Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced today that it has agreed to acquire two 2009-built 4,250 TEU container vessels for an aggregate purchase price of $19.75 million. The vessels are…
The first Sustainability Congress was held on Tuesday 10 October with the launch of the fourth Sustainability Report which fully incorporates the 17 Sustainability Development Goals of the United Nations. On this occasion the Port of Antwerp…
Global Ship Lease (GSL), a containership charter owner, announced that it has agreed to a new time charter with CMA CGM for an 8,063 TEU containership, the 2005-built OOCL Tianjin, which will be renamed GSL Tianjin. The vessel will be…
A ground breaking event took place in Alexandria, Egypt (15-19 October) when 30 women from nine Arab countries officially launched The Arab Association for Women in the Maritime Sector (AWIMA). The new network joins the International Maritime…
CMA CGM Group has announced the launch of Mtwara Express in complement to the six current direct East Africa services. The new service, to commence November 1, will serve the upcoming cashew season in Tanzania and meet rising demand, CMA CGM said in a statement…
BP said it will take delivery of six new, state-of-the-art liquefied natural gas (LNG) tankers in 2018 and 2019 to support its expanding global LNG portfolio. BP’s finance partners KMarin and ICBC Leasing are investing more than $1 billion in the tankers…
For years mechanical container spreader frames have been a fixture on jobsites, river ports and any other location that utilizes ISO shipping containers. While container lifting frames are well worth their size and weight in operational cost savings…
Since Hurricane Maria made landfall in Puerto Rico on September 19, TOTE Maritime’s vessels have brought cargo to the island nine times delivering more than 7,200 containers of food, water, oxygen, generators and other essential relief and recovery items…
Odfjell Terminals B.V. has entered into an agreement with a fund managed by Macquarie Infrastructure and Real Assets to sell its 50 percent ownership in Oiltanking Odfjell Terminal Singapore Pte Ltd for a price around $300 million. This implies…
Subsea 7 S.A. has announced an agreement to acquire the remaining 50% shareholdings in its equity accounted joint ventures, Normand Oceanic AS and Normand Oceanic Chartering AS, from Solstad Farstad ASA for a nominal cash consideration. Effective from the date of the transaction…
The number of containers handled in the port of Rotterdam continues to grow. In the first nine months of 2017, the throughput of containers increased by 10.1 percent compared to the corresponding period in 2016, to a total of 10.2 million units (TEU)…
Hartmann Group, the independent family-owned shipping company, announces the recapitalisation of an 11-strong fleet of Anchor Handling Tug Supply (AHTS) vessels through a partnership with, and long-term investment from, Breakwater Capital and Hayfin Capital Management…
Reinforcing its three-decade-long presence in North America, transportation and logistics firm Bahri took part in Breakbulk Americas, being held from October 17-19, in Houston. The Bahri booth at Breakbulk Americas was opened by Mr. Sultan bin Abdullah Al-Angari…
Global piracy continues to be a concern in the Gulf of Guinea, Southeast Asia and Venezuela, according to statistics released yesterday by the International Chamber of Commerce’s International Maritime Bureau (IMB). In the first nine months of 2017…
The captain of a Dutch cargo ship that ran aground at Rathlin Island has been fined £1,000 ($1,300) at Armagh Magistrates' Court after pleading guilty to failing to keep a proper look out. Ship’s captain Aleksandr Iakovtsov of the MV Ruyter pleaded guilty to charges brought by the U…