Dry bulk shipping company Diana Shipping and Wilhelmsen Ship Management (WSM) have joined forces in a new 50/50 joint venture named Diana Wilhelmsen Management Limited (DWM). DWM, to be based in Limassol, Cyprus, and will commence operations by the end of June…
Israeli container carrier ZIM is expanding its Asia – South America East Coast (SAEC) via the Suez Canal at the end of May.The new service, Asia – East Coast Brazil (AEC), a collaboration with the SSA group, will allow ZIM to offer a second weekly service on this trade…
From 1 June 2015, the administrative burdens imposed on the maritime industries in Denmark and the rest of Europe will be reduced through the implementation of a new electronic reporting system.'National Single Window'.This is the name…
Mariners are advised that due to low water levels on Lake St-Louis the speed limit between buoys A30 and A40 is reduced as follows: * Vessels with a draft greater than 70 dm are limited to 10 knots upbound and 12 knots downbound. * For vessels with a draft of 70 dm or less…
Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, and Wilhelmsen Ship Management (“WSM”) today announced that they have established a new 50/50 joint venture named Diana Wilhelmsen Management Limited (“DWM”)…
An empowered committee established by the Kerala State government in India has recommend the lone bid submitted by the Adani Ports and Special Economic Zone Ltd. (APSEZ) to build and operate a new International deep water seaport project at Vizhinjam…
Vietnam has carried out significant land reclamation at two sites in disputed South China Sea waters, recent satellite pictures show, but analysts say the scale of the work is dwarfed by that of China, reports AFP. The expansion of the…
China embarked upon extensive land reclamation efforts in the disputed Spratly Islands this year, adding huge amounts of terrain as of December to bolster its presence in an area claimed by rivals, a new Pentagon report said. According to a WSJ report…
Goldman Sachs can't see an end to the dry cargo downturn until at least 2020 on a glut of vessels and stalling cargo growth, says a report in Bloomberg. Overcapacity and low fuel prices are bound to keep low dry bulk shipping freight rates for the rest of the decade or even longer…
Shipping services company Clarkson PLC warned that the outlook for the industry remains mixed in the short term and dry bulk and offshore in particular present challenges. 'The near term industry outlook remains mixed and the challenges in some of our markets continue…
South Korea plans to enable its citizens and foreign tourists to wager on new cruise ship services that will serve ports around the country, reports the Korea Joongang Daily newspaper. Some major overseas cruise companies – such as Genting…
North Korea has successfully test-fired a newly developed ballistic missile from a submarine in what would be the latest display of the country’s advancing military capability. The official Korean Central News Agency (KCNA) said that North…
AP Moller-Maersk has returned to South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering for its latest series of ultra-large container ships (ULCS), reports The Korea Economic Daily. The total contract to build 11 ultra-large containerships is worth US$1…
Global Diving & Salvage, Inc. announced the addition of a new service line, Global Technical Services (GTS), to broaden the array of services o¬ffered to its current and future clientele as well as support internal professional development…
The Resolve Maritime Academy hosted a day of maritime safety training exercises and competitive activities as part of the 13th Damage Control Olympics. Teams consisting of sailors and damage control service men and women competed against…