Carriers are intensifying their capacity-withdrawal activity, with November seeing a big rise in the number of idle containerships, says Drewry Maritime Research. The size of the idle fleet swelled by 52% from October to November to reach 900…
The global airline and shipping industries appeared to win a symbolic reprieve from the growing global drive to reduce carbon emissions on Wednesday, cut from a new draft climate change pact being negotiated in Paris. As nearly 200 nations…
Dan March has been appointed Chief Executive Officer (CEO) of the independent forwarder network WCA, with founder David Yokeum becoming Chairman, and Ram Menen joining a new global Supervisory Board. Based in London, March, who has been WCA Communications Director for over five years…
The World Shipping Council (WSC), the TT Club, the International Cargo Handling Coordination Association (ICHCA) and the Global Shippers’ Forum (GSF) jointly released a new Frequently Asked Questions (FAQ) document to address issues arising…
KPI Bridge Oil, a global trader and broker in marine fuels, marine lubricants and risk management products, has opened a new office in Athens, Greece. The new venture comes as part of the group’s broader growth strategy and desire to further develop its key markets…
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with SwissMarine Services S.A., Geneva…
China COSCO Holdings Company president Jiang Lijun has resigned from his position. Says a company statement: 'The board of directors of China COSCO Holdings Company Limited announces that Jiang Lijun has tendered his resignation as an…
Copenhagen-headquartered gas tanker carrier Evergas has just ordered four ethylene/ethane newbuildings, with an option for two more. The contract for the four newbuildings, each sized 32,000 cu m, has also been signed by Hong Kong engineering company JHW Engineering & Contracting…
Star Bulk Carriers, a global shipping company providing transportation solutions in the dry bulk sector, has reached agreements to sell four modern vessels, two capesize and two kamsarmax vessels. The vessels were sold for an aggregate…
Crowley Awards Scholarships to Three USMMA Cadets at the 2015 Connie Awards Dinner The Crowley Maritime Corporation awarded three United States Merchant Marine Academy (USMMA) cadets with Thomas B. Crowley Sr. Memorial scholarships at the…
Hinode’s 5th Annual conference on the Outlook for bunkering and Marine Lubricants in India clearly acknowledged the fact that India was well on its way to becoming a Bunkering destination. Lack of infrastructure, duties, quality of bunkers…
Singapore sovereign wealth fund Temasek Holdings has agreed to sell its entire 67 percent stake in Neptune Orient Lines (NOL) to France’s CMA CGM, the world’s third-largest container shipper. CMA CGM will pay S$1.30 a share in cash for the 2…
Hapag-Lloyd informs about the current delay of its Mediterranean Pacific Service (MPS) – “Duesseldorf Express” due to technical Problems. 'We regret to inform you that the “Duesseldorf Express” experienced technical problems on her current westbound voyage…
Moody's Investors Service has today changed to stable from positive the outlook on CMA CGM S.A.'s B1 corporate family rating, B1-PD probability of default rating and B3 senior unsecured rating. Concurrently, Moody's has affirmed the ratings assigned to the company…
TOTE Maritime Alaska announced that Michael Noone will assume the role of President, January 1, 2016. Noone joined TOTE Maritime Alaska as Chief Operating Officer in August 2013, bringing 28 years of experience in the shipping and logistics field…