China was warned by many the United States and the European Union that it should respect a ruling later this year on its dispute with the Philippines over territory in the South China Sea, reports Reuters. In a message has been sent to China…
The cash-strapped Indian shipbuilder ABG Shipyard will likely close the deal for a 51 per cent stake sale by the end of this financial year, its managing director and CEO Syed Abdi said. Syed said the company had narrowed it down to one…
The International Chamber of Shipping, as the Secretariat for the Shipowner Group at the International Labour Organization (ILO), co-ordinated employers’ representatives at the Ad Hoc Tripartite Maritime Committee on the Seafarers’ Identity Documents Convention (Revised)…
The International Chamber of Shipping, as the Secretariat for the Shipowner Group at the International Labour Organization (ILO), co-ordinated employers’ representatives at the Ad Hoc Tripartite Maritime Committee on the Seafarers’ Identity Documents Convention (Revised)…
Hong Kong-based shipping giant Orient Overseas Container Line (OOCL) said it would not accept cargo bookings for whale, shark, dolphin and their related products with immediate effect. In a statement the container shipping firm said: 'In…
The Greek privatization fund TAIPED formally accepted the binding bid submitted by Cosco Pacific for the majority stake in Piraeus Port Authority (OLP), while the port company’s stock posted a significant increase on the Athens bourse in response…
The tanker company Norstar is setting up a new Commercial Management joint venture based in Westport Connecticut USA named Norstar Chartering (USA) LLC. The new entity is a collaboration between brothers Chris and Tom Bonehill, principals…
15 container liner shipping companies have said they will stop publishing and communicating general rate increases (GRIs) that are expressed solely as an amount or percentage of the change, says the European Commission. Shipper representatives…
San Francisco, California-based CAI International Inc. (CAI) has reported a fourth-quarter loss of $12.6 million, compared to the profit in the same period a year earlier. CAI aid it had a loss of 62 cents on a per-share basis. Earnings…
Canadian Environmental Assessment Agency (CEAA) has ruled that Pacific NorthWest LNG’s project in British Columbia would likely harm harbour porpoises and contribute to climate change, but the export terminal could be built and operated without causing major ecological damage…
UPS, one of North America’s largest intermodal shippers, has told federal regulators that it is against Canadian Pacific Railway's (CP's) proposed acquisition of Norfolk Southern Corp. (NS). UPS' thumbs-down has dealt a severe blow to CP's $28 billion bid to acquire U…
The owner of a harbor tanker has been fined £3,000 with more than £7,000 costs after pleading guilty to a charge of operating a vessel for being dangerously unsafe. Joseph O’Connor was fined at the hearing in Southampton Magistrates Court…
The International Chamber of Shipping (ICS), as the Secretariat for the Shipowner Group at the International Labor Organization, coordinated employers’ representatives from more than 20 national shipowners’ associations at the second meeting…
San Donato Milanese (Milan), February 10, 2016 – Saipem S.p.A., informs that today Moody’s, through the publication of a press release on its website [www.moodys.com] given below has communicated that it has placed under review the provisional issuer rating of '(P) Baa3 ' attributed to Saipem…
Fifteen container liner shipping companies 'have offered to change their pricing practices to settle an EU antitrust probe and stave off possible fines,' according to a report from Reuters Wednesday that cites two unnamed sources. Container…
