The National Privatization Fund (TAIPED) sources said that Greece's Court of Audit has approved the sale of a 67 percent in the Piraeus Port Authority (OLP) to Chinese Cosco, according to Kathimerini. Greek national news agency AMNA also reported…
Norway is seeking partner countries for future submarine project in order to reduce cost and secure a robust submarine capability for the future, reports UPI. The current Norwegian Ula-class submarines will gradually reach their end-of-life in the 2020s…
Indian shipping trade union the National Union of Seafarers of India (NUSI) has asked the Indian Ministry of Shipping for financial help toward the training of maritime workforce in oil exploration activities. The union’s General Secretary…
Two Indian sailors were killed in a fire on board a vessel off Yemen while three Indians injured in the fire have been admitted to a hospital in Oman, Indian External Affairs Minister Sushma Swaraj said. Sharing the tragic news on twitter…
Belgium became the latest country to ratify a key international measure for environmental protection, the Ballast Water Management (BWM) Convention, bringing the treaty within sight of meeting entry into force criteria. Aimed at preventing the…
Finance Ministry Arun Jaitley in Union Budget for financial 2016-17 (Apr-Mar) has announced imposition of 14% service tax on services provided by domestic shipping companies transporting goods from outside India. “The service tax on services…
The Hong Kong Shipping Register has crossed of 100 million gross tonnage, informed the Secretary for Transport and Housing, Professor Anthony Cheung Bing-leung. To Hong Kong, it’s more than a vote of confidence, Anthony said. Hong Kong’s maritime tradition is almost two centuries old…
The Opposition Leader Matthew Guy says that critical laws to maximise the value of the lease of the Port of Melbourne are set to finally pass the state parliament this week, reports The Age. The Coalition has used their numbers in the upper…
The Philippines said on Saturday it had seized a North Korean freighter that was covered by harsher United Nations' sanctions against Pyongyang over its nuclear programme.Manila will also deport the vessel's 21 North Korean crew and will await a U…
The U.S. Senate has unanimously passed bipartisan legislation to reauthorize the Pipeline and Hazardous Materials Safety Administration (PHMSA) through 2019, in addition to improving safety and oversight. The bill increases standards for pipeline workers operating near or in the Great Lakes…
Australian Minister for Defence, Senator the Hon Marise Payne, has officially opened Thomas Global System’s new Electronic and Embedded Systems Innovation Hub. Thomas Global Systems is one of the thousands of small-to-medium enterprises…
Today, the Panama Canal Authority (ACP) hosted an Open Forum, giving shipping line representatives and steamship agents the opportunity to discuss the Panama Canal’s services once the expanded waterway begins operations. The Forum, titled “Exchange…
The Australian Federal Police (AFP) will investigate the leak of classified documents about the timeframe for building Australia's new fleet of submarines. The Prime Minister Malcolm Turnbull ordered the investigation. A report in The…
Science minister Jo Johnson will today announce two major investments in science and engineering research totaling £204 million. Forty UK universities will share in £167 million that will support doctoral training over a two year period…
The United States and the Association of Southeast Asian Nations (Asean) are taking their relationship to a new level, thanks to heated tensions in the South China Sea. China, a key ally of North Korea, has said its committed to denuclearizing the Northth Korea…