Piraeus, Cosco Ink Multimillion Investment Deal

Piraeus, Cosco Ink Multimillion Investment Deal

Piraeus Port Authority (PPA) signed a revised EUR 230 million concession agreement with and Chinese company Cosco Pacific Limited, through its subsidiary Piraeus Container Terminal (PCT) on Thursday, November 27th. The ...

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IMO Approves IGF Code

IMO Approves IGF Code

IMO’s Maritime Safety Committee approved, in principle, the draft International Code of Safety for Ships ...

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MPA Kicks Off SRS Forum

MPA Kicks Off SRS Forum

30 maritime organisations signed the Maritime Singapore Green Pledge at the the 2nd Singapore Registry of Ships ...

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ICS Questions Benefits of China’s Ship Recycling Policy

Illustration

The International Chamber of Shipping (ICS) voiced concern in relation to China’s new ship recycling policy, saying ...

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Approaching Limits in Ship Size Development

DNV GL’s Container Ship Forum and Bulk Carrier Forum

The shipping industry is slowly approaching limits in ship size development, DNV GL Business Director Jost Bergmann ...

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Second-Hand Market More Active than Newbuilding

Second-Hand Market More Active than Newbuilding

The Panamax and 2,500TEU sectors continued to be the two areas that sparked the most interest and the highest ...

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BMT Lands Samalaju Port Design Project

BMT Lands Samalaju Port Development Project

BMT Group, an international design, engineering, science and risk management consultancy, has through its ...

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Royal Caribbean Launches Chinese JV

Royal Caribbean Launches Chinese JV

Royal Caribbean Cruises Ltd. and Ctrip.com International Ltd. have agreed to form a strategic partnership through ...

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Maritime Traffic Up Fourfold in Two Decades

Maritime Traffic Up Threefold in Two Decades

Maritime traffic on the world’s oceans has increased 300 per cent over the past 20 years, according to a new study ...

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CMA CGM Splits ASEA Service

CMA CGM Splits ASEA Service

CMA CGM Group is dividing its Asia-East Africa (ASEA) service into two distinct services starting December 2014, ...

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Interferry Backs New LNG Tank Placement Rules

Viking Grace is LNG bunkering in Port of Stockholm

Interferry, a global ferry industry association, has welcomed a decision at last week’s IMO Maritime Safety ...

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Asia – North Europe Rates to Stay Unchanged in 2015

Asia - North Europe Rates to Stay Unchanged in 2015

Since September the spot market on Asia – North Europe trade routes has tracked a similar course of falling ...

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Samsung C&T to Build Second LNG Terminal in Malaysia

The regasification terminal to be built in Malaysia

Samsung C&T Corporation has been awarded a contract by PETRONAS Gas Berhad to build a re-gasification terminal ...

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Plunging Oil Prices Driving Down Fuel Costs

Plunging Oil Prices Could Cut Fuel Costs by USD 1 Mln

Fuel costs could be cut by as much as USD 1 million a year if current price levels stay put for ships that burn 24 ...

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IMRF: Dealing with Media Pressure Key in SAR Operations

IMRF Dealing with Media Pressure Key in SAR Operations

Media pressure, and particularly the posting of unverified stories on social media, has become a significant factor ...

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Cruise Lines Deploying More Capacity in Asia

Cruise Lines Deploying More Capacity in Asia

 The cruise industry continues to grow rapidly in Asia and many cruise lines are deploying more capacity in the ...

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Lower US Demand Reshuffles West African Crude Moves

Lower US Demand Reshuffles West African Crude Moves

West African crude moves have shifted from the U.S. to Europe as lower demand from the U.S. has forced a reshuffle ...

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Readers’ Picks of the Week (17th -21st of Nov)

Readers’ Picks of the Week

Cargo Ship Sinks off Ecuador A 1,200 dwt general cargo vessel San Cristobal sank around 25 nautical miles off Santa ...

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IMO Adopts Polar Code

IMO Adopts Polar Code

The International Maritime Organization (IMO) has adopted the International Code for Ships Operating in Polar ...

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OW Bunker’s Board Never Approved Tankoil Loan

OW Bunker's Board Never Approved Tankoil Loan

The credit line worth up to USD 130 million that was given by Singapore arm of Danish marine fuel distributor OW ...

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Russian IEA to Order Up to 30 Ships

Russian IEA to Order Up to 30 Ships

Russian Industrial and Ecological Alliance CJSC is looking to order up to 30 ships, according to the ...

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Small Island States Still Cut Off from Major Trade Routes

Small Island States Still Cut Off from Major Trade Routes

Small island developing states (SIDS) face severe and complex transport challenges, UNCTAD’s Review of ...

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Fincantieri Teams Up with Carnival and CSSC

Fincantieri's Monfalcone shipyard

Italian shipbuilder Fincantieri has signed two memorandums of understanding (MoU), one with cruise liner giant ...

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Carnival Cuts CO2 Emissions Ahead of Schedule

Royal Princess

Cruise giant Carnival Corporation & plc has met its corporate goal to reduce its rate of CO2 emissions from ...

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Tanker Market Flourishing, Dry Bulk Mostly Down

anker Market Flourishing, Dry Bulk Mostly Down

The Drewry All Earnings Index, which covers the main bulk shipping markets, jumped 53% in October to stand at 200 ...

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