A gas explosion has taken place at the Volzhsky Ship Repair Yard in Russia’s Volgograd Region, Tass reported quoting a source in the regional head office of the Russian Emergencies Ministry.The report said quoting unnamed sources said at least…
Seoul-listed South Korean shipbuilder Samsung Heavy Industries (SHI) sunk into the red in the second quarter, on increased costs and one-off losses.SHI said in a regulatory filing that it posted a net loss of 142.7 billion won ($126 million) in the second quarter…
With a net profit of USD 0.8 million, Scorpio Bulkers shows positive results in the second quarter of 2018 compared to a net loss was USD 13.4 million for the the same period in 2017.Total vessel revenues for the second quarter of 2018 were $60…
A US District Court for the District of Columbia announced that it will grant the Federal Trade Commission’s (FTC) motion for an injunction to block Wilhelmsen’s acquisition of Drew Marine Technical Services.Consequently, Wilhelmsen and Drew have agreed to abandon the transaction…
Littoral countries to the Caspian Sea have made a groundbreaking commitment to evaluate the likely impact that development projects will have on the environment in each other’s states.High-level representatives from Azerbaijan, Iran, Kazakhstan…
MOL Group’s Croatian INA agreed to buy Eni Croatia BV, a wholly-owned member of Eni Group, through which Eni participated in the joint project of gas production in Croatia’s offshore areas Northern Adriatic and Marica.INA will become the 100%…
Icelandic fisheries company Samherji though Samherji Holding has acquired a substantial share in Eimskip, Iceland’s longest-established and largest shipping operator.The company has a total of 25.3% stake in the company and the purchase price is about 11 billion Icelandic krona…
A Final Rule published today by the U.S. Federal Maritime Commission (FMC) offering deregulatory flexibilities for non-vessel-operating common carrier (NVOCC) negotiated rate arrangements (NRAs) and NVOCC service arrangements (NSAs) will go into force on August 22…
Hindustan Infralog (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), announced that the transaction to acquire 90% stake in Continental Warehousing Corporation (Nhava Seva) Ltd in India has now closed…
The European Union (EU) and Japan signed the EU-Japan Economic Partnership Agreement during the 25th EU-Japan summit in Tokyo. The European Shipowners welcome the signing of a highly ambitious trade agreement between two of the world's largest economies…
After Hurricane Maria struck Puerto Rico with devastating force on September 20, 2017, a number of news reports claimed that the Jones Act had severely damaged the Puerto Rican economy, both over time and in the immediate aftermath of the storm…
Dorian LPG confirmed that Oslo-based BW LPG BW LPG has submitted the names of three director candidates to stand for election at Dorian's 2018 Annual General Meeting of Shareholders. Dorian LPG, is a fully-integrated liquefied petroleum gas…
Brazil's federal police sought to arrest some 64 people on Tuesday as part of a cargo theft investigation, police said in a statement, as Latin America's largest economy seeks to gain control over its increasingly insecure highways.The operation…
Marine fuel services provider Pegasus Maritime (Singapore) Pte Ltd has lost its licence to operate bunker crafts in the port of Singapore effective July 16, the Maritime And Port Authority (MPA) of Singapore said on Monday.The MPA has revoked…
The British Ports Association has welcomed the Government’s Brexit White Paper which outlines the UK’s aims for a future economic relationship with the EU. Included in the White Paper is the much publicised Facilitated Customs Arrangement…
