Softening demand growth coupled with larger liner shipping alliances and bigger ships is moving the container ports industry towards a value sector from growth sector, albeit still highly profitable, according to the Global Container Terminal…
Dogged detective work and attention to detail by the UK Coastguard has led to a broken down yacht being rescued.The call came in from the stricken vessel to the Coastguard Operations Centre at Humber at around 8.40pm today (31st July).It…
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has received a 200 billion won (US$179.2 million) order to build two oil tankers for Singapore-based oil and gas transporter BW Group. According to Yonhap, DSME will provide the oil and gas transporter two 318…
International Shipholding Corporation (ISHC) and certain of its subsidiaries have each filed voluntary petitions for relief under Chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of New York…
To exploit the potential of India’s approximately 7,500 km long coastline and 14,500km of potentially navigable waterways the Sagarmala Programme aims to promote port-led development in the country, says the government of India. Sagarmala is a long term programme…
Carnival Cruise Line has announced that their next and 26th cruise ship in the fleet will be called Carnival Horizon. The 133,500-ton 3,936-passenger ship is currently under construction in the Fincantieri shipyard in Italy. The Carnival…
The Arleigh Burke-class guided-missile destroyer USS Carney (DDG 64) aided in the rescue of 97 migrants adrift in the Mediterranean Sea, July 29. Carney is forward deployed to Rota, Spain, and is conducting a routine patrol in the U.S. 6th Fleet area of operations in support of U…
CMA CGM is revamping it MGE service becoming the MED AMERICAS, stand-alone CMA CGM service with dedicated fleet of 11 vessels of 2,500 TEU, in a continuous effort to improve service coverage, frequency and reliability. Starting with m/v POMERENIA SKY voy…
An International Maritime Organization (IMO)-led workshop in Maputo, Mozambique is supporting countries in south-eastern Africa in implementing the STCW (Standards of Training, Certification and Watchkeeping ) Convention, which establishes international standards for training…
Two years after the approval at the 103rd International Labor Conference (ILC), the Amendments to the Code of the Maritime Labor Convention (MLC, 2006), adopted in 2014, have been confirmed will enter into force on January 18, 2017.The now…
Samskip recently added 200 brand new 40ft high cube reefer containers to its fleet, further enhancing its capability to ship temperature-controlled or perishable goods between the North Atlantic and the rest of the world. Equipped with the…
Kate Hollis, Senior Claims Executive at TT Club in Sydney, discusses the risks faced by licensed customs brokers and mitigation steps to take. As the international trade regulatory landscape continues to change and the commercial environment becomes increasingly competitive…
Orion Leader, a car carrier operated by NYK, rescued a sailor from a sailing yacht in distress on July 3 off the coast of Mexico.Orion Leader was sailing from Honolulu, Hawaii, to Lazaro Cardenas, Mexico, on July 3, when the ship received a distress call from the U…
In contrast to the substantial numbers of reported incidents across Southeast Asia and the Indian Ocean in recent years, maritime crime now appears to have stabilised in these regions according to the latest Q2 maritime crime statistics released by Dryad Maritime today…
Announcing its financial results today for the three and six months ended June 30, 2016 Gener8 Maritime, Inc. reported net income of $38.0 million, or $0.46 basic and diluted earnings per share, for the three months ended June 30, 2016, a 91% increase compared to $19…
