United Kingdom-based closed-ended investment company Tufton Oceanic (SHIP) has reached an agreement to acquire a container ship for $28.6m. The new ship will take the company’s fleet size to 15 vessels.The new ship has a time charter of approximately 5…
The international container terminal operating company headquartered in The Hague, APM Terminals has invested EUR 47 million (USD 53 million) in the Port of Barcelona over recent months.The most recent investment was the acquisition of 29 new straddle carriers…
Japanese shipping giant Nippon Yusen (NYK Line) announced that its two subsidiaries Wing Maritime Service Corporation and Kaiyo Kogyo Corporation that provide harbor tugboat and other related services, merged today to form Shin-Nippon Kaiyosha Corporation…
Maritime Cook Islands (MCI) has appointed Angelos Chatzigeorgiou to succeed Glenn Armstrong as Chief Executive Officer (CEO), effective from July 1, 2019.Glenn, who has led the registry since 2006, has stepped down and will join the registry’s Board of Directors…
Mental health awareness should be made a core component of first aid seafarer training, according to Captain Rajesh Unni, CEO and Founder of leading shipmanager Synergy Group.Speaking last week at a day-long training session designed to further the understanding of mental health at sea…
Kawasaki Kisen Kaisha, Ltd. ('K” Line), Taiwan Power Company (Taipower), U-Ming Marine Transport Corporation (U-Ming), and Kuang Ming Shipping Corporation (Kuang Ming) have agreed to establish a new joint venture shipping company, and jointly signed Memorandum of Understanding（MOU）in Taipei…
2019-007-Red Sea, Gulf of Aden, Arabian Sea, Gulf of Oman, and Indian Ocean-Violence Due to Regional Conflict and PiracyDescription:This revised advisory cancels U.S. Maritime Advisory 2018-0151. References: (a) U.S. Maritime Alerts 2018-001A…
The South Korean container liner shipping company Hyundai Merchant Marine (HMM) will join THE Alliance as a full member. Through this, the members of THE Alliance have also decided to establish a new cooperation with four members and a term until 2030…
“Consistent Compliance” : The Paris MoU has published its 2018 Annual Report on July 1, 2019, which can be found on the website. This report contains the details of the activities of the Paris MoU during 2018. In 2018 there were 24 Refusal of Access Orders (referred to as “bannings”) issued…
Valmet will supply exhaust gas cleaning systems (scrubber system) for ten container vessels of COSCO Shipping Lines Co., Ltd. The scrubber systems will be installed in existing vessels in China in 2019.The project is executed in co-operation with Health Lead Development Ltd…
Hurtigruten’s hybrid powered MS Roald Amundsen makes maritime history as the first cruise ship in the world to sail purely on battery power.The moment – when the brand new expedition cruise ship moved through the water silent and completely emission free…
With six months to go until the implementation of the 'Global Sulphur Cap' the International Chamber of Shipping (ICS) has issued updated guidance to help shipowners comply with new UN International Maritime Organization (IMO) regulations. Taking full effect on January 1…
Port operator DP World Plc will buy Topaz Energy and Marine Limited for $1 billion from Standard Chartered and Renaissance Services, DP World said on Monday.Topaz is a provider of marine logistics to the global energy industry. The deal is the…
The Massachusetts Port Authority (Massport) picked its port director, Lisa Wieland, to be its next Chief Executive Officer(CEO), bypassing the other finalist, a member of the city's power elite, for one of the most influential public-sector jobs in the state…
The world’s largest port operator DP World is in advanced discussions to acquire Topaz Energy & Marine, marking the Dubai-based company's first potential foray into the oil and gas industry.Britain’s Sky News, citing sources, earlier reported that a $1…