The Freeport of Riga in Latvia has announced that it has signed a cooperation agreement with the Port of Qingdao in China, one of the ten busiest ports in the world.According to a statement, the goal of the agreement is to facilitate trading…
Japanese shipping giant Mitsui OSK Lines (MOL) will buy Reliance Industries (RIL) stakes in Singapore-based Reliance Ethane Holding (REHPL) which has a fleet of six very large ethane carriers (VLECs).RIL has 100% holding in six limited liability companies (LLCs) which own the VLECs…
ABS and representatives from the Cargo Incident Notification System (CINS) form a joint industry project to develop best practices for carriage of dangerous goods. ABS and leaders representing the Cargo Incident Notification System (CINS)…
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that it has completed a $103.2 million sale and leaseback transaction for three MR2 product tankers and two LR1 product tankers. The proceeds have been used to refinance $82…
Marijuana use remains incompatible with sea service despite changes in state laws.Every year, dangerous drug use disrupts or destroys the careers of hundreds of professional mariners, threatening safety throughout the maritime transportation system at the same time…
The 157th Annual Meeting Hears How Safety Leadership is Driving Sustainability in Maritime. ABS held its 157th Annual Meeting on Tuesday, detailing the organization’s performance and future focus to its members. “In 2018, we delivered solid…
Acquisition part of $60 million investment in Honolulu terminal improvements.Matson has received three new 65 long-ton capacity gantry cranes at its Honolulu hub terminal at Sand Island. The biggest ship-to-shore container cranes to be deployed at any commercial harbor in Hawaii…
BIMCO's Peter Sand, in a new report, weighs in on the implications for the Dry Bulk sectors.Chinese imports of iron ore keep falling, while its crude steel production keeps growing. China’s increased use of scrap metal for its production of…
Brisbane has launched the construction of the new International Cruise Terminal, heralding the start of a new era for Queensland's economy.The $158 million project is scheduled to open in October next year, with the potential to more than double Brisbane's cruise industry…
The maritime solutions company with expertise in ship management Wallem said that it has updated its corporate identity to mark the beginning of a shift in its service offering that will harness the latest technology to improve asset management…
A total of 10 incidents of armed robbery against ships (comprising nine actual incidents and one attempted incident) were reported in Asia during January-March 2019 compared to 21 incidents (comprising 15 actual incidents and six attempted incidents) during January-March 2018…
Countries in Asia, led by Indonesia, are increasingly relying on shipping containers to transport their purchases of U.S. soybeans, according to an analysis of federal data released by the Illinois Soybean Association (ISA).The number of soybeans…
On 24 January, the IMO issued updated guidelines on fatigue. This is just another in a long series of band aids that attempt to cover over the problem without providing a solution. Fatigue is a long-standing weakness in the maritime industry…
On April 15th, 2019, a large bunker supply vessel (BSV) for liquefied natural gas (LNG) “Kairos” provided LNG in a ship-to-ship bunker operation to a product tanker. “Fure Valö”, a vessel of the tanker pool managed by the Gothia Tanker Alliance…
The Port of New Orleans’ (Port NOLA) Strategic Master Plan, Port NOLA Forward, will earn the Port a Silver 2019 National Planning Achievement Award for Economic Development Planning from the American Planning Association (APA) for identifying and seizing upon economic growth opportunities…
