The Swedish Maritime Organisation has advised the following ice restrictions in force with effect from 18 January 2016:Karlsborg – LuleåMinimum ice class IB and 2000 dwtHaraholmen – Örnsköldsvik och ÅngermanälvenMinimum ice class IC and 2000 dwtMälaren…
In light of the current shipping downturn and to demonstrate the government’s commitment to maintain Singapore as a global hub port, MPA will grant an additional 10% concession on port dues payable by ocean going container vessels carrying out cargo works with port stay of not more than 5 days…
Jaanus Rahumägi, President & CEO, ESC Global Security has been elected as one of the new members of the Security Association for the Maritime Industry (SAMI) Industry Steering Group.SAMI represents more than 80 percent of the world’s private…
BIMCO has now launched a new standard contract for ship managers to provide supervision services for shipbuilding and conversion projects. The contract, code named SUPERMAN, is a valuable new addition to BIMCO's existing suite of ship management agreements…
For the third year running, DP World is the top stock in the S&P/Hawkamah Pan Arab ESG Index.The index is the first ever of its kind in the Arab world and ranks the transparency and disclosure of regional listed companies based on Environmental…
PSA International Pte Ltd (PSA) handled 64.10 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world for the year ending 31 December 2015. The Group’s volume decreased by 2.0% over 2014, with flagship PSA Singapore Terminals contributing 30…
Maersk Line, a unit of the A.P. Moller-Maersk Group, based in Copenhagen, Denmark, has retained its position as the world’s largest container shipping line, according to Alphaliner. It is still the world’s largest ocean carrier by capacity but its closest rivals…
Hapag-Lloyd announces the South East Asia - Australia Service (SAL) update in regards to the recent CustomerInfo in relation to M/V Hanjin Aqua (Voyage 0029N). They were updated by the Average Adjusters that, following the successful refloating…
On 7 December 2015, Neptune Orient Lines (NOL), parent company of G6 Alliance member APL, announced the potential acquisition of NOL by CMA CGM. The transaction is subject to regulatory approvals. Until there is further development, the…
The State University of New York Maritime College will confer the honorary degree of doctor of science degree on Morton S. Bouchard III, the president and CEO of Bouchard Transportation Company, Inc., during winter 2016 commencement exercises Friday…
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying industrial commodities, sank to a new record low for the sixth straight session on Tuesday, reports Reuters. The overall index, gauging the cost of shipping dry bulk cargoes including grain…
Los Angeles-class fast-attack submarine USS City of Corpus Christi (SSN 705) has docked at Yokosuka port in Japan as part of its Asia-Pacific region itinerary, the US Navy announced in a news release. City of Corpus Christi has conducted…
The first cargo of liquefied natural gas has sailed from the mammoth Australia Pacific LNG (APLNG) facility in Queensland, following a delay of at least two weeks with another carrier waiting to be loaded. The startup of the APLNG project comes after a slight delay…
Destined for installation on board one of the highest profile cruise ship deliveries scheduled for 2016, the latest Azipod XO podded propulsion recently departed from the ABB factory in Helsinki. The unit, which commands 20.5 MW of power…
Philly Shipyard ASA (Oslo: PHLY) announced that Jim Miller has been nominated to be Chairman of the Board of Directors of Philly Shipyard. Mr. Miller previously held this role from 2011 until 2014. This nomination is expected to be approved at an extraordinary general meeting on February 1…
