Essar Shipping Gears Up for Ship Investment

Essar Shipping reveals ship investment plans and more in an interview with WMN.

Navios Containers Acquires Boxship Quartet

Navios Maritime Containers has taken delivery of four Panamax containerships.

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Det Norske Veritas Becomes DNV GL's Majority Owner

Det Norske Veritas now owns a majority stake in classification society DNV GL.

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India to Ratify Hong Kong Ship-Recycling Convention?

The Indian government has drafted legislation to ratify the Hong Kong Convention on safe ship-recycling.

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North America Trade Imbalance Erodes Round-Trip Rates

The increasing trade imbalance into North America undermines the round-trip rates for containers, SeaIntel said.

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Odfjell SE Seals Singapore Tank Terminal Sale

Odfjell Terminals has closed the sale of its 50 percent ownership in Oiltanking Odfjell Terminal Singapore.

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WWL Fleet Ready for EU MRV

Wallenius Wilhelmsen group has received class approval for its MRV plans across the company's fleet.

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Maersk Line Pulling Out of TSA

Maersk Line is withdrawing from the Transpacific Stabilization Agreement (TSA) this month.

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Scorpio Bulkers Targets USD 500 Mn with Mixed Shelf

Scorpio Bulkers has filed a registration for a mixed shelf offering targeting up to USD 500 million.

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New CEO Taking Helm at Bahri

Bahri has appointed Abdullah Aldubaikhi as the company’s new Chief Executive Officer, effective January 1, 2018.

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Wärtsilä, MHI-MME Team Up on Power, Propulsion for Ships

Wärtsilä and MHI-MME have signed an MOU regarding the commercial marketing of a new energy solution for ships.

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Green Marine Ship Owners Cut GHG Emissions

Green Marine ship owners have managed to achieve a 1.4% average annual reduction in GHG intensity.

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Moody's: Carriers' Consolidation Will Continue into 2018

Consolidation will continue apace in the container shipping industry into 2018, Moody's said.

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Seacor Unit Sells One of Its ECO-Class Tankers

Seacor Holdings' SEA-Vista subsidiary has reached an agreement to sell one of its ECO-Class tankers for USD 135 million.

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Video: Huge Stern Section of AIDAnova Undocked in Papenburg

On December 11, the stern section of AIDAnova became the first of two giant ship modules to be undocked in Papenburg.

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Containers at Melbourne's VICT Still Stranded

Australian court orders union officers to abandon their picket at the Victoria International Container Terminal (VICT).

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L.G.R. di Navigazione Sells Final Vessel Pair

L.G.R. di Navigazione has disposed of two MR2 tankers, the last two vessels in its fleet.

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World’s Largest Containership Fleet Is Here

Maersk Line and Hamburg Süd create the world's largest containership fleet of 773 vessels.

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Abu Dhabi Ports Signs Fujairah Port Development Deal

Abu Dhabi Ports has signed an AED 500 million (USD 136.1 million) agreement to develop the Port of Fujairah.

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Québec to Build Container Terminal as Part of Beauport 2020

Québec Port Authority to build a container terminal at the site of the Beauport 2020 project.

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Brazil: Vard Tax Claim Dropped

The Brazilian authorities have canceled the tax claim against Vard Holdings Limited following the company’s ...

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IRClass Recognized by Malta

IRClass has obtained authorization as Recognized Organization (RO) from Malta.

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Cruise Business Drives TUI's Earnings Up

The cruises segment was one of the growth drivers for Germany-based TUI Group in 2017.

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NAT Launches Public Offering as Part of Recapitalization

NAT has announced an underwritten public offering of USD 100 million of its common shares.

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Chinese Shipbuilders Claim the Throne

Chinese shipbuilders have beaten their Korean counterparts this year having snapped the biggest share of orders.

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NTSB Blames Captain for El Faro Sinking

Captain's failure to avoid sailing into a hurricane and poor safety oversight led to El Faro tragedy, NTSB said.

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FMG Names Its Fifth Ore Carrier

Fortescue Metals Group has named the fifth FMG ore carrier, FMG Matilda, at a ceremony in Guangzhou, China.

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GoodBulk to Raise USD 80 Mn for CarVal Ships

GoodBulk is selling its shares to collect up to USD 80 million to finance the purchase of six CarVal dry bulkers.

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