Work is underway at Virginia International Gateway (VIG) on a $320 million expansion project that will nearly double the terminal’s annual cargo handling capability. The project is the first of two large-scale expansion projects that, when complete…
In January 2017, following the completion of the sale of the MSC Cristina, Navios Maritime Partners repaid approximately $100 million of bank debt. Proforma for these repayments, net debt/book capitalization for December 31, 2016, has decreased to 36…
Diana Containerships has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with CMA CGM S.A., Marseille, for one of its Post-Panamax container vessels, the m/v Rotterdam. The gross charter rate is US$6…
ABS, a provider of classification and technical services to the marine and offshore industries, is providing resources that could dramatically improve safety on containerships with the enhanced ABS Guide for Certification of Container Securing Systems (Lashing Guide) and new companion software…
Announcing the themes ‘Maritime Jobs at Sea and Ashore’ and ‘Sea Ports for Prosperity’, Seafarers UK has launched this year’s Seafarers Awareness Week campaign, with the focus on promoting maritime career opportunities, both at sea and ashore…
Concordia Maritime is selling the IMOIIMAX vessel Stena Important to a large Japanese financial institution. This is a sale & leaseback transaction – Concordia Maritime’s third in a short period of time. The sale price is $36 million.Delivery to the purchaser will take place at the end of March…
Laborde Products has been selected as BUKH Diesel Marine Distributor for the United States marine market.'Our companies have tremendous synergies,' stated Soren Pederson, BUKH sales manager. 'We are excited about this new partnership with Laborde Products…
CMA CGM has announced the new upgraded service offer NC LEVANT, which directly links the Eastern Mediterranean Sea (Turkey, Egypt, Lebanon) and Northern Europe (Belgium, England, Germany), via Malta, Spain and Italy. The NC Levant service…
The maritime software development company SDSD are launching V-Chartering - a new cloud chartering platform for wet and dry brokers to manage the entire chartering process - from user friendly intelligent vessel/cargo matching through to full negotiations and fixtures…
The Liberian Registry has further strengthened its industry-leading role for technological innovation by relaunching its website in an ultra-user-friendly format. Among other things, owners and managers of the 4,150-plus vessels in the Liberian…
Historically marine industries have been significantly male dominated but one business in Rotherham is bucking the trend. Martek Marine, who employ more than 60 staff, now boast a leadership team which is made up of 75% women. The business…
The Armitt Group has appointed Paul Holden as its new Finance Director.Mr Holden has over 20 years’ experience in a series of senior financial management positions most notably as Finance Director at Dobson Crowther Ltd, a specialist print and packaging manufacturer…
India can save up to USD 28 billion in infrastructure spend and another USD 3.3 billion in transportation cost if 50 per cent of overall trade moves closer to ports by 2020, PTI said quoting an EY report. The EY report 'Knowledge Paper on…
The Department of Transportation (DOTr) announced plans to open a shorter shipping route between the Philippines and Indonesia, a move meant to strengthen trade relations between the two neighboring countries, reported Manila Times. The…
Bloomberg quoted Robbert van Trooijen, APAC CEO of Maersk Line, saying that the current year (2017) will be more profitable than the last. Post-Hanjin, ocean freight customers now stressing stability and avoiding risk to supply chains…