Singapore-based Pioneer Marine reported a $5.4m loss for the third quarter of 2015, about even with a $5m loss in the same quarter last year. It canceled orders for three new ships as the bulk-ship operator coped with a steep decline in demand for commodities in China…
Press release - Global marine terminals operator DP World’s flagship Jebel Ali Port has received the world’s largest container vessel, the Magleby Maersk, which is on its maiden visit to the region. The management and operations team at Jebel Ali rolled out a well-drilled operation to welcome…
Aiming to help accommodate unseasonably high demand, the Panama Canal Authority (ACP) announced it has taken a number of steps to expedite traffic and decrease Canal Waters Time (CWT). The ACP has postponed noncritical maintenance work…
The deal has been finalized for marine and engineering services company Cammell Laird to begin work on the U.K.’s new £200 million polar research ship. The Birkenhead shipyard Cammell Laird said it saw off competition from Europe and beyond…
Coastal vessel operators trying to come to terms with upgraded US Coast Guard regulations for survival craft have been helped along the way by VIKING at the annual Passenger Vessel Association and U.S. Coast Guard Industry Day in Miami. Marine…
France’s CMA CGM SA is in exclusive talks to buy Singapore’s Neptune Orient Lines Ltd (NOL), the shipping company and its Singapore’s Temasek Holdings Ltd., its largest shareholder, said. The deal would bring together the world’s third…
Holland America Line has promoted Amy Barnett to the position of division sales director for the East. In her new role, she will be responsible for planning, organizing and directing sales programs, as well as analyzing and implementing…
Last night in Hamburg, BIMCO President Philippe Louis-Dreyfus chose to give public recognition to all seafarers who have been – and still are – involved in rescuing people in distress at sea.Mr. Louis-Dreyfus awarded the BIMCO President’s Award to Columbia Shipmanagement Hamburg…
MacGregor, part of Cargotec, creates a new division 'Advanced Offshore Solutions' by merging its two Norway-based divisions and combining the strengths in offshore mooring, loading and load handling businesses. With the new joint division…
The merger deal of China’s two shipping gianst China Ocean Shipping Co., or Cosco, and China Shipping Group that could create the world’s fourth largest container operator is expected to get approval by Chinese government by January, reports WSJ…
Star Bulk Carriers has sold three vessels during the third quarter, a modern Supramax and two 90s built Panamax says Petros Pappas, Chief Executive Officer. Net sales proceeds for completed vessels sales were approximately $27.9 million in Q3 and we also received approximately $3…
Stowaways onboard ships can often be a cause of significant costs for shipowners. Amanda Hastings, UK P&I Club Claims Executive, reviews shipowners’ liabilities and advises on the relevant actions to take to reduce incidents of stowaways…
IRClass has announced the release of new technical software, IR-CSR, for verification and compliance of oil tankers and bulk carriers against recently mandated Common Structural Rules (CSR) by the International Association of Classification Societies (IACS)…
The idle containership fleet has reached its highest level in five years, with over 1 Mteu of vessel capacity currently unemployed. Carriers are removing capacity on most main tradelanes in response to weak market demand, with the Asia to Europe route witnessing some of the most drastic cuts…
Chinese transport giant China Merchants Group looks set to takeover Sinotrans & CSC in the potential merger between the two shipping giants in China, reports Reuters. The two companies have been locked in reorganization talks, financial magazine Caixin said…
