Japanese shipping major Mitsui OSK Lines (MOL), the first company in Japan to issue sustainability bonds aimed at individual investors, has revealed interest and investor details of its new JPY 20bn ($185.7 million) “sustainability bonds” to fund its latest green initiatives…
Swiss-based shipping line MSC Mediterranean Shipping Company is taking the opportunity to clarify and raise awareness of its zero-tolerance position on shark fin carriage, following a reported shark fin discovery earlier this year, involving a booking by another container carrier…
Port operator DP World plans to raise at least $700 million through conventional and Islamic bond issues on Thursday, documents issued by banks involved in the deal showed.Majority owned by the Dubai government, DP World plans to issue benchmark sukuk with a 10-year maturity…
Three Iranian vessels tried to block a BP-operated tanker passing through the Strait of Hormuz but backed off when confronted by a Royal Navy warship, the UK government said on Thursday.Britain urged Iran to 'de-escalate the situation in the region' after the British Heritage…
The Federal Maritime Commission (FMC) is aware that passenger cruise lines that called Cuba have amended itineraries to comply with amendments made to the Cuban Assets Control Regulations announced in the Federal Register on June 5, 2019.Passengers…
U.S. Customs and Border Protection’s (CBP) Area Port of Philadelphia seized the MSC Gayane Thursday following a record seizure of 20 tons of cocaine on June 17.Upon application from the U.S. Attorney’s Office for the Eastern District of Pennsylvania…
Britain's detention of an Iranian tanker last week was a threatening and incorrect action, Iran's Defence Minister Amir Hatami said on Monday in a speech broadcast live on state television.Royal Marines seized the tanker on Thursday for trying…
Panama's Maritime Authority said on Thursday that Grace 1, a giant Iranian oil tanker seized by British Royal Marines in Gibraltar, was no longer listed in Panama's international boat registry as of May 29.The Panamanian authority added that…
Companies are leaving Britain's shipping registry due to uncertainty over Britain's departure from the European Union and future commercial arrangements with the bloc, industry officials say.All commercial ships have to be registered, or flagged…
Japanese shipping giant Nippon Yusen (NYK Line) announced that its two subsidiaries Wing Maritime Service Corporation and Kaiyo Kogyo Corporation that provide harbor tugboat and other related services, merged today to form Shin-Nippon Kaiyosha Corporation…
New fireboat will provide enhanced firefighting and rescue capabilities for maritime and commercial space. The Canaveral Port Authority will receive $1.5 million in funding from the State of Florida to support the acquisition of a specialized…
Kawasaki Kisen Kaisha, Ltd. ('K” Line), Taiwan Power Company (Taipower), U-Ming Marine Transport Corporation (U-Ming), and Kuang Ming Shipping Corporation (Kuang Ming) have agreed to establish a new joint venture shipping company, and jointly signed Memorandum of Understanding（MOU）in Taipei…
With six months to go until the implementation of the 'Global Sulphur Cap' the International Chamber of Shipping (ICS) has issued updated guidance to help shipowners comply with new UN International Maritime Organization (IMO) regulations. Taking full effect on January 1…
Port operator DP World Plc will buy Topaz Energy and Marine Limited for $1 billion from Standard Chartered and Renaissance Services, DP World said on Monday.Topaz is a provider of marine logistics to the global energy industry. The deal is the…
The International Chamber of Shipping (ICS) has issued updated guidance to help shipowners comply with new UN International Maritime Organization (IMO) regulations, with just six months to go until the implementation of the ‘Global Sulphur Cap’ICS…