The Port of Virginia tallied the most productive August in its history, moving 240,605 twenty-foot equivalent units (TEUs), a 2.2 percent increase when compared with the same month last year. “As construction progresses at VIG (Virginia…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, touched a near three-year high on Monday, supported by higher rates across all vessel segments. The overall index, which factors in rates for capesize…
If you’ve been working in the marine insurance industry lately, you will have heard about “blockchain” at some point; it is the electronic, distributed ledger, notoriously known for enabling the use of cryptocurrencies such as Bitcoin and Ether…
Concordia Maritime signed a contract to charter out the P-MAX tanker Stena Provence. The contract is for one year, with an option for a further year, and runs from mid-September 2017. The contractual partner is one of the world’s largest oil and gas companies…
Vard Holdings Limited said it won a contract for the design and construction of an expedition cruise vessel for Coral Expeditions of Australia.Newly developed by Vard Design in Norway in cooperation with the customer, the vessel is specially…
As the marine industry moves towards the incorporation of digital, connected solutions onboard ships, Lloyd’s Register (LR) released Type Approval Requirements for components within Cyber Enabled Systems on board Ships. According to LR, introduction of this type approval procedure is important…
To help maritime operators ensure that crew are training and performing at their peak, KVH Industries, Inc. introduced Videotel Performance Manager. The scope of the Videotel Performance Manager combines the range of training content from Videotel…
Transas Chief Executive Frank Coles won ‘gold’ in the Most Influential People of the Year category of the 2017 Golden Bridge Business and Innovations Awards, an award which acknowledges his ability to communicate his vision for the maritime industry in the digital age…
Technological advancement for modernization of major ports and reforms for enhancing ease of doing business are driving and sustaining the growth trend line at India’s major ports. The country’s 12 major ports together handled 273.96 Million Tonnes of cargo between April to August…
The Piraeus Port Authority (PPA) SA has announced the completion of a tender and finalization of a contract with Cosco SH (Dalian) Shipyard for the purchase of a new floating repair dock, an initiative that the port's management has pursued over the past year…
Swiss Climate EcoCare is the first native German Company to enter a strategic agreement with the Liberian Registry with regards to the emissions guidelines, referring to EU-MRV and IMO DCS. Swiss Climate is a longtime expert in emission related topics…
Braemar Shipping Services plc announced the conditional acquisition of the entire issued share capital of NAVES Corporate Finance GmbH. Braemar is a leading international provider of broking, consultancy, technical and other services to the shipping…
Following on from the electrification of heavy duty mobility in the form of cars, buses, automated guided vehicles and tractor units, VDL Groep intends to continue help reducing the emissions from means of transport. The family-owned international…
Mitsui O.S.K. Lines (MOL) has announced that the in-house training program 'One MOL Global Management College was launched on September 4. One MOL Global Management College started in 2014 with the aim to improve management skills in a cross…
Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with DHL Project & Chartering Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Ismene. The gross charter rate is US$12…
