Global ports operator DP World has struggled to borrow from banks to finance new investments since a port it partially owns in Djibouti was seized by the government there in 2018, its chairman said on Monday.'We are investing but it is costing us more…
On Friday, BunkerTrace, the unique blockchain and DNA- based fuels tracking solution, announced its commercial launch shortly after a successful trial in the Netherlands on Thursday, October 3, which was conducted in partnership with Cooperative Bebeka…
Two large-capacity Sovcomflot tankers using cleaner-burning LNG as a primary fuel, Mendeleev Prospect and Lomonosov Prospect, have successfully completed their respective voyages eastbound along the Northern Sea Route (NSR).Lomonosov Prospect has reached Cape Dezhnev…
CMA CGM launches SHIPFIN Trade Finance, its new range of import and export financing solutions.An innovative offering of simple, reliable and rapid financial services;Two complementary solutions for importers and exporters: Supply Chain Financing and Cargo Financing…
NYK’s two future concept ships — NYK Super Eco Ship 2030 and NYK Super Eco Ship 2050 — were recently displayed for a few months at the Yokohama Port Museum, where NYK also sponsored a talk to introduce children to insightful aspects of life aboard ships and as a seafarer…
The adoption by the IMO of the International Code for Ships Operating in Polar Waters (Polar Code) makes it mandatory for ships sailing into Artic or Antarctic waters to demonstrate that extra precautions have been taken in relation to safety…
Danish shipping company A.P. Moller-Maersk adjusted its expectations for its 2019 profit upwards on Monday following lower fuel prices and capacity management in the third quarter.Maersk said it expects earnings before interest, taxes, depreciation and amortisation (EBITDA) in the range of $5…
As day-to-day operations at sea become ever more reliant on information and communication technology (ICT), mobile satellite communications company Inmarsat has published a practical guide to help ship managers build onboard networks that are resilient and reliable…
Qatari shipping and maritime company Qatar Gas Transport Company (Nakilat) reported a 10.5% year-on-year increase in net profit to QR728mn (USD 200 million) in the first nine months of this year.Nakilat, which has the largest LNG shipping fleet in the world…
Dutch shipbuilding giant and Maris Projects, a player in marine and oceanographic data management services, have joined forces to tackle the issue of invasive Sargassum seaweed in the Caribbean region – including the Dutch Caribbean Islands…
Dredging services provider Royal Boskalis Westminster N.V. and biofuels supplier GoodFuels are set to take the next key step in the ‘Boskalis on Bio’ program for the testing of sustainable bio-fuel oil.Following earlier successful tests with ‘drop-in’ blends of light biofuel and marine gas oil…
The first building-block for AIDA Cruises’ second LNG-fueled cruise ship was put in place at the Neptun Werft shipyard in Rostock, Germany.The two trainees, Charleen Hoffmann (AIDA Cruises) and Kenny Schaft (Meyer Werft shipyard) placed the…
Cyprus-based dry bulk shipping company Castor Maritime has acquired its third Panamax dry bulk carrier for $10.2mln.The global shipping company specializing in the ownership of dry-bulk vessels informed that through a separate wholly-owned subsidiary…
On October 18 the U.S. Coast Guard issues a Request for Information (RFI) for information and planning purposes only.On October 10, 2019, the U.S. Department of Homeland Security approved and granted extraordinary relief to Eastern Shipbuilding Group…
– The Simple Secret to Making Randomized Exams Fair – In last month’s Training Tips for Ships, we made the important point that we must never give different people the same exam. If we use an exam over and over, our trainees will very quickly…
