Greece plans to sell majority stakes in four ports as part of a privatization plan agreed with its lenders after the country exited the bailouts in 2018, a document of its privatization agency (HRADF) showed on Tuesday.HRADF will sell majority stakes in the share capital of Alexandroupolis…
GAC Sweden has managed the safe arrival of a 143 meter long golden bridge (“Guldbron”) that will connect Stockholm’s Gamla Stan island with Södermalm on the mainland has safely completed its voyage from China. The bridge is a major feature in the City of Stockholm’s redevelopment of Slussen…
The container shipping segment appears to have caught coronavirus, with the industry suffering its first monthly fall in long-term contracted ocean freight rates since October 2019. According to the latest XSI Public Indices report from Xeneta…
India has asked its ports to waive demurrage and other charges for any delays in arrival, berthing and other operations of ships caused by a 21-day lockdown to contain the spread of the coronavirus, a government statement said.Although ports…
The technology group Wärtsilä said it has been awarded a DNV GL type-approval certificate and cyber security certification by the International Electrotechnical Commission (IEC) for its Translink solution, part of the company’s connected ECDIS concept…
The outlook for India's ship-breaking industry has turned negative amid volatile scrap prices and a falling rupee, says ICRA.The country's ship-breaking activity, while tepid during CY2019 due to subdued demand and depressed scrap prices, gathered…
A jump in freight rates has shaved profits for oil traders seeking to store crude for sale towards the end of the year, even as the contango in the first six months for Brent futures stretched to its widest ever, trade sources said.While a sharp…
A Brazilian court has barred crew members from disembarking from the Costa Fascinosa cruise ship anchored with no passengers at the port of Santos after some of their mates developed coronavirus symptoms, city authorities said on Monday.All passengers on the ship…
An event officially signalling the start of construction on Qingdao International Cruise Terminal in China was held alongside a global promotion launched to attract investment. At the event, the People's Government of Qingdao signed a cooperation…
Emiliano González, President of MSC Cruises Spain passed away on March 25 in Madrid at the age of 68.González joined MSC Cruises Spain as Commercial Director in 2002, becoming Country Manager in 2004. He restlessly worked to turn MSC Cruises…
Inmarsat is a founding member of Asia’s first ‘Decarbonizing Shipping’ initiative to harness the power of start-ups to meet UN targets on greenhouse gas emissions, which launched earlier this month. The regional initiative, based in Singapore…
Performance Shipping Inc. (NASDAQ: PSHG) has taken delivery of the M/T P. Kikuma (formerly FSL Shanghai), a 2007-built Aframax tanker of 115,915 dwt that the company entered into an agreement to purchase in February 2020.'M/T P. Kikuma marks…
Kongsberg Maritime announced an integrated strategy to deliver remote, targeted training for its customers. Providing this service through digital platforms reduces travel, cost, time away from home and climate footprint. Three products – Remote Training…
Svitzer has announced a five-year extension of their marine service contract with NuStar.Svitzer has been delivering towage services to NuStar in Point Tupper since 2010. The extension that comes into effect on August 1, 2020 supports NuStar’s…
ABS made a key contribution to the nation’s COVID-19 response effort, helping ensure the readiness of two ABS-classed U.S. Navy hospital ships.ABS surveyors on the U.S. East and West coast helped the USNS Mercy and the USNS Comfort sail to provide…