In light of the current shipping downturn and to demonstrate the government’s commitment to maintain Singapore as a global hub port, MPA will grant an additional 10% concession on port dues payable by ocean going container vessels carrying out cargo works with port stay of not more than 5 days…
A.M. Best Ratings Services Ltd has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” for The Swedish Club, with the outlook for both ratings remaining stable. According to A.M. Best, the ratings…
Miriam Maes has been appointed to the Supervisory Board of the Port of Rotterdam Authority as of January 1, 2016, filling the position that fell vacant after Merel Vroonhoven stepped down from the Board on July 1, 2015. Maes has extensive…
Jaanus Rahumägi, President & CEO, ESC Global Security has been elected as one of the new members of the Security Association for the Maritime Industry (SAMI) Industry Steering Group.SAMI represents more than 80 percent of the world’s private…
Euronav NV (NYSE: EURN) this morning issued a release to set the record straight with investors, from its perspective, on current market conditions in the large tanker market. According to Euronav, despite the current capital market's predominantly negative sentiment…
BIMCO has now launched a new standard contract for ship managers to provide supervision services for shipbuilding and conversion projects. The contract, code named SUPERMAN, is a valuable new addition to BIMCO's existing suite of ship management agreements…
International engineering and project management consultancy Royal HaskoningDHV has announced a simplified organisation and management structure. As of 1 January 2016 the company has consolidated its activities into four Business Lines and four regions…
For the third year running, DP World is the top stock in the S&P/Hawkamah Pan Arab ESG Index.The index is the first ever of its kind in the Arab world and ranks the transparency and disclosure of regional listed companies based on Environmental…
Hong Kong is to establish a new government body - Hong Kong Port and Maritime Board - this year that oversees the local maritime sector, in a bid to enhance the city’s shipping sector. Hong Kong's chief executive Leung Chun-ying in his…
North American Marine Environment Protection Association (NAMEPA) will hold its Environmental Intelligence in Shipping Conference on “Pathways to Sustainability” on Februar 5, 2016 at SeaRiver Maritime in Spring, Texas. The conference is designed…
Dom Mee, founder and former president of Protection Vessels International (PVI) who commanded more that 1,000 former Royal Marines in the fight against piracy in the Indian Ocean, warns the maritime community on complacency. “The main thrust…
Royal Dutch Shell's top executive planning the integration of BG Group will become transitional CEO of BG after expected completion of the $48 billion acquisition next month, company sources said. The appointment of Dutchman Huibert Vigeveno…
A new safety initiative at the world’s largest proprietary container terminal, APM Terminals Pier 400 Los Angeles, has resulted in the implementation of revised yard layout and procedures to enhance the safety of the 2,000 to 3,000 Over-the…
PSA International Pte Ltd (PSA) handled 64.10 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world for the year ending 31 December 2015. The Group’s volume decreased by 2.0% over 2014, with flagship PSA Singapore Terminals contributing 30…
Singapore’s maritime industry had a mixed performance in 2015. While the Republic remained the world’s top bunkering port, with the volume of bunkers sold last year increasing by 6.5 per cent, container and cargo throughput contracted by 8…