Damen Shipyards Group has developed a committed response to the increasing number of laid up Platform Supply Vessels (PSVs) resulting from the current predicament facing the offshore oil and gas industry. The Dutch company’s solution involves…
DryShips an international owner of drybulk carriers and offshore support vessels, today announced that it has entered into an agreement to increase its secured revolving facility (“Revolver”) provided by an entity controlled by the Company’s Chairman and CEO…
On March 17, Hokuetsu Ushaka, a wood-chip carrier operated by NYK Line, rescued 14 people in distress off the Coast of Chile.While the NYK vessel was sailing from Japan to Chile in the South Pacific Ocean on March 16, the ship received an alert from a troubled raft…
Lokring Northern (UK), provider of advanced fluid and gas transfer connectors, is celebrating significant expansion and growth with several new appointments within the company. A recent restructure to accommodate this continued growth has…
At the United Nations in New York, the International Chamber of Shipping (ICS) is representing the interests of shipowners at the opening session of a UN Preparatory Committee starting work on a new legal instrument under the United Nations Convention on the Law of the Sea (UNCLOS)…
DP World Group Chairman and CEO HE Sultan Ahmed bin Sulayem recently met the President of France, Francois Hollande and senior government and business leaders at a major investment summit at the Élysée Palace in Paris.France’s attractiveness…
The first container ship belonging to Iran's IRISL docked at Antwerp after departure Homburg.According to MANA, a cargo ship belonging to Iran's IRISL docked at Antwerp as her second port, becoming the first Iranian ship to reach Europe after a hiatus of over six years…
Hyundai Merchant Marine (HMM), FESCO and CMA CGM announced the launch of a new China-Korea-Russia weekly service, under the name ‘CRS (China Russia South Service).’Prior to the launch, HMM has been jointly operating two services ‘KRS (Korea…
COSCO-PSA Terminal Pte Ltd (CPT), a joint venture company formed by Cosco Pacific Limited (Cosco Pacific) and PSA Corporation Limited (PSA), is investing in new container berths in Singapore capable of serving the next generation of mega container vessels…
Diana Shipping Inc has inked new time charters with Glencore Grain B.V., Rotterdam for two of its panamaxes at rates below the previous charters, with the contracts commencing on March 26. Diana entered into a time charter contract with Glencore for 74…
Cosco Pacific Ltd.'s 2015 net profit rose 30% from a year earlier on the back of a write back of a provision. It recommended a final dividend of 22.9 Hong Kong cents a share. The full-year net profit was US$381.6 million compared with US$292…
DNV GL’s fleet performance management solution ECO Insight has become an incentive provider for the Environmental Ship Index (ESI), a voluntary system designed to improve the environmental performance of sea going vessels. DNV GL offers…
Maersk line's Annual Award Night recognizes the best performing logistics solutions providers and top customers of Maersk Line for the year 2015 For the fourth time in a row, Al Sharqi Shipping was awarded the Maersk Platinum Award, recognizing…
Flirtey Claims First Fully Autonomous, FAA-Approved Urban Drone Delivery in the U.S. As the aerial drone industry comes under increasing scrutiny regarding safety issues, Flirtey reports that it has completed the first fully autonomous, FAA-approved urban drone delivery in the United States…
Jo-Kell, Inc., an electrical distribution, engineering and solutions provider servicing the military, commercial marine and industrial marketplaces, is expanding its ability to serve customers on the U.S. West Coast with the opening of a sales office in…
