YCMP becomes MAN Diesel & Turbo’s latest Chinese licensee At a ceremony in Zhuhai, Guangdong Province on January 16, 2016, local engine builder Yuchai Marine Power Co., Ltd. (YCMP) signed a new license agreement with MAN Diesel & Turbo for the production of MAN B&W-branded…
The 175 million GT, ‘A’ rated North P&I Club has published a major new guide for the international shipping industry on how to reduce losses when carrying bulk cargoes by sea. The 280-page Bulk Cargoes: A Guide to Good Practice adds to North’s…
Cargotec Corporation agreed to acquire INTERSCHALT maritime systems AG, the specialist software and related service provider to the maritime industry.The acquisition will complement Cargotec's strategic aim of being a leader in intelligent cargo handling…
Ports America, the largest stevedore and terminal operating company in the United States, is refocusing its business strategies on the West Coast through additional investments and expansion of services into new terminals. Areas of concentration include Los Angeles…
The critical link between shipping and global society is the main focus for this year’s World Maritime Day theme: 'Shipping: indispensable to the world'. The theme for 2016 was launched by IMO Secretary-General Lim as he opened the Sub-Committee on Ship Design and Construction (18 January)…
Cosco Pacific is expected to submit an improved bid for the controlling stake in Piraeus Port Authority (OLP) on Wednesday that is set to be discussed at the board meeting of the Hellenic Republic Asset Development Fund (TAIPED), reports Kathimerini…
European shipowners welcome the European Parliament’s INTA Committee recommendations to the European Commission on the ongoing negotiations of the Trade in Services Agreement between some of the world’s leading economies. In it MEPs acknowledge…
Investors suffered massive wealth erosion in 2015, as share prices of dry bulk companies kept tumbling during the year, says Drewry Maritime Equity Research (DMER). DMER’s shipping index, which is based on the market cap of leading dry bulk companies…
Defining “industrial personnel”, such as workers transported on offshore service vessels, is among the topics on the agenda of International Maritime Organization (IMO)’s Sub-Committee on Ship Design and Construction (SDC). People travelling…
CMA CGM announces its customers that in a continuous effort to improve its services, NEFGUI and NORTH BRAZIL FEEDER will now be calling at Vila Do Conde in replacement of Belem. NEFGUI rotation will be as follows:Algeciras - Tilbury…
King Abdullah Port (KAP), the first privately developed and managed port in the Saudi Kingdom and the region, has announced the port’s success in handling 1,307,017 TEUs, says a repot in the Saudi Gazette. Engineer Abdullah bin Muhammad Hameedaddin…
The first of two SIGMA 10514 Perusak Kawal Rudal (PKR) guided-missile frigates under construction for the Indonesian Navy (TNI AL) has been launched by PT PAL’s Surabaya Shipyard. The SIGMA 10514 Perusak Kawal Rudal, built in collaboration with Damen Schelde Naval Shipbuilding (DSNS)…
Relationship and business building moved into high gear on the high seas as more than 100 FCCA Platinum Members, key cruise industry stakeholders, joined over 30 high-ranking FCCA Member Line cruise executives from January 14-18 for the PAMAC Cruise Summit…
Criteria for entry into force of Ballast Water Management (BWM) Convention not yet reached – further ratifications needed; insufficient tonnage to trigger entry into force despite recent ratifications Following the spate of ratifications in November 2015 of the BWM Convention…
The Society of Satellite Professionals International (SSPI) announced it has selected Richard Hadsall, chief innovation officer of EMC, for induction into the 2016 Satellite Hall of Fame, which recognizes contributions to the satellite technology industry…