Swedish tanker owner Concordia Maritime has chartered in two more MR (ECO) vessels, while also extending the contracts for two of the currently chartered MR (ECO) vessels by a further year. A contract to charter out the P-MAX tanker Stena Performance has also been signed…
U.S. based owner of Handymax dry bulk vessels Eagle Bulk Shipping has announced that it has taken delivery of its newly acquired vessel, the M/V New London Eagle, a 2015-built CROWN-63 Ultramax. The acquisition has been funded by cash on-hand and new debt of USD 8…
Chabahar Port was very important for both India and Iran, and offered a win-win situation to both countries, Indian Minister of Shipping Nitin Gadkari said. A government press release said that Gadkari held bilateral talks with Dr Abbas Akhoundi…
Greece-based Tsakos Energy Navigation (TEN) has announced that it has sold for $65.2 million gross, through a five-year sale and leaseback transaction, the 2005-built Suezmax tankers Eurochampion 2004 and Euronike. The sale proceeds have been used to reduce debt and add $16…
A German-flagged container ship Hansa Meersburg ran into a crane while berthing at Keelung Port, Taiwan resulting in the damage of containers and port infrastructure, CNA reported. The 2007-built freighter, operated by German-based Leonhardt…
Bahri Dry Bulk, a business unit of global transportation and logistics leader Bahri, has announced that it has secured a Sharia-compliant funding of SAR 360 million (USD 96mln) from Bank Albilad, one of the fast-growing banks in Saudi Arabia…
Portland Port says its 2018 cruise season is going to be another record breaker, with the greatest number of cruise calls and passengers to date. Overall the U.K. port is expecting to handle 32 cruise ships bringing nearly 39,000 passengers into Portland…
The Saudi-led coalition fighting in Yemen said on Wednesday it had thwarted an attack on a Saudi oil tanker over the weekend by Houthi fighters near the Red Sea port of Hodeidah. The coalition destroyed a boat carrying explosives as it headed towards the tanker on Saturday…
Giant iron ore port may close as Australian storm builds. Vessels may be cleared from Australia's Port Hedland, the world's biggest iron ore export terminal, as early as Thursday as a safety precaution because of a tropical storm, port manager Pilbara Ports Authority said on Wednesday…
Taiwan's global shipping company Wan Hai Lines has announced the launch of China – India Service III “CI3 service” on 23 January 2018. This new service will help to expand Wan Hai Lines network by providing direct service from East China to East India…
Four Japanese companies will invest in a new company established by compatriot Modec with an aim to provide a floating, production, storage and offloading (FPSO) unit for the Petrobras-operated Sepia field offshore Brazil. 'MODEC, Mitsui…
French multinational banking and financial services company Societe Generale (Socgen) has joined SEA\LNG, the industry coalition promoting the use of liquefied natural gas (LNG) as a marine fuel. The bank is the first financial institution to join SEA\LNG…
The Shipowners' Club has revelead details about Mayflower Autonomous Ship project (MAS), which is an innovative new venture to design, build and sail the world’s first fully autonomous vessel across the Atlantic Ocean. The project’s name…
UK Prime Minister Theresa May reshuffled the cabinet replacing John Hayes as the shipping minister with Jo Johnson. UK Prime Minister on Twitter said: 'Jo Johnson MP becomes Minister of State at the Department for Transport and Minister for London…
The Brazilian terminal DP World Santos will now be run by the new CEO Dallas Hampton, , an Australian executive with degrees in Business Administration, Logistics and Occupational Safety and with vast experience in the ports and logistics sectors…