MSC Invests in TRAXENS Container Monitoring
![Photo: MSC](https://images.marinelink.com/images/maritime/w100h1500/photo-msc-62129.jpg)
MSC Mediterranean Shipping Company has reached an agreement to back French start-up TRAXENS, a developer of cargo logistics solutions and creator of a container monitoring and coordination system. Founded in 2012 and already backed by CMA CGM, TRAXENS will now also receive capital investment from MSC, with both container shippers also represented on the Board of Directors. With a combined fleet of 4.5 million units…
ASEAN Breaks South China Sea Deadlock
Manila drops request to refer to court ruling in statement. Southeast Asian nations overcame days of deadlock on Monday when the Philippines dropped a request for…
Passenger Vessel Runs Aground off Hawaii
![Photo: U.S. Coast Guard](https://images.marinelink.com/images/maritime/w100h1500/photo-us-coast-guard-62128.jpg)
The 65-foot commercial passenger vessel Spirit of Kona ran aground on the island of Hawaii, Sunday, the U.S. Coast Guard reported. Coast Guard Sector Honolulu watchstanders received notification Sunday morning that the vessel ran aground on the rocks near the Kailua-Kona Lighthouse. The vessel reportedly broke free of its mooring in Kailua Bay as Tropical Storm Darby passed over the region early Sunday. No one was aboard the vessel at the time of the incident.
Baltic Index Falls on Weak Freight Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Monday due to weaker rates across all segments, except handysizes.
As Market Sours, LPG Tankers Anchor off Singapore
Record U.S. LPG exports to Asia flip market into a glut. Last year, liquefied petroleum gas (LPG) supplied to Asia was being snapped up by petrochemical makers. Now, after a flood of U.S.
China sets up South China Sea environment protection fund
China has set up a 15 million yuan ($2.25 million) environmental protection fund for the South China Sea having already spent double that in the past four years…
Piracy Drops to 21-year low - IMB
Piracy and armed robbery at sea has fallen to its lowest levels since 1995, despite a surge in kidnappings off West Africa, according to a new report from the International…
Los Angeles Pushes for Valero Terminal Improvements
The Port of Los Angeles has released an Initial Study/Notice of Preparation (IS/NOP) — the first step in the Environmental Impact Report (EIR) process — for a Marine…
Eni Cancels Vessel Deal with Viking Supply Ships
Viking Supply Ships A/S (VSS) has received an early termination notice of the contract for the Ice-class 1A AHTS “Njord Viking”. The vessel has been working for…
B&G Software Upgrade for Zeus2 and Vulcan Chartplotter
B&G, the world’s leading sailing navigation and instrument specialist has upgraded its latest software for the full range of Zeus2 and Vulcan chartplotters. The…
Navig8 Acquires Chemical Tanker from STX
Navig8 Chemical Tankers Inc (the “Company”) (N-OTC: CHEMS), an international shipping company focused on the transportation of chemicals, today announced that it…
Damen ASD Tug for Mexico
Damen congratulates Reylaver on the safe arrival and naming ceremony of the new ASD Tug 2411 Jesus. In order to reach her owners, the vessel undertook, on her own keel…
Hyundai Bags NZ Defence Order
Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, has won an order to build a 23,000 ton class logistics support vessel for New Zealand Defence Force’s…
Turkey’s Role for the Tanker Market
Even though the coup attempt in Turkey failed and the transportation situation normalized quickly thereafter, Poten & Partners take a look at the importance of Turkey to the tanker market.
China’s One Belt, One Road: Will it Reshape Global Trade?
The future of trade in Asia could depend heavily on what becomes of China’s expansive One Belt, One Road initiative, which calls for massive investment in and development…
N.Korea Builds New Submarine Base
North Korea is in the midst of building a new naval base on the east coast to accommodate submarines capable of firing submarine-launched ballistic missiles (SLBMs), says IHS Jane's Defence Weekly.
IOC Mulls Buying GSPC's Stake in Mundra Terminal
Indian Oil Corporation (IOC), the country's largest oil company, is in talks to buy debt-laden Gujarat State Petroleum Corp’s (GSPC) stake in the under-construction Rs.4…
GAIL, Gazprom Renegotiating LNG Deal
As weak demand in India forces it to stall some contracted supply, GAIL India Ltd (GAIL) is in talks with Russia's Gazprom to delay and renegotiate a 20-year gas…
Jakarta to Boost Security of Small Vessels
Jakarta will boost security of small vessels after hijackings 15 July, says a report in Protection Vessels International Ltd (PVI). Indonesia is currently discussing…
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