CMA CGM S.A has crossed the compulsory acquisition ownership threshold in Neptune Orient Lines Limited (NOL). Following its all-cash voluntary conditional general offer (Offer) for NOL which was launched on June 6th, 2016, CMA CGM now owns 2…
World No.1 container liner Maersk, Swiss peer MSC and 13 other shipping firms are set to escape possible penalties as EU antitrust regulators plan to accept their offer to end a five-year probe, three people familiar with the matter said on Tuesday…
In one of the more bizarre twists in the container shipping market it emerged last week that financially troubled carrier South Korean Hyundai Merchant Marine (HMM) is in talks with the world’s two largest lines, Maersk Line and MSC about the possibility of joining them in the 2M alliance…
Diana Shipping Inc., through a separate wholly-owned subsidiary, has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia. The gross charter rate is US$6…
Freightgate Inc announced an easy to use, integrated (SSO enabled) solution for International Shippers around the world to comply with the new IMO Requirement to certify VGM (Verified Gross Mass). The new solution includes a plug-in that…
Hanjin Shipping is planning to return a total of 38 chartered vessels once their contracts end as part of its restructuring efforts, reports the Korea Herald.A company official said Hanjin was planning to return 20 containerships and 18 bulk vessels by 2017…
The port of Antwerp is to collaborate with Dalian Maritime University (DMU) in northern China for the next three academic years. DMU is a prestigious Chinese maritime university whose alumni include many prominent figures in the shipping industry…
The Marine Advisory Council has met to discuss the best ways to continue leading the march to excellence pursued by the Dubai Maritime Authority in upgrading the components of Dubai’s maritime sector. The council during the meeting, its fourth since its establishment in2014…
Suez Canal traffic data revealed that 210 ships transited the canal, with a total load of 12.8m tonnes, from 19 to 23 June. An average of 42 ships transited the canal per day during that period, with an average load of 2.56m tonnes per day…
Maersk acknowledges that coffee is very special, mainly in regards to the processes and requirements involved for it’s shipping. 'So we have adapted the way we work so we can meet your needs,' says a statement from Maersk. 'We offer you a wide coverage of ports in Colombia (Buenaventura…
French shipping giant CMA CGM plans to use Kingston Container Terminal, Jamaica as a strategic Caribbean transshipment hub for an enlarged Panama Canal. The Port connects to US East Coast, the Gulf of Mexico, the Caribbean and northern Brazil…
Earlier this week spot returns in the VLCC market touched their lowest level since October 2014, with TCE earnings for Middle East/Japan (TD3) falling close to $20,000/day, says Gibson Weekly Tanker Market Report. The current weakness has…
16 teams, 1,000 fans and one trophy: The Hapag-Lloyd Football Tournament A great atmosphere, fans going wild in the stands and a lot of team spirit: It wasn’t just the European Championships or the Copa América that were keeping football fans on the edge of their seats last weekend…
Slowing growth in the size of the shipping fleet will reduce the shortage of officers over the coming years, according to the latest Manning report published by global shipping consultancy Drewry. The global shipping fleet – encompassing all sectors except the non-cargo carrying ship types…
A national workshop in Saint Lucia has brought together participants from various Government bodies and other stakeholders to discuss the development of a national maritime transport policy. The workshop is aimed at highlighting the promotion…
