Ship owners will need to act now to ensure they comply with new firefighting rules brought into force on January 1, 2016 for all new buildings warns WSS.New amendments to the safety of life at sea convention (SOLAS), which are now in force…
Xeneta, a benchmarking and market intelligence platform for containerized ocean freight, has used its data of global shipping rates to make a startling, and counterintuitive, claim – big volume shippers are not paying the best shipping rates…
KPI Bridge Oil, a leading global trader and broker in marine fuels, marine lubricants and risk management products, relocates Team Leader/Bunker Trader Michalis Manassakis to its Athens office with a promotion to Deputy Managing Director and Sales Manager…
In what sounds hauntingly like a Silicon Valley initiative, Mr. Ahmed Ali Mohammad Ahmed has been selected for the position of Happiness Manager at Drydocks World. While corporate leaders across the maritime sector routinely name the attraction…
Damen Shipyards Group has developed a committed response to the increasing number of laid up Platform Supply Vessels (PSVs) resulting from the current predicament facing the offshore oil and gas industry. The Dutch company’s solution involves…
DryShips an international owner of drybulk carriers and offshore support vessels, today announced that it has entered into an agreement to increase its secured revolving facility (“Revolver”) provided by an entity controlled by the Company’s Chairman and CEO…
On March 17, Hokuetsu Ushaka, a wood-chip carrier operated by NYK Line, rescued 14 people in distress off the Coast of Chile.While the NYK vessel was sailing from Japan to Chile in the South Pacific Ocean on March 16, the ship received an alert from a troubled raft…
Lokring Northern (UK), provider of advanced fluid and gas transfer connectors, is celebrating significant expansion and growth with several new appointments within the company. A recent restructure to accommodate this continued growth has…
At the United Nations in New York, the International Chamber of Shipping (ICS) is representing the interests of shipowners at the opening session of a UN Preparatory Committee starting work on a new legal instrument under the United Nations Convention on the Law of the Sea (UNCLOS)…
DP World Group Chairman and CEO HE Sultan Ahmed bin Sulayem recently met the President of France, Francois Hollande and senior government and business leaders at a major investment summit at the Élysée Palace in Paris.France’s attractiveness…
The first container ship belonging to Iran's IRISL docked at Antwerp after departure Homburg.According to MANA, a cargo ship belonging to Iran's IRISL docked at Antwerp as her second port, becoming the first Iranian ship to reach Europe after a hiatus of over six years…
Hyundai Merchant Marine (HMM), FESCO and CMA CGM announced the launch of a new China-Korea-Russia weekly service, under the name ‘CRS (China Russia South Service).’Prior to the launch, HMM has been jointly operating two services ‘KRS (Korea…
COSCO-PSA Terminal Pte Ltd (CPT), a joint venture company formed by Cosco Pacific Limited (Cosco Pacific) and PSA Corporation Limited (PSA), is investing in new container berths in Singapore capable of serving the next generation of mega container vessels…
Diana Shipping Inc has inked new time charters with Glencore Grain B.V., Rotterdam for two of its panamaxes at rates below the previous charters, with the contracts commencing on March 26. Diana entered into a time charter contract with Glencore for 74…
Cosco Pacific Ltd.'s 2015 net profit rose 30% from a year earlier on the back of a write back of a provision. It recommended a final dividend of 22.9 Hong Kong cents a share. The full-year net profit was US$381.6 million compared with US$292…
