Nakilat Shipping Qatar Limited (NSQL) a wholly owned subsidiary of Nakilat and Shell International Trading and Shipping Company Limited (Shell), have completed the first phase of what will be the world’s largest management transition of LNG carriers…
National Shipping Company of Saudi Arabia Bahri announced that the Ministry of Transport under the supervision of the Public Transport Authority (PTA) has completed the registration of ASLAF, a Very Large Crude Carrier (VLCC) owned and operated by Bahri…
A team of civilian researchers led by entrepreneur and philanthropist Paul G. Allen have found the wreck of the World War II cruiser USS Indianapolis (CA 35), which was lost July 30, 1945. This is a significant discovery considering the…
The Container Handing Volume by the Republic of Korea's Port of Incheon is expected to reach 3.08 million TEU in 2017, said a company release. On August 3, the Incheon Port Authority (IPA) announced that its container handling volume for the second half of the year would be 1…
Global Capex on FLNG facilities is set to grow at a 9% CAGR over the 2018-2023 period, with expenditure forecast to total $37.6bn, said Douglas-Westwood report. Given the strong fundamental drivers – increasing gas consumption due to economic growth…
Incheon Port Authority (IPA) announced that a regular container route ‘Thailand-Vietnam Services (TVX)’ launched by five shipping companies – Namsung Shipping, Dongjin Shipping, Pan Continental Shipping, Pan Ocean and CK Line – was newly opened…
Team Tankers International Ltd. (TEAM) said that the company has agreed to sell the Tour Margaux (8,674 dwt, built 1993). The transaction closed and the ship was delivered to the buyer in July. The vessel is classified under Vessels Held for Sale as of June 30…
Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with CMA CGM, Marseille, for one of its Panamax container vessels…
Emissions inventory shows 2016 was a banner year for green growth. The Port of Los Angeles achieved record clean air gains while moving more cargo than ever, according to the Port’s 2016 Inventory of Air Emissions. Released today, the annual…
Minister for Defense, Senator the Hon Marise Payne, joined Rear Admiral Mike Noonan, Deputy Chief of the Navy, and veterans to dedicate a memorial on the site of ex-HMAS Platypus, Australia’s decommissioned east coast submarine base, honoring all who have died while serving in Australian submarines…
NORDEN is in the process of increasing its tanker exposure. The purpose is to take advantage of the business opportunities provided by the fluctuations of the cyclical market, said a communicaion from the company. ”During the strong tanker…
Dry bulk shipper Golden Ocean's Chief Executive Birgitte Vartdal made the following remarks during the company's second-quarter earnings presentation on Thursday: We are slowly starting to consider chartering opportunities at the rate levels that we see now…
Superior Industries Inc., a U.S. based manufacturer and global supplier of bulk material processing and handling systems, has named Mark Crooks as its vibratory product manager. Crooks’ responsibilities will include managing and further developing Superior’s vibratory product line…
Lloyd's Register (LR) has joined the Quadriga sustainable shipping project – an initiative from Hamburg-based Sailing Cargo, which aims to build the world’s biggest sailing cargo ship. The project outlines a plan to build a 170-meter car carrier…
Milaha, a Qatar-based maritime and logistics conglomerate, has launched the first ever direct feeder service between Qatar and Kuwait. The new service, named KQX (Kuwait Qatar Express Service), will operate between Hamad Port in Qatar and Shuwaikh Port in Kuwait once a week initially…
