Ocean Hope Engineers Get Prison for Pollution Crimes

Image Courtesy: Leiplaw

Two Philippine engineers were sentenced to serve jail time for obstructing a US Coast Guard inspection in July 2015 ...

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Hapag-Lloyd Christens First of Five 10,500 TEU Newbuilds

Image Courtesy: Hapag-Lloyd

German container shipping major Hapag-Lloyd held a naming ceremony for Valparaíso Express, the first of five ...

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Two Cruise Firms Get Approval to Sail to Cuba

Image Courtesy: NCL

The Cuban government has granted its approval to two cruise line majors, Norwegian Cruise Line Holdings and Royal ...

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Top Five Consolidated Container Fleets Worth USD 33.4 Bn

Image Courtesy: Hamburg Süd

The top five consolidated container fleets are currently worth USD 33.4 billion and account for 33% of the entire ...

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THE Alliance Enhances Med-North America EC Links

Image Courtesy: Hapag Lloyd

The members of THE Alliance have revealed an enhancement of their future Mediterranean-North America East Coast ...

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Korea Line Cancels Bid to Buy Hanjin's Stake in US Terminal

Image Courtesy: Port of Long Beach

South Korean shipping company Korea Line Corp., part of SM Group, has decided to withdraw from the race for Hanjin ...

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THE Alliance's Power 'Raises Concerns'

Image Courtesy: Hapag-Lloyd

The shipping alliance proposed earlier this year, conveniently named THE Alliance, is raising the U.S. ...

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Ship Operating Costs Drop amid Weak Market Conditions

Image Courtesy: MOL

The cost of operating cargo ships has fallen for two successive years amid weak freight rates, declining asset ...

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SPIA Container Terminal Open for Business

Image Courtesy: SPIA

The operations at the Colombia Sociedad Puerto Industrial Aguadulce (SPIA) container terminal have been launched as ...

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Vessel Fire Briefly Halts Traffic in Houston Ship Channel

Illustration; Image Courtesy: Port of Houston

Vessel traffic resumed in the Houston Ship Channel after it was shortly stopped due to a fire aboard the 19,508 dwt ...

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Spotted: Port of Savannah Welcomes Four Giant Cranes

Image Courtesy: Georgia Port Authority

Four new Super Post-Panamax ship-to-shore (STS) cranes arrived at the Port of Savannah’s Garden City Terminal ...

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Vale Sells Four Capesize Bulkers to Polaris Shipping

Illustration; Image Courtesy: Vale

Brazilian mining giant Vale S.A. has concluded the talks with shipping company Polaris Shipping for the sale ...

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Advent International to Buy Majority Stake in V.Group

Image Courtesy: V.Group

US-based private equity firm Advent International has agreed to acquire a majority ownership interest in maritime ...

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Bulkers Account for Lion's Share of Scrapped Tonnage in 2016

Image Courtesy: NGO Shipbreaking Platform

Strong demolition has been a prominent feature of the shipping industry this year, as challenging market conditions ...

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TCP to Enlarge Paranaguá Container Terminal Capacity

Image Courtesy: TCP

TCP, a company responsible for managing the Paranaguá Container Terminal in Brazil, has implemented a new ...

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Drewry: Idle Containership Fleet Surges amid Overcapacity

Image Courtesy: BSM

The number of idle containerships increased from 238 vessels with a combined capacity of about 900,000 TEU in ...

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DP World, CDPQ Join Forces to Invest in Ports and Terminals

Image Courtesy: DP World

Dubai-based port and terminal operator DP World and North America’s pension fund managers Caisse de dépôt et ...

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Princess to Pay Largest-Ever Penalty for Dumping Oily Waste

Image Courtesy: Princess Cruises

California-based cruise line Princess Cruises, part of Carnival Corporation, has agreed to pay USD 40 million ...

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Optimarin First BWT System Supplier to Get USCG Approval

Image Courtesy: Optimarin

Norwegian ballast water treatment (BWT) specialist Optimarin has become the first system supplier to gain full US ...

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KNOT Offshore Partners Wraps Up Raquel Knutsen Deal

Image Courtesy: Cosco Shipyard Group

Scotland-headquartered KNOT Offshore Partners LP has completed its acquisition of the ownership interests in the ...

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Höegh LNG Partners Buys Ownership Stake in Höegh Grace

Image Courtesy: Höegh LNG Partners

NYSE-listed Höegh LNG Partners LP has agreed to acquire a 51% ownership interest in the entities that own and ...

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OSG Completes Split-Up of Its Businesses

Image Courtesy: OSG

NYSE-listed tanker owner and operator Overseas Shipholding Group (OSG) has completed the previously announced ...

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Maersk Line Seals Hamburg Süd Deal

Source: Hamburg Süd

World’s largest container carrier, Maersk Line A/S, and the Oetker Group have reached an agreement for Maersk ...

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Navig8 Product Tankers Takes Fifth Tanker from GSI

Illustration. Source: Navig8 Group/YouTube

Petroleum products shipping company Navig8 Product Tankers has taken delivery of the Navig8 Goal, a 113,000 DWT LR2 ...

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Rolls-Royce Axes 800 More Jobs at Marine Business Unit

Image Courtesy: Rolls-Royce

Rolls-Royce plans to lay off 800 more workers from it Marine business throughout 2016 and 2017 citing ...

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MSC, HMM Jointly Bid for Hanjin's Stake in POLB Terminal

Image Courtesy: Port of Long Beach

Swiss-based container shipping major, Mediterranean Shipping Company (MSC), and South Korea’s carrier, ...

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