Recognized for a third time in a row, Al Sharqi Shippping is awarded yet another year as a top customer for CMA CGM Logistics service provider Al Sharqi Shipping informs it has been recognized yet again as one of container shipper CMA CGM’s top customers for 2015…
Inchcape Shipping Services (ISS) has been awarded the NYK Liner agency in Australia. Part of the Nippon Yusen Kabushiki Kaisha Group, one of the world’s leading transportation companies, NYK Line container services has appointed ISS to represent…
The United States urged all parties to avoid provocative statements or actions after an arbitration court ruled on Tuesday that China has no historic title over the waters of the South China Sea. 'The decision today by the Tribunal in…
Global oil and shipping markets reacted nervously on Tuesday after an international arbitration court ruled against Beijing's claims across large swathes of the South China Sea, fuelling geopolitical tensions in the vital waterway. A tribunal in The Hague…
Vard Holdings Limited's subsidiary Vard Electro AS has secured a contract for the delivery of an engineering and electrical installation package for U.K.’s new $290 million polar research vessel under construction for the Natural Environment Research Council (NERC)…
OEM Group has secured a two-year contract worth up to £1 million with Go Marine to deliver engine support services to its fleet of vessels operating across the world for the oil and gas industry. Under the global technical support and services agreement…
Global Maritime Consultancy & Engineering has signed a contract with leading offshore wind developer Deepwater Wind to provide marine warranty services for the Block Island Wind Farm, America’s first offshore wind farm. Services that will…
Q88 LLC introduced a global support program that coordinates quick response and expert consultation for chemical spills/incidents and medical emergencies occurring onboard vessels at sea.Known as Q88 Response Center, the new program leverages the resources of Spill Center…
Moody's Investors Service confirmed the ratings of Teekay Corporation ('Teekay', or 'Parent'): Corporate Family Rating ('CFR') at B3 and senior unsecured debt rating at Caa1. Concurrently, Moody's upgraded the Speculative Grade Liquidity rating to SGL-3 (adequate)…
Vessel traffic on the Neches River is restricted as a result of a shrimp boat that sank Monday morning.At approximately 3 a.m., the Captain Kevin sank in the Neches River, causing oil sheen and one minor injury.The vessel is currently…
India’s position to 35th rank in the latest bi-annual World Bank Logistics Performance Index (LPI) report will open many corridors of opportunities as industry will witness swift growth in international as well as inter-state freights, an effect…
Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, revealed its continuing efforts in organizing anchorage of maritime crafts across Dubai waters…
With the strong commitment to provide seamless services to the customers as India’s prime facilitator of international trade, Jawaharlal Nehru Port Trust (JNPT), in the last one year, has focussed on ‘Ease of Doing Business’ says a report in the Hindu…
With implied volatility in the Capesize sector being historically higher than that of the Panamax, this note observes and highlights their behavioral patterns (via the spread) after an expiry, says Freight Investor Services. Current Capesize Q4 implied volatility is at 103…
Paragon Shipping Inc is at cyclical lows, as the entire drybulk shipping sector has suffered and, along with the container and LNG sectors. Michael Bodouroglou, Founder, Chairman and Chief Executive Officer of Paragon Shipping Inc. has…
