Denmark-based energy giant successfully issued green hybrid capital securities for €600m ($660m) to refinance existing securities issued in 2015.The latest issue will have a maturity in 3019 and first call option after eight years, the Danish energy company said…
French container shipping giant CMA CGM plans to sell selected port terminals, ships and other assets to raise roughly $2 billion to finance its acquisition of CEVA Logistics, according to Reuters.Chinese state-owned conglomerate China Merchants…
A regional workshop organized by International Maritime Organization (IMO) has provided senior maritime administration officials in Latin America with the latest information on current and future developments at the Organization.The workshop for the regional maritime authorities networks…
The prestigious International Maritime Prize for 2018 has been presented to Joseph J. Angelo, a former United States Coast Guard (USCG) and International Association of Independent Tanker Owners (INTERTANKO) senior executive who participated…
The Trump administration assured U.S. banks on Wednesday that they can temporarily process U.S. dollar transactions on Chinese shipping companies it had previously sanctioned for allegedly transporting oil from Iran, in a move meant to blunt the impact of the sanctions on global shipping markets…
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched up on Wednesday, helped by stronger demand across all vessel segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels…
BoatUS Manager of Government Affairs David Kennedy was elected chairman of the Atlantic Intracoastal Waterway Association (AIWA). Kennedy, who will serve a one-year term, previously served as the organization’s vice-chair and board secretary…
The prestigious International Maritime Prize for 2018 has been presented to Mr. Joseph J. Angelo. Angelo, a former United States Coast Guard (USCG) and International Association of Independent Tanker Owners (INTERTANKO) senior executive who…
Simpson Spence Young (SSY) is partnering with Gothenburg based tech company Marine Benchmark.This new partnership will enhance and strengthen SSY's client offering, as Marine Benchmark will bring a competitive advantage by providing expertise…
Survitec introduces a lifejacket range that has a minimum 150 Newton buoyancy.The re-engineering of its existing Premier lifejacket range to increase buoyancy and comfort follows a growing trend across the cruise ship sector to increase lifejacket capacity on board…
Freight rates down from multi-year highs as the market fundamentals make themselves felt.The fundamental balance in the market has worsened in 2019 with supply growth outstripping demand, and BIMCO expects that this will continue into 2020.Demand drivers and freight ratesAfter peaking in September…
Shipments of limestone on the Great Lakes totaled 3.8 million tons in October, an increase of 11.4 percent compared to a year ago. Limestone cargos also bettered the month’s 5-year average by 8.5 percent.Loadings from U.S. quarries totaled 3…
Atlantic Container Line (ACL), a Grimaldi Group Company, has agreed a new 15-year contract extension for container and roll-on/roll-off operations at the Port of Liverpool until 2035. Peel Ports Group is making a significant investment at RSCT to accommodate ACL’s new fleet of G4 vessels…
Marine Jet Power (MJP) has appointed Michael Rickey as President and Regional Director of Marine Jet Power, Inc. effective as of December, 2. Rickey will be responsible for business development in the Americas region, where the company holds a corporate office in Blacklick…
National Bank (NBG) has signed deals to sell a 262 million euro ($288.78 million) portfolio of shipping loans to investment funds as part of its effort to reduce its load of soured credit, Greece's second-largest lender said on Wednesday.The…
