The Shipping Corporation of India Ltd was awarded the Integrated Management System (IMS) Certification at its Head Office at Mumbai on 23rd December, 2015 by Arun Sharma, Chairman and Managing Director of Indian Register of Shipping (IRS)…
The first national workshop under the Global Maritime Energy Efficiency Partnerships GloMEEP), Project, which aims to support increased uptake and implementation of energy-efficiency measures for shipping, has been held in Georgia. Georgia is one of the Lead Pilot Countries for the project…
A quadcopter drone has helped navigate the Aurora Australis through the sea ice on its annual resupply voyage to Casey station.Flown off the aft deck of the ship, the unmanned aerial vehicle (UAV) provided the crew with real-time imagery of the sea ice conditions ahead of the ship…
NYK’s Ship Information Management System (SIMS), jointly developed by NYK and the Monohakobi Technology Institute has been recognized with Japan’s 2015 Minister of the Environment Award in the Technical Development and Commercialization category…
The Board of Directors of Essar Shipping Ltd. has appointed Capt. Anoop Sharma as the Managing Director of the company, effective 1st November 2015. Capt. Sharma joined Essar in 2008 and until recently, served as CEO & Wholetime Director of Essar Shipping Limited…
China Shipping Ports Development, the port unit of China Shipping Group, has agreed to acquire a 20% stake in the loss-making Korea Express Busan Container Terminal (KBCT) from parent CJ Korea Express (CJ Korex). KBCT manages the container terminal in the port of Busan Shinsundae…
Peel Ports Group has completed the acquisition of Great Yarmouth Port Company Limited (GYPC) from International Port Holdings for an undisclosed sum. GYPC is well established as the leading UK port servicing the UK sector of the Southern…
Creditors of financially troubled STX Offshore & Shipbuilding are opposing financial aid for the shipyard citing the gloomy outlook of the shipbuilding industry, Korea’s Yonhap News has reported. Creditors of STX Offshore, led by the state-run Korea Development Bank (KDB)…
A number of important amendments to IMO treaties enter into force on 1 January 2016, including new requirements for verification of compliance, making audits mandatory under the IMO Member State Audit Scheme. Other amendments entering…
French carrier CMA CGM, which has announced its bid to acquire Neptune Orient Lines for S$3.4bn ($2.4bn) in cash, is slowly building a stake in Neptune Orient Lines (NOL) for less than the price per share it has offered in a planned takeover deal…
China’s Cosco Pacific is understood to be the only party interested in the acquisition of the 51 percent stake (plus another 15 percent) of Piraeus Port Authority (OLP), reports Kathimerini. Alexis Tsipras's government had halted the sale…
The European Commission has sent to Greece a set of proposals to ensure that state support to the maritime sector in Greece complies with EU state aid rules. In particular, the Commission found that current provisions may breach EU state…
In line with the Company's strategy to acquire companies or businesses in the healthcare sector, Fastnet has appointed Mr. Harry Stratford as a Non-Executive Director with immediate effect. Harry has over 40 years' experience in the pharmaceutical…
Panama today filed an application with the International Tribunal for the Law of the Sea in a dispute with Italy regarding the arrest and detention of the MV Norstar, a Panamanian-flagged vessel. According to the application, from 1994…
International dry bulk shipowners seem only to scrap ships aged 18 years or older. While a couple of Chinese owners have scrapped ships that were even younger than that. 19 ships out of 28 ships built in 1998 to 1999 and demolished between…