European Union leaders called on Friday for a temporary exemption from U.S. import duties on steel and aluminium to be made permanent, saying they reserved the right to respond in an 'in a proportionate manner' to protect the bloc's interests…
China's commerce ministry said on Friday that it may impose additional tariffs on up to $3 billion of U.S. imports in response to U.S. tariffs on Chinese steel and aluminum products.The ministry said it was considering implementing measures in two stages: first…
Chinese buyers of soybeans, the United States' biggest agricultural export to the country, are quietly drawing up contingency plans to ensure supplies of critical raw materials in the event of a trade war, sources said. The moves are the…
Greece concluded the sale of 67 percent stake in Thessaloniki port, the country's second-largest, to a German-led consortium, its privatisations agency (HRADF) said on Friday.Deutsche Invest and its partners, France's Terminal Link SAS and Cyprus-based Belterra Investments…
Cepsa presented in the Port of Huelva the first multi-product marine fuel supply vessel in southern Europe. The vessel, based in the port of Huelva, will provide ship to ship Liquefied Natural Gas (LNG), in addition to traditional fuels: fuel oils and diesel…
The biggest cargo shipping company in Israel ZIM Integrated Shipping Services (ZIM) has posted adjusted net profit of $50 million in 2017, compared to adjusted net loss of $150 million in 2016. The net Profit was $11 million, compared to…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v New Orleans. The gross charter rate is $21…
Norwegian Offshore service provider Oceanteam said that in order to mitigate against further repercussion against the company and to diffuse the misinformation that is circulating currently, Chairman of the Board Hessel Halbesma offered his…
The Trump administration's planned steel tariffs and a potential trade battle with China could hurt U.S. liquefied natural gas companies just as a new wave of developments in the fast-growing market is gaining steam, company executives say. China is the fastest growing major buyer of LNG…
2018 is set to be a recordbreaking year for new cruise ships, with just about every major cruise line due to launch a new ship during the course of the next 12 months. The four leading cruise companies – Carnival, Royal Caribbean, Norwegian…
North P&I Club sponsored the Northern Stage’s production of ‘The Last Ship’, and support Newcastle’s vibrant culture and maritime connections. ‘The Last Ship’ tells a powerful story of community and social history, centring upon the demise…
Digitization without integration in the world of global shipping is a sure recipe for failure. While most shipping companies would say that they have embraced the digital world, there are differing degrees of digitization. Some companies…
Tuomo Valkonen, M.Sc. (Econ), has been appointed as the new Chief Financial Officer (CFO), Evac Group, effective as of May 1, 2018. He will be based in Espoo, Finland, and report to Tomi Gardemeister, President and CEO of Evac Group. Valkonen…
Rear Adm. Michael Alfultis, president of SUNY Maritime College, and Cmdr. H.C.G. Danopoulos Evangelos, of the National Merchant Maritime Academy of Hydra, Greece, recently signed a memorandum of agreement to establish an articulation agreement between the two maritime institutions…
The ocean freight industry has seen several major incidents over the past few weeks, including two fires on board two separate Maersk vessels, and a containership collision in Karachi Port that forced the temporary closure of the port. These…
