State-owned shipping giants China Ocean Shipping Co. (Cosco Group) and China Shipping Group (CSG) are in advanced negotations on combining their container shipping businesses, reports WSJ. Rumors of a merger deal between the two have been floating for half a year…
As the global community commits to the new Sustainable Development Goals and gears up for a new international climate policy agreement, the UNCTAD Review of Maritime Transport 2015 highlights the role of freight transport, including maritime transport…
Greece's cash-strapped government is proposing to end increase taxes m the country's key shipping sector in order to boost revenues, but some shipping owners are threatening to move their ships abroad as a result, says a report in BBC. The…
The 3rd annual Chief of Defence Force Women in Defence conference in Canberra has reaffirmed Defence's ongoing commitment to improve gender diversity across the organisation. Themed ‘Our People and Capability’, the two day conference…
APM Terminals Pipavav (Gujarat Pipavav Port), one of western India’s fastest growing gateway ports has been awarded the Inland Container Depot (ICD) Preferred Terminal of the year at the 4th edition of the Gujarat Star Awards held in Ahmedabad…
The port of Hodeidah has been officially announced as part of a military operations area and is closed to ships since 16.30 hours local time on Sunday 11 October 2015, until further notice.The port authority has ordered all ships at berth…
Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder and a leading integrated heavy industries company, announced today it teams up with its shipbuilding affiliates, Hyundai Mipo Dockyard (HMD) and Hyundai Samho Heavy Industries (HSHI)…
A new rule is being proposed by central government India, under which importers will have to give half of their freight business to local shipping firms. The government is proposing a law for importers to sign 5-year contracts with local shipping firms…
Norwegian Energy Company ASA (Noreco) announces that Tommy Sundt is stepping down as CEO of Noreco ASA.Since joining Noreco in September 2014, Tommy Sundt has played a very important role during the financial and corporate restructuring of the Company…
Bibby Ship Management has successfully completed its second Global Management Programme which, it says, has helped to develop the management skills of all its management team across its global offices.According to Nicola Quayle, Head of Group HR…
Global marine terminal operator DP World has collected an impressive four awards including the Grand Prix of ‘Leading Corporate for Investor Relations in the Middle East’ at the 2015 Middle East Investor Relations Society (MEIRS) Awards. DP…
The crew of Coast Guard Air Station Traverse City is hosting an international joint search-and-rescue exercise with members of the Royal Canadian Air Force beginning Tuesday in and around the Traverse City area.The Royal Canadian Air…
Icon Offshore Bhd and its partner FOB Swath Malaysia A/S have agreed to terminate their shipbuilding contract with Denmark-based Danish Yachts AS. Icon-FOB Holdings (L) Inc in which Icon Offshore holds a 51% stake while FOB Swath Malaysia owns 49%…
China’s National Development and Reform Commission (NDRC) said Japan’s Kawasaki Kisen Kaisha (K Line), South Korea’s Hanjin Shipping, Hyundai Merchant Marine (HMM), Taiwan’s Evergreen, Wan Hai Lines, Yang Ming, China Shipping Container Lines…
French shipping company CMA CGM has revealed that the Turkish conglomerate Yildirim Group wants to sell its 24% stake in the carrier. Yildirim Holding planned to divest its major stake of one fourth in CMA CGM, by 2015, President and CEO of Yildrim Holding…