Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that it has completed a $103.2 million sale and leaseback transaction for three MR2 product tankers and two LR1 product tankers. The proceeds have been used to refinance $82…
Marijuana use remains incompatible with sea service despite changes in state laws.Every year, dangerous drug use disrupts or destroys the careers of hundreds of professional mariners, threatening safety throughout the maritime transportation system at the same time…
The maritime solutions company with expertise in ship management Wallem said that it has updated its corporate identity to mark the beginning of a shift in its service offering that will harness the latest technology to improve asset management…
Piracy and Armed Robbery against Ships in Asia 1st Quarter Report January to March 2019Overall SituationA total of 10 incidents of armed robbery against ships (comprising nine actual incidents and one attempted incident) were reported in Asia…
The Bahamas Maritime Authority (BMA) announces the appointment of Captain Dwain E. Hutchinson as its Managing Director and Chief Executive Officer. Captain Hutchinson succeeds Commodore Davy F. Rolle, who stepped down as Director last year.Captain Hutchinson is a proud Bahamian from Nassau…
French shipping giant CMA CGM has completed its public tender offer to acquire CEVA Logistics.The French carrier has confirmed the acquisition of Ceva Logistics after announcing it holds 97.89 percent of the company’s stock and will therefore de-list it from the Zurich Stock Exchange after April 16…
The global container shipping company CMA CGM Group and maritime lawyer Gina Lee-Wan, Partner and Co-Head of Maritime and Aviation Practice at Allen & Gledhill, recognised at Singapore International Maritime Awards 2019.'CMA CGM and Mrs Gina…
Gold Talent, Cosco Shipping Logistics and JD Logistics entered into a cooperation agreement to jointly invest in online logistics platform EShipping through a joint venture (JV) formation.Gold Talent is a wholly-owned subsidiary of Hong Kong…
Two companies filled lawsuits this week in federal courts in Texas alleging that ships they operated in 2018 were damaged by contaminated bunker fuel sold by a Valero Energy Co subsidiary Valero Marketing and Supply Co, according to court documents…
Stephen Wang is counting the costs of President Donald Trump's trade war. He had to put down 12 times more cash as a guarantee to U.S. customs that he would pay the bill for tariffs on the Chinese-made pumps, valves and motors he imports.The cost of the guarantee - a U…
A small tanker that was hijacked by migrants off Libya docked in Malta's port of Valletta on Thursday after Maltese special forces took control of the vessel, a Reuters witness said.Cargo ship Elhiblu 1 had picked up 108 migrants stranded at sea…
Shipowners Claims Bureau, Inc. (SCB), Managers of the American Club, has announced several senior appointments which have been made to enhance the capabilities of its global service teams.At the Club’s headquarters in New York, Margaret Lee has been appointed as Lead Counsel…
Tehran has in the past threatened to block the Strait of Hormuz, a major oil shipping route at the mouth of the Gulf, in retaliation for any hostile U.S. action, including attempts to halt Iranian oil exports through sanctions.Still, the U.S…
European logistics provider Rhenus Group has acquired South African freight forwarding and logistics specialist World Net Logistics (WNL).The takeover of the Johannesburg-headquartered firm WNL is still subject to approval by the relevant cartel authorities…
The biggest cargo shipping company in Israel, Zim Integrated Shipping Services Ltd (ZIM) reported a revenue of nearly $3.25 billion in 2018, the highest in the last 4 years, reflecting an increase of 9.1% compared to $2.98 billion in 2017.However…
