Braemar Shipping Services PLC on has terminated its involvement in the ACM ICON Shipping DMCC venture, announcing the sale of its 50% stake to its joint-venture partner Icon Chartering Ltd, says a report by Alliance News. Braemar said…
Maritime environmental and logistics industry expert Thomas A. Jelenić joins Pacific Merchant Shipping Association (PMSA) as Vice President, the trade association announced today. Jelenić will work in PMSA’s Long Beach office as of June 13, 2016…
The grandson of Maersk Mc-Kinney Moller, who transformed A.P. Moller-Maersk into an international conglomerate, was on Monday appointed chief executive of the holding company behind the Danish shipping giant.The move sends a signal that…
Customer-case shows potential for a 40% reduction in engineering hours on subsea paperwork, and up to 80% less documentation.A cross-industry project led by DNV GL to halt the boom in subsea documentation shows that implementing a standardized approach can significantly reduce engineering hours…
The weeks-long traffic jam of cargo ships at the Myanmar’sbiggest port threatens to scare potential investors away and choke off nascent economic growth, says a report in Reuters. The bottleneck at the dilapidated port was caused by a spike…
Diana Shipping Inc. through a separate wholly-owned subsidiary, has entered into a time charter contract with Transgrain Shipping B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Thetis. The gross charter rate is US$5…
The new restructured SMILE Service synergizes Shipping Corporation of India’s (SCI) Services with Shreyas’s Services and seamlessly links up Persian Gulf with East Coast of India and West Coast of India, thereby, further strengthening and expanding SCI’s presence in the Coastal Shipping Sector…
Terminals in the Port of Ventspils handled a total of 9 million tons of cargo in January-May 2016 or by 23.98% less than in the same period in 2015. The transit of oil products and coal had declined steeply year-on-year, affecting the total cargo turnover at Ventspils…
Port of New York and New Jersey will be able to handle 14,000 TEU vessels toward the end of 2017, says officials at the Port Authority of New York and New Jersey. The planned completion of the 50-foot Harbor Deepening Project later this…
Sri Lanka’s Ministry of Ports and Shipping has issued guidance on the implementation of the SOLAS VI Regulation 2 amendment that requires the verification of gross mass in packed containers (Container Weight Verification) with effect from 1 July 2016…
The newly released 2016 Indiana Logistics Directory reports that Indiana ranks high nationally in its ability to move freight via truck, rail, water and air. The state is ranked in the top five states in more than 25 logistics-related categories and in the top 10 in 109…
France’s CMA CGM now holds over 78 percent of the shares in Neptune Orient Lines (NOL), bringing it closer to taking the Singapore company private. CMA CGM currently owns approximately 78.07% of all NOL shares, and does not intend to preserve the listing status of NOL…
Inchcape Shipping Services (ISS), the world's leading maritime and logistics service provider, is driving a global roll-out of its new cargo and agency platform, YourISS2.Designed to increase efficiencies, standardise processes and documents and enhance service delivery…
Enhanced Intra Mediterranean Service – New Black Sea Mediterranean Express (BMX) Service RotationHapag-Lloyd informs about the new rotation effective July 5, 2016.We would like to inform you that as from July 5, 2016 Hapag-Lloyd will enhance…
Panama Canal Authority said it has lifted restrictions on the depth of ships passing through that had been imposed since April because of low water levels caused by severe drought, says a report in AP. On April 18, Panama Canal started…
