Xeneta’s global community of shippers is reeling from the impact of the demise of Hanjin Shipping, the world’s seventh largest containership operator. Xeneta crowd-sources shipping rate data from more than 600 major international businesses…
Dan-Bunkering (America) Inc. has announced that effective from September 216, 2016, the office in Stamford, CT, has moved into new premises. The office in Stamford, CT, was established at the beginning of 2015 and is currently staffed…
At the Georgia Ports Authority board meeting Monday, Executive Director Griff Lynch reported the GPA achieved an August record of 330,846 twenty-foot equivalent container units, a robust increase of 5 percent compared to August 2015. 'August…
Container volumes from North Europe and the Mediterranean to the East Coast of South America have now fallen in 26 of the previous 28 months, with the latest statistics from Datamar showing that shipments fell by 8% year-on-year in July.It…
Inmarsat will commemorate the untimely passing earlier this year of one of the architects of its Maritime Safety Operations network by sponsoring the first International Maritime Rescue Federation (IMRF) H.E.R.O. Award for outstanding service to maritime search and rescue…
Matson, Inc. announced the issuance of $200 million in privately placed 15-year final maturity senior unsecured notes pursuant to a previously announced commitment letter on July 18, 2016. The notes will have a weighted average life of approximately 8…
Ivory Coast has awarded a project to upgrade its second port of San Pedro to global shipping giant Mediterranean Shipping Company (MSC) and the Bilal Group, a government spokesman said on Wednesday. Speaking after a cabinet meeting in the commercial capital Abidjan…
At a signing ceremony at the SMM 2016 Marine Trade Fair in Hamburg, MAN Diesel & Turbo expanded its partnership with Mercy Ships, international provider of charitable healthcare.Under the terms of the agreement, MAN Diesel & Turbo’s after-sales division…
Seaspan Corp chairman and ceo Gerry Wang has described the bankruptcy of South Korea’s biggest container line Hanjin Shipping Co as the industry’s equivalent of the Lehman Brothers collapse that triggered the global financial crisis, reports Bloomberg…
India’s biggest shipbuilder under state control, Cochin Shipyard Ltd (CSL) is looking to file documents for its initial public offering (IPO) with the markets regulator by the end of this month, reports Live Mint. According to sources,…
Shipyards have become the next victim of the deteriorating conditions in the dry bulk, container and offshore markets as 2016 looks to set the record for the lowest newbuilding contracts in more than 20 years, according to international shipping…
Since 2004, well construction costs in the UK Continental Shelf (UKCS) have doubled, directly impacting drilling activity which is currently at an all-time low. However, collective industry efforts are already focusing in on how a reduction…
Variable Bore Rams Inc. (VBR), one of the largest original equipment manufacturer (OEM) ram and BOP component providers in the world, is lending support to communities in the southern Louisiana disaster zone in the wake of recent flooding. President of VBR…
A U.S. judge said on Friday he will grant Hanjin Shipping Co Ltd provisional protection from creditors in the United States, enabling some vessels to dock and unload at U.S. ports. South Korea's Hanjin asked U.S. Bankruptcy Judge John Sherwood…
Global oil and shipping group Monjasa said it has consolidated its physical operations in North Western Europe and in particular in the world’s second busiest waterway, the English Channel. Over the past year, Monjasa has established exclusive…
