Russia plans to invest $500 million in the Syrian port of Tartus and build a grain hub there to boost its presence on Middle East markets, Interfax news agency cited Deputy Prime Minister Yury Borisov as saying on Tuesday.Russia, the world's largest wheat exporter…
As 2020 approaches, the year ends with the tantalising prospect of a trade deal between the United States and China. Again.Initial agreement to de-escalate the tariff war between the world's two biggest economies has been interpreted as a positive for the global economic outlook…
The Greek marine transportation provider Pyxis Tankers Inc announced that it had agreed to sell the Pyxis Delta, a 2006 built 46,616 dwt product tanker.The emerging growth pure play product tanker company said that the closing of the sale should occur in January…
GasLog signed an Export Credit Agency-backed debt financing of $1.05 billion with 12 international banks for its current newbuilding program.The LNG carrier owner and operator has seven LNG carriers on order at South Korean shipyard Samsung Heavy Industries (SHI)…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Pacbulk Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Santa Barbara.The global shipping…
Miami-based cruise company Royal Caribbean Cruises Ltd. (RCL) will kick off construction of a third cruise terminal at the Port of Galveston in Texas next year.Both companies have approved a lease agreement to build a third cruise terminal at…
Svitzer has announced the purchase of the Dutch tugboat Mercurius, which has been renamed to Svitzer Mercurius and reflagged to the UK.The tug will be deployed in the Port of Southampton, where the tug increases the company’s fleet in Southampton…
Powered by growth on the Rostock and Trelleborg route, Stena Line announced plans to invest $5.5m in a refit and renovation of the cabins and public spaces onboard the two ships, FS Mecklenburg-Vorpommern and M/S Skåne.The refit will start in…
Eastern Shipbuilding Group has delivered of the M/V Jaden Pasentine (Hull 200). The 70th 90’x 32’x 10’ Inland Towboat built by Eastern for Florida Marine Transporters, LLC of Mandeville, LA. In 2018, Florida Marine Transporters, LLC signed four more additional towboats…
CMA CGM's Containerships has announced delivery of its fourth container ship powered by liquefied natural gas (LNG), the 1,380-TEU Containerships Arctic.After the introduction of its three sister ships, the CMA CGM Group took delivery of the Containerships Arctic…
The new International Maritime Organisation (IMO) regulations aim to significantly reduce emissions of sulfur oxides, which are responsible for atmospheric acidification. This means that vessels may only use fuels with sulfur levels of up to 0…
APM Terminals, an international container terminal operating company, said that its Moín Container Terminal celebrated the movements of its 1 millionth TEU on 11 December 2019.This milestone, achieved in less than 10 months of operation, is particularly significant…
Ocean Network Express (ONE) has joins a group of innovative carriers who use the New York Shipping Exchange (NYSHEX) to offer their customers the ability to enter digital and mutually enforceable contracts.With seven of the leading global ocean carriers on NYSHEX…
Government of India has approved New Shipbuilding Financial Assistance policy for Indian shipyards for shipbuilding contracts up to 2026 to promote shipbuilding in Indian shipyards.Financial assistance is being granted to Indian Shipyards equal…
According to a report in JIJI Press, Mitsubishi Heavy Industries is considering selling one of its largest shipbuilding plants in Japan to reduce costs.According to the report , the Japanese conglomerate is weighing the sale of the Koyagi plant…
