Japan’s Emperor Akihito and Empress Michiko paid a visit to the NYK Maritime Museum in Yokohama on July 17, 2017, a national holiday known as Marine Day.Yasumi Kudo, NYK Chairman and Tadashi Abe, director of NYK Maritime Museum greeted the Imperial couple and Hakuei Wakiya…
China's government controlled China State Shipbuilding Corp (CSSC) is going beyond building navy vessels and making advanced scientific research ships, Xinhua reported. CSSC has been focussing on defence sector till now. It was the largest supplier of surface combatants to the Chinese Navy…
Golden Ocean Group (GOGL) says that it has taken delivery of one dry bulk vessel, Q Deb. 'GOGL announced that it has entered into agreements to acquire 16 modern dry bulk vessels in an all-share transaction where the Company will issue in aggregate 17…
APL has announced its highest recorded fleet carbon dioxide emissions reduction of 48 percent in 2016, compared to its base level in 2009. Verified by Lloyd’s Register Group according to the Clean Cargo Working Group (CCWG) verification protocol and ISO14064-3:2006 standard…
The United States on Monday outlined its priorities for renegotiating the NAFTA trade agreement and said it would focus on ensuring better access for U.S. goods exported to Canada and Mexico in order to reduce the U.S. trade deficit. In…
The Port of Los Angeles reports it has closed its 12-month fiscal year with total cargo volumes of 9.2 million twenty-foot units (TEUs), a new annual record for most container throughput for a Western Hemisphere port. Volumes increased 8.1 percent in June compared to the same period last year…
Trade, federal preemption and states’ rights have been the subject of debate, legal cases and jurisdictional battles for more than 200 years. During my time in the Coast Guard and serving as Captain of the Port, Puget Sound, we dealt with a…
French oil and gas company Total said on Monday that crude exports from its Djeno terminal in Congo Republic was ongoing and unaffected following a strike last week and the sinking of a loading buoy in an unrelated accident. Traders said…
The healthy international trade and cost cutting measures augurs well for Japan's to three marine shippers - Nippon Yusen, Mitsui O.S.K. Lines and Kawasaki Kisen Kaisha - reported Nikkei. The report said that the three companies are expected to post a group pretax profit for April-June…
With a slew of contracts to be signed soon South Korean shipyards are expected to clinch a decent number of new orders during the second half of the year, Yonhap reported quoting industry sources. Hyundai Heavy Industries (HHI) and its affiliates have secured a series of fresh contracts…
With the aim to dominate maritime industry China has been acquiring overseas ports with huge investments which crossed USD 20 bln last year, Financial Times reported. Beijing has spent billions expanding its ports network to secure sea lanes and establish itself as a maritime power…
Qatar will maintain its dominance over the global liquefied natural gas market despite increased supply from Australia and the United States, the weekly report by Qatar National Bank (QNB) said. A report in The Penisula quoting QNB said that Qatar currently accounts for 30…
The Greek shipping community is confident that Greece can be a maritime center in near term, said a research report. A study -‘repositioning Greece as a global maritime capital' - conducted by Ernest & Young in cooperation with Aegean University professor Thanos Pallis said that Greece…
Solstad Farstad, which claimed to be the world’s largest OSV firm, has sold a relatively new AHTS vessel Far Shogun, since its formation last month following the mega-merger of three leading OSV companies in Norway. The 2010-built, 23,664…
The Space Flight Laboratory (SFL) announced the successful launch of two Norwegian microsatellites developed and built by SFL for the Norwegian Space Centre with support from the Norwegian Coastal Authority, Space Norway and the European Space Agency…