Condor Ferries, an operator of passenger and freight ferry services between UK and France, has been sold to a consortium including the French shipping company Brittany Ferries.Brittany Ferries, in consortium with the Columbia Threadneedle European Sustainable Infrastructure Fund (ESIF)…
Bermuda-based global shipping company Team Tankers International finalized the sale of the last two of its five older medium range (MR) tankers.Team Tankers has managed to free up a funds for new investments after divesting MR tankers, said CEO Hans Feringa…
Russia's state-owned tanker carrier Sovcomflot (SCF Group) reported improvements on both the top and bottom line in the third quarter benefiting from a stronger tanker market.The energy shipping company posted a net profit of $26m as revenue increased in the third quarter…
The Gothenburg Port Authority recently launched a data system designed to coordinate and monitor work at the Port of Gothenburg Energy Port, the largest open access energy terminal in Sweden, handling more than 20 million tonnes of energy products annually…
Wärtsilä and Singapore-based PSA Marine have agreed to collaborate in the co-creation of smart technologies for the marine sector. The focus will be on solutions that are human-centric and deployable. The Letter of Intent was signed on November…
Stena Line took ownership of its newest ferry Stena Estrid following a handover ceremony at the AVIC Weihai Shipyard in north-western China. Stena Estrid is the first of five next generation Stena Line RoPax vessels that are currently being constructed…
The maritime sector in Scotland directly supports nearly $12.9 billion in turnover and 41,000 jobs according to a new report launched at the UK Chamber of Shipping and British Ports Association Scottish reception.The report by the Center for Economics and Business Research (Cebr)…
Newly-launched US-based cruise line Virgin Voyages has appointed GAC as its UK agent for the vessel Scarlet Lady on her maiden voyage around the British coast early next year.Although the vessel is currently under construction in Genoa, Italy…
“The decrease in state spending on higher education is what keeps me awake at night” is how RADM Michael Alfultis, President, SUNY Maritime College, neatly summarized the biggest challenge he faces as the leader of one of the U.S.’ leading maritime universities…
Norway's trade balance bounced back to a surplus last month from a rare deficit in September as oil and gas output recovered, Statistics Norway reported on Friday.The surplus for October stood at 5.9 billion Norwegian crowns ($645.22 million)…
A.P. Moller-Maersk said on Friday prospects for a pick-up in demand for seaborne container traffic were clouded by an uncertain economic outlook but the shipping group's focus on driving down costs helped its shares higher.The world's biggest…
We must assess our trainees. Yet we have all heard the complaints they raise about assessments: “I am a bad test-writer”, “this test was much more difficult than I expected”, “I know the material but I did not understand the questions”, “I was nervous…
Hong Kong-headquartered Seaspan Corporation, a major player in independent containership management and ownership, has agreed to acquire a fleet of six containerships for $380 million in cash.The independent containership lessor said that the…
G2 Ocean, a joint venture of two of the world's leading breakbulk and bulk shipping companies - Gearbulk and Grieg Star, has opened a new office in Hamburg, Germany, to achieve a stronger market position, and in response to increasing demand for project cargo services…
OceanRail Logistics, part of the Cosco Shipping Group, acquired 60% of the Greek railway company Piraeus Europe Asia Rail Logistics (PEARL) as part of its plan to develop its intermodal transport services network.OceanRail specializes in sea…
