CMA CGM, the world's third-largest container shipping firm, said it expected operating profits to improve further in the second half as the market continues to recover, and confirmed an order for nine giant vessels. The announcements by…
The 2017 annual Port of Kiel Prize has been awarded to Jörn Grage, Managing Director of SCA Logistics GmbH. The award was presented on Thursday evening, September 14th, by Dr Dirk Claus, Managing Director of the PORT OF KIEL (SEEHAFEN KIEL GmbH & Co…
Japanese car manufacturer Toyota Motor Corporation is turning to LNG-powered ships to transport its cars across the globe, according to a report from Japanese daily Nikkei. The company has backed an investment in up to 20 LNG-powered car carriers with the capacity to carry 7…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, touched a fresh near three-year high on Thursday, supported by firmer rates across vessel segments.The overall index — which factors in rates for capesize…
Euroseas announced that it signed a memorandum of agreement to purchase the M/V EM Athens and EM Oinousses, both feeder size containership vessels of 2,506 teu built in 2000. The Company also announced that it acquired the option to purchase from Euromar two additional container vessels…
Global Ship Lease, Inc., a containership charter owner, has announced that it has signed time charter extensions with CMA CGM for two 2,207 TEU containerships, the 2002-built Julie Delmas and the 2003-built Delmas Keta. The vessels will…
Swiss Climate EcoCare is the first native German Company to enter a strategic agreement with the Liberian Registry with regards to the emissions guidelines, referring to EU-MRV and IMO DCS. Swiss Climate is a longtime expert in emission related topics…
Fifteen tankers will be built at South Korean shipyards to transport the products of the Yamal LNG plant, TASS cites Russian President Vladimir Putin as saying. “We have noted with satisfaction the successful cooperation in the energy sector…
The 14,400 TEU capacity CMA CGM Theodore Roosevelt became the largest container ship to call the port of New York and New Jersey when it arrived at the APM Terminals Elizabeth container terminal. The ultra-large container ship also established…
Mitsui O.S.K. Lines (MOL) announced that on August 31, the MOL-operated car carrier Swan Ace (capacity: 6,400 standard passenger cars) called at the Port of Kisarazu in Chiba Prefecture and loaded 800 used vehicles. It was the first call…
DryShips Inc, a diversified owner of ocean going cargo vessels, has announced that it has taken delivery of the previously announced high specifications second newbuilding Very Large Gas Carrier (VLGC). The VLGC will be employed under a…
The Port of New Orleans welcomed the return of roll-on, roll-off service with the inaugural call of the Bahri Yanbu, a new state-of-the-art multipurpose vessel, in mid-August at the Nashville Avenue Terminal Complex operated by Ports America…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, touched a near 5-month high on Thursday, driven by stronger demand across vessel segments.The overall index, which factors in rates for capesize…
German shipping group Rickmers, which filed for insolvency in June, said on Thursday its ship management unit had the all-clear to continue business after it was bought by Bremen-based Zeaborn Group and owner Bertram Rickmers.The company…
Eagle Bulk Shipping, one of the world’s largest owner-operators in the Supramax/Ultramax segment, announced that it has taken delivery of the M/V Westport Eagle, the ninth and final Crown-63 Ultramax dry bulk vessel acquired from Greenship Bulk Trust…
