Diana Shipping, through a separate wholly-owned subsidiary, has entered into a time charter contract with EGPN Bulk Carrier, Hong Kong, for one of its Capesize dry bulk vessels, M/V Boston. The gross charter rate is $17,000 per day, minus a 5 percent commission paid to third parties…
India government-owned V O Chidambaranar Port Trust (VOCPT) in Chennai created a new record for single day handling of cargo yesterday, when it handled 36,526 Metric Tonnes of thermal coal at the berth NCB-I from the vessel MV. Asian Champion…
ZF Friedrichshafen AG chief executive officer Dr. Stefan Sommer has left the company after five years at the head.Finance Board Member and CEO Deputy Representative, Dr. Konstantin Sauer, will fill in as CEO on an interim basis.The news follows the company's recent appointment of Dr…
The U.S. Coast Guard said it is investigating how a containership broke free from its mooring in Boston on Wednesday morning. The Coast Guard, along with Massport Fire Department, Boston Police Department, Massachusetts State Police and port tugs responded to 1…
China's first 'smart' ship embedded with a domestically-developed intelligent navigation system made its debut in Shanghai, according to official media Xinhua. China Daily also reported that the world's first smart ship, developed and built by China State Shipbuilding Corporation (CSSC)…
Sembcorp Marine announced that its wholly-owned subsidiary Sembcorp Marine Rigs & Floaters has signed a Letter of Intent (LOI) with Shell Offshore for the construction of the hull and topside as well as the integration of the Vito floating production unit (FPU)…
Mitsui O.S.K. Lines announced that MOL, Tohoku Electric Power Co and Namura Shipbuilding have jointly earned an Approval in Principle (AIP) from Lloyd's Register for the design of an liquefied natural gas (LNG) powered coal carrier.The three…
Dalian Shipbuilding Industry Co. Ltd. (DSIC) has received Approval in Principle (AiP) certificates from classification society DNV GL for a new shuttle tanker and a column stabilized crane unit designs. The certificates were handed over at the Marintec China trade fair in Shanghai…
Climate change and the associated warming of the Arctic seas has opened up the Northern Sea Route as a possible alternative to more southerly trading routes between Europe and Asia Pacific, but it presents unique challenges to any ship using it…
Frequent weather delays hampered the iron ore trade on the Great Lakes in November, according to the Lake Carriers’ Association (LCA), who said shipments totaled 5.7 million tons, an increase of just 60,000 tons compared to a year ago. Loadings…
Having already invested nearly $400 million in dockside power hookups and other infrastructure to facilitate shore power in order to curtail at-berth air pollution from containerships, the Port of Long Beach and Port of Los Angeles are now soliciting…
Pyxis Tankers Inc. said it has entered into a definitive securities purchase agreement with a group of investors, which will result in gross proceeds to Pyxis Tankers of $4.8 million, before deducting placement offering expenses. The company will issue 2…
VT Halter Marine has launched the second of Crowley Maritime Corp.’s new Commitment Class ships, Taíno, one of the world’s first combination container/roll on-roll off (ConRo) vessels powered by liquefied natural gas (LNG). Taíno will now…
Chinese exports to Cuba have plunged this year in the latest sign of a worsening in the Communist-run island's financial situation, which began in 2015 with the economic crisis in its top trading partner Venezuela. Chinese exports to Cuba slumped 29…
Crowley Maritime Corporation announced it has restructured its business units as the company aims to increase its focus on government-related business and better align vessel operations and fuel distribution services.Over the coming months…