Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hudson Shipping Lines Incorporated for one of its Panamax dry bulk vessels, the m/v Thetis.According to the global shipping…
Marshall Islands-based Global Ship Lease (GSL) announced that it has completed the proposed merger deal with Greece's Poseidon Containers.According to a release from GSL, the combined company will have a fleet of 38 vessels with a total capacity of 198…
Maritime traffic has resumed in Kuwait's Sheweikh and AL-Doha ports after a temporary closure due to bad weather, but Shuaiba port remains closed, Kuwait's Port Authority said on Thursday, Kuwait News Agency (KUNA) reported.Poor weather and heavy rains closed all three ports on Wednesday…
The National Transportation Safety Board announced Thursday its intent to hold a board meeting, Dec. 11, 2018, to determine the probable cause of the Jan. 14, 2018, fire aboard the passenger vessel Island Lady, in the waters of the Pithlachascotee River near Port Richey…
The Federal Maritime Commission voted to take no action to prevent amendments to the West Coast MTO Agreement (WCMTOA) related to 'PierPass' from becoming effective.Under the terms of the updated agreement (FMC Agreement No. 201143), WCMTOA…
The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, snapped its 12-day losing streak on Thursday, powered by a rise in demand for capesize vessels.The overall index, which factors in rates for capesize…
TRAC Intermodal announced that it has completed its acquisition of assets relating to the tire services division of Core Fleet, Inc. The acquisition will allow TRAC Intermodal, through its newly formed subsidiary, TRAC Tire Services LLC, to provide tire wholesale…
At the beginning of November, two Liebherr mobile harbor cranes type LHM 600 arrived at Yilport’s recently acquired terminal in Guatemala. An option on two more LHM 600 underlines the forthcoming strategic partnership between Liebherr and Yilport…
The Port of Los Angeles processed 952,554 Twenty-Foot Equivalent Units (TEUs) in October 2018, a 27.2 percent increase compared to October 2017. It was the most cargo handled in a single month in the Port’s 111-year history, eclipsing the November 2017 record of 924…
KVH Industries announced that Brent Bruun has expanded his responsibilities as chief operating officer, and Mark Woodhead has been named executive vice president of mobile connectivity. The promotions leverage the business and maritime industry experience of the two leaders…
The Port of New Orleans (Port NOLA) has welcomed the largest cruise ship in both length and passenger occupancy to ever sail from the Crescent City when the Norwegian Breakaway homeported at the Julia Street Cruise Terminal for its inaugural cruise Nov…
As many as 20 LNG tankers floating in Asian waters; most off Singapore. The last time tankers used for storage was in 2014.Tankers storing liquefied natural gas (LNG) in Asian waters have more than doubled in number since late October as traders…
Global container trade continued to lose momentum in Q3 2018, with growth down to around 2.7% compared to Q3 2017, said A.P. Moller - Maersk in its Q3 interim report.Year-to-date, global container trade has increased by 4.2% compared with the same period last year…
The Oslo-based feeder tonnage owner MPC Container Ships has committed to buy exhaust gas cleaning systems (scrubbers) for five of its ships, with an option to buy ten times as many additional scrubber systems.Under the agreement, the scrubbers…
South Korea's largest shipping firm by sales Hyundai Merchant Marine (HMM) said that its operating loss in the third quarter increased to 123.1 billion won (US$108.65 million) from 29.5 billion won in the same period last year.According to the company…
