Well-trained seafarers are essential to safe ship navigation in Polar waters and International Maritime Organization (IMO) has been playing its part with a training course for maritime instructors, underway in Valparaíso, Chile (18-22 November)…
Shipping group CMA CGM said it planned to raise $2 billion to help finance its takeover of CEVA Logistics, with half the cash coming from selling port assets to its joint venture with China Merchants Port Holdings Co.France-based CMA CGM, the world's fourth-largest container shipping company…
Qatar and Kuwait have told the United States that they will join a U.S.-led naval coalition in the Gulf which was established in response to a series of attacks on oil tankers, a U.S. military official said on Monday.'Qatar and Kuwait have already told us they are going to join…
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, on Monday recorded its biggest daily percentage jump in more than four-and-a-half months, buoyed by a surge in capesize rates.The Baltic index…
General Electric Co on Monday named finance head at shipper AP Moller-Maersk as its new chief financial officer in the latest top-level change aimed at turning around the U.S. industrial conglomerate.Carolina Dybeck Happe will start in early 2020 and replaces Jamie Miller…
Port authorities tried to right a capsized ship on Monday to rescue thousands of sheep trapped below deck in the Black Sea off Romania.The Palau-registered Queen Hind flipped onto its side shortly after leaving Romania's Midia port en route to Saudi Arabia on Sunday…
Semco Maritime Ltd. has appointed Brian Mercer new Managing Director in the UK. Brian Mercer has taken up the position as Managing Director based on a diverse background with more than 30 years of experience covering oil & gas, aeronautical engineering…
World growth and trade volumes under pressure, but still positive. A continued slowdown in global growth, as well as a lower trade multiplier will reduce overall demand for shipping for the rest of this year and through 2020.Expectations for global trade growth have also been lowered for 2020…
Commodity trader Gunvor Group will charter a liquefied natural gas (LNG) carrier from shipping firm Flex LNG for up to 10 years, the two companies said on Monday.Geneva-based Gunvor, which has said it wants to take a lead in energy transition by investing in cleaner natural gas…
Scanship, a Norwegian company that produces wastewater purification and waste management systems for vessels, has been awarded an advanced wastewater purification system (AWP) retrofit contract by Norwegian Cruise Line Holdings (NCLH).The contract…
U.S. Department of Transportation Maritime Administrator Rear Adm. Mark Buzby joined elected officials and leadership from Jacksonville Port Authority (JAXPORT) and SSA Marine on Nov. 22 to break ground on a new state-of-the-art international…
Sovcomflot, the Russian maritime shipping company specializing in petroleum and LNG shipping, said that its team has met Kitack Lim, Secretary-General of the International Maritime Organization (IMO).He was met by Sergey Frank, Chairman of the Board of Directors of Sovcomflot and Igor Tonkovidov…
For the first time, the ports of Antwerp, Barcelona, Hamburg, Los Angeles, Montreal and Rotterdam come together to showcase their most advanced digital transformation and sustainability projects at their dedicated ‘Smart Ports’ exhibitThe 'Smart Ports…
South Korean shipbuilder Samsung Heavy Industries Co. (SHI) has agreed to pay $75 million in penalties to avoid prosecution in the United States over its scheme to pay millions of dollars in bribes to Brazilian officials to win a contract.“Samsung…
The U.S. Coast Guard ordered 23 New York Waterway ferries to suspend service over the last week after a series of inspections found the vessels to be operationally unfit. Coast Guard Sector New York marine inspectors determined the 23 ferries…
