The Royal Thai Navy claims it urgently needs more submarines to compete with other Asian countries. The assistant commander made the claim aimed at persuading a skeptical public that the nation should invest in its military in a white paper sent to reporters…
Shanghai Shipping Exchange launched on Wednesday the 'Belt and Road' shipping indices, tracking trade data and shipping freight rates under the initiatives of the Silk Road Economic Belt and the 21st Century Maritime Silk Road, reported China Securities Journal…
Shanghai has moved up the rankings of the world’s top shipping centers to sixth place, surpassing Dubai thanks to Free Trade Zone regulations and the Belt and Road Initiative, according to a report and index looking at the importance of the world’s key shipping centers…
Pacific Basin Shipping cut its half-year underlying losses by 32 per cent to US$14.6 million from a year ago, thanks to stringent cost-cutting efforts that helped it mitigate an anaemic dry-commodities shipping market. Hong Kong-listed Pacific Basin…
Oceanteam Shipping has acquired the remaining 48% stake in fellow Dutch firm Oceanwind and is now the sole owner of Oceanwind Cable Storage & Handling Solutions. As a result of the acquisition the company’s name will be changed to Oceanteam Cable Solutions…
China Cosco Holdings, the flagship unit of Cosco Group, is expecting a net profit of Yuan1.9bn ($306m) for the first half, against the Yuan2.3bn loss during the same period last year. Compared to the same period of last year, the company turned losses into profits in the first half of 2015…
The American Equity Underwriters, Inc. (AEU) presented its 2014 Safety Awards at the annual American Longshore Mutual Association, Ltd. (ALMA) Conference on July 19, 2015, in Key Biscayne, Fla. AEU, which provides solutions for workers’…
Container shipping line Hapag-Lloyd AG’s supervisory board has appointed Thorsten Haeser as a new executive board member in charge of Hapag-Lloyd’s global sales activities as chief commercial officer (CCO).Haeser, a law graduate, is currently managing director of Versatel GmbH…
A new piece of legislation, the Cuba Trade Act of 2015, was introduced in Congress Tuesday that aims to lift the Cuba embargo and allow for U.S. businesses in the private sector to trade freely with Cuba, while prohibiting taxpayer funds to be used on promotion or development of this new market…
A new high-tech unmanned vessel, launched with the help of Google, will use innovative technologies from the boatbuilding and mapping fields to map shorelines and raise awareness of the impacts of global sea level rise. Originally designed to be worn by backpackers…
Bollinger Shipyards has delivered the 14th Fast Response Cutter (FRC), Heriberto Hernandez, to the United States Coast Guard (USCG).The 154-foot patrol craft Heriberto Hernandez is the 14th vessel in the Coast Guard's Sentinel-class FRC program…
The opportunities and challenges faced by India’s coastal shipping industry as the country strives for a more optimal modal mix among various modes of transport will top the agenda at the upcoming 3rd edition of Coastal Shipping and IWT Business Forum 2015 which takes place at the Marriott Hotel…
Shipping lines, environmental organizations, trucking companies, terminal operators and a railroad were honored today, July 29, by Long Beach Mayor Dr. Robert Garcia and the Port of Long Beach at the annual Environmental Achievement Awards…
From Naryan-Mar complex expedition started 'Investigation Atlantic walrus habitat' for the study of animal southeastern Barents Sea.The expedition of seven experts on the research vessel 'Kartesh' organized by the Council on Marine Mammals (CMM)…
Transas, one of the world's leading providers of integrated navigation solutions, received ECDIS type-approval from the Korean Registry (Korea Marine Equipment Research Institute), making Transas one of a few companies holding an ECDIS certificate from the South Korean maritime authority…