Container shipping line Hapag-Lloyd announced a surprise dividend to shareholders on Wednesday and forecast a rise in annual earnings this year thanks to synergies from its merger with Gulf peer UASC.Hapag-Lloyd merged with UASC last year…
The Georgia Ports Authority broke ground on its $126.7 million Mason Mega Rail Terminal Monday. The expansion will increase the Port of Savannah's rail lift capacity to 1 million containers per year, and open new markets spanning an arc of cities from Memphis to St…
The Crew Connectivity 2018 Survey Report, sponsored by KVH Industries and Intelsat, shows digital transformation underway in the maritime industry.Roger Adamson, Futurenautics Maritime’s chief executive officer, presented to a London audience…
The Port of Los Angeles has prepared a Draft Environmental Impact Report (EIR) for the marine oil terminal located at Berths 167-169 in Wilmington, operated by Shell Oil Company.Shell has a long-term lease with the Port for operation of the terminal through 2023…
India's Apeejay Shipping said it has acquired a new Japanese 76,602 MT DWT Gearless Panamax vessel to take its fleet size to nine. The ship has been renamed APJ Kabir Anand. The expansion schedule of Apeejay Shipping has seen the company…
Following Australia's move to ban the containership MSC Kia Ora for unpaid crew wages, MSC Mediterranean Shipping Company said in a statement that it does not oversee the maintenance, or the workforce, of the chartered banned vessel, Kia Ora…
Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services, Geneva, for one of its Capesize dry bulk vessels…
Against the backdrop of encouraging global economic growth and an improved outlook for the shipping industry, the International Union of Marine Insurance (IUMI) gives expert opinion on the current state of the hull, cargo and offshore energy insurance markets at its Spring Conference in Hamburg…
St. Louis Regional Freightway, Port of Plaquemines and St. Louis Regional Ports Sign Agreement to Foster Economic Growth on the Mississippi River. The pact will help support development of a new transportation link for cargo to move along the Mississippi River…
The U.S. Coast Guard announced Tuesday Command Master Chief Jason M. Vanderhaden has been selected as the 13th Master Chief Petty Officer of the Coast Guard. The Master Chief Petty Officer of the Coast Guard is the service's most senior enlisted…
Maritime engineering company Intermarine UK is ramping up operations at its new 2,400sqm fabrication and welding facility at Portland Port in Dorset, U.K. after taking delivery of £450,000 of new machinery. Inter Marine Group President…
The International Maritime Organization (IMO) has introduced a mandatory Data Collection System (DCS) for international shipping, which requires ships above 5,000 gross tonnage to start collecting and reporting fuel consumption and CO2 data to an IMO database from 2019…
Djibouti is in talks with French shipping company CMA CGM to develop a new container terminal at an initial cost of $660 million as part of the tiny African country's bid to expand into a sea and air transport hub for the continent. Aboubakar Omar Hadi…
Liberian-flagged containership MSC Kia Ora has been banned from Australian ports for three months after the operator failed to ensure crew were paid their wages in full and on time, and that critical equipment was maintained. The ban was issued by the Australian Maritime Safety Authority (AMSA)…
Stolt-Nielsen Limited announced Jens F. Grüner-Hegge has been appointed as its new Chief Financial Officer, effective from April 2, 2018. Grüner-Hegge, who has served as Vice President, Corporate Finance since 2007, succeeds longtime CFO Jan Chr…
