French shipping company CMA CGM has signed a letter of intent to form a new joint venture with Ethiopian company MACCFA and to manage Ethiopia's Modjo port, according to a document made available by the French President's Elysee department.Marseille-based CMA CGM…
Gulf Island Shipyards was awarded a $63.5 million contract for the detail design and construction of the new Towing, Salvage and Rescue Ship which will be based on existing commercial towing offshore vessel designs and will replace the current…
Profiled in the March 2019 cruise edition of Maritime Reporter & Engineering News is Sven Lindblad, intrepid explorer and wildlife photographer Sven Lindblad blazed the trail for environmentally sensitive travelers to Antarctica on Lindblad…
Breakbulk and project heavy lift specialist AAL Shipping has shipped 22 petrochemical plant modules from Wison Heavy Industry’s facilities in China for the an ethylene-glycol plant expansion project in Point Comfort, Texas on behalf of Pacific Ocean Group…
Shipping services provider Boluda Corporación Marítima has signed a letter of intent to acquire all the shares, worth 300 million euros, of Kotug Smit Towage.The Netherlands-based towage services provider Kotug Smit Towage is operating in North Sea countries (United Kingdom…
The launching ceremony of the ‘Greg Mortimer’, the first polar expedition cruise vessel in SunStone Ships’ INFINITY series, was held in the morning of 12 March at the CMHI yard, China.The steel cutting ceremony of ship number three in the series was also arranged yesterday…
India’s containerised trade with the world has grown steadily, recording an overall import-export trade growth of 6% according to the Q4 2018 trade report released by Maersk, the world’s largest container shipping company.Increasing demand for…
The Port of Rotterdam Authority said that its gross investments increased 91% to EUR408.1 million (USD461Mln) in 2018, the highest level since the construction of Maasvlakte 2.By far the largest part of this amount was used to further improve the logistical accessibility of the port of Rotterdam…
Taiwanese shipping company Wan Hai Lines announced the enhancement of its Japan service coverage.With effect from early April 2019, the company shall upgrade its existing New Super 1 service and also extend one of its existing Japan Kanto service to cover Malaysia…
Transnet National Ports Authority’s (TNPA) Port of Ngqura has hosted the testing and launch of the first ever locally manufactured aluminium vessels by PE-based boat builder, Legacy Marine. As the company’s ship yard is based in Perseverance…
Bureau Veritas and TMC Marine, a Bureau Veritas Group Company since 2016, and the London P&I Club have produced their latest guidance in their series on loss prevention issues. The new publication focuses on systemic failures on board ships…
Moody’s Investors Service upgraded the 20-year $450 million Senior Unsecured Bonds issued by the Panama Canal Authority (ACP) to A1 from A2, with a stable outlook, based on the waterway's strong performance since the expansion's inauguration…
According to a research note from BIMCO, Brazilian soya bean exports are up 85.2% in the first two months of 2019, this following a record high exports in 2018 of 83.6 million tonnes, which was a 22.7% increase from 2017.According to BIMCO,…
Effective March 12, 2019, Mr. Hiroaki Sakashita has been appointed as Senior Executive Vice President as well as Executive Director of ClassNK.Sakashita began his career at Japan’s Ministry of Transport (now Ministry of Land, Infrastructure…
IKEA Transport & Logistics Services, CMA CGM, the GoodShipping Program and the Port of Rotterdam have announced they will cooperate in a first of its kind partnership to test and scale the use of sustainable marine bio-fuel oil. The test will…
