping Group Co…
Port of Hull Opens Multi-purpose Warehouse
Investment of more than £4 million in a purpose-built facility for the storage of dry bulk cargoes has given Associated British Ports’ (ABP) Port of Hull a pioneering…
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…
