Japan's Nippon Yusen Kabushiki Kaisha (NYK) is currently considering the establishment of a new network that will enable onboard financial settlements through the remittance of electronic money (e-money).The the shipping and logistics company…
Bomin Group, a supplier of marine fuels, has agreed to sell its Belgium operations to certain individuals of the Somers family, controlling the tanker shipping company Somtrans.Bomin announced in September 2018 that it was exiting the bunker market in Antwerp…
Smaller ports in northern France are ready to absorb more shipping traffic from Britain if congestion builds up due to any fallout from Brexit, a top French official said on Wednesday.The Ports of Normandy Authority (PNA) currently owns and…
India's antitrust regulator has ordered a probe into alleged anti-competitive practices by Denmark's A.P. Moller-Maersk and Dubai's DP World at the terminals they operate at the country's largest container port in Mumbai, five sources familiar with the matter told Reuters…
The owner and provider of containerships for charter Costamare announced the acquisition of the 60% equity interest of York Capital in five 2016 - built 14,000 TEU containerships.The acquisition brings the Company’s ownership interest in these five vessels to 100%…
The international shipping community has made little progress to advance the global commitment made earlier this year to reduce the sector’s greenhouse gas emissions.'This is despite impassioned pleas for action by climate scientists to the…
The United Nations Conference on Trade and Development (UNCTAD) convenes meeting on ways to build sustainability into freight transport systems, including shipping, to boost trade with and between developing countries.According to UNCTAD, governments…
Pipeline transportation of natural gas company American Midstream Partners (AMID) has entered into a definitive agreement for the sale of its refined products terminalling business (Refined Products Terminals) to Sunoco, for approximately $125m…
Liberia has become the first ship registry to be admitted to the Maritime Anti-Corruption Network (MACN) as an associate member.Alfonso Castillero, CCO of the Liberian Registry, says, “The organization has done great work fighting corrupt practices…
BIMCO, the largest of the international shipping associations representing shipowners, said that it has revised and updated its two standard ship repair contracts: REPAIRCON, which is for major work at a repair yard; and MINREPCON, which is…
Marshall Islands-based Global Ship Lease (GSL) announced that it has completed the proposed merger deal with Greece's Poseidon Containers.According to a release from GSL, the combined company will have a fleet of 38 vessels with a total capacity of 198…
The National Transportation Safety Board announced Thursday its intent to hold a board meeting, Dec. 11, 2018, to determine the probable cause of the Jan. 14, 2018, fire aboard the passenger vessel Island Lady, in the waters of the Pithlachascotee River near Port Richey…
Sovcomflot concludes USD 149 million project credit facility for up to 10 years with three leading European banks.Sovcomflot (SCF Group) is pleased to announce that it has signed a new USD 149 million credit facility, for up to 10 years, with a consortium of three leading international banks…
A retired U.S. Navy captain pleaded guilty to criminal conflict of interest charges and a former U.S. Navy master chief was sentenced to 17 months in prison today on corruption charges. The defendants are among the latest U.S. Navy officials…
Remotely operated underwater vehicles (ROV) will be deployed to investigate containers lost from a cargo ship in heavy seas off Australia.The YM Efficiency, operated by Taiwan shipping company Yang Ming Marine Transport Corporation, was sailing…