BIMCO’s Documentary Committee has approved two charter party sanctions clauses to help owners and charterers manage due diligence policies and navigate an increasingly complex environment of economic and trade sanctions imposed by governments…
VARD has announced a contract to build 2 new-generation luxury expedition cruise vessels for PONANT.The new units, due for delivery both in 2022, will represent an evolution of the “PONANT EXPLORERS” class vessels. They will be operated in the…
The US has seen a big drop in the import of Christmas tree lighting sets from China.In the first ten months of 2019, the US imported 147 million Christmas tree lighting sets, just over half of which came from Cambodia, a big change from 2018…
As 2019 winds down, sit back for a lighthearted look at what the editorial teams at Maritime Reporter & Engineering News, MarineNews, Marine Technology Reporter & Offshore Engineer have found and dubbed the top 10 festive holiday videos from across the maritime…
Lloyd’s Register (LR) has awarded Wärtsilä system-level cyber certification for its network architecture relating to Wärtsilä’s integrated main and auxiliary machinery. The LR’s ShipRight SAFE AL2 certification, which is with Wärtsilä’s Data Collection Unit (WDCU)…
Confidence in the shipping industry rose in the last quarter to its highest level for 18 months, according to the latest Shipping Confidence Survey from leading shipping adviser and accountant BDO.The average confidence level expressed by respondents to the survey was 6…
The Baltic Exchange's main sea freight index slid for a 12th straight session on Thursday, hitting a six-month low, as reduced seasonal demand dragged down vessel rates across segments.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities…
It is 70 years since the launch of the first radar under the Decca brand and today’s Sperry Marine is marking the anniversary by looking to a future that would have been hard to imagine in 1949 – or even as little as 10 years ago.Yet the changes…
China and the United States are in touch over the signing of their Phase 1 trade deal, China's commerce ministry said, which will see lower U.S. tariffs on Chinese goods and higher Chinese purchases of U.S. farm, energy and manufactured goods…
A consortium led by Toyota Tsusho Corp, a unit of Japan's Toyota Group, signed a contract on Thursday to set up and operate a roll-on, roll-off vehicle terminal at East Port Said in Egypt, the Suez Canal Economic Zone (SCZone) said.The consortium…
Global leader in offshore wind Ørsted A/S has signed an agreement to divest its liquefied natural gas (LNG) business to the leading global natural resources company Glencore.According to the Denmark's largest energy company, Ørsted entered into…
Luxembourg-headquartered dredging and construction engineering company Jan De Nul Group completed the capital dredging works for the improvement of Liepaja Port in Latvia ahead of schedule.In order to allow larger vessels to enter and leave the port of Liepaja fully loaded…
Swire Shipping, trading division of China Navigation Company, announced it will be entering a new vessel sharing partnership from New Zealand to Tonga, Samoa (Apia), Cook Islands and Fiji. This market leading service will depart every 10 days from Auckland…
Capital Product Partners (CPLP), a Greek shipping company engaged in the seaborne transportation, has agreed to acquire three 10,000 TEU sister container ships for USD 162.6 million from Capital Maritime & Trading Corp.The ships, M/V Athos, the M/V Aristomenis and the M/V Athenian…
Norwegian shipbuilder and ship designer Ulstein is currently carrying out the paint work on Bernhard Schulte’s new service operation vessel (SOV), the 'Windea TBN'.The SOV, which was launched on 15 October 2016, for the offshore wind industry was docked into our dock hall on 8 December 2019…
