The global trade association for shipowners and operators, International Chamber of Shipping (ICS) opened its China Liaison Office in the Hong Kong Special Administrative Region (SAR) on Tuesday, 21 November, during a reception hosted by the Hong Kong Shipowners Association…
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, announced that it has agreed to sell the Star Cosmo, a 2005 built Supramax vessel and the Star Epsilon, a 2001 built Supramax vessel.'We…
Greece-based global provider of shipping transportation services through its ownership of vessels has agreed to acquire a 2007-built aframax tanker for US$26.0 million.The company specializing in the ownership of containerships and tanker vessels…
Norwegian LNG carrier owner Flex LNG posted a net income of USD 0.5 million for the third quarter of this year, compared to a net loss of $3.9 million for the second quarter 2019.It reported revenues of $29.8 million for the third quarter 2019…
Port of Hamburg is continuing its dredging projects on the Elbe River as per plan. The second hopper dredger named Bonny River has been conducting dredging operations on the federal stretch and taking the spoil to the UWA - underwater dredged material disposal site at Medemrinne…
CDG Coast Dynamics Group, Ltd. introduced KINETIX, a vessel and crew monitoring program for high-speed craft, designed to enable maritime agencies to optimize their shock mitigation strategies using more complete data, more easily comply with legislation…
The latest offering Anglo-Eastern, from the Hong Kong-based ship manager, is an educational gaming app aimed at reducing shipboard deficiencies.Launched during Hong Kong Maritime Week, “Vessel Inspector” is a gaming app that encourages players…
German shipping company Rhenus-Arkon-Shipinvest has placed orders for the first four environmentally-friendly vessels known as Hanse Eco Short Sea Coasters.The short sea bulkers are expected to be delivered during the second half of 2021, with…
Bermuda-based global shipping company Team Tankers International finalized the sale of the last two of its five older medium range (MR) tankers.Team Tankers has managed to free up a funds for new investments after divesting MR tankers, said CEO Hans Feringa…
Wärtsilä and Singapore-based PSA Marine have agreed to collaborate in the co-creation of smart technologies for the marine sector. The focus will be on solutions that are human-centric and deployable. The Letter of Intent was signed on November…
Dutch shipbuilding conglomerate Damen Shipyards Group, in collaboration with the compatriot high tech company Delft Dynamics and Next Ocean, has trialed a new approach to Search and Rescue (SAR) in the North Sea.The collaboration involved qualification…
Product tanker freight rates softened in the third quarter of 2019 but rebounded strongly at the start of the fourth quarter following an increase in crude tanker rates that began after the attacks on Saudi Arabian oil facilities and accelerated…
The U.S. Coast Guard (USCG) announced that two new Fast Response Cutters (FRCs) will be named in honor of Coast Guard reservists who served in the New York City Police Department and New York City Fire Department and lost their lives responding on 9/11…
Japanese utility Toho Gas and shipping company Mitsui OSK Lines (MOL) carried out a demonstration test to supply liquified natural gas (LNG) to the to the tugboat Ishin at the Japanese port of Nagoya.This marked the first LNG bunkering in the Port of Nagoya…
In September 2019, in a milestone agreement, Namdock concluded a contract to maintain and repair the vessels of the Marinha de Guerra Angolana (MGA), the Angolan Navy.According to Namdock’s Commercial and Operations Manager, Willie Esterhuyse…
