The largest global container firm Maersk Line has launched a new weekly service between Santa Marta and Turbo in Colombia and Northern Europe specifically designed for refrigerated cargo. Danish container shipping giant added this new service…
Chinpo Shipping Company was fined a total of $180,000 on Friday (Jan 29) for transferring funds that could reasonably have been used to contribute to North Korea's nuclear programme and for running a remittance business without a valid licence…
Japan's Nippon Yusen Kaisha (NYK) has posted a $277.5mln extraordinary loss in the third quarter of year ended 31 March 2016 as it reduced the book value of its fleet inline with current market prices and expectations. The extraordinary loss…
Greek dry bulk shipping company Diana Shipping has entered into a time charter agreement with Geneva-based SwissMarine Services S.A. for its Capesize dry bulker the m/v Houston. The gross charter rate is US$5,150 per day, minus a 5% commission paid to third parties…
In the first half of this year, JSC “Latvijas kugnieciba” subsidiary “LSC Shipmanagement” Ltd (LSCSM) will add three newly built oil and chemical tankers under technical management. The first of the three ships was delivered on January 11 – the 183 meters long tanker “Elandra Spruce”…
Indian Government has initiated procedures for sale of shares of Cochin Shipyard Limited (CSL) by seeking expression of interest (EoI) from merchant bankers to manage the initial public offering (IPO). The listing will involve the sale of some 33…
Yacht races between Hong Kong and Macau will take place on 6 February 2016 (Saturday) and 8 February 2016 (Monday). About 25 sailing boats are expected to participate in the races.The outbound trip from Hong Kong to Macau will start at 1000…
Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva…
InterManager has described as ‘abhorrent’, the decision by Spain’s Supreme Court to sentence the Master of the Prestige oil tanker, which sank off Spain's northwest coast in 2002, to two years in prison and has called on the shipping industry…
Seaports are seeing a steady rise in waterborne cargo volumes according to new numbers from U.S. Army Corps of Engineer’s report. Overall, 2014 freight tonnages increased 3.1 percent over 2013 totals.The Corps of Engineers’ Waterborne Commerce Statistics Center tracks the commercial movement of U…
New York and New Jersey's cargo terminals shut down on Friday after more than a thousand longshoremen walked off the job, shuttering one of the country's busiest port networks. The employees stopped working around 11 a.m. (1600 GMT). It was not immediately clear what had prompted the walkout…
Satellite services provider Intelsat S.A. announced that Jacques Kerrest will join the company as Executive Vice President and Chief Financial Officer, reporting to Intelsat’s Chief Executive Officer, Stephen Spengler. Kerrest will be responsible…
Spain wins Prestige appeal, branding Capt Mangouras a reckless criminal Spain’s Supreme Court has overturned the 2013 verdict of the Spanish court of first instance in La Coruna which had acquitted Capt Apostolos Mangouras, Master of the Prestige…
Inmarsat, a provider of global mobile satellite communications, is inviting application, hardware and software developers to join its growing community of technology companies at the second annual Inmarsat Developer Conference (IDC 16), being held in London (29 February – 1 March)…
Rear Adm. Cari Thomas and Ms. Carleen Lyden Kluss, co-founder and executive director of the North American Marine Environment Protection Association, were recently appointed to be International Maritime Organization (IMO) ambassadors.An…