Nordic American Tankers Ltd. (NYSE:NAT) entered into a 30 months charter contract with a subsidiary of ExxonMobil (EM) for one of the NAT suezmaxes. The firm period is 18 months with an option of further 12 months. The gross revenue from the contract of 30 months is about $25 million…
The Port of Virginia processed 219,398 twenty-foot equivalent units (TEUs) in May, bringing the port to 2 percent growth in TEU volume for the calendar year and 2.6 percent growth in the fiscal year, which ends July 1.“Volume for May was not as high when compared with last year…
The world's largest bulk vessel fleet in terms of both ship numbers and deadweight tonnage COSCO Shipping Bulk Co is officially launched in Guangzhou. Its a merger between two companies - COSCO Bulk Carrier Co and China Shipping Bulk Carrier Co…
CargoSmart Limited has announced that its customers are preparing to submit the verified gross mass (VGM) of their cargo through CargoSmart's platform to comply with the new Safety of Life at Sea (SOLAS) Convention requirements that go into effect on July 1…
MSC has recently launched a new customer portal called ‘myMSC’ which allows you to submit your VGM instructions online and much more. The launch of this portal has been advanced in anticipation of the new SOLAS regulation which comes into effect on the 1st July 2016…
MSC’s California Express service is now to feature a new port of call – Manzanillo in Mexico. The addition brings a significant customer benefit in transit time and reliability, and provides a direct route to the port as part of the route from Balboa to Long Beach…
The SOLAS Container Weight Verification Requirement Verified Gross Mass (VGM) - System readiness by UASC. United Arab Shipping Company (UASC) announced that the following e-channels will be ready for receiving and processing the VGM information on/after 18 June…
Hyundai Merchant Marine (HMM) is sailing into the THE Alliance. With the new charter deals it is now “one step closer to becoming a member of THE Alliance”, from which it was excluded when the mega-alliance was announced last month. According to a report in Business Korea…
The NATO buildup in the Black Sea is part of the alliance's strategy to expand its military presence along Russia's borders. The move would destabilize the situation in the region, says a report in Sputnik. Russian state media reported earlier this month that the USS Porter…
Specialist liquefied natural gas (LNG) training and simulation provider GTT Training has been awarded a contract by Teekay Shipping to supply the G-Sim LNG simulator software into its training centers in Glasgow, Manila and Bahrain. The…
Experts believe the dry bulk market is positioned to become profitable by 2019 – but only if a series of sustained measures are taken year on year by the ship owning community as a whole, according to a report recently published by BIMCO. Peter Sand…
A levy on nitrogen oxides (NOx) emissions with revenues earmarked to fund the uptake of NOx abatement measures is believed to be the most promising tool to reduce these ship emissions by up to 70 percent, as revealed by a new study by environmental consultancy IVL and CE Delft…
James “Jim” Robert Fei, Co-founder, Chairman and former Chief Executive Officer of Life Cycle Engineering (LCE), has passed away. Fei guided LCE since he co-founded the company in 1976, one of two young civil servants who decided to venture…
The Chilean Agriculture Service is warning of inspections for all international vessels arriving direct from Ecuador following latest detections in Chilean ports of the brown moth, Thyrinteina arnobia (Lagarta Eucalyptus).Following the advice…
Inchcape Shipping Services (ISS), the world's leading maritime and logistics service provider, is introducing a new Partner Solutions initiative to develop and deliver added value for customers across the globe.ISS Partner Solutions will…