Chinpo Shipping Company was fined a total of $180,000 on Friday (Jan 29) for transferring funds that could reasonably have been used to contribute to North Korea's nuclear programme and for running a remittance business without a valid licence…
Greek dry bulk shipping company Diana Shipping has entered into a time charter agreement with Geneva-based SwissMarine Services S.A. for its Capesize dry bulker the m/v Houston. The gross charter rate is US$5,150 per day, minus a 5% commission paid to third parties…
Indian Government has initiated procedures for sale of shares of Cochin Shipyard Limited (CSL) by seeking expression of interest (EoI) from merchant bankers to manage the initial public offering (IPO). The listing will involve the sale of some 33…
Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva…
InterManager has described as ‘abhorrent’, the decision by Spain’s Supreme Court to sentence the Master of the Prestige oil tanker, which sank off Spain's northwest coast in 2002, to two years in prison and has called on the shipping industry…
Spain wins Prestige appeal, branding Capt Mangouras a reckless criminal Spain’s Supreme Court has overturned the 2013 verdict of the Spanish court of first instance in La Coruna which had acquitted Capt Apostolos Mangouras, Master of the Prestige…
The Navy will christen its newest Freedom variant littoral combat ship, USS Sioux City (LCS 11), during a 10 a.m. CST ceremony Saturday, Jan. 30 in Marinette, Wisconsin. Sioux City, designated LCS 11, honors the city of Sioux City, Iowa. Adm…
Swiss Mediterranean Shipping Co. (MSC) has finalized the acquisition of CP Carga, the freight and logistics unit of Portugal’s state-owned railway. MSC Rail, railway company of MSC, has completed the acquisition of the CP Carga - Logística e Transportes Ferroviários de Mercadorias SA…
After acquiring control of Greece's Piraeus Port Authority SA, China Ocean Shipping (Group) Company (COSCO), is now bidding to run the port of Limassol on the island of Cyprus, in a bid to extend its reach in the Mediterranean Sea. A total…
Recent reports that some would-be rescuers do not fully understand the legal context of rescue at sea, and may have been deterred from helping people in distress because of possible legal action by local authorities seeking to counter trafficking activity are misplaced…
Adani Hazira Port Private Limited (AHPPL), a 100% subsidiary of Adani Ports and Special Economic Zone Limited, had challenged the order dated 8.1.2016 passed by the National Green Tribunal, Pune, inter alia, cancelling the EC 3.5.2013 for expansion of facilities at Adani Hazira Port…
The International Association of Classification Societies is pleased to announce the release of the 2016 edition of its IACS Blue Book.The latest release of the Blue Book package continues to enhance IACS technical support to the shipping industry through our work and investment in technology…
The International Maritime Club presented Meena Mathews, GAC’s Regional P&I Manager for the Middle East, with its Excellence in Marine Claims Management accolade at the IMC Excellence Awards ceremony at the Ocean Blue in Sharjah, UAE, this week…
UK Seafarer statistics launched today show a slight overall increase of 2% from 2015, rising to 23,380 at the end of June 2015. However, UK Chamber CEO, Guy Platten, warns that decisive action will be necessary to ensure future growth The…
Norfolk Southern Railway has announced disappointing financial results, and a cost-cutting plan that could eliminate two thousand jobs over the next four years. Norfolk has assured shareholders that despite weak carload volume and tumbling…
