CMA Offers Concessions to get EU Approval for NOL Deal
French container shipping group CMA CGM has offered concessions in a bid to win European Union antitrust approval for its $2.4 billion takeover of Singaporean rival Neptune Orient Lines.
Maersk's Svitzer Establishes Montreal Harbour Towage
Denmark's Svitzer, the world's biggest tugboat operator, said on Monday it has established a harbour towage service in the Port of Montreal providing shipdocking, escort and ice-breaking services.
Two Additions to Maersk Tankers Fleet
At a naming ceremony in South Korea Friday the 8th of April 2016, Maersk Tankers christened two more newbuilds at Sungdong Shipyard in Tongyong, South Korea; Maersk Teesport and Maersk Tianjing.
ABB to Power Norwegian Hybrid Car Ferry
ABB will supply the power system for a hybrid car ferry serving a passenger route in Norway. The vessel will run as a hybrid but can be modified to run as a full…
Maersk Krishnapatnam Service from April 17th
Maersk starts its Krishnapatnam Service from April 17th and Kattupalli on April 19th, 2016. Both these calls are strategic and are aimed at supporting the growth…
GE Shipping Buys VLGC
The Great Eastern Shipping Company Ltd. (G E Shipping) has contracted to buy a Secondhand Very Large Gas Carrier (1996 built) of about 76,931 cbm. The Japan-built…
New ABS Guide for Reducing PSC Detentions
New mobile-friendly, interactive format makes it easy to define and address Port State Control compliance concerns to reduce detentions. (Houston) ABS, a leading…
Largest UASC Ship Calls at Khorfakkan Terminal
United Arab Shipping Company (UASC), a leading container shipping line and emerging global carrier, and Gulftainer, the world’s largest privately-owned, independent port operator based in the UAE…
SAAM to Invest $140 mln
SAAM, multinational company that provides port, towage and logistics services in 15 countries in Latin America, held this morning a Shareholders’ Meeting, where…
Mixed Prospects for Container Shipping
The latest Container Shipping Forecaster from Maritime Strategies International (MSI) makes a more optimistic forecast on the demand side. Though its supply-side…
Cargo Traffic at India's State-run Ports Records growth
India’s major ports controlled by the union government recorded a 4.3% year-over-year increase in container throughput in fiscal year ended March 31, 2016, says a report in the Times of India.
China's Acquisition of Piraeus Port a Booster for Greek Economy?
Greece has formally signed an agreement to sell a 67% stake in the Port of Piraeus to Chinese shipping company China Cosco Holding Co. Under the deal, COSCO, the…
CIMC Plans $928 Million Share Sale
The world’s biggest maker of shipping containers China International Marine Containers Group Co. (CIMC) plans to raise 6 billion yuan ($928 million) selling shares…
US, Japan Keen to Raise South China Sea at G-7
South China Sea warning looms over G7 summit. The United States is keen to raise the issue of South China Sea at a Group of Seven foreign ministers (G-7) meeting in Hiroshima.
Veresen, Itochu in Jordan Cove LNG deal
Veresen, the developer of the Jordan Cove LNG facility in Oregon, has announced a preliminary agreement on key commercial terms with Itochu, including the purchase…
Saudi, Egypt Draw up Maritime Borders
Saudi Arabia and Egypt have signed agreements to specify maritime borders, a cabinet statement said on Saturday, allowing both countries to benefit from maritime zones that were previously untapped.
New Flag for NATO Research Vessel
The larger of CMRE’s ships is now operated by an Italian military crew under an Italian Navy Flag. On 9 April 2016, at the Italian Naval Base in La Spezia (Italy)…
GTT Participates in LNG18, Perth
GTT (Gaztransport & Technigaz) engineering company specialized in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied…
Secretary Foxx Designates 3 Marine Highway Projects
U.S. Transportation Secretary Anthony Foxx has designated three new Marine Highway Projects. The Mississippi River, previously designated as the M-55, will serve…
VT Halter Launches Tug for Bouchard
VT Halter Marine, Inc. (VT Halter Marine), a company of Vision Technologies Systems, Inc. (VT Systems), announces the launch of the M/V Frederick E. Bouchard, at…
