Wells Fargo Securities says that headwinds face global shipping industry and the continued overcapacity means freight rate gains are less likely to stick. 'Given the continued overcapacity headwinds and easing containerized trade demand…
The top federal official presiding over the Great Lakes/St. Lawrence Seaway presented Indiana Governor Mike Pence with its flagship award today in recognition of an increase in international shipping at the Port of Indiana-Burns Harbor.Chief…
The Royal Association of Netherlands Shipowners (KVNR) has awarded its Shipping Award to Netherlands-based towage operator KOTUG for its next-generation ART80-32 Hybrid Rotortugs.The award was presented during the 10th Dutch Maritime Awards Gala in Rotterdam by Tineke Netelenbos…
Rickmers Group will migrate to multiband VSAT (Very Small Aperture Terminal) from Marlink Maritime VSAT for its fleet of 90+ vessels including containerships, bulk carriers and heavy lift vessels, in a move that aims to improve operational…
GMS is proud to announce that Ms. Jasvinder Virdi has joined the company to further develop its growth within the industry.Jasvinder comes with a wealth of determination and enthusiasm, as well as experience of working within the shipping industry…
Danos announced that its Amelia, La.-based fabrication facility has achieved ISO 9001:2008 certification for its quality management system (QMS). Two of Danos’ other locations – the Larose fabrication shop and headquarters in Gray, La. – are already ISO 9001:2008 certified…
Japan delivered on Tuesday two used ships to the Vietnamese Coast Guard to help the Southeast Asian country strengthen maritime security, reports the Japan Times. The two 600-ton vessels, provided in a ceremony in the city of Da Nang, will…
The Singapore-listed and China-based shipbuilder Yangzijiang Shipbuilding has secured new orders worth $730m, including two very large gas carriers, between September and October. The two 84,000 cbm very large gas carriers (VLGCs) were ordered by Shanghai Zhenrong Energy…
Hapag-Lloyd AG, the German container shipping company, has succeeded in completing its initial public offering (IPO), after a hard campaign in which the outcome sometimes looked in doubt. It has set the final offer price for its shares at €20 ($21…
A ship management company has pleaded guilty and was sentenced October 27, 2015 for deliberately concealing pollution discharges from the ship directly into the sea and for falsifying its oil record book, announced U.S. Attorney Kenneth Magidson along with Rear Admiral David R…
Following its core strategy of continuous Africa Lines service upgrade, CMA CGM is pleased to present its latest significant improvement on its NOURA EXPRESS service connecting East Africa with Europe. Starting end of November 2015 with m/v MARIE DELMAS…
MSC Mediterranean Shipping Company’s largest container ship ever built, the MSC Oscar, makes her maiden call at Port of Wilhelmshaven today. Since its inauguration in January at Daewoo’s Shipbuilding and Maritime Engineering (DSME) Shipyard in South Korea…
The German lender Commerzbank is making money in tough market as it sheds another $1.2bn of ship loans. For the first time ever, Commerzbank's shipping portfolio stands at less than EUR 10 billion, according to the third quarter interim report…
Caterpillar Marine’s dealer in Turkey, Borusan, has signed a Letter of Intent (LOI) with Turkish shipbuilder Sanmar Shipyards for the supply of a range of propulsion units over the next three years. The LOI covers the supply of Cat propulsion…
Despite an overall global reduction in serious piracy attacks this year, the International Maritime Bureau’s Piracy Reporting Centre (IMB PRC) cautions against complacency in its 2015 report for the year to 30 September.Southeast Asia cracks down In Southeast Asia…