In the first six months of the accounting year 2015 the Swedish Club made a deficit of USD 6.3 million. The result was affected by lower returns from both the technical- and non-technical accounts. Underwriting performance registered…
The Government of Swaziland, despite being entirely landlocked, has backed a plan to build a channel to the Indian Ocean, the latest in the 21st century’s epic round of global canal construction. Officials in Swaziland has confirmed…
United Arab Shipping Company (UASC) has launched two new West Africa services, WAF2 and WAF3, to enhance schedule reliability and cater to growing demand. The new services, effective September 2015, will operate in addition to UASC’s existing WAF1 service…
CMA CGM and Ocean Three partners announced optimization on Asia-Europe routes, which aims to reduce capacity and to improve the rates efficiency. The Ocean Three Alliance have decided to harmonize FAL2 and FAL3 in order to adapt to the current market situation between Asia and Europe…
The death toll from a wooden boat that capsized last week with Indonesian migrant workers off Malaysia's west coast has risen to 61, reports Reuters. Another 20 Indonesians have been rescued. Malaysian maritime official Mohamad Hambali Yaakup says rescuers have retrieved the bodies of 37 men…
South Korea is moving ahead to introduce refurbished S-3 Viking anti-submarine warfare (ASW) planes to counter threats from North Korea, Yonhap reported quoting a military source. The proposal to incorporate 12 former U.S. Navy Vikings…
New Zealand is set to welcome a record number of cruise ships this summer, including an unprecedented six ships making their inaugural visits to the country. 28 ships from its members' fleets would cruise to New Zealand over the coming…
Iran has received a proposal from Spain to use its terminals to export Liquefied natural gas (LNG) to Europe, reports Press TV The proposal was discussed during the meeting of Iran’s Oil Minister Bijan Zangeneh with the visiting Spanish Minister of Industry…
In July, Jotun and Dalian Ocean Shipping Company (a wholly-owned subsidiary of China Ocean Shipping Company, Cosco Group), celebrated the 10,000th application of SeaQuantum, Jotun’s premium antifouling, to their 297,336-dwt tanker, Cosrich Lake…
Eleven container vessels owned by Bernhard Schulte GmbH & Co. KG, based in Germany, are to be retrofitted with Wärtsilä Aquarius Ballast Water Management Systems (BWMS). This is one of the largest single retrofit contracts thus far issued for BWMS solutions…
Hornblower Cruises & Events (HCE) has just named Gordon Loebl Senior Vice President, Marine Operations, according to Chairman and CEO Terry MacRae. Loebl will be responsible for supporting Hornblower Cruises & Events’ multiple home ports…
NYK signed a joint-venture agreement with Ports Development Company (PDC)* to establish NYK’s first exclusive RORO terminal operating company at King Abdullah port (KAP)** on the Red Sea coast of Saudi Arabia. This terminal named KAP RORO Terminal…
Transocean Ltd. today announced that Lars Sjöbring, Senior Vice President and General Counsel, has informed Transocean that he will be leaving the company. Mr. Sjöbring has agreed to aid in the search for a replacement, but will resign no later than December 31…
The United States Department of State awarded a contract to Willard Marine, Inc., to provide the Philippine National Police Maritime Group with patrol vessels equipped to conduct search and rescue operations along Philippine maritime borders…
Secretary of the Navy Ray Mabus announced today that the next Freedom-variant littoral combat ship will be named USS Minneapolis/St. Paul (LCS 21).The future Minneapolis/St. Paul was named to honor the citizens of Minnesota’s Twin Cities who have a long and proud history of naval service…
