Capital Ship Management Corp. and Liberty One have announced the establishment of a joint venture under the name Capital Liberty Invest, taking aim at the German shipping market. The new entity will combine the forces, excellent track record…
China unveiled its ambitions to develop a 'Polar Silk Road' through the Arctic, joining a multinational race to exploit opportunities in the resource-rich region, as the shipping lanes opened up by global warming. China said it would encourage…
Construction of Transnet National Ports Authority’s (TNPA) new bed leveler (plough tug) is underway and was marked by an official keel laying ceremony in Port Elizabeth on January 19. The new vessel is being designed, manufactured, assembled…
French shipping group CMA CGM said it has taken delivery of its new flagship, the first in a series of three new 20,600 TEU containerships. The French flagged CMA CGM Antoine De Saint Exupery will enter into service on February 6 on the FAL 1 service (French Asia Line 1)…
Carnival Corporation announced it has signed a shipbuilding contract for a second cruise ship for its P&O Cruises brand with German shipbuilder Meyer Werft GmbH that is scheduled to be delivered in 2022. Similar to a fellow P&O Cruises sister ship due for delivery in 2020…
The new class of post-Panamax (PPX) shipping vessels made an inaugural visit to Florida's Port Canaveral recently.The PPX Ro/Ro vessel MOL’s Brooklands, is the first of its kind to call on Port Canaveral. With a 125-foot beam and capacity to transport over 7…
Danish container shipping giant Maersk Line has followed in the footsteps of its counterparts CMA CGM and Hapag-Lloyd and joined the New York Shipping Exchange (NYSHEX) as its founding member. Along with Hapag Lloyd, CMA CGM, MOL, OOCL…
Denmark shipping company that owns and operates product tankers and bulk carriers TORM exercised two options for the construction of two LR1 newbuildings for a total commitment of USD 74m and with expected delivery in 2019 through the first quarter of 2020…
The Baltic Exchange's main sea freight index marked its strongest daily percentage gain in nearly three weeks on Tuesday as the capesize segment rebounded from its two weeks of declines, and the panamax rates climbed further.The overall index…
Diana Shipping , a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong…
A new hybrid patrol vessel has entered into service last week at the Port of Rotterdam. The new 25-meter vessel, the RPA 8, can run on both diesel and diesel-electric, and causes less vessel wake and is much more efficient than other Port Authority vessels…
Kawasaki Kisen Kaisha, Ltd., Tokyo, (“K” Line) has taken delivery a new 14,000-TEU containership, Milano Bridge, built at Hiroshima Shipyard of Imabari Shipbuilding Co., Ltd, Japan and handed over on January 18, 2018. This new ultra-large…
Qatar-based maritime and logistics conglomerate Milaha said it has acquired its largest container vessel to date, Majd, a 3,768 TEU vessel.Majd was built by STX Shipbuilding Co. Ltd. in South Korea, and has a length overall of 246.87 meters and a deadweight of 44…
South Africa’s competition watchdog becomes final signatory allowing Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL ), Nippon Yusen Kabushiki Kaisha (NYK ) merger, so that Joint venture (JV) can start operations on April 1. 'K Line…
The digital naming of the MR tanker Stena Immortal took place January 18 at Stena's new office in Hellerup in the north of Copenhagen.The 50,000 dwt Stena Immortal was built at the Guangzhou Shipbuilding International (GSI) shipyard in southeast…
