Pangaea Logistics Solutions has received extensions for two contracts of affreightment (COA) for dry bulk materials, which it says will generate up to $22m in revenue over the next three years. The extended contracts will also optimally position Pangaea vessels for backhaul routes…
The DOF Subsea Group has entered into an agreement with Technip for the sale of DOF Subsea’s ownership in the joint venture vessel Skandi Arctic, with immediate effect. According to the company, the transaction is done at market terms and will improve the cash position for the Group…
A dockworkers strike at Peru's biggest port, Callao, has hit imports of basic goods in the Andean country and will likely stoke inflation, the main exporters association said Monday. The 18-day strike has nearly frozen activities at the…
AML Ship Management GMBH, a German company, was sentenced in federal court today to pay a total of $800,000 in fines and community service payments for violating the Clean Water Act and the Act to Prevent Pollution from Ships by intentionally discharging 4…
With 2020 in sight, DNV GL looked at the lessons to be learned from the update to the classification society’s “Shipping 2020” report which was published in 2012. Now, three years later, hybrid propulsion systems and connected ship solutions…
United Arab Shipping Company's first ultra-large container vessel has entered service equipped with a MacGregor high-efficiency cargo handling system, which is designed to maximise payload potential and operational efficiency and reduce environmental…
The first cargo ship delivering Iranian goods docked at the Omani port of Sohar, a few weeks after Tehran and Muscat opened a new shipping route. The vessel, titled Genaveh 12, container with a capacity of 96 TEUs, is the first ship put into operation in the new Iran-Oman shipping line…
The Karachi Port Trust (KPT) and Guangdong Transport Department, China signed a memorandum of understanding (MOU) for strengthening shipping connectivity and establishing cooperation. The MoU was signed by KPT Chairman Vice Admiral Shafqat…
United Arab Shipping Company (UASC) has launched a North Europe - US East Coast (NEU1) service as well as an order of 3,500 reefer containers as part of its ongoing expansion phase. The new NEU1 service has been added as part of UASC's…
The Indian government has approved an agreement on coastal shipping between India and Bangladesh for cheaper cargo movements between them. “The Union Cabinet, chaired by Prime Minister Narendra Modi, has given its approval to the agreement…
From 14 to 18 June, HAROPA, world top port for wine and spirits, will be an official partner for Vinexpo 2015, a major and inescapable event in the wine and spirit sector.For its first participation in Vinexpo, HAROPA - the alliance of the ports of Paris…
Pressure grew on Friday for a resolution to wage talks between exporters and striking crushers in Argentina's Rosario grains hub, with another powerful union threatening to launch its own industrial action on Monday that would paralyze exports…
A customs strike in Chile that had held up exports and imports for over a week has ended after the union said on Friday it had come to an agreement with the government. Fruit and salmon exporters and small businesses who rely on import stock were particularly hard hit by the stoppage…
The ‘FORAN new modules, new functions and FEM-Link (Hypermesh) Seminar’ was held on April 23rd in Wuhan. SENER is playing a big role in China, where it has been promoting the FORAN System for many years.Through the seminar, important new enhancements in its shipbuilding CAD/CAM System FORAN…
Seeking new supply chain efficiencies, the ports of Los Angeles and Long Beach have announced the creation of working groups focusing on peak operations and terminal optimization to develop ways to strengthen the competitiveness of the San Pedro Bay port complex…