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Grand Bahama Shipyard Adds Four Executives

Aug 23, 2016

Grand Bahama Shipyard Limited (GBSL), a Caribbean shipyard providing retrofit, refurbishment and revitalization to cruise and commercial vessels, has added four

Investors to Acquire $1.5 bln Shipping Portfolio from NORD/LB

Aug 23, 2016

NORD/LB Norddeutsche Landesbank and KKR Credit have reached an agreement by which, subject to completion of certain conditions precedents, KKR Credit, together

Tanker Market: ‘New Normal’ Drives Downbeat Summer Sentiment

Aug 22, 2016

The tanker market is forecast to see challenging conditions with technical and structural factors impacting earnings, according to independent research and consultancy

South Africa Ratifies Fishing Vessel Treaty

Aug 19, 2016

South Africa has become the seventh state to ratify the 2012 Cape Town Agreement. The treaty, which implements the Torremolinos Protocol, covers various fishing

Gibdock Records Busiest Season

Aug 19, 2016

Simultaneous attention to four offshore support vessels at Gibdock demonstrates that the Gibraltar yard is now a regional hub for this specialized repair, maintenance and renewal work,

Hot Month at Marseille Fos

Aug 18, 2016

In contrast to an international downturn, French port Marseille Fos has reported exceptional results for July with 7.8 million metric tons of cargo and 387,000 passengers – up by 18.

Spain Rescues 50 Migrants Drifting between South Coast and Morocco

Aug 17, 2016

Spanish authorities said on Wednesday they had rescued 50 migrants from Morocco and sub-Saharan Africa who were found the day before drifting in two boats off Spain's Mediterranean coast.

Ghana's Vessel Tracking Deal for exactEarth

Aug 17, 2016

exactEarth Ltd. has been selected by the Fisheries Commission (West Africa Regional Fisheries Programme), an agency of the Ministry of Fisheries and Aquaculture

Maersk Cautions on U.S. Protectionism

Aug 15, 2016

 Danish conglomerate  A. P. Moeller-Maersk A/S, the world’s largest container shipping company, has voiced its concern as a potential shift in U.S. policy threatens to reduce global trade,

Maersk Paints a Gloomy Picure

Aug 13, 2016

 Danish shipping conglomerate A.P. Moeller-Maersk A/S has reported a plunge in profits in the second quarter in the face of tough market conditions.    Maersk's

CMA CGM Launches New EURAF 6 Service

Aug 13, 2016

 CMA CGM Group has launched its new service EURAF 6 by cooperating with a partner under a slot swap agreement.   Effective August 30th, 2016, m/v CMA CGM MILAN TRADER,

Madagascar Workshop Promotes Dumping of Wastes at Sea Regulations

Aug 13, 2016

 A national workshop promoting the treaty covering dumping of wastes at sea, the London Protocol, was held in Antananarivo, Madagascar (11-12 August).    The workshop,

Seaborne Trade: Keep the Cargo Moving

Aug 13, 2016

 In the world of seaborne trade, distance forms a crucial element in terms of determining how much demand for vessel capacity is created by trade volumes, says Clarksons Research.

Asia Tankers-VLCC Rates Steady as Suezmax Fixtures Weigh

Aug 12, 2016

Charterers splitting VLCC cargoes into smaller Suezmax tankers; rates to remain around $24,000 per day, below break-even levels. Freight rates for very large

Royal Navy Sailors Train with Wasp

Aug 12, 2016

The Royal Navy sent six Sailors, from Navy Command Headquarters in Portsmouth, England, to integrate into Wasp’s flight deck operations to prepare them for their

LNG-Prices Slide, Middle East Boosts Imports

Aug 06, 2016

 The new new supply of liquefied natural gas (LNG) from Russia's Sakhalin plant and weakening demand from Egypt helped snap a months-long rally. Hence Asian spotLNG prices fell this week,

Turkey Sets Import Tax on Thermal Coal

Aug 05, 2016

Turkey imposed a tax this week on imports of thermal coal from Colombia, Russia and other major exporters, for use in power generation, to support domestic coal production.

Asia Tankers-VLCC Rates to Fall but Bottom in Sight

Aug 05, 2016

VLCC owners sailing slower and idling vessels; slow market to continue into September. Freight rates for very large crude carriers (VLCCs), which hit multi-year lows on Thursday,

New Diving Training Ship Delivered to Tunisia

Aug 04, 2016

The Tunisian government has taken delivery of a new training ship, Zarzis A710, which will support diving and security works in air and sea areas of the Mediterranean.

Unipec to Shed ULCC Storage Charter

Aug 02, 2016

The UK-based trading arm of Beijing-backed Sinopec will give up the megatanker it booked to park crude in Asia at the onset of the drop in global prices two years ago, sources told Reuters.

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