Cash-strapped shipbuilder Triyards Holdings Limited has received a termination notice for a chemical tanker design and construction deal. The Singapore-based yard group said after Thursday trading hours that its subsidiary Saigon offshore…
United Arab Emirates-based maritime conglomerate DP World has announced that Ethiopia will become a shareholder of the Port of Berbera in Somaliland, a crucial site for Middle Eastern trade, strategically located along the oil route. As the biggest shareholder of the port of Berbera…
Diana Containerships announced that it has signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to sell to an unaffiliated third party the m/v Sagitta and the m/v Centaurus, each a 2010 built containership for $12…
UK-based containership charter owner Global Ship Lease announced that it has agreed to acquire a 2005-built, 2,800 TEU containership for a purchase price of USD 11.3 million. Following delivery, which is expected to be during the second quarter of 2018 once the existing charter terminates…
Just a day prior to the South Carolina Ports Authority's celebration of the beginning of Charleston Harbor Deepening Project construction, the port welcomed two new ship-to-shore cranes at the Wando Welch Terminal to further enhance the handling of neo-Panamax vessels…
U.S. President Donald Trump announced on Thursday he would impose tariffs of 25 percent on imported steel and 10 percent on aluminum, in a move the administration said would protect U.S. industry, but which critics said would fail to boost jobs and risked stoking a trade war with China…
U.S. President Donald Trump announced on Thursday he would impose tariffs of 25 percent on imported steel and 10 percent on aluminum, in a move the administration said would protect U.S. industry, but which critics said would fail to boost jobs and risked stoking a trade war with China…
Business interruption (BI) and cyber incidents interlink as the major threat for companies globally in 2018, according to the insight of 1,911 risk experts from 80 countries in the Allianz Risk Barometer 2018. However, for marine and shipping companies…
Damen embarks on a new voyage with cruise newbuildingThe cruise market is experiencing a period of success. The segment has been growing by around 6.7 percent annually for some time now and with strong growth for seen in some markets – notably…
The Port of Oakland said construction could begin this summer on the ports new landmark logistics campus, a complex the port considers to be the linchpin of its future – a distribution hub driving additional containerized cargo across Oakland docks According to the port…
Diana Containerships Inc. said it has signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to sell Panamax containerships m/v Sagitta and the m/v Centaurus for $12.3 million each. The 2010-built vessels are scheduled to be delivered to the buyer…
World Fuel Services (WFS) said it will supply fuel oil and marine diesel from a new physical marine fuel supply location in Port Manatee in Tampa, Fla. WFS said it will have two dual capacity tug and barge units to service the area and has also partnered with Vane Brothers…
Survitec appointed Mark Baines as Global Vice President, Cruise. Based in Survitec’s Miami office, he will build a dedicated sales and operations team focused solely on partnering with cruise clients to achieve their safety and equipment reliability objectives…
Equiom has appointed Geoff McCumesky to take on the position of Yachting Consultant, a new role created to meet the growing demands of Equiom’s multi-jurisdictional yachting and crewing services. The appointment comes as the Equiom yachting…
Dubai's state-owned DP World said on Thursday it had sold a 19 percent stake in Somaliland's Port of Berbera to the government of Ethiopia. The port operator said it would retain a 51 percent stake in the port and that Somaliland would retain 30 percent…
