The CEO of I-Tech AB Philip Chaabane rings the bell to open I-Tech’s first day of trading on Nasdaq First North.I-Tech recently completed a share issue for listing on Nasdaq First North. The shares will be traded under the ticker ITECH and ISIN code SE0011167725…
The service provided by container shipping lines has deteriorated since 2016 and is now seen by exporters, importers and freight forwarders as more problematic, according to the second annual shipper satisfaction survey of Drewry and the European Shippers’ Council (ESC)…
Star Bulk Carriers announced that it has closed the previously announced acquisition of three newbuilding Newcastlemax dry bulk vessels in an all-share transaction, from Oceanbulk Container Carriers (OCC). The final consideration for the OCC Vessel Purchase Transaction is 3…
Shipping confidence held steady in the three months to end-May 2018 according to the latest Confidence Survey from international accountant and shipping adviser Moore Stephens. The average confidence level expressed by respondents was unchanged at the four-year high of 6…
Today marks Panama Canal's two-year anniversary of the inauguration of its Canal Expansion. It is the largest enhancement project in the waterway’s 103-year history. To date, the Canal has transited 3,745 Neopanamax vessels.The performance…
International Transport Intermediaries Club (ITIC) has successfully defended a ship manager against allegations of negligence made by a shipowner following the loss of a lifeboat overboard.The lifeboat was subsequently found drifting off the port of Naze…
Mitsui O.S.K. Lines (MOL) announced that MOL, has entered into a preliminary agreement to supply a Floating Storage and Regasification Unit (FSRU), as well as Jetty Operation & Maintenance Services for the Hong Kong Offshore LNG Terminal Project on a long term contract…
Seafarers are the unsung heroes of shipping, the industry on which everyone, everywhere relies for the goods and commodities we all need and want. But it’s a tough and demanding job which sometimes can put pressure on mental health. This is why…
In a bid to meet customer needs beyond 2020 World Fuel Services (WFS) has announced a recent investment at its current supply location in Falmouth, UK, to upgrade facilities and the introduction of a new supply vessel.WFS currently stores and…
Danish shipping and logistics company DFDS is to sell two of its older vessels to Ukraine-based ferry operator Ukrferry. 'DFDS has entered into an agreement with Ukrferry to sell two combined freight and passenger ferries, Kaunas Seaways and Vilnius Seaways built in 1989 and 1987 respectively…
Owner and operator of LNG carriers Golar LNG has secured $ 200 million in additional liquidity as part of a debt financing deal related to the Hilli Episeyo. Golar LNG announced that following the June 4th announcement of commercial acceptance of Hilli Episeyo…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia. The global…
The EU member states’ experts on ship recycling met in Brussels to discuss the latest developments, six months ahead of the application of the 2013 Ship Recycling Regulation. With the recent decision by the Chinese government to stop the import of end-of-life ships for scrapping…
On June 15, 2018 at the Montoir de Bretagne roro terminal, an AEOLUS satellite designed by Airbus Space and Defense for the European Space Agency was loaded aboard the ro-ro vessel Ciudad de Cadiz, bound for Kourou, in French Guiana. Managed…
Mitsui O.S.K. Lines (MOL) announced that MOL and Mitsui & Co have entered into a share purchase agreement to acquire shares in AKOFS Offshore AS, which is owned by Akastor ASA, Norway. After in-kind contribution of the company of owner and leasing the subsea support vessel…