Panama Canal announced the transit of its 3,000th Neopanamax vessel, exceeding initial traffic expectations by this date and reaffirming the value and impact its route has had on global maritime trade, said a press release on Friday (March 02)…
Nakilat has expanded its joint venture partnership with Greek shipping company Maran Ventures Inc., to include two additional LNG vessels.Maran Nakilat Co. Ltd. was first established in 2005 with four jointly-owned LNG vessels, and was further expanded on several occasions…
Today the Panama Canal announced the transit of its 3,000th Neopanamax vessel, exceeding initial traffic expectations by this date and reaffirming the value and impact its route has had on global maritime trade. The Panamanian flagged containership…
Major overhaul of the towing and supply vessel 'Andoga' belonging to the Caspian Sea Oil Fleet of the Azerbaijan Caspian Shipping Company has been completed, said a press release. The main engines, main and reserve pumps, pipeline systems…
Partners in an initiative to cut air pollution and protect whales have announced results from the 2017 program and publicly recognized the 11 shipping companies who participated, reducing speeds to 12 knots or less in two regions. For the…
Diana Containerships announced that it has signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to sell to an unaffiliated third party the m/v Sagitta and the m/v Centaurus, each a 2010 built containership for $12…
UK-based containership charter owner Global Ship Lease announced that it has agreed to acquire a 2005-built, 2,800 TEU containership for a purchase price of USD 11.3 million. Following delivery, which is expected to be during the second quarter of 2018 once the existing charter terminates…
Damen embarks on a new voyage with cruise newbuildingThe cruise market is experiencing a period of success. The segment has been growing by around 6.7 percent annually for some time now and with strong growth for seen in some markets – notably…
Diana Containerships Inc. said it has signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to sell Panamax containerships m/v Sagitta and the m/v Centaurus for $12.3 million each. The 2010-built vessels are scheduled to be delivered to the buyer…
Trade infrastructure development to diversify Panama’s economy and DP World’s international experience in over 40 countries were at the centre of discussions held in Dubai yesterday between the global trade enabler’s Group Chairman and CEO Sultan…
Multratug 32, the first new CARROUSEL RAVE TUG (CRT) was delivered to its owner, Novatug B.V. of the Netherlands in February 2018. Multraship B.V. of the Netherlands will be the operator of the new CRT. Multraship and Novatug both belong to the Muller Maritime Group…
The CMA CGM Group announced it is reinforcing its offer, starting April 4, 2018, between Asia, Mexico and the west coast of South America in a partnership with COSCO and Evergreen. With three weekly and complementary services to those already operated by the CMA CGM Group…
Golar LNG Partners announced that it had entered into an agreement to acquire an equity interest in FLNG Hilli Episeyo last year. Equivalent to 50% of the two contracted liquefaction trains, out of a total of four, the common units also…
Voyager Maritime Alliance Group (VMAG) has completed a customized Auto Pilot, Rudder and Steering Stick integration system, on a 48ft trawler, M/Y Bavaria.David Leone, President of Voyager Maritime Alliance Group (VMAG), commented, “Like most equipment…
Ocean Yield ASA announced that the Company has agreed to acquire five modern handysize dry bulk vessels with 10 -year bareboat charters to companies owned and guaranteed by Interlink Maritime Corp. The purchase price is approximately USD 75 million net of pre-paid charter hire…