Norway is going to build the world’s first tunnel for ships, a 1,700-meter (5,610-feet) which will cost over $300 million USD (NOK 2.7 billion) and allow cruise ships to bypass the most risky area along the coast of Norway. The Norwegian…
SCF Group's Sovcomflot sees bright future for LNG-fuelled vessels in the tanker industry. 'LNG is a promising fuel for large-capacity vessels, which will significantly increase their environmental compatibility and efficiency,' says the company…
Mitsui O.S.K. Lines (MOL) is pleased to announce that the United States National Oceanic and Atmospheric Administration's (NOAA) Channel Islands National Marine Sanctuary has honored MOL with an award for the company's participation in the 2016 Vessel Speed Reduction (VSR) incentive program…
“After the tragic loss of STELLAR DAISY, a quality and thorough investigation report will be needed quickly.”INTERCARGO is deeply concerned at the tragic loss of the VLOC vessel STELLAR DAISY reported on 31 March 2017; our thoughts are with the families and loved ones of the seafarers…
The theme for World Maritime Day 2017 'Connecting ships, ports and people', provides an opportunity to highlight the value of integration in the maritime and logistics sectors. The theme has particular resonance for International Maritime Organization (IMO)'s Facilitation Committee…
DryShips Inc. has entered into agreements to acquire six vessels for a total gross price of $268 million. It has also entered into an agreement with Kalani Investments Limited. These vessels are comprised of one Aframax tanker built in 2012…
The Armitt Group successfully managed the recent removal of two 1050 metric tonne Ship Un-Loaders from the former Tilbury power station located on the Thames, east of London. After a lengthy planning phase, with various solutions considered…
The Liberian Registry has appointed Eiji Okazaki as president of the Tokyo office operated by its US-based manager, the Liberian International Ship & Corporate Registry (LISCR). Okazaki was formerly president and CEO of Japanese ship owner and ship manager IMECS Co Ltd…
Petar Modev, Senior Loss Prevention Executive at UK P&I Club, working closely with the expert consultancy CWA International, has produced a guidance on the safe carriage of soya beans. “There have been recent reports of severe delays to…
CMA CGM, a leading worldwide shipping group, launches Saturday April 1st the 40 new maritime services of its new operational alliance OCEAN Alliance. Combining this new offer of maritime services with a global intermodal and logistics offer…
China's COSCO Shipping Holdings Co Ltd made a loss last year of 9.9 billion yuan ($1.44 billion), the company reported on Thursday, due to both persistently weak freight rates and restructuring costs.Freight shipping firms have been hit…
The world's largest containership, MOL Triumph, was delivered to Mitsui O.S.K. Lines (MOL) from Samsung Heavy Industries on March 27, 2017. MOL's newest vessel, the first of a fleet of six 20,000 TEU-class containerships for the company…
David Thompson, Investigator at UKP&I Club’s Signum Services consultancy arm at UK P&I Club, highlights the importance of cyber security at sea.While the use of computerized systems for everything from navigation to container inspection has enhanced the safety and security of vessels at sea…
DryShips Inc. has entered into agreements with unaffiliated third parties to acquire four Newcastlemax bulk carriers of approximately 206,000 DWT and with an average age of 3 years. The company expects to take delivery of the vessels before the end of June 2017…
MacGregor, Rolls-Royce to Study Containership Autonomy A new collaborative research and development initiative will explore the impact of developments in autonomy for cargo ship navigation and cargo systems onboard containerships. The research will be conducted by partners MacGregor…
