The global container shipping MSC Germany S.A. & Co. KG is reallocating the responsibilities at the top of the company.Accoridng to a press release the current Deputy Managing Director Nils Kahn, will take the lead for the German market as of 1st September 2019…
The Dubai-based ports operator DP World announced a partnership with Zhejiang China Commodity City Group Company (CCC) to develop the ‘Traders Market’ in Jebel Ali Freezone.The project will span around 800,000 sq m, with phase 1, estimated at $150 million…
The dry bulk market for Supramax/Ultramax bulk carriers improved from the first to the second quarter 2019, said Norway-based Belships.Measured by the BSI-58 index, earnings averaged USD 8 167 per day (net) – 7 per cent up from the previous quarter…
Japanese shipping gaint Nippon Yusen Kabushiki Kaisha (NYK) has signed a new long-term contract with Total Gas & Power Chartering Limited (TGPCL), a subsidiary of Total, a leading oil and energy company headquartered in France.The contract calls…
The Greek seaborne shipping and logistics company Navios Maritime Holdings sold its ship management division and certain general partnership interests to N Shipmanagement Acquisition Corp. (NSAC), affiliated with company’s chairman and chief executive officer…
McQuilling Services Announces the Release of the 2019 Mid-Year Tanker Market Outlook Update.The Mid-Year Tanker Market Outlook Update provides an outlook on the global tanker market in the context of global economic growth and oil fundamentals influencing tanker demand and vessel supply…
Florida's governor on Friday urged residents in the state to stock up on at least a week's worth of food, water and medicine and to prepare to lose power and cellphone service for days after Hurricane Dorian makes landfall early next week.The slow march and rising intensity of the storm…
The Baltic Exchange's main sea freight index climbed to a near nine-year peak on Friday propelled by robust capesize demand, with rates for all the vessel segments scaling multi-year highs.The Baltic index, which tracks rates for ships ferrying dry bulk commodities…
While there is no silver bullet and no one solution to cyber safety, layered defenses are best practices and rely on multiple measures to detect and protect against cyber dangers.“Parasitic malware feasts on critical infrastructure”“Digital…
Industrialist John Fredriksen is seeking investors to take larger stakes in his companies and could relinquish control of operations as part of a plan to reduce his workload, the Norwegian-born 75-year-old told two newspapers on Friday.It was…
The UK Foreign Secretary Dominic Raab is to call for more international support to protect shipping in the Strait of Hormuz when he meets his French and German counterparts later today (Friday, August 31) for talks about Iran. Last month, Iran…
Chinese shipbuilder Hudong-Zhonghua has agreed to integrate Silverstream Technologies’s air lubrication technology in all the new LNG vessels it produces to give high fuel efficiencies, cutting fuel costs by up to 80 percent for both laden and ballast operations…
The Finnish technology major Wartsila will supply and install an Auto Gasification solution for the Regal Princess, enabling the safe disposal of waste from the ship through a self-fueling thermal decomposition unit, thereby significantly reducing greenhouse gas emissions…
The provider of information and communications technology (ICT) for the maritime industry eMARINE Global signed a contract with the Republic of Korea Navy for the maintenance of its Anti-Submarine Warfare Team Trainer (ASWTT) at the Jin-Hae Naval Base…
The U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) has given the Port of Long Beach $4.8 million to improve cyber-security.According to a press release from the second-busiest container port in the United States…