The Government of India has decided to sell off its entire public stake in Dredging Corporation of India (DCIL), said the Minister of State for Shipping Mansukh L Mandaviya. This decision aims to upgrade technology, improve capability,…
The Italian shipbuilder Fincantieri signed Friday an agreement to buy 50% of the share capital of France's STX Shipyard, for 59.7 million euros. This takeover is part of the agreement in principle reached in September between France and Italy…
Despite a shift in demand in the chemical shipping sector, Navig8 Chemical Tankers ended the fourth quarter ended 31st December, 2017 with a widened net loss of USD 3.7mln. Revenue for 4Q17 was $43.3 mill, compared to $33.9 mill for 4Q16. “The…
Swedish OSV owner Viking Supply Ships (VSS) has signed a final agreement to complete the restructuring of its finances as credit committees of all its senior lenders have approved the completed programme. According to the agreed and approved restructuring…
EDF LNG Shipping, a subsidiary of EDF group, signed a long term charter contract with the Japanese shipowner NYK on January 26th 2018. The vessel, with a capacity of 174,000 cbm, will be built by the shipyard Hyundai Heavy Industries with delivery expected by spring 2020…
In his first State of the Union address before a joint session of Congress, President Donald Trump called on Congress to pass an infrastructure bill that generates $1.5 trillion in infrastructure investments and streamlines permitting for major capital projects from 10 to two years…
The ailing U.S. coal industry is ramping up its political and legal offensive to win approval for West Coast export terminals that could provide a lifeline to lucrative Asia markets. Coal producers filed two recent lawsuits against governments…
Dubai-based Gulf Navigation Holding PJSC (GulfNav) is in discussions to acquire a majority stake in Singapore-based Atlantic Navigation Holdings, a provider of offshore marine logistic services. Atlantic is an integrated offshore supply operation…
International law firm Hill Dickinson has appointed partner Siiri Duddington to join its expanding shipping team. Formerly a partner at Campbell Johnston Clark (CJC), Siiri spent six years at the firm advising on a wide range of dry shipping…
Danish container shipping giant Maersk Line has followed in the footsteps of its counterparts CMA CGM and Hapag-Lloyd and joined the New York Shipping Exchange (NYSHEX) as its founding member. Along with Hapag Lloyd, CMA CGM, MOL, OOCL…
Finnish transportation and construction workers will go on a one-day strike on Feb. 2 to protest against the centre-right government's cuts to unemployment benefits, unions said on Tuesday. The strikes are expected to close all Finnish ports and construction sites on the same day that SAK…
A group of leading environmental and maritime shipping organizations have called for the prohibition of transporting non-compliant marine fuels once the global 0.5 percent sulfur cap takes effect in 2020. The United Nation's International…
The National Maritime Center (NMC) issued a notice stating it is closed due to the government shutdown.The NMC said it is authorized to maintain a small cadre of personnel to support national defense-related credentialing issues.The…
Vessel operators calling at California ports are reminded of the state’s new biofouling management regulations and reporting requirements under its Marine Invasive Species Program 2018, said GARD. The state of California is known for its enforcement of stringent environmental regulations…
Chembulk Tankers announced that one of its wholly owned subsidiaries, Chembulk Holding LLC, has priced USD 200 million in senior secured bonds which will carry a coupon of 8.00% and be due in February 2023. The net proceeds from the bond…