The German shipping line Hapag-Lloyd posted an operating profit of €366m ($406m) in 2015 compared with a loss of €382m a year earlier. The ocean carrier, which merged with the container arm of Chile’s CSAV in late 2014, reported revenue of $9…
The Sustainable Shipping Initiative (SSI) is calling on the wider industry to embrace new finance models to fund clean tech upgrades and back calls for a new international framework for tackling shipping emissions. SSI has announced the…
A runaway container vessel which was involved in a hit and run accident with two other vessels was seized by the Malaysia Maritime Enforcement Agency (MMEA) DM 7 Tanjung Sedili District in the waters of Tanjung Ramunia. The accident, which…
The feud among the scions of late billionaire Evergreen Group founder Chang Yung-fa's family boiled to the surface, reports local Taiwanese media. The struggle between the heirs to Evergreen Group has escalated as the three older brothers…
Satellite images show China may be installing a high-frequency radar system in the Spratly Islands that could significantly boost its ability control the disputed South China Sea, a U.S. think tank reported on Monday. The Asian Maritime…
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families, announced that it has kicked off its 2016 scholarship season. Accepting applications until March 15th, children…
Traditionally, Italy’s location and coastal development have continued to ensure the country a flow of income from its role as a strategic European hub in what has come to be known as the new “maritime century.” The country boasts of having the largest ferry fleet…
The U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) is seeking nominations for the newly-created Port Performance Freight Statistics Working Group. The working group, mandated by the Fixing America’s Surface Transportation (FAST) Act…
Cathelco have submitted a Letter of Intent to the U.S. Coast Guard verifying readiness to begin testing their ballast water treatment (BWT) system for Type Approval.The tests will be carried out under FDA/CMFDA methodology where life forms are judged as living/dead…
The International Maritime Rescue Federation (IMRF) is to strengthen the capacity and effectiveness of the Hellenic Rescue Team (HRT), an IMRF member organization which is constantly rescuing migrants in the Aegean Sea. The IMRF will do this…
Subsea Global Solutions (SGS) has acquired the assets and personnel of Sea Sub Systems, an underwater vessel repair services company based in Tampa, Fla.The Tampa office, including all staff and equipment, will be rebranded Subsea Global Solutions…
North P&I Club is stronger after its annual renewal on February 20, 2016, further consolidating its position as one of the leading members of the International Group of P&I Clubs. According to chairman Pratap Shirke, ‘As part of North's ongoing strategy to refine its membership…
Tanker shipping freight rates are expected to remain firm in the first few months of 2016, but with the influx of tonnage these rates are expected to soften towards the end of the year, according to the latest edition of the Tanker Forecaster…
Tor E. Svensen, Group Executive Vice President at DNV GL, has decided to retire effective from August 1, 2016. Svensen is a ubiquitous figure in maritime circles, and he will continue to work in the maritime industry and will, amongst other things…
The new deeper Suez Canal will be a beneficiary of the ‘One Belt One Road’ initiative taken by China’s leader Xi Jinping, especially when it comes to the opening up of the Iranian market following the lifting of international sanctions and the moving into importance of the Indian refinery markets…
