CMA CGM will increase rates US$900 per TEU from all Asian ports to the Mediterranean including the Black Sea and North Africa - and EUR800 (US$892.93) per TEU to Syria from March 1. The Frech shipping giant will also increase rates US$250…
The world’s largest container shipping company Maersk Line said that it will increase the rate from north Europe to west central Asia by US$100 per TEU, $150 per FEU and 40-foot high cube from March 1. This will apply to shipments from Finland…
Norwegian firm Statoil ASA is ending its rig contract for the Maersk Gallant six months early. The jack up rig has been on contract with Statoil for two years, since 21 August 2014, and since 9 October it has been sub-chartered to ConocoPhillips…
Paris-based consultancy, Alphaliner, reports “a new mega alliance appears to be in the making,” as French container shipping major CMA CGM and its Chinese counterpart China COSCO lead efforts to set up a new carrier partnership. (Marine Link has reported about this last week…
The Greek privatization fund TAIPED formally accepted the binding bid submitted by Cosco Pacific for the majority stake in Piraeus Port Authority (OLP), while the port company’s stock posted a significant increase on the Athens bourse in response…
Hapag-Lloyd has announced it has signed a cooperation agreement with XVELA’s Oakland based partner company XVELA to pilot test the new XVELA platform. With Cargotec in the process of acquiring the CAPSTAN stowage planning software used by Hapag-Lloyd…
Inna Kuznetsova has been promoted to President and Chief Operating Officer of INTTRA, the world's ocean shipping electronic marketplace. Since joining INTTRA in 2015, Kuznetsova has served as President of INTTRA Marketplace, the company's core business…
Commercial summer shipping across the North Pole may be possible by the end of the century, with the first potential crossings feasible for ice-strengthened ships around 2040. According to this study, by scientists at the National Oceanography Centre (NOC)…
Rope and Sling Specialists Ltd has held the first in a series of in-house training courses aimed at further enhancing customer service through product knowledge. Eleven employees took part in the one-day course, which took place earlier…
Dan-Bunkering (America) Inc. announced that Joseph Barry has been employed as Bunker Trader/Offshore Specialist as of January 4, 2016. Joseph Barry is originally from Ireland, and possesses extensive knowledge about the offshore oil and energy sector by virtue of his education and previous job…
KPI Bridge Oil, a global trader and broker in marine fuels, marine lubricants and risk management products, has appointed Marialena Papatheodorou as Chief Accountant at its Athens office.Papatheodorou joins KPI Bridge Oil group from a shipping…
Veritas Petroleum Services (VPS) and DNV GL have launched a new Fuel Analytics solution. As part of DNV GL’s ECO Insight fleet performance management portal, the tool will enable a systematic assessment of the impact of fuel quality on vessel performance…
The tanker company Norstar is setting up a new Commercial Management joint venture based in Westport Connecticut USA named Norstar Chartering (USA) LLC. The new entity is a collaboration between brothers Chris and Tom Bonehill, principals…
In a low oil price environment it is more important than ever for collaboration between disciplines to deliver value, as well as inspiring the next generation of geoscientists and engineers. Members of Statoil’s Aberdeen team are set to…
The National Marine Manufacturers Association (NMMA) has presented the 13th consecutive annual Customer Satisfaction Index (CSI) award to Volvo Penta for its gasoline sterndrive engines. The CSI awards, presented at the Miami International Boat Show Feb…
