The United Nations Conference on Trade and Development (UNCTAD) convenes meeting on ways to build sustainability into freight transport systems, including shipping, to boost trade with and between developing countries.According to UNCTAD, governments…
Pipeline transportation of natural gas company American Midstream Partners (AMID) has entered into a definitive agreement for the sale of its refined products terminalling business (Refined Products Terminals) to Sunoco, for approximately $125m…
Liberia has become the first ship registry to be admitted to the Maritime Anti-Corruption Network (MACN) as an associate member.Alfonso Castillero, CCO of the Liberian Registry, says, “The organization has done great work fighting corrupt practices…
BIMCO, the largest of the international shipping associations representing shipowners, said that it has revised and updated its two standard ship repair contracts: REPAIRCON, which is for major work at a repair yard; and MINREPCON, which is…
Marshall Islands-based Global Ship Lease (GSL) announced that it has completed the proposed merger deal with Greece's Poseidon Containers.According to a release from GSL, the combined company will have a fleet of 38 vessels with a total capacity of 198…
The National Transportation Safety Board announced Thursday its intent to hold a board meeting, Dec. 11, 2018, to determine the probable cause of the Jan. 14, 2018, fire aboard the passenger vessel Island Lady, in the waters of the Pithlachascotee River near Port Richey…
Sovcomflot concludes USD 149 million project credit facility for up to 10 years with three leading European banks.Sovcomflot (SCF Group) is pleased to announce that it has signed a new USD 149 million credit facility, for up to 10 years, with a consortium of three leading international banks…
A retired U.S. Navy captain pleaded guilty to criminal conflict of interest charges and a former U.S. Navy master chief was sentenced to 17 months in prison today on corruption charges. The defendants are among the latest U.S. Navy officials…
Remotely operated underwater vehicles (ROV) will be deployed to investigate containers lost from a cargo ship in heavy seas off Australia.The YM Efficiency, operated by Taiwan shipping company Yang Ming Marine Transport Corporation, was sailing…
Abu Dhabi National Oil Company (Adnoc) has awarded a 40 per cent stake in the Ruwais Diyab gas concession to French energy major Total.Adnoc group, for which the award is an important milestone to reach the target of 1 Bcfd of unconventional gas production before 2030…
Danish shipping company TORM has established a joint venture with scrubber manufacturer ME Production and Guangzhou Shipyard International (GSI).The joint venture, ME Production China, will manufacture and install scrubbers in China and deliver…
Maritime accident investigation reports for collisions, explosions, capsizings and allisions and the lessons learned within those reports are detailed in the National Transportation Safety Board’s Safer Seas Digest 2017, released online Thursday…
The Hague-based BAM International, together with JJM Construction (Canada) and Manson Construction (USA), has received the full order to build the new Rio Tinto BC Works Terminal A on behalf of LNG Canada.The mobilisation and construction works…
German shipping company Hapag-Lloyd AG more than doubled its bottom line in the third quarter compared to the same period last year on account of booking lower interest costs.The container carrier said in a press release that it made a net profit of 112…
The captain of the World War Two-style tourist 'duck boat' that sank on a Missouri lake during a storm in July killing 17 people was charged on Thursday with misconduct, negligence and inattention to duty by a federal grand jury, prosecutors said…
