Aries Maritime Transport Limited announced that it has withdrawn the Bora, a 2000- built double-hull products tanker, from the vessel's charter with PDVSA, and is currently marketing the vessel for a new charter. Mons S. Bolin, President and Chief Executive Officer, commented, "Rates for products tankers remain firm and we are actively pursuing a new charter for the Bora in the international market. We remain committed to employing our vessels on period charters with leading charterers in order to provide shareholders with a stable revenue and dividend stream."
The Maritime Transport Committee of the Organization for Economic Cooperation and Development (OECD) issued a report entitled Ownership and Control of Ships
The UK Department for Transport issued its Consultation Document entitled Financial Assistance for Moving Freight from Road to Inland Waterway and Maritime Transport. The post-consultation response indicates broad support for grants to encourage increased use of waterways in lieu of roadways to transport freight in the U.K. Differences remain, however, with regard to detailed implementation.
Libya Wednesday took delivery of three new oil tankers at its port hosting the Refining Company in Zaouia, as part of ceremonies marking the 37th anniversary of the country`s September 1969 Revolution. Baghdadi Mahmoudi, Secretary of the Libyan People`s General Committee took delivery of the three tankers - Ibn Batouta, Gardhabia and Intissar - new additions to the Libyan Maritime Transport Company`s fleet. The tankers built in South Korea by Samaho Hundai
Multiport, the network of independent ship agents, is sad to announce the death of Mr Hylton Clarke, managing director of its Jamaican member, Maritime & Transport Services Ltd. Clarke was a leading member of the Jamaican shipping community, and the longest serving member on the managing committee of the Shipping Association of Jamaica. "He was a man of the greatest integrity, with a great sense of humour and enjoyment of life," said Multiport secretary-general Peter
Blue Denmark is also green. Therefore, Denmark’s official green brand, State of Green, is now launching a new theme on its website focusing on green maritime solutions. As a nation, Denmark has become well-known internationally in the green maritime field and now we intend to become even better at getting this across by means of State of Green’s new initiative that focuses on sustainable, green maritime transport and technological solutions.
The U.S. International Trade Commission issued a lengthy report entitled -The Economic Effects of Significant U.S. Import Restraints Third Update 2002 .The report reviews a variety of import restraints including the maritime cabotage laws. It concludes that eliminating the restriction on maritime transport and liberalization of the U.S. build requirement for vessels engaged in the coastwise trade would provide an economic benefit of $917
On 26 September, the maritime community celebrates the World Maritime Day established at the initiative of the International Maritime Organization (IMO). In his annual address on this occasion, Koiji Sekimizu, Secretary General to the International Maritime Organization emphasized that in order stable development of the maritime transport system could be achieved the efforts should be concentrated on safety
European Sea Ports Organisation (ESPO) says it welcomes the recent decision of IMO’s Maritime Safety Committee (MSC) that containers must be weighed before being stowed on board ship; however it stresses that the weighing of containers should not burden port handling activities. ESPO explains that the verification of a containers’ weight can indeed play an important role in enhancing safety in maritime transport and the whole transport chain
SpeedCast International Limited announced that it has been awarded a multiyear contract from Arab Maritime Petroleum Transport Company (AMPTC), a provider of maritime transport services of hydrocarbon substances in the Middle East region. SpeedCast will provide satellite network connectivity for AMPTC’s entire fleet of vessels. SpeedCast will provide each AMPTC vessel with end-to-end VSAT services that enable corporate networking, Internet access, voice communications
The CMA CGM Group has contributed to the TRAXENS startup capital increase. Two other investment funds – CAAP Création (Crédit Agricole Group) and S.C.R. Provençale et Corse (BPPC Group) – are also part of the initiative.
A unit of one of the world's biggest cruise operators sought to reassure Italy on Friday that plans to transfer some of its operations to Germany did not mean it would move abroad. Costa Cruises, part of Carnival Corp, is based in the northern Italian port of Genoa
The maritime sector, including, ports, shipping industry and merchant navy in India is expecting the government would allocate a substantial amount of provisions and sops in the forthcoming union budget. Indian Shipping Industry has the potential to ignite growth
Maritime transport in the Baltic Sea to become greener with EU support The EU's TEN-T Program will provide more than €2 million to back the upgrade of two ferries navigating in the Baltic Sea to the mixed use of electricity and fuel. The new hybrid propulsion system will help to reduce the
The EU's TEN-T Program will co-finance with over $1.24 million preparatory studies for the construction of a rail and road bridge over the Port of Malmö in Sweden. The new bridge will help to improve the cargo transfer at the port and improve the national rail capacity.
The presidents of Georgia and Latvia open the Batumi State Maritime Academy renovated training center powered by the Transas simulators On November 27, 2014, President of Georgia Giorgi Margvelashvili and President of Latvia Andris Berzins visited Batumi State Maritime Academy (BSMA) opened the
Captains of the shipping industry in India are pinning hopes on solid policy support in 2015 as promised by the Shipping Minister Nitin Gadkari that would transform the industry and would increase buoyancy and investment opportunities. With strong policy support by the government on the anvil
Turkish proposal to establish a joint venture with Azerbaijan for streamlining and improving maritime transport on the Caspian Sea is under active consideration, says the Minister of Transport, Shipping and Communications of Turkey, Elvan Lutfi.
Dr. Cleopatra Doumbia-Henry has been appointed president to head the World Maritime University (WMU), as announced by the International Maritime Organization (IMO) and university. Dr. Doumbia-Henry will be the seventh WMU president and will be the first female in the role.
Georgia has become the 100th Party to the Convention on the International Maritime Satellite Organization (IMSO C 1976) and accepted the 2008 amendments, the International Maritime Organization (IMO) said in a news statement. His Excellency Revaz Gachechiladze
The EU’s TEN-T Program will invest almost €600,000 in a study for the promotion of LNG use in Greek maritime transport. The greener and cheaper LNG could contribute to reducing transport emissions and fuel supply costs in the Aegean Sea, INEA
United Nations Development Program (UNDP) Administrator Helen Clark met International Maritime Organization (IMO) Secretary-General Koji Sekimizu at IMO Headquarters on January 20, where the two highlighted common commitment to sustainable development and discussed the important role of maritime
A new research collaboration between A*STAR’s IHPC, Sembcorp Marine Ltd, University of Glasgow and UGS aims to make a ship’s voyage more smooth sailing by improving its hydrodynamics and energy efficiency. The four organizations today signed a memorandum of understanding
Nigeria needs a new Economic Agenda for the maritime sector that would look into port reforms and local participation policies, port concession and terminal shipping elements, as well as the Cabotage Act (Coastal and Inland Shipping), says Chief Kunle Folarin, the Chairman
Maersk Line Jordan rolled out its new ME5 service, which directly connects Aqaba to South India and the Western Mediterranean. The ME5 service aims to improve maritime transport in the Kingdom, with direct calls to Aqaba from key global logistical hubs and faster transit times