U.S.-flag Great Lakes freighters (lakers) moved 9.7 million tons of cargo in June, a near mirror image of a year ago but 3.5 percent below the month’s five-year average, the Lake Carriers’ Association reported.Iron ore cargos for steel production totaled 4…
BP Shipping has taken delivery of British Partner, the first of a half dozen new 173,400 cubic meter capacity liquefied natural gas (LNG) carriers to be delivered through 2018 and 2019 from the DSME shipyard in South Korea.BP Shipping, which…
MPC Container Ships ASA announced Thursday it has agreed to pay $13.86 million to acquire a 1,740 TEU containership built in 2012 at Guangzhou Wenchong Shipyard, China.The Norwegian based ship owner expects to take delivery of the vessel – to be renamed AS Selina – during the third quarter of 2018…
The Port of Kiel invests in cargo handling, environmental technology and the traffic shift from road to rail. Dr. Thilo Rohlfs, state secretary of the ministry for economy, transport, labor, technology and tourism for the country of Schleswig-Holstein…
ZIM Integrated Shipping Services and the members of the 2M Alliance, Maersk Line and Mediterranean Shipping Company (MSC), announced a new strategic cooperation on the Asia – U.S. East Coast trade.At present, MSC and Maersk Line operate five loops and ZIM operates two loops on the trade…
Cruise Lines International Association (CLIA) said that Cindy D’Aoust, president and CEO, will be step down at the end of the year to focus on family priorities. D’Aoust will remain in her role until a successor is identified and will help oversee the transition of a new leader…
Russian natural gas producer Novatek delivered on Thursday the first ever liquefied natural gas (LNG) cargo to China via the Northern Sea Route (NSR) alongside the Arctic coast, which drastically cuts delivery time to Asian consumers.The shipments…
Japanese imports of liquefied natural gas (LNG) in June fell to the lowest in more than two years as the country's utilities switched on more nuclear reactors that had been shut in the wake of the Fukushima atomic disaster in 2011.Japan has…
Offshore marine services provider PACC Offshore Services Holdings Ltd. (POSH) has reaffirmed its working relationship with GAC Angola by renewing its ship agency contract for Soyo and Luanda and extending the agreement to include Cabinda.Under the deal…
Eagle Ocean Marine (EOM), the American Club’s fixed premium P&I and FD&D facility, renewed its reinsurance program for another 12 months from July 1 with the continuing support of its coventurers at Lloyd’s. .Eagle Ocean Agencies, Inc., the Manager of Eagle Ocean Marine…
The Port of Oakland has announced that it has embarked on a path to emissions-free cargo operations. The ambitious target is at the heart of a draft air quality improvement plan sent out for public review June 29. It calls for reducing criteria…
Hindustan Infralog (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), announced that the transaction to acquire 90% stake in Continental Warehousing Corporation (Nhava Seva) Ltd in India has now closed…
Thailand-based subsea and offshore drilling services company Mermaid Maritime Public Company announced that its Middle East business unit has been awarded a subsea services contract in a GCC country with an initial contract value of USD 16 million…
Large shipping losses have declined by 38 percent overall in the past decade, according to the Safety & Shipping Review 2018 by Allianz Global Corporate & Specialty (AGCS).Further, the number of total losses declined by 4 percent to 94 last year…
Taiwanese ocean shipping company Yang Ming Marine Transport Corp. (YM) will upgrade its China to Indonesia Service (CTI service).Four container vessels of nominal 4,250TEU will be deployed for the service effective on 7th August 2018.They will…