Oil freight rates in the Middle East and Asia have increased by almost 20 percent today following new US sanctions on units of Chinese company COSCO for its alleged involvement in ferrying crude oil out of Iran.In what the U.S. State Department…
Brittany Ferries has said the company is “ready, willing and able to assist” the UK government with Brexit freight capacity requirements following confirmation that the company is one of eight firms that have been appointed to the freight procurement framework…
Craig Jasienski, President & CEO of international RoRo shipping and transportation logistics specialist Wallenius Wilhelmsen, recently appointed as a member of the Women’s International Shipping & Trading Association (WISTA), has stated that…
Offshore contractor Gulf Marine Services has signed a waiver agreement with banks relating to covenants to be tested with reference to the company’s half-year financial results in an agreement that will provide GMS with a rollover of its existing $25 million working capital facility…
According to Norway-based ocean freight rate benchmarking and market intelligence specialist Xeneta, long-term contracted ocean freight rates for carriers continued their downward trend this month, however by only 0.1% globally. The company…
EOLOS Floating Lidar Solutions, a start-up supported by EIT InnoEnergy, has completed a significant capital injection by the entity of the Swiss investment company Prorsum AG.Rajai Aghabi, CEO and founder of EOLOS, describes the capital increase as “a significant closing for EOLOS…
The maritime classification society American Bureau of Shipping (ABS) celebrated International Maritime Organization’s (IMO) World Maritime Day with a month of activity putting women in the spotlight to inspire current employees as well as future generations of mariners…
APM Terminals, the international container terminal operating company headquartered in The Hague, claimed that one year since the implementation of its new global operator training program known as ConQuip, and the approach is paying off.The…
Greek shipping company Capital Product Partners L.P. (CPLP) announced that its vessel, M/V ‘Agamemnon’ commenced new long-term time charter with Mediterranean Shipping Company Co. S.A.The 108,892 dwt / 8,266 TEU container carrier Agamemnon was…
Global ratings agency Moody's has downgraded the corporate family rating of French shipping major CMA CGM due to its 'materially weaker' liquidity. The rating was downgraded to B2 from B1.Concurrently, the company's senior unsecured ratings were downgraded to Caa1 from B3…
The maritime and offshore energy institutional investor OMP is acquitting of US$35m of Series G Redeemable Convertible Perpetual Preferred Shares of the Greek shipping company Tsakos Energy Navigation (TEN) in a private placement.Watson Farley…
Product tanker operator Maersk Tankers has now completed its acquisition of seven chemical tanker ships, which the company wil take over from AET Tanker Holdings, a Malaysian-owned global shipping company specializing in the ocean transport of crude oil and refined products…
South Carolina Ports Authority (SCPA) and the South Carolina Department of Health and Environmental Control (DHEC) were awarded a $2 million grant from the U.S. Environmental Protection Agency’s Diesel Emissions Reduction Act (DERA) grant program…
Svitzer has appointed Arjen Van Dijk as Chief Commercial Officer (CCO) for the Americas region.With more than 15 years in global shipping and transportation, the 43 year old Dutch maritime professional brings to Svitzer extensive knowledge and insights…
More than 300 executives from the maritime industry, government and academia filled the conference hall at SUNY Maritime as the State University of New York Maritime College and the Maritime Industry Museum at Fort Schuyler jointly hosted 'Offshore…