Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, announced that it has agreed to sell the Star Cosmo, a 2005 built Supramax vessel and the Star Epsilon, a 2001 built Supramax vessel.'We…
Greece-based global provider of shipping transportation services through its ownership of vessels has agreed to acquire a 2007-built aframax tanker for US$26.0 million.The company specializing in the ownership of containerships and tanker vessels…
Norwegian LNG carrier owner Flex LNG posted a net income of USD 0.5 million for the third quarter of this year, compared to a net loss of $3.9 million for the second quarter 2019.It reported revenues of $29.8 million for the third quarter 2019…
Israeli international cargo shipping company ZIM Integrated Shipping Services continued to record improvements and to expand its global network to its customers confronting challenging business environment.ZIM has reported a net profit of USD 5 million for the third quarter of 2019…
What do successful, well-run ports and female empowerment have in common? Both can make a significant contribution to sustainable economic development.International Maritime Organization (IMO) provided support to eight female officials from developing countries…
Iraq's Khor al-Zubair commodities port near Basra reopened on Wednesday and operations resumed normally, port officials said.On Tuesday protesters blocked the entrance to the Gulf port and prevented trucks from entering, as part of the biggest…
Directors of North P&I Club have decided to set a general increase of 7.5% on P&I and FD&D premiums for the 2020/21 Policy Year. The increase is considered necessary to maintain the Club’s financial strength and stability in a climate of rising International Group Pool claims and premium erosion…
On Friday, November 15, 2019, Eastern Shipbuilding Group, Inc. (ESG) launched the SSG MICHAEL H. OLLIS (Hull 219) the first of three new Staten Island “Ollis Class” Ferries for the City of New York Department of Transportation (NYCDOT) Staten Island Ferry Division…
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, dipped for a fifth successive session on Wednesday, weighed down by weaker capesize vessel rates.The Baltic index, which reflects rates for capesize…
Yemen's Iran-aligned Houthi movement released three vessels and 16 people it had seized, South Korea's Foreign Ministry and a Houthi military source in Yemen said on Wednesday.The seizure on Sunday was the latest incident at sea around Yemen…
Recent acceptance to operate in Rotterdam and proof of sustainability claims after more than 500 hull cleaning operations help propel ECOsubsea, the robotic hull cleaning system.The Dutch national regulatory body Rijkswaterstaat gave the Norwegian…
Lineage Logistics Holdings, the world’s largest provider of temperature-controlled logistics solutions, announced it has signed definitive agreements to acquire Emergent Cold, the global cold chain services provider.This acquisition strengthens…
Swiss multinational equipment manufacturer Liebherr has delivered its 100th mobile harbour crane to be sold in Spain, an LHM 600 for shipping company Maritima del Principado.The ceremony took place in Gijón, Spain. The new machine is an LHM 600 and belongs to Generation 5…
More than 30 vessels carrying over 14,000 passengers in total chose to call in at Falmouth Cruise Port, Australia as part of their 2019 programme and even more have already booked for next year.The cruise ship operations are managed by FDEC…
Port of Hamburg is continuing its dredging projects on the Elbe River as per plan. The second hopper dredger named Bonny River has been conducting dredging operations on the federal stretch and taking the spoil to the UWA - underwater dredged material disposal site at Medemrinne…
