Euronav NV (NYSE: EURN) this morning issued a release to set the record straight with investors, from its perspective, on current market conditions in the large tanker market. According to Euronav, despite the current capital market's predominantly negative sentiment…
BIMCO has now launched a new standard contract for ship managers to provide supervision services for shipbuilding and conversion projects. The contract, code named SUPERMAN, is a valuable new addition to BIMCO's existing suite of ship management agreements…
International engineering and project management consultancy Royal HaskoningDHV has announced a simplified organisation and management structure. As of 1 January 2016 the company has consolidated its activities into four Business Lines and four regions…
For the third year running, DP World is the top stock in the S&P/Hawkamah Pan Arab ESG Index.The index is the first ever of its kind in the Arab world and ranks the transparency and disclosure of regional listed companies based on Environmental…
The Sabine Pass liquefied natural gas (LNG) terminal will ship its first cargo later than initially thought, according to an announcement by Cheniere Energy Partners LP. The Houston-based company now forecasts that its first shipment will…
A shipwreck thought to date to the nineteenth century has been discovered in the Indian Ocean by the team searching for missing Malaysia Airlines flight MH370. The search for the plane, over an area of 46,000 square miles, is being directed…
Florida-based transportation giant CSX Corp. is planning a $272 million intermodal rail terminal in North Carolina serving the Raleigh region that it envisions as a major transportation hub to make the state’s ports more competitive. The…
Reuters reports that China's growing military presence in the South China Sea has drawn warnings from the United States that Beijing is seeking to exert control over one of the world's most important sea lanes, but so far the shipping industry seems less concerned…
Wartsila India, the Indian arm of Finland-based Wartsila Corporation, has signed a Memorandum of Understanding (MoU) with Cochin Shipyard Ltd (CSL) for setting up a containerised self-sufficient workshop. As per the MOU, Wartsila plans…
In June 2015 the IMO’s Maritime Safety Committee adopted Resolution MSC.393(95) and amendments to the International Maritime Solid Bulk Cargoes (IMSBC) Code. Administrations may choose to apply the amendments on a voluntary basis from 1 January 2016…
Hong Kong is to establish a new government body - Hong Kong Port and Maritime Board - this year that oversees the local maritime sector, in a bid to enhance the city’s shipping sector. Hong Kong's chief executive Leung Chun-ying in his…
North American Marine Environment Protection Association (NAMEPA) will hold its Environmental Intelligence in Shipping Conference on “Pathways to Sustainability” on Februar 5, 2016 at SeaRiver Maritime in Spring, Texas. The conference is designed…
Dom Mee, founder and former president of Protection Vessels International (PVI) who commanded more that 1,000 former Royal Marines in the fight against piracy in the Indian Ocean, warns the maritime community on complacency. “The main thrust…
New shipping simulation game TransOcean2: Rivals offers new challenges for players seeking to take the helm as head of a virtual shipping company Both the multiplayer mode as well as the single-player campaign of the economic strategy simulation…
Royal Dutch Shell's top executive planning the integration of BG Group will become transitional CEO of BG after expected completion of the $48 billion acquisition next month, company sources said. The appointment of Dutchman Huibert Vigeveno…
