France’s CMA CGM has approached banks to finance its potential takeover bid for Singapore’s Neptune Orient Lines Ltd (NOL), reports Bloomberg. The world’s No. 3 container shipping company is in talks with banks including BNP Paribas SA…
Two new marine geological research vessels under construction in China will feature a broad scope of Wärtsilä engines and propulsion equipment. Wärtsilä has maintained a leading position in China for supplying propulsion solutions to research vessels…
The construction of a wide access channel to Port Said East, as the side channel project, has officially received approval. The head of the Suez Canal Authority (SCA), vice admiral Mohab Mamish, has approved the construction of a new access…
German container line Hapag-Lloyd Hapag-Lloyd settles a high-yield dollar bond partly prematurely. The carrier would seek to pay off $125m in principal on its US dollar-denominated bond two years early. 'In the context of a continuous…
The Philippines has sought to debunk China's claims to disputed islands in the South China Sea, court officials said Monday (November 30) as an international tribunal wrapped up a five-day hearing, says an AFP report. The Philippines has…
Almost 100 people were rescued when a ferry sailing toward Singapore from the Indonesian island of Batam hit a floating object and reportedly started to sink, maritime officials said. Singapore's Maritime and Port Authority (MPA) said it…
A Hong Kong-registered ship, Ning Po, has leaked some fuel but it is unclear how much has been spilled or what the cause of the leak was, say local media reports. Officials worked to clear a fuel spill from the ship berthed at Northport in Whangarei Harbour…
The Port Authority of New York and New Jersey sees consolidated debt issuance of $1.2 bln in 2016 compared with $1.5 bln this year, according to its $7.9 billion 2016 budget released on Monday. Although next year's debt issuance represents a decline from this year…
PANOLIN America, Inc. announced it is now offering customers more stern tube lubricating options. With the success of STELLA MARIS stern tube lubricant, PANOLIN said it found itself continually being asked about older vessel solutions.…
Gulf Marine Repair Corporation, a southeastern tug-barge shipyard, announced it is consolidating operations with Hendry Corporation, its affiliated company and fellow shipyard, effective November 30, 2015. Rick Watts, the newly appointed President of Gulf Marine…
Waiting times for ships at the Panama Canal have returned to normal after poor weather and a spike in traffic caused delays for several weeks, the waterway's operator said on Monday. 'Today ... the line is 45 ships, which represents a maximum waiting time of two days…
Horizon Shipbuilding, Inc. of Bayou La Batre, Ala., has been presented with the 2015 “Innovator of the Year” award by the Mobile Alabama Chamber of Commerce for Horizon was recognized for its GORDHEAD collaboration software aiming to revolutionize…
(Press Release) With the exploitation of new cost-effective operational concepts, use of digital technologies and increased dependence on cyber structures, the oil and gas industry is exposed to new sets of vulnerabilities and threats. Cyber-attacks have grown in stature and sophistication…
ndian Register of Shipping (IRClass)has awarded scholarships in the field of law instituted in the memory of Late Shri Venkiteswaran, a legal luminary and internationally acclaimed stalwart in the field of Maritime law who was a Director…
As the interconnector of global trade shipping facilitates every other part of the economy, and decision making around low-carbon pathways in other transport modes and industries will both influence and constrain decarbonisation in shipping…
