Hyundai Merchant Marine Gets $420 Mln to Add 5 VLCCs
South Korea’s leading sea carrier Hyundai Merchant Marine Co. (HMM) has signed a financial contract with Korea Shipping and Maritime Transportation to build five 300…
COSCO Shipping Ports More than Doubled Profit in 2017
Hong Kong-based port operator COSCO Shipping Ports said that it 2017 profits have more than doubled from a year earlier, partly due to a one-off disposal gain and higher operating profits.
Djibouti Provides Port Security Training
Ports provide the critical interface between the ship and the shore. For maritime trade to flow effectively, this vital infrastructure needs to be secure – and this involves people at all levels.
Yang Ming Back to Profitability in 2017
Taiwanese ocean shipping company Yang Ming Marine Transport Corporation said that its consolidated revenues of 2017 totaled NTD 131.08 billion (USD 4.4 billion)…
Navios Maritime Acquisition Corporation Sells VLCC for $44.5 Mln
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that it has agreed to sell the Nave Galactic, a 2009-built VLCC of 297…
African Ports to Reduce Stowaway Incidents
How to cut the numbers of stowaways in African ports was the subject of a regional International Maritime Organization (IMO) seminar in Yaoundé, Cameroon this week (20-22 March).
Theodore Roosevelt Carrier Strike Group Returns to 7th Fleet
The Theodore Roosevelt Carrier Strike Group (TRCSG), led by Carrier Strike Group (CSG) 9, returned to the U.S. 7th Fleet area of operations (AOO) as part of its regularly scheduled deployment.
Post-Panamax Ro/Ro Makes First US Voyage
A new class of post-Panamax (PPX) vessel made its first visit to Port Canaveral, marking the second time this year a vehicle carrier megaship of this size has called on the port. Launched in 2017, the MV Donington PPX roll-on/roll-off (Ro/Ro) vessel arrived at Port Canaveral as part of its inaugural U.S. itinerary. With its 125-foot beam and capacity to transport over 7,400 vehicles, the Donington is Hoegh Autoliners’ largest Post-Panamax vessel to call on the port.
Photo of the Week
A feeling of endless expanse at the view from the bow of Cap San Antonio at the entrance to the open sea. Herbert Boettcher took this photo for Hamburg Süd when he travelled on the container ship Cap San Antonio from Europe to South America and back to Hamburg. Boettcher started with his worldwide long time project Seamotion in 2004. Boettcher is a German professional photographer working worldwide for shipping companies to create photos of merchant ships with his unique visual language.
Baltic Index Rises to One-week High
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, edged up to hit a one-week high on Monday as capesizes rates rose. The overall index, which factors in rates for capesize, panamax and supramax vessels, closed up four points, or 0.36 percent, at 1,126 points, its highest since March 19. The index had marked its first gain in 10 sessions on Friday. The capesize index gained 40 points, or 3.46 percent, to finish at 1,197 points.
Greek Shipping Tycoon Denies Drug Trafficking Charges
Greek shipping tycoon and the owner of Olympiakos Piraeus and Nottingham Forest soccer teams, Vangelis Marinakis, denied any links to drug trafficking on Saturday, a day after a Greek prosecutor brought preliminary charges against him. The prosecutor charged Marinakis with financing and storing drug substances and setting up a criminal group to traffic and sell drugs, a judiciary source said. The 50…
Coldharbour Going after Japanese Type Approval
Ballast water treatment systems manufacturer Coldharbour Marine said it has engaged Japanese classification society ClassNK to assist in the process of obtaining Japanese type approval from the Ministry of Land, Infrastructure, Transport and Tourism. The approval is a requirement for all foreign companies in the marine sector seeking to sell their products to customers in Japan. The type approval process…
Samsung’s Smart Ship Solution Obtains ABS Cyber Approval
U.S. based classification society ABS said it has granted a Certificate of CyberSafety Compliance for South Korean shipbuilder Samsung Heavy Industries’ (SHI) Smart Ship Solution demonstrating adherence to the ABS Guide for Cybersecurity Implementation for the Marine and Offshore Industries and ISO 27000 series, IT Security Control Code of Practice. SHI’s Smart Ship Solution aims to improve vessel…
Interview: Angus Frew, Secretary General, BIMCO
BIMCO’s Secretary General & CEO Angus Frew spent some time with Maritime Reporter & Engineering News to discuss the burning topics of the day in maritime … environmental regulation, digitalization & cyber security, and reducing the administrative burden on the ship’s master. We left no stone unturned for the man who recently had his contract extended to the end of 2022 to remain at the helm of the world’s largest international shipping association.
Chinese Shipbuilding Giant CSSC Appoints New Chairman
China State Shipbuilding Corp (CSSC) said on Monday Lei Fanpei would become the Chinese state shipbuilder's new chairman, replacing the incumbent Dong Qiang. Lei…
Jeffboat Announces Plant Closure
Jeffboat announced this morning the pending closure of its shipyard operations in Jeffersonville, Indiana. Following recent Worker Adjustment and Retraining Notification…
Trafigura to Install Scrubbers on its New Tankers
Commodities trader Trafigura will install scrubbers on its fleet of newbuild tankers to comply with new regulations from 2020 that will slash sulphur levels that ships are allowed to burn…
APL's Direct Service to Chu Lai
APL announced that APL Chu Lai, a 1,200-TEU vessel, has made her maiden direct call at the Chu Lai Tam Hiep Port on 24 March. This officially commences APL’s new…
ICS: Compromise Needed on CO2 strategy
Ahead of critical meetings at the UN International Maritime Organization (IMO) which commence on 3 April, the International Chamber of Shipping (ICS) says that…
Wärtsilä VOC Recovery for AET Tankers
Wärtsilä will supply its Volatile Organic Compounds (VOC) recovery technology, LNG fuel gas handling systems and the auxiliary engines for two new shuttle tankers…
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