Global Ports Investments PLC's container traffic slumped 31 percent and revenue sank 28 percent in 2015. Global Ports Investments' revenues fell to USD405.7 million in the year to the end of December. Net loss of the port operator in 2015 amounted to $33…
Hapag-Lloyd would become a member of the SDAX index of the Deutsche Börse, with its first day of trading on March 21, announced Deutsche Börse. The SDAX is a German Blue Chip Equity Index and contains 50 companies listed in the Prime Segment…
North Korea has lost contact with one of its submarines off the east coast of the country, CNN reports citing US officials. The U.S. is unsure whether the missing vessel is adrift at sea or has sunk, officials said. US spy satellites…
US-headquartered ship owner Genco Shipping & Trading Limited suffered a massive loss for 2015 just like the rest of the industry. However, the result represents a big improvement from the losses in 2014. Dry bulk carrier has managed to decrease its net loss to USD 49…
UK Shipping Minister Robert Goodwill MP has formally opened a new ‘Maritime Knowledge Hub’ in Wirral, UK, jointly operated by Mersey Maritime and Liverpool John Moores University. Operated jointly by sector development organisation Mersey Maritime and Liverpool John Moores University…
Staff at the Port of Grangemouth - one of the country’s biggest ports handling 150,000 containers each year - have voted for strike action over changes to conditions by employer Forth Ports, reports Daily Record. Workers at Scotland's largest…
Federal Maritime Commission (FMC) Commissioner William P. Doyle announced that Patrick W. Parsons will serve as his new Counsel. Parsons is a 2015 graduate of American University’s Washington College of Law. While in law school, he clerked…
U.K. Shipping Minister Robert Goodwill MP has welcomed the investment being made by Peel Ports during a March 10 visit to the company’s Liverpool2 container terminal. Upon opening later this year, Liverpool2 will become one of Europe’s most modern and advanced semi-automated terminals…
Carleen Lyden-Kluss, Co-Founder and Executive Director of North American Marine Environment Protection Association (NAMEPA) has announced that GMS (USA) recently joined NAMEPA as a new member. GMS (USA) will participate with other marine industry…
Thousands of migrants seeking refuge have lost their lives attempting to make their way across the Mediterranean Sea in overcrowded and unseaworthy boats. The United Nations estimates that as many as 850,000 refugees may attempt to make the trip between 2015 and 2016…
Cruise ship christening ceremony in the home port of Hamburg to highlight this year’s Hamburg Port Anniversary Young actress Emma Schweiger will christen AIDAprima, the new flagship of AIDA Cruises, as part of the 827th Hamburg Port Anniversary on May 7…
Beginning in 2016, qualifying graduates from the U.S. Coast Guard Academy now have the opportunity to obtain a domestic-only merchant mariner credential endorsement as a Master of Less Than 100 GRT, Near Coastal.“The Coast Guard Academy is…
The United States Coast Guard (USCG) has authorized classification society ClassNK to participate in its Alternate Compliance Program (ACP) in addition to granting the authorization to carry out statutory surveys for U.S.-flagged ships in 2011…
On March 11, Japan’s Council for Cultural Affairs submitted a report to the nation’s Minister of Education, Culture, Sports, Science and Technology recommending that the moored museum ship Hikawa Maru be designated as an Important Cultural Property…
Two new cruise vessels being built for USA based Seabourn Cruise Line will feature a broad assortment of Wärtsilä propulsion, electrical and automation solutions. The ships are to be built at the Fincantieri yard in Italy. The 'Seabourn Encore'…
