Baltic Index Rises on Freight Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, extended its rally on Thursday, driven by higher rates across all vessel types.
EU's Silence on South China Sea Ruling Highlights Inner Discord
European governments are torn over how to respond to China's defeat in a legal battle over the South China Sea, fearful of alienating their second-largest trading…
Hyundai Merchant Marine to Join 2M Alliance
South Korean shipper Hyundai Merchant Marine Co Ltd said on Thursday that it had signed a preliminary deal to join a 2M vessel-sharing alliance of Maersk Line and Mediterranean Shipping Co (MSC), the world's two largest container shippers. The deal with the "2M carriers," which would take effect in April 2017, would enable the South Korean firm to strengthen its service offering and achieve improved cost competitiveness, the company said in a statement.
China Protests Australia's Freedom of Navigation Comment
China said on Thursday it had issued a formal protest after Australia announced it would continue to exercise its right to freedom of navigation and overflight in…
Two more Cranes for APM Terminals Cotonou
APM Terminals Cotonou, operating as Coman SA at Benin’s primary port, adds two new cranes, the largest mobile cranes in the Benin port. Cotonou, Benin- Coman SA…
Hill Dickinson Strengthens Commodities Team
International law firm Hill Dickinson continues to strengthen its growing commodities team with the return of partner Andrew Buchmann. Following qualification in South Africa…
G E Shipping Acquires Bulk Carrier
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a Secondhand Capesize Dry Bulk Carrier “Jag Anand” (2011 built) of about 179,250 dwt. The…
Senior Appointments at IRClass
In a move to strengthen its senior management structure, The Indian Register of Shipping (IRClass) has made significant changes at its top level. As a part of its…
Volvo Penta’s IPS System a Boon to Ferries Operators
A new passenger ferry, Antares, has been launched from the Italian city of Naples and is the first boat of its kind in the region to be installed with Volvo Penta’s…
Harry Diamond Celebrates 21 Yrs at WQIS
Harry Diamond, Vice President and Chief Claims Officer at WQIS, is celebrating 21 years with the company this year. Diamond is a graduate of LaSalle University with…
Finalists of Wind Propulsion Innovations Awards
The International Windship Association (IWSA) has announced the shortlist, selected by shipping industry experts, for the inaugural Wind Propulsion Innovation Awards…
BOURBON to Pay Dividend for 2015
The Annual General Meeting of BOURBON shareholders held on May 26, 2016 approved the payment of the dividend for 2015 of €1.00 per share and that each shareholder…
Andhra Signs MoU with Russian Maritime Varsity
The Indian state of Andhra Pradesh (AP) Andhra Pradesh will soon have a world class maritime university. AP has signed a Memorandum of Understanding (MoU) with Russia's…
Hanjin Sells Vietnamese Terminal
South Korea's largest shipping line Hanjin Shipping has sold its entire 21.3% stake in Tan Cang Cai Mep International Terminal (TCIT) in Vietnam to its affiliate in order to secure liquidity.
Cybersecurity On Ships: New Guidelines
Companies are becoming increasingly alive to the importance of cyber-security and the need to protect themselves against the risk of cyber-attacks; the marine sector is no exception…
Ice algae: The Engine of Life in the Central Arctic Ocean
Algae that live in and under the sea ice play a much greater role for the Arctic food web than previously assumed. In a new study, biologists of the Alfred Wegener Institute…
CMA CGM to Upgrade its EURAF Services
In a continued effort to provide increased reliability and quality service in a challenging environment, CMA CGM Group is strengthening its coverage of Europe to…
High Speed Solid State S-band Delivered for US Ferry
A Solid State S-band radar with 8-ft antenna and high speed rotation – reportedly the world’s first and smallest – has been installed by JRC for the high speed car/passenger ferry Lake Express. The 192-ft USCG-inspected Subchapter catamaran travels at a service speed of 34-knots between Milwaukee, Wisc. and Muskegon, Mich. JRC said the dual X- and S-band radar installation offers Lake Express the features…
Elcome Scores Service Agreements in the Middle East
Marine technologies and system integrator Elcome International has signed fleet service agreements with two major ship operators in the Middle East, the company announced today.
Ardent and Ardentia Join Forces
Global maritime services firm, Ardent, and Ardentia Marine Group, a Spanish salvage, engineering and commercial diving company, have formally partnered for future operations following the signing of a cooperation agreement in June 2016. Ardentia has been the emergency response and underwater services provider for the Spanish Coast Guard since 2009, and has intervened in nearly 100 operations with marine casualty control, fuel and bunker removal, refloating and wreck removal.
