The global port operator DP World's UAE Region has been recognised for its efforts to create a more efficient and sustainable supply chain when it was awarded the Supply Chain Sustainability Award at this year’s Gulf Petrochemicals and Chemicals Association (GPCA) Supply Chain Conference…
Hong Kong-based dry bulk shipping company Pacific Basin Shipping Limited has closed a new USD 115 million 7-year reducing revolving credit facility secured over 10 of the Company’s owned ships.The new facility is supported by a syndicate of three leading international banks…
UK port operator Peel Ports has revealed its plans for the major port and industrial centre at Hunterston, one of Scotland’s most important development sites comprising a 300-acre brownfield footprint, deepwater, and rail connections.It is calling…
The Very Large Gas Carrier (VLGC) freight rates started to recover towards the end of the first quarter as U.S. consumption reverted to seasonally lower levels pushing U.S. LPG prices down, widening the geographical LPG price arbitrage between the U…
Norway-based private cruise line SeaDream Yacht Club has released new details on its upcoming cruise ship, the SeaDream Innovation, which will incorporate a number of environmentally friendly design features.The company claims that SeaDream…
French container transportation and shipping company CMA CGM has announced the launch of a Reefer Pharma division that will focus on the temperature-controlled transportation of pharmaceutical products.'For more than 40 years, preserving the…
The trade between Europe and Central America, Caribbean and South America West Coast has always been a key element in the container liner shipping line Hamburg Süd’s global network of liner services.In cooperation with Maersk, Hamburg Süd will…
The world's principal shipping organisation, representing around 80% of the world’s merchant tonnage, International Chamber of Shipping (ICS) remains confident that shipping will improve its carbon efficiency by at least 40% by 2030 compared to 2008…
London's marine insurance market has extended the list of waters deemed high risk to include Oman, the United Arab Emirates and the Gulf after ship attacks off Fujairah, officials said on Friday, in a move that could push up premiums.The London…
SQLearn announced its collaboration with tEuronav, providing e-learning courses from its Dolphin Library and Dolphin System for the EURONAV Ship Management Hellas & SAS operating fleet of 52 vessels.SQLearn’s Dolphin Library is consisted of…
Denis Petropoulos has been elected Chairman of the Baltic Exchange Council with effect from June 1, 2019. He replaces Duncan Dunn who has held the position since January 2018. Denis Petropoulos was a founding partner of Braemar Tankers Ltd and…
Mystic Cruises opted to implement the Adonis Maritime Suite to manage recruitment, crewing, payroll and crew self-service across their entire new fleet of Expedition Cruise vessels. Mystic will launch their first ocean ship, the 'MS World Explorer…
Palau International Ship Registry (PISR) reports it has recorded a zero percentage detention record with the United States Coast Guard (USCG) in the latest figures issued for 2016-2018 Port State Control examinations.The USCG targets flags for…
A senior official of China's ruling Communist Party said the trade dispute with the U.S. could reduce China's growth pace this year by as much as 1 percentage point, the South China Morning Post reported on Friday, citing an unnamed source.The paper said Wang Yang…
Danish tanker shipping company Maersk Product Tankers has just entered a sale-and-leaseback agreement for four medium range (MR) vessels with the Chinese bank, Industrial and Commercial Bank of China (ICBC).The four ships were built in 2015…
