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CMA CGM Steps Up Iran Presence
France's CMA CGM, the world's third-largest container shipping group, will expand its presence in Iran after signing a landmark deal on Thursday with the Islamic…
Dutch Discussing Plan to Ferry Refugees Back to Turkey
Senior Dutch government officials are discussing a plan to ferry refugees arriving in Greece back to Turkey to stem the flow of migrants seeking refuge in Europe…
McQuilling Releases 2016-20 Tanker Outlook
McQuilling Services has announced the release of the 2016-2020 Tanker Market Outlook. This report is a five-year outlook for eight vessel classes across 18 benchmark…
Italy Navy Rescues 209 From Migrant Boats
Italy's navy rescued 290 migrants and recovered six bodies from the water near a half-sunken rubber boat on Thursday, the first sea deaths recorded on the North Africa to Italy route this year…
Peel Ports Secures WEC Lines Service for Liverpool
Dutch company WEC Lines is to begin weekly calls at the Port of Liverpool from February 10th, providing a new option for shippers looking to access central and northern UK markets. The brand new service will connect Liverpool with Lisbon, Setubal, Leixoes and Sines and vice versa, with other links to Ireland, Scotland, Morocco, Spain and the Canary Islands. WEC Lines said: “This is a major new development for us…
VLCC's Used for Asia-Europe Diesel Liftings
Total charters VLCC to move diesel from Asia to Europe; Vitol ships diesel from Asia to Europe in Suezmax. At least two companies are planning to ship diesel in…
Wartsila Projects 2016 Profit Growth
Finnish industrial engine maker Wartsila reported higher quarterly earnings on Wednesday and forecast improved margins this year, hoping growth in services would…
Happy Reunion with CMA CGM
CMA CGM is offering more Reunion Island services as it positions the French department to be its hub in the Indian Ocean. CMA CGM presented its new strengthened…
1,200+ Migrants Rescued off Libya
Italy's coast guard said on Tuesday it had coordinated the rescue of 1,271 migrants from rubber and wooden boats in several operations off the coast of Libya. Italy…
Concordia Maritime Signs Time Charter Contract for P-MAX Tanker
Concordia Maritime signed a contract to charter out another P-MAX tanker. The contract, which comes into effect at the beginning of February 2016, is for one year with an option for a further year.
Migrants Storm Port of Calais and Board British Ferry
Around 200 refugees managed to break into the port of Calais in northern France on Saturday after a demonstration of support for migrants living in a slum nearby ended…
Krishnapatnam Port now Fully Operational
The Hyderabad-based CVR group led Krishnapatnam Port Company addressed as the ‘cape hub’ of India becomes home for Capes once again as it resumes normal operations…
FRS Acquires Clipper, Plans North American Expansion
FRS has acquired a majority interest in Clipper. FRS is a global ferry and shipping group, currently operating 60 vessels in 12 countries, and carrier of more than 7 million passengers and 1.9 million vehicles last year on national and international ferry lines. Clipper, operator of Clipper Vacations, is a recognized company in the Pacific Northwest and Western Canada, offering unique regional travel experiences…
Tullow Launches Deepwater FPSO Despite Glut
Tullow not for sale but could be take-over target - COO. Amid one of the deepest oil price crashes in history, Britain's Tullow Oil is sending one of the world's…
Greece Receives $402 Mln Bid from Cosco for Piraeus Port
Greece said it received an improved bid of 368.5 million euros ($402 million) that China's Cosco Group submitted on Wednesday for a 67 percent stake in Piraeus Port, the country's biggest. The board of the country's privatisation agency (HRADF) met on Wednesday and evaluated Cosco's offer. Privatisations are a key element of an international bailout Greece obtained in 2015. "HRADF's board of directors…
Hit by Oil Price Drop, Algeria Turns to China for Funds
Algeria is turning to China to finance several infrastructure projects, including a new $3.2 billion port, as the North African OPEC member looks for ways to weather the collapse in global oil prices.
Cosco’s Offer for Piraeus Port Due
Cosco Pacific is expected to submit an improved bid for the controlling stake in Piraeus Port Authority (OLP) on Wednesday that is set to be discussed at the board…
NileDutch Launches US East Coast to West Africa Service
NileDutch, the container carrier specializing in West Africa, is setto introduce a new service to link the East Coast of the U.S. with West Africa and Europe. The rotation will start in New York and the service will run every nine days. The first vessel, the MV Cafer Dede will sail on February 16, 2016. According to the shipper, the new development aims to meet the growing demand from exporters in the East Coast of the U.S. for better access to their markets in West Africa.
Innovation Paving the Way for Marine Industry in 2016
From the price of oil to environmental regulation, 2015 was a year of turmoil and uncertainty for the marine sector. Despite this, there were some common global trends that will define 2016. In December 2015, world leaders met at the COP21 conference to discuss climate change. The event’s outcome marks a decisive move towards a low carbon future focused on achieving the agreed-upon world target of 1.5 degree climate change ceiling.
Greece to Evaluate Cosco Port Bid
China's Cosco sole bidder for the country's biggest port. Greece will evaluate on Wednesday an improved bid that China's Cosco is due to submit for a majority stake in Piraeus Port…
Maritime Piracy
Houthi Rockets Wreak Havoc on Middle East Container Shipping
Narco-Submarines: The Hidden Depths of Drug Trafficking
Drug Smuggling on Ships and Submarines: An Escalating Threat
Maersk revises profit forecast upwards due to robust demand and disruptions in the Red Sea.
Global Shipping Carriers Are Feeling the Impact of the War in Ukraine and the Middle East
Maritime Piracy in the Horn of Africa:
Houthis Declare All-Out War on Israeli Shipping, Vowing to Strike Beyond Red Sea
Injustice at Sea: Greek Court Drops Charges in Deadly Migrant Shipwreck
