CMA CGM has announced that a new direct EB call at Shanghai, the first container port in the world, is to be introduced on the rotation of its FAL 1 service ex-North Europe. Starting in Southampton on January 11th, 2016 with m/v CMA CGM KERGUELEN voy…
Press release - The North American Maritime Ministry Association is launching a new project aimed at enhancing the ability of traditional shore-based seafarers’ welfare agencies to connect with seafarers’ using innovative digital tools. Supported by The Mission to Seafarers…
A consortium of Japanese shipyards decided to sell its stake of Ecovix, which controls the Rio Grande Shipyard, reports Reuters. Mitsubishi Heavy Industries, four other shipbuilders said in October 2013 acquired 30% of Ecovix-Engevix Construcoes…
South Korea's big three shipbuilders are set to post over 8 trillion won (US$6.66 billion) in operating losses in 2015 because the industry has not found a way out of a prolonged slump, reports Yonhap. According to the industry data, the top three shipyards - Hyundai Heavy Industries Co…
The Shanghai International Shipping Institute (SISI) predicts a surge in bankruptcies within China's dry bulk shipping industry, Reuters reports. The overall business climate in China continues to deteriorate and dry bulk shipping companies…
After a quiet holiday period, the market has slowly awakened from its slumber, says the weekly report by Fearnleys A.S. Rates are not running away but the market looks like it is finding a bottom. Averages for a Surpa are now around mid $4…
A super year for the VLCCs behind us which ended at earnings Meg/East close to $100k/day, says Fearnleys Week. The new year has started somewhat slower and rates ex Meg are off the peaks, but earnings remain very healthy. Continued interest…
Adani Group turns its flagship port and India’s biggest commercial port at Mundra in Gujarat into a regional transhipment hub by partnering with Terminal Investment Ltd SA, the container terminal operating company majority owned by Geneva-based Mediterranean Shipping Co…
Maritime Administration announced funding availability for small U.S. shipyards; grants aim to help yards modernize and improve efficiency The U.S. Department of Transportation’s Maritime Administration (MARAD) today announced the availability of $4…
Marine and subsea recruitment firm etpm is kicking off the New Year with the launch of its charity fundraiser, The Super Saturday campaign, which revolves around the RBS Six Nations Rugby Tournament and encourages a bit of healthy competition…
Clarksons Port Services (CPS) Aberdeen was recently presented with a plaque by the RNLI in recognition of its incredible fundtaising on behalf of the Aberdeen Lifeboat Station. Over the past few years, CPS has managed to raise £25,000…
European Shipowners may increase freight rates or renegotiate bunker clauses in the coming year in order to capitalise on lower crude oil prices and consolidate the recovery seen in 2015, reports ICIS. Bunker fuel prices came down significantly…
John Iain Barrowman, Vice President - High-Horsepower Operations and a senior director of Cummins Ltd., has been awarded a Member of the Order of the British Empire (MBE) in the New Year 2016 Honors List in recognition of his contribution to British industry…
Star Bulk Carriers has entered into agreements to sell four newbuilding Capesize vessels to unaffiliated third parties for an aggregate gross price of $148mln. The vessels are currently under construction in China at Shanghai Waigaoqiao Shipbuilding…
Global economy: menacing clouds in the sky cast a shadow on global economic developments 2015 never really took off, even though the global economic activity looked stronger earlier in the year. The negative indicators seen at the end of 2014 were not overcome…
