The rapid expansion of container shipping capacity this year threatens to reverse the strong profitability ocean carriers showed in the first quarter, Drewry Shipping Consultants Ltd said. Carriers weathered a storm of low rates in the…
The Port of Los Angeles, Ports of Auckland in New Zealand and Guangzhou in China have signed a memorandum of understanding (MOU) a ground-breaking Tripartite Economic Alliance for promoting closer ties. “The port of Los Angeles looks forward…
The world’s largest listed crude-tanker operator Euronav is planning to buy 18 tankers for around $1.2 billion in one of the biggest deals involving oil carriers this year, reports WSJ. The reports says that Euronav is in advanced discussions…
The Arctic Challenger, an oil spill containment barge, that had left Bellingham, north of Seattle, and was headed toward Dutch Harbor, in Unalaska, off mainland Alaska, reached port in Alaska on Wednesday, June 10, for a brief stop before…
The state-owned infrastructure group China Communications Construction Corporation (CCCC) has established CCCC Dredging at Shanghai’s Free Trade Zone. CCCC Dredging is the first of a series of planned spinoffs as it develops into a holdings company with subsidiaries across various sectors…
All-women sailing crew Team SCA have recorded their first victory of the Volvo Ocean Race, clinching the eighth leg in the Bay of Biscay off the coasts of France and Spain. The Swedish boat, skippered by Briton Sam Davies, won the eighth and penultimate 647-mile stage…
India's largest private shipbuilding company ABG Shipyard is in talks with Privinvest Holding SAL to sell stake. A report says that Privinvest is expected to acquire up to 49% stake in ABG. A report in the ET NOW says both the companies…
Just two months after hitting an all-time high for monthly container volume in March, the Virginia Port Authority did it again. In May, the port moved 230,511 containers as measured in standard 20-foot units, or TEUs, a 13 percent increase from the same month a year ago…
U.S. Coast Guard Station Montauk crew holds change of command, retirement ceremonies Crewmembers of U.S. Coast Guard (USCG) Station Montauk held a change of command and retirement ceremony in Montauk, N.Y., Thursday. Capt. Edward J…
Funding used to upgrade aging server, computers Thanks to a donation from global ship vetting specialist RightShip, Seafarers’ House has been able to replace its aging server and four computers – all of which are critical to the nonprofit’s communications…
Cargomatic announced that technology executive Sean Whiteley has joined the company as chief operating officer. Whiteley will be charged with overseeing operations, sales and marketing efforts for Cargomatic as it continues its mission to transform local trucking through its mobile technology…
Speaking at the Trans Middle East Conference in Doha, Qatar last month, Julien Horn, TT Club’s Middle East Regional Executive and Director of TTMS (Gulf), the Network Partner based in Dubai, lay particular emphasis on the role human error plays…
Event for current/former military aims to help veterans transition to maritime industry jobs Hundreds of veterans and active military are expected to attend a Military2Maritime career fair on Monday, June 22, 2015 at the Port Pavilion on Broadway Pier in San Diego…
The Swedish Club announced the appointment of a new Chief Financial Officer, Mikael Kromli, who will take up the position on June 15, 2015 and will be based in Gothenburg. Kromli, a Swedish national, brings with him experience in the corporate finance field…
More than 4,000 tankers are not yet using an ENC service ahead of July 1, 2015 ECDIS mandate SOLAS regulations on the mandatory carriage of Electronic Chart Display and Information System (ECDIS) for all tankers of 3,000 gross metric tons or more come into force July 1…
