The Russia's top shipping company Sovcomflot initial public offering (IPO) is expected in Q3 2016, part from the privatization program by the government. An IPO for Sovcomflot could take place later this year. The current fleet of Sovcomflot numbers 142 vessels with total deadweight of 12…
On February 3, United Nations (UN) Secretary-General Ban Ki-moon visited the headquarters of the International Maritime Organization (IMO), the United Nations specialized agency with responsibility for ship safety, maritime security and prevention of pollution from ships…
From March 1, the Australian Maritime Safety Authority (AMSA) will adopt the Large Yacht Code for super yachts and training vessels of 24 metres or more in length in a first for the Australian yachting community.Marine Order 52 will change…
Underscoring that India and Brunei have equal stakes in the security and prosperity of a 'shared Asian neighbourhood', both countries held discussion on Chinese territorial claims in the South China Sea which has the potential to affect free maritime traffic in Southeast Asia…
A Brazilian judge sentenced the former head of state-run oil company Petrobras' international division to 12 years and two months in jail for corruption and money laundering on Monday, part of the country's largest-ever graft investigation. Federal…
The Chinese Ministry of Transport has announced that from April 1, 2016, vessels ‘at berth’ at the core ports in the Yangtze River Delta (YRD) emission control area (ECA) must use fuel oil containing 0.5 percent sulphur or less. These core ports are Shanghai…
For the first time after the end of the trade sanctions, Iran will be represented by a national pavilion at international maritime trade fair SMM Hamburg. “An industry fair is a great platform for building new relationships and getting to know each other…
The Paris climate agreement’s target of limiting global warming well below 2°C will be impossible without measures to curb shipping’s greenhouse gas emissions, MEPs told industry representatives last week. Including shipping CO2 in the…
A U.S. Navy guided-missile destroyer sailed within 12 nautical miles of an island claimed by China in the South China Sea on Saturday, in an operation the Pentagon said was designed to challenge efforts to restrict freedom of navigation.Pentagon…
A general strike in Greece has been extended by another 48 hours and is affecting the routes of domestic and local ferries and commercial vessels calling at Piraeus, Aspropyrgos, Eleusis, Pachi and Megara ports for cargo discharging, announced Inchcape Shipping Services (ISS)…
Pilbara Ports Authority has commenced evacuating the inner and outer anchorages at the Port of Port Hedland, as a tropical low, 315km from Port Hedland, continues to track toward the Pilbara coast in a southerly direction at six knots. The…
VerticaLive, the parent company of MarineCFO, has announced that long time trusted advisor, Jimmy Treuting, has accepted the position of CEO effective January 1, 2016. Jimmy has been a pioneer and entrepreneur in the technology industry for more than 25 years…
The American Maritime Partnership (AMP), the voice of the domestic maritime industry, today released a statement in response to the sheer number of factual errors in the recent report published by the Alliance for Innovation and Infrastructure’s (Aii) – Jones Act: Protectionism v…
The Indian government’s has been going all out to put the growth of the Indian maritime Industry on a fast track by opening up a host of opportunities, offering goodies and putting in place new facilities. Setting the tone for his keynote address…
The U.S. Coast Guard will conduct a public Marine Board of Investigation hearing into the loss of the United States-flagged steam ship EL FARO, and its 33 crewmembers. The first hearing session will focus on the pre-accident historical events relating to the loss…