The festive season is here, so shoppers are out and looking to buy. However, when it comes to the bulk carrier sale and purchase market, business has been booming throughout 2016, says Clarkson Research Services. The depressed earnings…
In 2016, market conditions in most shipping sectors have been highly challenging, says a report by Clyde & Co, global law firm. The ClarkSea Index, an average of earnings for the main commercial vessel types, reached a record monthly low in August…
The Florida-Caribbean Cruise Association (FCCA) announced the appointment of the new FCCA Operations Committee Chairman, Carlos Torres de Navarra, vice president of strategic and commercial port development, Carnival Cruise Line, effective January 1…
Shipping confidence improved for the third successive quarter in the three months to end-November 2016, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. In November 2016…
A new long-term port master plan for the Port Authority of New York New Jersey (PANYNJ) is being developed by Hatch, for the development of the infrastructure hub’s 3,000-plus acres of cargo-related property, including all all PANYNJ port facilities…
Moody's downgraded A.P. Moller-Maersk's credit rating on Tuesday, piling pressure on the world's biggest container shipper as it juggles a major restructuring with a multi-billion dollar acquisition of a German rival. Moody's said the downgrade…
Wilhelmsen Ships Service announced that Michael Chen has accepted the role as General Manager for Wilhelmsen Huayang Ships Services China (WHSS). Based in Shanghai, Chen takes up the role immediately, replacing Captain Bi Yuping, who leaves the company after a decade…
Corporate governance has been a topical subject in the commercial world for many years. Now the association world is catching up. One that has seized it with enthusiasm is the International Marine Contractors Association (IMCA) with the result…
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 5.5 million tons in November, an increase of 13 percent compared to a year ago, Lake Carriers’ Association (LCA) reported. Shipments were also slightly ahead of the month’s five-year average…
KAWASAKI KISEN KAISHA, LTD. (“K” Line) has announced its new containership service of “China Saigon Indonesia Services (CSI)”. The service will have direct port coverage from China to Ho Chi Minh, Vietnam and Indonesia, ensuring faster transit times to Ho Chi Minh…
The body responsible for the offshore oil and gas industry’s voluntary pollution compensation scheme has announced two appointments to its executive team.The Offshore Pollution Liability Association Limited (OPOL) has appointed a new managing director…
This morning CMA announced that Mr. John D. “Jack” Noonan, CEO of Chembulk Tankers, has been named as the CMA Commodore for the year 2017. Noonan joins a presigious list of previous award winners, including Ole Skaarup, Jacob Stolt-Nielsen, George Livanos…
Conrad Shipyard’s Johnny Kinkle has retired in December after 51-years in shipbuilding. Kinkle went to work for Conrad on December 2, 1969, and for five decades his reply to any request was, “No problem, babe. Whatever the customer wants…
Royal HaskoningDHV appoints two new leaders at Corporate level for Finance & Control and Global HR Services: Jasper de Wit has been named Corporate Director Finance & Control per January 1, 2017, and Abhishek Kaushal has been appointed to lead Global HR Services per December 12…
Hongkong International Terminals Limited (HIT), COSCO-HIT Terminals (Hong Kong) Limited (CHT), and Asia Container Terminals Limited (ACT) have entered into a formal collaboration for the co-management and operation of 16 berths across Terminals 4…