Multratug 32, the first new CARROUSEL RAVE TUG (CRT) was delivered to its owner, Novatug B.V. of the Netherlands in February 2018. Multraship B.V. of the Netherlands will be the operator of the new CRT. Multraship and Novatug both belong to the Muller Maritime Group…
The CMA CGM Group announced it is reinforcing its offer, starting April 4, 2018, between Asia, Mexico and the west coast of South America in a partnership with COSCO and Evergreen. With three weekly and complementary services to those already operated by the CMA CGM Group…
Golar LNG Partners announced that it had entered into an agreement to acquire an equity interest in FLNG Hilli Episeyo last year. Equivalent to 50% of the two contracted liquefaction trains, out of a total of four, the common units also…
Voyager Maritime Alliance Group (VMAG) has completed a customized Auto Pilot, Rudder and Steering Stick integration system, on a 48ft trawler, M/Y Bavaria.David Leone, President of Voyager Maritime Alliance Group (VMAG), commented, “Like most equipment…
Ocean Yield ASA announced that the Company has agreed to acquire five modern handysize dry bulk vessels with 10 -year bareboat charters to companies owned and guaranteed by Interlink Maritime Corp. The purchase price is approximately USD 75 million net of pre-paid charter hire…
Palau International Ship Registry (PISR) has expanded its technology offering by linking with Pole Star to offer a comprehensive sanctions compliance and risk management service for its fleet vessels.Pole Star’s Purple TRAC is a comprehensive…
APM Terminals Pipavav achieved yet another milestone by hosting container vessel “Adrian Maersk” at the port. At 353 meters long it is the longest vessel to call at port Pipavav. Adrian Maersk called Pipavav as part of FM3 service and links…
Mitsui O.S.K. Lines, Ltd. signed a Memorandum of Understanding with the Far East Investment and Export Agency under the Ministry of the Russian Federation for the Development of the Far East to cooperate with each other in the development of the Northern Sea Route and the Russian Far East…
Korean carrier Hyundai Merchant Marine (HMM)’s expansion plans are incompatible with market stability. Will it settle for more limited ambitions? An Analysis by Drewry. South Korean carrier Hyundai Merchant Marine (HMM) is back in the news…
Turkish shipbuilder Sanmar Shipyards said it has delivered Al JIMI 1 (Yenicay VII), the latest addition to Abu Dhabi Ports’ growing tug fleet, which already includes two sister vessels, Al SHAHEED (Yenicay IV) and AlHILI 1 (Yenicay VI), which were delivered by Sanmar in 2017…
Mediterranean Shipping Company (MSC) has launched in Le Havre its first RO-RO service now connecting HAROPA to West Africa twice a month. The new service confirms the assets of HAROPA, the leading French port system constituted by the ports of Le Havre…
The European Commission (EC) said Wednesday that it had fined four maritime car carriers 395 million euros (U.S. $486.5 million). Four shipping companies – CSAV, K Line, NYK and WWL-Eukor – have been fined by the EC for collusion in operating a cartel on the car carrier trades…
The Baltic Exchange's main sea freight index climbed 2.6 percent on Wednesday to mark a three-week high, boosted by an increase in activity across vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels…
Global Ship Lease, a containership charter owner, today announced that it has agreed to an extension of its charter with OOCL for the OOCL Qingdao, a 2004-built, 8,063 TEU containership. The extension commences in direct continuation of the current charter with effect from March 11…
As in 2016, Germany and Greece top the list of country dumpers in 2017, according to new data released today by the NGO Shipbreaking Platform. German owners, including banks and ship funds, beached 50 vessels out of a total of 53 sold for demolition…
