CMA CGM SA has bought about 3.68 million shares of Singapore-based Neptune Orient Lines (NOL) on the open market at S$1.22 per share. The shares purchased make up 0.14 per cent of NOL's issued share capital, reports Straits Times. The purchase…
The world’s largest container carrier, Maersk Line is very disappointed that regulation of the shipping industry was left out of the COP21 climate deal. The Danish shipping giant wants to see shipping back in the final draft of the COP21 agreement…
Bulkcarrier investors are generally an optimistic lot, with little time for pessimistic analysts, says a research report by Clarksons. They know that however gloomy the forecasts, some time they will make a nice profit. After all, the ships last 30 years…
The orderbook to fleet ratio is a useful indicator of future supply growth, both across the industry as a whole and within sectors, according to a research report by Clarksons. Since peaking in 2008, the orderbook has fallen significantly as a percentage of the total fleet…
The Chinese navy has conducted live-fire exercises in the disputed South China Sea , reports Reuters. China claims almost all of the energy-rich waters, through which more than US$5 trillion of maritime trade passes each year. The Philippines…
U.S. President Barack Obama on Saturday hailed the landmark climate accord reached in Paris as strong and historic, calling it the best chance to save the planet from the effects of global climate change.'Today the American people can…
A global climate conference on Saturday adopted an international accord aimed at transforming the world's fossil fuel-driven economy within decades and slowing the pace of global warming.French Foreign Minister Laurent Fabius banged down his gavel to rapturous applause…
Time has come for most shipowners to apply for renewal of Bunker, CLC, Athens and Wreck Removal Certificates from the Danish Maritime Authority (DMA). Certificates must be renewed when the underlying insurance expires. Ships subject to…
The Arleigh Burke-class guided-missile destroyer USS Gonzalez (DDG 66) participated in a bilateral passing exercise (PASSEX), Dec. 11, with the Turkish Navy.PASSEXs are conducted to improve maritime capabilities between the U.S. Navy and other naval forces…
With the SOLAS Convention now requiring container weight verification from 1st July 2016 onwards following the amendment approved by the International Maritime Organization (IMO) last November, the Company of Master Mariners of India (CMMI)…
Semco Maritime entered into an agreement with Maersk Drilling for the expansion of accommodation rig Maersk Guardian, which will be inserted at various fields in the Danish part of the North Sea from September 2016. The order for Semco Maritime…
Chesapeake Shipbuilding Corp. said that Steven McGee, P.E. has joined the senior executive team as Director of Design and Engineering at Chesapeake Shipbuilding. With more than 20 years of engineering and maritime experience, McGee will…
Three key appointments have been made to the business development team at the world’s leading mass flow excavation (MFE) provider James Fisher Subsea Excavation. The company welcomed business development manager Jorge Anez and business development…
Clipper Group has appointed Peter Norborg new Group CEO, succeeding current chief Frank G. Jensen, who will continue with the company as Chairman of the Board. Norborg will commence work in Clipper on April 1, 2016. Norborg, 49, comes from…
Container shippers of the G6 alliance intend to maintain current service structure and operate as aligned through 2016, following news of CMA-CGM’s potential takeover of Neptune Orient Lines (NOL) announced earlier this week.Singapore-based NOL…
