October container volumes were down 6.2 percent at the Port of Long Beach compared to the same month last year, as the fallout from the Hanjin bankruptcy continues to settle.According to the port, a total of 581,808 twenty-foot equivalent units (TEUs) moved through docks last month…
Hunter Maritime Acquisition Corp. announced the commencement of its initial public offering of 15,000,000 units at a price of $10.00 per unit. Each unit consists of one Class A common share of the company and one-half of one warrant, each whole…
Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, has announced the signing of an agreement with DNV GL today at the DNV GL National Committee…
Engineering firm Hy-Dynamix has teamed up with Dynamic Load Monitoring (UK) Ltd (DLM) to build new wireless reporting technology into its portable container weighing solution, the Hy-Weigh. The four-corner hydraulic jack system, launched in May…
A/S Dan-Bunkering Ltd. has announced the employment of Bunker Trader Frederik Moser as per September 12, 2016 at the head office in Middelfart, Denmark.Before joining Dan-Bunkering, Moser studied i.a. economics and has also gained knowledge from the bunker industry…
German container shipping group Hapag-Lloyd reported a rise in third-quarter net profit and said it would press ahead with cut costs and seek economies of scale to cope with the worst downturn the industry has ever seen.Net profit at the Hamburg-based firm came to 8…
Québec Associate Secretary General of Maritime Affairs Georges Farrah will examine the Canadian Province's $9 billion maritime strategy as well as its partnership with Indiana during a special presentation at the Indiana Logistics Summit taking place Nov…
The shipping industry faces a stormy road to recovery, with uneven supply/demand trends set to test the nerve of investors and operators, according to independent research and consultancy firm Maritime Strategies International (MSI).Addressing the Hansa Forum in Hamburg…
Despite a dip in revenues during the third quarter and first nine months of 2016, Finland-based shipper Finnlines Group was able to improve profits for both bother periods by cutting expenses.The group’s €60.9 million result for January…
Bank of Ireland said it is winding down its shipping business, joining other banks looking to cut non-core lending and exposure to an industry suffering its worst downturn. Many European banks are already bogged down by a sluggish economy…
Intellian Technologies, Inc. announced an initial public offering of 1,450,000 common shares via the KOSDAQ, at an initial price of $17.27 per share. The initial public offering will result in roughly $26m in raised capital and a total market capitalization for the company of just below $124m…
Woodfibre LNG, Canada's first liquefied natural gas export project, will be a 'nice-to-have' fillip for the country's gas producers but does not signal the start of a west coast LNG boom, industry watchers said on Monday. Privately held…
The latest Container Shipping Forecaster from Maritime Strategies International highlights the contrasting fortunes of liner operators and tonnage providers. The entire container shipping industry remains under significant pressure. Whilst…
Bullying, micro-management of his activities and the threat of going to jail while doing his job, remain major pressures for the Masters of merchant ships - and the situation is getting worse.‘Masters Under Attack – Authority and Responsibility…
North P&I Club is continuing its drive to highlight the range of cyber threats facing shipowners through active support of the new international ‘Be Cyber Aware At Sea’ campaign. The campaign is a global maritime and offshore industry initiative…
