The Bureau of Ocean Energy Management (BOEM) today released proposed regulations that would provide additional clarity and certainty for its Marine Minerals Program regarding negotiated, non-competitive leases for Outer Continental Shelf (OCS) resources such as sand…
The St. Lawrence Seaway Management Corporation (SLSMC) marked the opening of the Seaway’s 58th navigation season today, with the transit of Canada Steamship Lines’ Thunder Bay through Lock 3 on the Welland Canal. The ship, carrying a load of road salt…
Navig8 Product Tankers Inc. an international shipping company focused on the transportation of petroleum products, today announced that it has taken delivery of the Navig8 Sanctity, a 110,000 DWT LR2 tanker, from Sungdong Shipbuilding & Marine Engineering Co…
SCF Group (PAO Sovcomflot) reported steep jump in their net profit to USD 354.5 million from USD 83.9 million in the earlier year. Its gross revenue increased by 7.6 per cent to USD 1,483 million (2014: USD 1,378 million) and its time charter equivalent revenue rose by 18…
Kongsberg GlobalSim, the wholly owned land-segment crane simulation subsidiary of Kongsberg Maritime is to become an independent business following a management buyout announced on 21st March 2016. The buyout will enable GlobalSim to focus on its core port crane…
The Global Shippers’ Forum (GSF) says that the use of mega ships and alliances remain the main problems within the shipping sector. The popular belief is that larger ships and alliances are good for competition because of the benefits they give…
CMA CGM announced that a new call at Pointe des Galets (La Reunion) will be introduced on its ASAF service, connecting Asia to West Africa, and operated with 13 vessels of 9,400 TEU. The maiden voyage direct to La Reunion will be operated with m/v CMA CGM TANYA in Xingang on March 22nd…
Representatives of Cuba and the United States signed in Havana a memorandum of understanding (MoU) on cooperation in areas of hydrography and geodesy to improve the safety of maritime navigation. Ambassador Jeffrey DeLaurentis, the Chief of Mission at the U…
According to a Reuters report, the UN Security Council agreed to a Chinese request to remove sanctions on four ships that had been blacklisted for ties to Pyongyang after China secured assurances the vessels would not use North Korean crews…
A 623-foot Panamanian-flagged bulk carrier Sparna ran aground early Monday morning in the main shipping channel of the Columbia River near Cathlamet, Washington, according to the U.S. Coast Guard. The Sparna has taken on water in void spaces…
Hong Kong port recorded a 16% overall throughput drop in February to 1.2m teu from 1.4m teu in previous corresponding period, accelerating from the 9.6% drop seen in the first month of the year. The container turnover at port since the beginning of 2016 decrease by 12…
Carnival Corporation & plc has received Cuban approval to begin travel to Cuba starting on May 1, 2016. This, following U.S. authorization granted in July 2015, clears Carnival Corporation to operate the 704-passenger MV Adonia to Cuba through its newest brand Fathom…
The WISTA USA CMA luncheon which was held on Monday, March 21, and was well attended by industry professionals from around the globe. The guest speaker, Kathy Metcalf, President of U.S. Chamber of Shipping, spoke of the numerous challenges…
The Board of Odfjell Terminals BV announced that Frank Erkelens will join Odfjell Terminals as CEO for its global activities. Erkelens has more than 20 years of experience in the terminal industry and comes from a position as President EMEA in Vopak…
The Board of Harbor Commissioners has approved the appointments of new directors for the Port of Long Beach’s Finance, Surveys and Transportation Planning divisions. Maurina Lee, previously the Harbor Department’s controller, will become the Director of Finance…