The 13,092 TEU Neopanamax containership COSCO Development, which measures 366 meters in length and 48.2 meters in beam, today became the largest vessel both in dimension and capacity to transit the Expanded Panama Canal since it was inaugurated in June 2016…
Brazil's trade surplus rose to $6.969 billion last month, government data showed on Monday, a record for a month of April as prices for main exports such as soy, iron ore and oil rose. Exports totaled $17.686 billion and imports $10.717 billion…
Harrington Hoists, Inc. introduced its HFPSL, Four Point Sack Lifter Beam designed to lift bulk container sacks. The HFPSL is available in 1 and 2 metric ton capacities with outside spreads of 36 and 48 inches. The HFPSL Four Point Sack…
Four years after the arrival of the first Triple-E vessel, Maersk Line has now deployed Madrid Maersk, the first of its second-generation Triple-E containerships. With nearly 2,000 more TEU capacity than the prior generation Triple Es, the 20…
Thome Ship Management Pte. Ltd., has opened a modern training facility in Makati city in the heart of the Philippines, so that its seafarers and cadets can practise using the latest equipment which will be the same as the machinery they encounter once onboard…
Russia’s biggest tanker operator will launch four new vessels in 2018 that will run on liquefied natural gas (LNG), Bloomberg reported. Sovcomflot’s Aframax ships, capable of carrying 600,000 barrels of oil through the Baltic Sea to the port of Rotterdam…
Philippine President Rodrigo Duterte and Indonesian President Joko Widodo on Sunday launched a ferry route that will connect the two countries. The Davao-General Santos-Bitung roll on/roll off shipping service from Mindanao to North Sulawesi…
OEG Offshore, a global provider of cargo carrying units (CCUs) and A60 modules to the oil and gas industry, announced the merger of its U.S. business with Louisiana based cargo unit and logistics specialist Paragon Industries, Inc. The multimillion…
Breaking down the challenges of the 2020 sulfur cap can be confusing. Matti Bargfried provides a primer. What has happened so far? The IMO this October voted in its 70th session of the Marine Environment Protection Committee to globally cap the maximum amount of sulfur allowed to 0…
Effective May 1, Lasse Petterson has assumed the role of chief executive officer (CEO), a provider of dredging, environmental and remediation services. In his over 35-year career, Petterson has gained extensive experience in the engineering…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v New York. The gross charter rate is US$14…
Japan's top three shippers -Nippon Yusen KK (NYK), Mitsui OSK Lines and Kawasaki Kisen Kaisha - appear on course for net profit in fiscal 2017, buoyed by better market conditions and restructuring efforts, Reuters reported. The brighter outlook…
Eimskip has secured 80% financing of the contract price of the vessels with a 15 year tenor in Euros taken upon delivery. The lender is the German bank KfW IPEX-Bank GmbH. The loan is secured by China Export & Credit Insurance Corporation (Sinosure)…
Dubai Maritime City Authority visits Seacor Marine, a major operator of offshore marine support vessels, to further reinforce local maritime sector in partnership with private sector. Led by Amer Ali, Executive Director of DMCA, and Nawfal Al Jourani…
Euronav NV CEO Paddy Rodgers said that the company's financial results for Q1 was a confirmation of our thesis: short term challenges but a positive medium structure building for the tanker sector. On the positive side demand for crude oil remains robust…
