RINA Services and the Asian Classification Society (ACS) recently classified the first two general cargo ships at 15,000 GT owned by IRISL, a major shipping company in Iran. This dual classification is the result of a partnership signed…
With 12 weeks of 2016 behind us, the dry bulk market is still looking bleak. As the current low demand for transportation of commodities continues, the market is doing what it can by scrapping old ships and restraining from ordering new ones…
Navig8 Product Tankers Inc. an international shipping company focused on the transportation of petroleum products, today announced that it has taken delivery of the Navig8 Sanctity, a 110,000 DWT LR2 tanker, from Sungdong Shipbuilding & Marine Engineering Co…
SCF Group (PAO Sovcomflot) reported steep jump in their net profit to USD 354.5 million from USD 83.9 million in the earlier year. Its gross revenue increased by 7.6 per cent to USD 1,483 million (2014: USD 1,378 million) and its time charter equivalent revenue rose by 18…
The Global Shippers’ Forum (GSF) says that the use of mega ships and alliances remain the main problems within the shipping sector. The popular belief is that larger ships and alliances are good for competition because of the benefits they give…
CMA CGM announced that a new call at Pointe des Galets (La Reunion) will be introduced on its ASAF service, connecting Asia to West Africa, and operated with 13 vessels of 9,400 TEU. The maiden voyage direct to La Reunion will be operated with m/v CMA CGM TANYA in Xingang on March 22nd…
On Wednesday, the Washington State Transportation Commission announced that the fourth ferry in our Olympic Class will be named Suquamish. Ferry names were suggested through a public process, and narrowed down to three for the Commission’s consideration…
The SHIPPINGInsight 2016 Fleet Optimization Conference & Exhibition will take place Oct. 18-19, 2016, at the Stanford Marriott Hotel & Spa in Stamford, Conn. “Now entering its fifth year, SHIPPINGInsight is the one event on the maritime calendar you can’t afford to miss…
Maersk Line wins Container Operator of the Year The Company also gets the award for Best Container Shipping Line of the Year in the category North India - Africa Trade Lane at the Northern India Multimodal Logistics Awards 2016 Mumbai…
Classification society DNV GL introduced a new form of reporting that it claims revolutionizes survey reporting for fleet managers. The newly structured report defines safety barriers and trends, using DNV GL's experience with barrier management in the offshore oil and gas industry…
Press release - On 11 March 2015, a reception took place in Limassol (Cyprus) to mark the 25th anniversary of Sovcomflot’s technical management subsidiary SCF Unicom. Unicom was established in 1991, in Cyprus, to allow global charterers…
Norwegian offshore shipbuilders VARD have announced a deal with French luxury cruise ship operator Ponant for the construction of four luxury expedition cruise vessels, for delivery in 2018 and 2019. The vessels will be developed by Vard…
2015 was another busy year for the Danish Maritime Authority in which many results were achieved – covering a wide span from growth to safety. This is evident from the annual report of the Danish Maritime Authority, which has just been published…
The Suez Canal traffic data reported that 341 ships traverse the Suez Canal with a total cargo load of 18.88m tonnes from from 4 to 10 March 2016, as per a report in the Daily News Egypt. An average of 48.7 ships transited the canal per day during the past week…
Carleen Lyden-Kluss, Co-Founder and Executive Director of North American Marine Environment Protection Association (NAMEPA) has announced that GMS (USA) recently joined NAMEPA as a new member. GMS (USA) will participate with other marine industry…