Scorpio Bulkers Inc. informed yesterday that its board of directors has determined to effect a one-for-twelve reverse stock split of the Company's common shares, par value $0.01 per share, and a reduction in the total number of authorized common shares to 56…
China's state-owned shipbuilder Zhoushan Wuzhou Ship Repairing & Building Co. Ltd (ZWSRB) is first government-backed shipbuilder to go under since sector started having problems last year. Zhoushan Intermediate People's Court said it…
The Ministry of Shipping has taken many proactive and progressive interventions in the areas of shipbuilding, port development, inland waterways and coastal shipping this year for the development of the maritime sector in the country. The key initiatives includes Sagarmala Project…
Recent developments in the United States suggest that cybersecurity of the maritime sector will come under increasing focus in 2016, says Hogan Lovells. On December 16, 2015, H.R. 3878, “Strengthening Cybersecurity Information Sharing and Coordination in Our Ports Act of 2015…
China's cabinet on Tuesday (Dec 29) approved a deal that fuses two of the country's biggest state-owned transport and logistics firms, reports Reuters. China's cabinet has approved China Merchants Group's acquisition of Sinotrans & CSC Holdings Co…
Russian Maritime Register of Shipping (RS) brings to notice that the new amendments to the International Maritime Dangerous Goods (IMDG) Code will become mandatory on 1 January 2016. The amendments to the IMDG Code contained in Resolution MSC…
Iran Shipbuilding and Offshore Industries Complex Company (ISOICO) and Russian Krasnye Barrikady Shipyard has signed an Memorandum of Understanding (MoU) for ship building activities. According to a report by MNA, the MoU was signed by…
China is going after container shipping lines for freight rate abuses. The Chinese Ministry of Transport has fined a total of $65 million on price-fixing charges. The National Development and Reform Commission said in a statement that the…
Crewmembers aboard the Coast Guard Cutter Isaac Mayo repatriated 27 Cuban migrants to Bahia de Cabañas, Cuba, Saturday. This repatriation is a result of two separate migrant interdictions at sea, which both took place Friday, December 18…
NYK’s Ship Information Management System (SIMS), jointly developed by NYK and the Monohakobi Technology Institute (MTI; head office: Tokyo; president: Makoto Igarashi), has been recognized with Japan’s Minister of Land, Infrastructure, Transport and Tourism Award at the 2015 Eco-Products Awards…
The Shipping Corporation of India Ltd was awarded the Integrated Management System (IMS) Certification at its Head Office at Mumbai on 23rd December, 2015 by Arun Sharma, Chairman and Managing Director of Indian Register of Shipping (IRS)…
The first national workshop under the Global Maritime Energy Efficiency Partnerships GloMEEP), Project, which aims to support increased uptake and implementation of energy-efficiency measures for shipping, has been held in Georgia. Georgia is one of the Lead Pilot Countries for the project…
A quadcopter drone has helped navigate the Aurora Australis through the sea ice on its annual resupply voyage to Casey station.Flown off the aft deck of the ship, the unmanned aerial vehicle (UAV) provided the crew with real-time imagery of the sea ice conditions ahead of the ship…
NYK’s Ship Information Management System (SIMS), jointly developed by NYK and the Monohakobi Technology Institute has been recognized with Japan’s 2015 Minister of the Environment Award in the Technical Development and Commercialization category…
The Board of Directors of Essar Shipping Ltd. has appointed Capt. Anoop Sharma as the Managing Director of the company, effective 1st November 2015. Capt. Sharma joined Essar in 2008 and until recently, served as CEO & Wholetime Director of Essar Shipping Limited…
