Global marine terminal operator DP World has agreed to a set of 11 principles designed to help tackle the US$ 19 billion illegal wildlife trade.In a groundbreaking meeting in London last week, members of the United for Wildlife International…
International shipping groups remain divided over how to reduce carbon emissions after being left out of the climate-change pact reached over the weekend in Paris, reports WSJ. The International Chamber of Shipping (ICS), representing the global shipping industry…
U.S shipbuilder General Dynamics NASSCO launched the first ship in a series of ECO Class tankers for the SEA-Vista fleet at a christening and launch ceremony at the company’s shipyard in San Diego on Saturday, December 12. The ship, the Independence…
18,000-TEU container ship CMA CGM Benjamin Franklin will make its first U.S. call at the Port of Los Angeles in late December The CMA CGM Benjamin Franklin, an 18,000-TEU vessel named in honor of one of the United States’ founding fathers…
A federal grand jury in Greenville, North Carolina, has returned a nine-count indictment charging two engineering officers employed by Oceanfleet Shipping Limited with crimes relating to the illegal discharge of oily wastes directly into the sea…
Eva Kristensen will take the helm as the new managing director at Ulstein Design and Solutions AS starting in January 2016. Kristensen will also enter into the role as COO for the Design & Solutions business area, and be one of the executives in the group management of Ulstein Group ASA…
Shares of Cosco Group and China Shipping have taken a hammering on the stock markets as two major companies lost about $900 million in total market value after the government proposed combining its two key ocean liner groups, reports Bloomberg…
The orderbook to fleet ratio is a useful indicator of future supply growth, both across the industry as a whole and within sectors, according to a research report by Clarksons. Since peaking in 2008, the orderbook has fallen significantly as a percentage of the total fleet…
Time has come for most shipowners to apply for renewal of Bunker, CLC, Athens and Wreck Removal Certificates from the Danish Maritime Authority (DMA). Certificates must be renewed when the underlying insurance expires. Ships subject to…
A naming ceremony was held today for Finland’s new-generation icebreaker, Polaris, built at Arctech Helsinki Shipyard. Presently under construction at Helsinki Shipyard, the vessel is designed especially for icebreaking operations in the…
South Korea's big three shipbuilders - Hyundai Heavy Industries Co., Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. - may miss this year's order targets as a global economic slump and lower oil prices sharply reduce shipbuilding demand…
China State Council has given the go-ahead for country's two largest shipping conglomerates to merge, continuing a trend in the industry to trim down state-owned enterprises, reports Caixin Media. The China Ocean Shipping Co. (COSCO Group) and China Shipping Group Co…
Global Ship Lease, Inc has completed the sale of its 1997-built, 4,113 TEU containership, Ville d'Orion, following redelivery from its previous charter. The vessel was sold for $328.25 per ldt, for estimated net proceeds of $4.5 million…
Carriers are intensifying their capacity-withdrawal activity, with November seeing a big rise in the number of idle containerships, says Drewry Maritime Research. The size of the idle fleet swelled by 52% from October to November to reach 900…
The final section of aircraft carrier HMS Prince of Wales began its delivery voyage from Glasgow to Rosyth today, 10 weeks ahead of schedule. As part of the the Queen Elizabeth Class aircraft carrier program, newbuilds HMS Queen Elizabeth…