A merger between United Arab Shipping Company (UASC) and German container shipping line Hapag-Lloyd will create a shipping group that is the 5th largest in the world and will give Hapag-Lloyd access to bigger ships on the important Asia to Europe trade route…
Effective July 1, Mitsubishi Heavy Industries, Ltd. (MHI) will change the corporate name of its turbocharger and engine operations base in North America from Mitsubishi Engine North America, Inc. (MENA) to Mitsubishi Turbocharger and Engine America…
CMA CGM S.A has crossed the compulsory acquisition ownership threshold in Neptune Orient Lines Limited (NOL). Following its all-cash voluntary conditional general offer (Offer) for NOL which was launched on June 6th, 2016, CMA CGM now owns 2…
ClassNK has been informed by Australian Maritime Safety Authority (AMSA) that during PSC inspections it has been increasingly reported that vessels have been detained because PSCO considers a deficiency regarding ECDIS means evidence of insufficient ISM performance of the vessel…
Container shipper CMA CGM S.A. has crossed the 90 percent ownership threshold in Neptune Orient Lines Limited (NOL), enabling it to bring the Singapore company private. Following its all-cash voluntary conditional general offer (Offer) for NOL which was launched on June 6…
The OW saga - UAE Federal Supreme Court decides that physical suppliers of bunkers have no right to recourse against Owners/Charterers.In the first decision on the issue from the most senior court in the country, the UAE Federal Supreme…
The port of Antwerp is to collaborate with Dalian Maritime University (DMU) in northern China for the next three academic years. DMU is a prestigious Chinese maritime university whose alumni include many prominent figures in the shipping industry…
There are rumours among observers that the market leader Maersk Line is planning to acquire South Korea’s shipping major Hyundai Merchant Marine (HMM). Neither company has commented on the matter. Both companies were tight-lipped today on merger talk…
The winners of ISWAN's International Seafarers' Welfare Awards 2016 were announced on 24th June at a high-profile ceremony held in Manila, the Philippines. The ceremony forms part of ISWAN's celebrations in the Philippines for the IMO Day of the Seafarer…
On 1 December 2016 two new Traffic Separation Schemes (TSS) will come into effect off the south-west coast of Western Australia.Australia’s proposal to establish the schemes was approved by the International Maritime Organization earlier…
Ministry of Shipping has formulated a new Berthing Policy for Dry Bulk Cargo for all Major Ports which will come into effect from 20th August, 2016. The objective of the new Berthing Policy is to: • Provide a standardized framework for calculation of norms…
Statoil has decided to launch a large project to write the story about the company for its 50th anniversary in 2022. The University of Oslo has been chosen the main supplier in a project that will also involve other Norwegian research institutions…
MISC Berhad (MISC) today announces the publication of its 2015 Sustainability Report, covering the Company’s commitment, strategy and performance for the year ended 31 December 2015 and progress towards its sustainability goals. President…
Jacques Vandermeiren (52) has been appointed CEO of Antwerp Port Authority as of 1 January 2017. He succeeds Eddy Bruyninckx who after 25 years at the head of the Port Authority is retiring on 31 December 2016. Until January 2015 Vandermeiren held the position of Chief Executive Officer of Elia…
BIMCO has published three standard novation agreements that provide a legal framework to change one of the original parties to a contract. Two of the agreements cover time charter parties; one provides for a change of charterer and the other a change of owner…
