A.P. Moller-Maersk, the world's largest container shipping company, warned on Friday that trade tensions and an economic slowdown are slowing growth in global freight.Maersk, which is seen as an indicator of global trade patterns, cut its forecast…
Marshall Islands-incorporated Global Ship Lease (GSL) announced that it has agreed to acquire three 2004-built, 7,849 TEU containerships for an aggregate purchase price of $48.5 million.Upon delivery during the second quarter, the first vessel will commence a five-year charter with Maersk Line…
Few places offer the opportunity to get seasick without ever leaving dry land.Surrounded by moving images on high-definition monitors, students at the prestigious Texas A&M Maritime Academy in Galveston train every day aboard ship simulators…
The Canaveral Port Authority and Disney Cruise Line have reached a new 20-year agreement to expand operations and make Port Canaveral home for two of Disney Cruise Line’s three new ships. The new operating agreement will begin June 1, 2019…
Marlink will introduce a new hybrid communication service at Nor-Shipping 2019. Dubbed Sealink Global 4G, as a turnkey solution it is designed to provide everything needed to leverage fast, low-latency mobile services when in network range while…
PSA International Ptd Ltd (PSA), the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund (GIF) managed by IFM Investors have completed the transaction to jointly acquire DCT Gdańsk, the largest container terminal in Poland.DCT…
Greek shipping company Star Bulk Carriers Corp reported a net loss of $5.3 million, or $0.06 loss per share for the first quarter ended March 31, 2019.Net income for the first quarter of 2018 was $9.9 million, said the global shipping company…
KVH Industries (Nasdaq: KVHI) said that Ken Loke has been named Vice President – Asia Pacific, to direct all initiatives for KVH in this region. Loke has extensive experience in satellite and managed services with top companies active in the telecommunications and maritime industries…
Orion Group Holdings, Inc. (NYSE: ORN) a leading specialty construction company, has announced a contract award of approximately $160 million.The company’s marine segment has been awarded a contract from the Port of Seattle, Washington, for…
Optimarin is growing its staff to effectively handle the growing wave of ballast water management system refit activity.The company, which expects to double its turnover this year, has employed Leiv Kallestad as its new CEO, allowing Tore Andersen…
The Port of Tyne, which comprises the commercial docks in and around the River Tyne in Tyne and Wear in the northeast of England, is increasing their offer to potential offshore wind manufacturers.Offshore wind could provide 30% of Britain's electricity generation by 2030…
Germany’s largest universal port is again on a growth path, achieving a distinct advance in the first quarter of 2019 with seaborne cargo throughput ahead by 6.0 percent at 34.6 million tons.Both general cargo throughput at 23.9 million tons - up 5…
Liquefied natural gas (LNG) shipper Golar announced that it has decided to proceed with a spin-off of its Tri-Fuel Diesel Electric (TFDE) LNG carrier business as well as to focus its activities primarily on floating liquefied natural gas (FLNG) and downstream assets…
Their Majesties King Willem-Alexander and Queen Máxima of the Netherlands called at MV WERFTEN’s Rostock facility in the course of their working visit to Mecklenburg-Vorpommern. They were accompanied by the Dutch Infrastructure Minister Cora…
Tom Edwards has been named as ChartCo’s new Head of Procurement, and takes on the responsibility for global purchasing on behalf of ChartCo and its associated offices in this newly created role.Edwards has a strong procurement, purchasing and…
