Denmark shipping company that owns and operates product tankers and bulk carriers TORM exercised two options for the construction of two LR1 newbuildings for a total commitment of USD 74m and with expected delivery in 2019 through the first quarter of 2020…
European shipowners welcome the Plastic Strategy adopted by the European Commission last week. The first-ever Europe-wide strategy on plastics, adopted today, is a part of the transition towards a more circular economy. The coherent and…
The Government’s Plan for Growth in the Danish Maritime Sector positions the country to become a global maritime hub by 2025. The plan counts initiatives aimed at making Denmark a global frontrunner within tests of maritime autonomous technologies and maritime digitalisation…
Finnish transportation and construction workers will go on a one-day strike on Feb. 2 to protest against the centre-right government's cuts to unemployment benefits, unions said on Tuesday. The strikes are expected to close all Finnish ports and construction sites on the same day that SAK…
Crowley Maritime Corporation’s liner and logistics teams recently provided full supply chain management services for the first of several expected shipments of special cargo to help restore power in Vieques, an island located about eight miles from Puerto Rico…
The Baltic Exchange's main sea freight index marked its strongest daily percentage gain in nearly three weeks on Tuesday as the capesize segment rebounded from its two weeks of declines, and the panamax rates climbed further.The overall index…
Diana Shipping , a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong…
The National Investment and Infrastructure Fund (NIIF), India’s first sovereign wealth fund, and Dubai-based ports operator DP World have announced the creation of an investment platform to invest up to $3 billion in ports, terminals, transportation and logistics businesses in India…
The Piraeus Port Authority (PPA) has presented its proposals for the master plan for the development of Greece's largest port of Piraeus under “Master Plan of the Port of Piraeus'. The compilation of the Master Plan for the development…
Kawasaki Kisen Kaisha, Ltd., Tokyo, (“K” Line) has taken delivery a new 14,000-TEU containership, Milano Bridge, built at Hiroshima Shipyard of Imabari Shipbuilding Co., Ltd, Japan and handed over on January 18, 2018. This new ultra-large…
The Port of Savannah handled more than 4 million twenty-foot equivalent container units in 2017 - an increase of 11 percent and the port's highest annual volume ever. 'This is the first time we've handled more than 4 million TEUs in a 12-month period…
South Africa’s competition watchdog becomes final signatory allowing Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL ), Nippon Yusen Kabushiki Kaisha (NYK ) merger, so that Joint venture (JV) can start operations on April 1. 'K Line…
Wallem Ship Agency has been appointed by G2 Ocean to provide Ship Agency services to all their vessels calling in ports in SE Asia. The agreement has been made with Wallem Ship Agency in Singapore, Malaysia, Thailand, Philippines, Vietnam, and Myanmar…
European Commission published a Proposal for a Regulation establishing a framework for screening of foreign direct investments into the European Union and a Communication entitled “Welcoming foreign direct Investment while Protecting Essential Interests” on 13 September 2017…
Norway based dry bulk shipping company Golden Ocean Group Limited (GOGL) has taken delivery of the second vessel, Sea Monterrey (to be renamed Golden Monterrey). On October 16, 2017 GOGL announced that it has entered into agreements to…
