Due to the partial government shutdown, the National Maritime Center (NMC) and all Regional Exam Centers (RECs) are closed until further notice.Customer walk-in service is suspended. Examinations and other REC appointments are cancelled, and REC appointment calendars are closed…
The Federal Maritime Commission is closed effective Wednesday, December 26, 2018 as part of the partial federal government shutdown due to a lapse in appropriations. The Commission will resume normal operations when appropriations legislation is enacted and the federal government reopens…
Italy's Rosetti Marino has withdrawn its offer to buy Heerema Fabrication Group’s (HFG) Zwijndrecht facility in the Netherlands, with HFG confirming the yard is to close.Rosetti Marino and HFG entered into a letter of intent on the 16th of November…
The rating company Moody's Japan K.K. has downgraded Japanese shipping company Mitsui O.S.K. Lines, Ltd.'s (MOL) corporate family rating to Ba2 from Ba1. The rating outlook is stable.'We expect MOL's debt will not decline materially over the…
The global transport company Ocean Network Express (ONE) and PSA Singapore (PSA),the flagship terminal of the global port group PSA International, will join hands to form a joint venture company based at Pasir Panjang Terminal in Singapore…
Four trade associations representing the international liner shipping industry submitted comments to the European Commission supporting extension of the EU consortia block exemption regulation (BER) for an additional five years beyond its current 2020 expiration date…
The number one Korean national containers carrier Hyundai Merchant Marine (HMM) and Singapore-based terminal operator PSA International have secured complete ownership of the Hyundai Pusan New-Port Terminal (Pier 4) in the Port of Busan, South Korea…
Bermuda-based shipping company Teekay GP, the general partner of Teekay LNG Partners, has announced that its Board of Directors has authorized a common unit repurchase program for the repurchase of up to $100 million of Teekay LNG’s common units…
An Indian court has declined to quash or stall an antitrust investigation into Dubai-based port operator DP World's alleged anti-competitive behaviour at the country's largest container port in Mumbai, three sources told Reuters on Wednesday…
Russia’s maritime shipping company Sovcomflot has announced that it has entered into a new USD 264 million six-year revolving credit facility with a consortium of five leading international banks.The completion of this credit facility marks the successful finalisation of SCF’s 2018 financing plan…
The US-based chemical tanker company Ardmore Shipping Corporation announced that Reginald L. Jones is stepping down as Chairman of the Board of Directors of the Company effective December 31, 2018. Curtis McWilliams has been appointed as Chairman of the Board effective January 1…
Revised Comment Period: Draft Merchant Mariner Medical Manual, Notification of Availability and Request for Comments.The Coast Guard is seeking public comment regarding the draft Merchant Mariner Medical Manual. The guidance in this manual should assist medical practitioners…
Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK), the first company in the global shipping industry to issue labelled green bonds, presented its initiatives at a seminar conducted by Mitsubishi UFJ Morgan Stanley Securities Co. Ltd…
The captain of the Malaysian-flagged fishing vessel Buah Naga 1 Captain Han Ming Chuan, a Taiwanese national, has pleaded guilty to the charge of Unlawful Possession of Shark Fins in a plea agreement with Tanzanian Prosecutors.The vessel was…
Greece-based Navios Maritime Acquisition Corporation announced that it completed the acquisition of Navios Maritime Midstream Partners. 'Following the close of the market on December 13, Navios Midstream common units no longer are publicly traded on the New York Stock Exchange…