Mitsui O.S.K. Lines, Ltd., today announced that its group ship management company for dry bulkers, Magsaysay MOL Ship Management, Inc. has acquired certifications from Nihon Kaiji Kyokai, for Energy Management Systems (ISO50001*1) and Environmental Management Systems (ISO14001*2) on June 18…
Maersk Line has been named Global Carrier of the Year at the Containerization International Awards 2015. It also took home the Shippers’ Choice award, which is voted for by the global container shipping industry. Maersk Line was named Global…
China’s Ministry of Transport has fined 21 shipping companies operating on Sino-Japan routes have been fined for violating international regulations on fair competition. The accumulated amount of the fines totals in USD 684,000 (RMB 4.25 million)…
Wärtsilä has received an order for Hybrid Scrubber Systems to clean the exhaust emissions from three 2,500 TEU container vessels. The installation has been ordered by a major European owner and operator and will be carried out at the Jinhai Heavy Industry Co…
Poseidon Containers Holdings, a private equity backed containership operator with an initial fleet of 18 vessels, has filed for an initial public offering. It plans to raise $100 million, which is likely only a placeholder as Poseidon…
Moody's Investors Service has changed to stable from negative the outlook on the B2 corporate family rating (CFR), the B2-PD probability of default rating (PDR) and the Caa1 senior unsecured rating of Hapag-Lloyd AG. Concurrently, Moody's has…
The annual Terminal Operators Conference (TOC) in Europe was held June 9-11 in Rotterdam with over 4000 people attending the conference supply chain sessions, Tech TOC, Bulk TOC venues and exhibits. Alex Duca, head of design and automation for APM Terminals called for a sensor revolution…
United Nations' International Maritime Organization (IMO) adopted globally binding regulations for ships using liquefied natural gas (LNG) as fuel.The IMO has just adopted a new international code of safety for ships using gases or other low-flashpoint fuels – the so-called IGF Code…
Capital Product Partners (CPP) has taken delivery of a new panamax containership, which will commence a five-year timecharter to CMA CGM. It also has won a timecharter from Cargill, and another two have had their charters to Capital Maritime extended…
US-headquartered owner and operator of modern Very Large Gas Carriers (VLGC) Dorian LPG took delivery of the ECO VLGC Cougar from Hyundai Samho Heavy Industries. Cougar, Dorian LPG's fourth newbuilding delivery, will initially trade in the spot market through the Helios Pool…
The global macroeconomic scene has become more volatile, with prominent factors such as oil prices and global currencies causing a commotion. This is resulting in large-scale distributional changes of wealth and income that will impact global trade patterns in the long run if these changes stick…
In response to market demand, members of the G6 Alliance today announced service enhancements in the Asia – North America (Pacific Southwest) trade.Service EnhancementsCentral China 2 (CC2) Service – Additional Pusan callThe CC2 service will be upgraded to include a permanent Pusan call…
Sharjah-based ports operator Gulftainer has opened Canaveral Cargo Terminal at Port Canaveral in Florida in the US for business. Gulftainer, a subsidiary of UAE-based conglomerate Crescent Enterprises, said the opening comes one year after…
The International Association of Classifications Societies (IACS) has adopted new Unified Requirements that will further improve the safety of Large Container Ships by enhancing consistency between pre-existing Class Society provisions in this area…
The rapid expansion of container shipping capacity this year threatens to reverse the strong profitability ocean carriers showed in the first quarter, Drewry Shipping Consultants Ltd said. Carriers weathered a storm of low rates in the…
