Navig8 Product Tankers Inc., an international shipping company focused on the transportation of petroleum products, has taken delivery of one LR1 74,000 DWT product tanker, the Navig8 Expedite, from STX Offshore & Shipbuilding Co, Ltd. The…
Canada-based Algoma Central Corporation has signed a joint venture (JV) agreement with Nova Marine Holding of Luxembourg to establish a fleet of cement carriers to supply infrastructure projects across the globe. Algoma will own 50% of the joint venture…
Six months to the day ahead of the naming ceremony, Mein Schiff 5 was launched today at the Meyer Turku Oy shipyard. Following a construction period of 14 months, Ferdinand Strohmeier, Vice-President Operations TUI Cruises, was on hand for the so-called “floating” celebrations…
Following the spate of ratifications in November 2015 of the Ballast Water Management (BWM) Convention, IMO and partner IHS Maritime & Trade have been engaged in a process to verify tonnage figures to ascertain whether or not the convention’s final entry-into-force requirement has been met…
The Swedish Maritime Organisation has advised the following ice restrictions in force with effect from 18 January 2016:Karlsborg – LuleåMinimum ice class IB and 2000 dwtHaraholmen – Örnsköldsvik och ÅngermanälvenMinimum ice class IC and 2000 dwtMälaren…
In light of the current shipping downturn and to demonstrate the government’s commitment to maintain Singapore as a global hub port, MPA will grant an additional 10% concession on port dues payable by ocean going container vessels carrying out cargo works with port stay of not more than 5 days…
Jaanus Rahumägi, President & CEO, ESC Global Security has been elected as one of the new members of the Security Association for the Maritime Industry (SAMI) Industry Steering Group.SAMI represents more than 80 percent of the world’s private…
BIMCO has now launched a new standard contract for ship managers to provide supervision services for shipbuilding and conversion projects. The contract, code named SUPERMAN, is a valuable new addition to BIMCO's existing suite of ship management agreements…
For the third year running, DP World is the top stock in the S&P/Hawkamah Pan Arab ESG Index.The index is the first ever of its kind in the Arab world and ranks the transparency and disclosure of regional listed companies based on Environmental…
PSA International Pte Ltd (PSA) handled 64.10 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world for the year ending 31 December 2015. The Group’s volume decreased by 2.0% over 2014, with flagship PSA Singapore Terminals contributing 30…
Maersk Line, a unit of the A.P. Moller-Maersk Group, based in Copenhagen, Denmark, has retained its position as the world’s largest container shipping line, according to Alphaliner. It is still the world’s largest ocean carrier by capacity but its closest rivals…
Hapag-Lloyd announces the South East Asia - Australia Service (SAL) update in regards to the recent CustomerInfo in relation to M/V Hanjin Aqua (Voyage 0029N). They were updated by the Average Adjusters that, following the successful refloating…
On 7 December 2015, Neptune Orient Lines (NOL), parent company of G6 Alliance member APL, announced the potential acquisition of NOL by CMA CGM. The transaction is subject to regulatory approvals. Until there is further development, the…
The State University of New York Maritime College will confer the honorary degree of doctor of science degree on Morton S. Bouchard III, the president and CEO of Bouchard Transportation Company, Inc., during winter 2016 commencement exercises Friday…
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying industrial commodities, sank to a new record low for the sixth straight session on Tuesday, reports Reuters. The overall index, gauging the cost of shipping dry bulk cargoes including grain…