International trade is subjected to diverse and wide controls and customs regulations that need to be met to ensure that traded goods are entering and exiting legally.If a delay occurs, the entire plan gets affected. A delay causes increased expenses such as storage costs…
Aon and HudsonCyber are joining forces to provide enterprise-level cyber security capability assessment, integrated cyber breach response, and mitigation support to the global marine industry.“We see a real need for collaborative thinking in…
The Maritime and Port Authority of Singapore (MPA) is investigating bunker craft operator Southernpec (Singapore) Pte Ltd for equipment tampering during a bunkering operation, the agency said in an email on Monday.The MPA had previously suspended…
The President says he wants to make American great again, so why is he trying to destroy the principal support system for America’s maritime industry? This week, we learned that President Trump is “seriously considering” issuing a broad waiver for the Jones Act…
A federal grand jury in Wilmington, Delaware, returned a six-count indictment today charging Chartworld Shipping Corporation, Nederland Shipping Corporation, and Chief Engineer Vasileios Mazarakis with failing to keep accurate pollution control records…
Two Swedish shipping companies - Wallenius and Swedish Orient Line (SOL) - have formed a shipowning joint venture that will sail from ports in Sweden and Finland.The company has five ships so far and plans to order four LNG-powered newbuilds…
Sudan's military rulers on Tuesday suspended a contract with Philippine port operator International Container Terminal Services Inc pending its cancellation, the country's Transitional Military Council said in a statement.Workers at Port Sudan's…
Qatar Gas Transport Company (Nakilat), a shipping and maritime company with the world's largest LNG shipping fleet, reported a 9 percent increase in profit for the first quarter of this year ended March 31, 2019.Nakilat reported a net profit of 236 million Qatari Riyals ($64…
$1 Million Will Go to Projects that Support Cleanup of Marine Pollution, Preservation of Aquatic Life, and Restoration of Shorelines around Newark Bay.A shipping company based in Italy today admitted discharging oily waste and other pollutants into the sea and then lying about it…
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…
