Marine coating major AkzoNobel announced it has declined a third unsolicited, non-binding and conditional proposal submitted by PPG Industries on April 24, 2017, for all outstanding ordinary shares in the capital of AkzoNobel. A statement…
Demand for methanol and vegoil will moderately support global seaborne trade causing the shipping fleet trading in chemicals and vegoils to expand, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry…
The National Shipping Company of Saudi Arabia (Bahri) has signed a Memorandum of Understanding (MoU) with Hyundai Heavy Industries (HHI) Group to harness Big Data and technological innovation in the maritime industry. HHI Group is the…
Eagle Bulk Shipping reported a loss of $11.1 million in its first quarter. It posted revenue of $45.9 million in the period.Gary Vogel, Eagle Bulk's CEO, commented, “During the first quarter, Eagle finalized the acquisition of 9 Crown-63 Ultramax…
Scorpio Tankers, provider of marine transportation of petroleum products, announced that it has reached an agreement with an unrelated third party to sell two of its 2013 built MR product tankers (STI Sapphire and STI Emerald) for approximately $56…
In less than two months, the Day of the Seafarer 2017 will be celebrated across the globe with a special focus on ports and seafarer centres. Under this year’s theme #SeafarersMatter, the campaign aims to engage the people working in ports…
South Carolina Ports Authority (SCPA) announced its strongest April container volumes on record, with 189,315 twenty foot-equivalent units (TEUs) handled last month. In addition to being the strongest April in SCPA history, last month's volumes were the second-highest ever handled by the port…
More ships calling at the Port of Long Beach in April thanks to new business and changes to vessel deployments helped to push container volumes 16.5 percent higher compared to the same month last year. For the calendar year so far, cargo volume at the port is up 5…
Full ahead: new generation of carrier alliances and slot/vessel sharing arrangements; SM’s (Bullet) Line; FWE for Hanjin. On April 1, 2017, the new generation of carrier alliances became reality. In the run up to April 1 there was a flurry…
Frederick J. Harris, recently retired president of General Dynamics NASSCO and Bath Iron Works shipyards, has joined the operating executive board (OEB) of private equity firm J.F. Lehman & Company.The OEB is a group of industry and government…
“Our belief is that a reduced environmental impact is also essential for long-term profitability,” said Stena Line's CEO, Niclas Mårtensson. “This is why sustainability is included as a central part of our strategy and why we have set ambitious sustainability targets…
Saqr Port, part of Rash Al Khaimah (RAK) Ports, has signed a contract with the Damen Shipyards Group for the delivery of an ASD 2913 tug. The vessel will be built a short distance away at Albwardy Damen in Sharjah and will be delivered in time…
Samskip has unveiled an online CO2 carbon footprint calculator designed to visualize the benefits when using multimodal transport versus road transport. Previously, when a client requested the carbon footprint of a specific unit load, a reliable answer was hard to find…
Crude oil tanker company DHT Holdings rejected on Sunday a fifth takeover proposal from shipping tycoon John Fredriksen's Frontline. A statement from DHT Holdings said that its Board of Directors has unanimously rejected Frontline April…
London has risen from sixth place overall in 2015 to fifth place this year the world’s top maritime centre in Menon Economics’ Leading Maritime Capitals of the World report for 2017 – despite the uncertainty of Brexit. UK Chamber of Shipping…
