The merger deal of China’s two shipping gianst China Ocean Shipping Co., or Cosco, and China Shipping Group that could create the world’s fourth largest container operator is expected to get approval by Chinese government by January, reports WSJ…
India's Ministry of Shipping has decided to rescind thirteen rules under the Merchant Shipping Act, 1958 (as amended), having found them to be obsolete and unnecessary. This in turn will declutter the legislative framework governing merchant…
IRClass has announced the release of new technical software, IR-CSR, for verification and compliance of oil tankers and bulk carriers against recently mandated Common Structural Rules (CSR) by the International Association of Classification Societies (IACS)…
Neptune Orient Lines(NOL) confirmed that it is continuing in discussions with respect to a potential acquisition of the group as previously announced on Nov 7 on the local bourse, reports Business Times. This comes after the Singapore Exchange…
Norway's Songa Offshore SE referred Tuesday to its announcement July 15 regarding the receipt of notices of arbitration from South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) in respect of the construction contracts for the Cat D rigs…
Marco Polo Marine has unilaterally terminated a rig building order worth US$214.3 million from a subsidiary of Sembcorp Marine. Sembcorp Marine on early Wednesday morning said its subsidiary, PPL Shipyard, will regard the termination by Marco Polo Drilling (I) of the US$214…
A German ship Cornelia is being held in the Duluth Bay by U.S. authorities in Lake Superior for a fortnight, says local media. The U.S. Coastguard is investigating the German bulk carrier for alleged environmental violations. The 2001…
The draft law on the development of the Arctic region will be discussed at a joint meeting of the Presidium of the Advisory Council on the Arctic and Antarctic in the Federation Council and the State Commission on the Development of the Arctic November 20…
A five point plan to help tackle Africa’s infrastructure gap is among the findings of a new DP World report to be unveiled at the Africa Global Business Forum this week. Public private partnerships, domestic bond financing, monitoring…
This morning Dryad Maritime released their Mediterranean Special Advisory, an in depth report, looking at the complex threats currently facing commercial shipping in the Mediterranean Sea. It has been written with the purpose of providing a better understanding of this important area of sea…
Italian shipping companies Grimaldi Group, Ignazio Messina and Vittorio Bogazzi & Figli are facing strong criticism from the NGO Shipbreaking Platform for reported poor shipbreaking practices.The NGO Shipbreaking Platform, a global coalition of 19 environmental…
Two Product tankers, Svyatoy Petr and Svyatoy Pavel collided during a passage of Northern Sea Route in convoy with nuclear icebreaker Vaygach. The collision happened on 70 nautical miles SouthWest off New Siberian islands in Laptev sea…
President Barack Obama still plans to attend a global climate summit in Paris at the end of November despite the attacks claimed by Islamic State, a senior U.S. administration official said on Saturday.The Paris summit is focused on curbing climate change…
Ken Cohen, vice president, Public and Government Affairs, Exxon Mobil Corporation, has announced his intention to retire effective Jan. 1, 2016, after more than 38 years of service.It is anticipated that the board of directors will elect Suzanne McCarron as vice president…
Maritime Authority of Jamaica’s (MAJ) Director General Rear Admiral Peter Brady has been elected as the Vice Chairman of the Board of Governors of the World Maritime University (WMU) in Malmo, Sweden. The appointment has been welcomed by…