Concordia Maritime has signed a contract for the chartering of two IMO2/3 class MR tankers. This a joint chartering arrangement with Stena Weco, and Concordia Maritime’s share amounts to 50 percent. The contract is for one year, and the charters run from June and July 2017…
Owner and operator of dry bulk and container vessels Navios Maritime Partners L.P. said it has reached an agreement to acquire Rickmers Maritime’s entire containership fleet.The deal, worth about $113 million, will see Navios Partners acquire…
Following last month’s news that Singapore Based Rickmers Maritime Trust is to be wound up, Rickmers Holding AG released a statement on April 19 reporting that an understanding had been reached regarding restructuring of the Rickmers Group. It…
Algoma Central Corporation and Nova Marine Carriers SA today announced the creation of a new joint venture that will focus on short-sea dry-bulk shipping for global markets. This new joint venture, operating as NovaAlgoma Short-Sea Carriers…
The National Shipping Company of Saudi Arabia (Bahri) said that the Public Transport Authority (PTA) has completed the registration of Amjad, a Very Large Crude Carrier (VLCC) owned and operated by Bahri, under the flag of Saudi Arabia. The…
The first ocean vessel of the year arrived at the Port of Indiana-Burns Harbor marking the official opening of the international shipping season. Port officials welcomed the 413-foot general cargo carrier BBC Mont Blanc and presented the captain with the Ports of Indiana Steel Stein…
MOL Triumph, the world's largest containership with a carrying capacity of 20,170 TEU, successfully arrived at Yangshan Port in Shanghai on April 10, 2017, said Mitsui O.S.K. Lines, Ltd. (MOL) MOL took delivery of MOL Triumph, the first of six 20…
DryShips Inc has entered into a one year time charter with a major grain house for one of its 206,000 dwt Newcastlemax drybulk vessels for an expected duration of about one year. The Company anticipates a total gross backlog of $7.1 million…
essDOCS announces its acquisition of TridentGLOBAL Pty Ltd. TridentGLOBAL is an export management solution with a customer-base across Australia and the USA.TridentGLOBAL provides exporters and traders a comprehensive solution to the challenges…
Wide, deep channels and big-ship infrastructure will earn South Carolina Ports Authority the desired position as last port of call when the biggest ship ever to call the US East Coast, the COSCO Development, arrives in May. 'SCPA has worked…
‘Practical Vessel Assurance for Safe & Efficient Operations’ is the theme of a two-day Marine Seminar to be held by the International Marine Contractors Association (IMCA) on Wednesday 14 and Thursday, June 15, at the Novotel Amsterdam Schiphol…
This year’s cruise shipping season opens in Kiel on April 9 with a call by AIDAcara. Up to the middle of October 28 different cruise ships will berth in the port a total of 142 times while up to half a million passengers are expected to go ashore or embark…
Norway is going to build the world’s first tunnel for ships, a 1,700-meter (5,610-feet) which will cost over $300 million USD (NOK 2.7 billion) and allow cruise ships to bypass the most risky area along the coast of Norway. The Norwegian…
SCF Group's Sovcomflot sees bright future for LNG-fuelled vessels in the tanker industry. 'LNG is a promising fuel for large-capacity vessels, which will significantly increase their environmental compatibility and efficiency,' says the company…
Mitsui O.S.K. Lines (MOL) is pleased to announce that the United States National Oceanic and Atmospheric Administration's (NOAA) Channel Islands National Marine Sanctuary has honored MOL with an award for the company's participation in the 2016 Vessel Speed Reduction (VSR) incentive program…