The Port of Los Angeles and other participating Environmental Ship Index (ESI) incentive providers have expanded their rewards programs for vessel operators willing to go above and beyond regulatory standards to cut harmful emissions from ships…
Malaysia’s MISC Berhad (MISC), a world leading energy related maritime solutions and services provider has taken delivery of Seri Cempaka, the third in a series of five Moss-Type Seri-C Class Liquefied Natural Gas (LNG) carriers. The 150…
Canadian asset manager Brookfield Business Partners will buy 60 percent of Teekay Offshore Partners, a subsidiary of marine transportation provider Teekay Corp, for about $750 million, Reuters reported quoting company sources. Brookfield…
LNG shipper GasLog Partners acquired from GasLog 100% of the shares in the entity that owns and charters the GasLog Geneva on July 3, 2017. The GasLog Geneva is a 174,000 cubic meter (cbm) tri-fuel diesel electric (TFDE) LNG carrier built in 2016 and operated by GasLog since delivery…
The government of India is looking to privatize staterun Dredging Corporation of India (DCI). 'A proposal for disinvestment of Dredging Corporation of India Limited is under consideration of the Government of India,' a government press release…
Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Kamsarmax dry bulk vessels, the m/v Maia. The gross charter rate is US$10…
India Ports Global has signed a contract with Aria Banader of Iran to equip and operate two terminals at Chabahar - Shahid -Beheshti Port in Iran for transportation of goods and other purposes. 'As per Article 6 of the contract, effort…
The European Commission (EC) has adopted a proposal for a Directive which aims at improving the working conditions of seafarers on board EU-flagged vessels. The proposal transposes an agreement between social partners in the maritime transport sector into EU law…
Crowley Logistics' new U.S.-Cuba Express shipping service for approved donated goods from South Florida to Cuba features at least three sailings per month, fast 16-hour transits and delivery at destination.Individuals can ship non-commercial gift parcels that meet particular requirements…
Matson has announced that it will introduce a new direct U.S. flag service between Honolulu and the Republic of the Marshall Islands ('RMI') that will shorten cargo transit times to the RMI from the U.S. mainland by as many as eight days. The…
Hyundai Merchant Marine (HMM) requested the Korea Development Bank (KDB) to support with a total of 9.9 trillion won (US$8.9 billion) in funds until 2022 to grow into the 8th largest global shipping company in the future, Business Korea reported…
The Japan Bank for International Cooperation (JBIC) will provide a total of $28.3 million in syndicated loans with French bank BNP Paribas to help a major Danish shipping operator’s unit buy cargo vessels to be built by leading Japanese shipbuilder Imabari Shipbuilding…
Navios Group has launched Navios Containers, a vehicle dedicated to the container sector. Navios Containers has the right to acquire all containerships offered to the Group, said Angeliki Frangou, Chairman and Chief Executive Officer. Navios…
Egoscue named Vice President of Port's governing Board. The Long Beach Board of Harbor Commissioners elected Lou Anne Bynum as its new Board President and Tracy Egoscue as Vice President on Monday, July 24, in the annual selection of Board Officers…
Following a series of protests and subsequent legal challenges, the U.S. Transportation Command (TRANSCOM), a command of the U.S. Department of Defense (DOD), this week confirmed a large, multi-year contract award to Crowley Logistics, Inc.…