Category: Maritime

Hyundai Secures $407m Contract For Monaco’s Four Containerships
May 4, 2018 No Responses

Hyundai Secures $407m Contract For Monaco’s Four Containerships

South Korean shipbuilder Hyundai Heavy Industries (HHI) has won a contract from Zodiac Group Monaco to build four containerships. The shipbuilding major said the contract was worth $407million. The four container carriers are scheduled for delivery by July 2020. Further...
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CMA CGM Confirms Investment In CEVA Logistics
May 3, 2018 No Responses

CMA CGM Confirms Investment In CEVA Logistics

CMA CGM on Thursday confirmed its investment in CEVA Logistics, a global leading player in the logistics sector, on the occasion of CEVA’s initial public offering (IPO).   According to CMA CGM, “”This investment will take the form of convertible...
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LNG Floating Terminal Inaugurated
May 2, 2018 No Responses

LNG Floating Terminal Inaugurated

Indian’s first floating liquefied natural gas (LNG) terminal was inaugurated on May 1 by the country’s gas company H-Energy, a unit of Hiranandani Group. Eni’s floating storage re-gasification unit (FSRU) GDF SUEZ Cape Ann was hired for the job in 2017....
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Firm, Carnival Cruise Line Extend Cruise Service Deal
May 2, 2018 No Responses

Firm, Carnival Cruise Line Extend Cruise Service Deal

The Jacksonville Port Authority (JAXPORT) and Carnival Cruise Line have reached an agreement to extend Carnival cruise service from Jacksonville through at least May 2021 and potentially through 2027. The contract extends the cruise line’s service from Jacks...
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COSCO Shipping Records 33 Per Cent Drop In QI Profit
May 1, 2018 No Responses

COSCO Shipping Records 33 Per Cent Drop In QI Profit

Shanghai-listed COSCO Shipping Holdings saw its profit plunge by 33 percent in the first quarter ended March 31, 2018. The company’s net profit dropped to CNY 180.8 million (USD 28.4 million) in the period, from CNY 270.1 million (USD 42.5 million)...
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LNG Bunkering Hub Underway For Shipping Firms
April 30, 2018 No Responses

LNG Bunkering Hub Underway For Shipping Firms

In the light of efforts to decarbonise maritime transport, the Japanese government expects LNG to become a significant fuel for shipping and is positioning Japan as a hub for ships to bunker LNG. A new report by the International Transport...
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Low Sulphur Fuel Best Solution For 2020 Sulphur Cap, Says Maersk CEO
April 30, 2018 No Responses

Low Sulphur Fuel Best Solution For 2020 Sulphur Cap, Says Maersk CEO

Low sulphur fuel is the best way for the shipping industry to meet the International Maritime Organization’s (IMO) sulphur cap, set to enter into force in 2020, CEO of industry major A.P.Moller Maersk, Soren Skou, said at Singapore Maritime Week 2018....
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Grimaldi Okays $400m For Six RoRos
April 28, 2018 No Responses

Grimaldi Okays $400m For Six RoRos

The Grimaldi Group from Italy has ordered the construction of six RoRo vessels from the Chinese Jinling shipyard.  The sextet, worth USD 400 million, is scheduled for delivery in 2020, and forms part of the company’s ambitious fleet expansion plan....
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COSCO Shipping To Deliver 2018 Q1 Profit
April 27, 2018 No Responses

COSCO Shipping To Deliver 2018 Q1 Profit

COSCO Shipping International (Singapore) said it expects to deliver 2018 first quarter.  In its latest profit guidance for the first quarter ended March 31, 2018, the company said that its board of directors is of the view that the first...
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LNG Takes Centre Stage As Shipowners Weigh Future Marine Fuel options
April 26, 2018 No Responses

LNG Takes Centre Stage As Shipowners Weigh Future Marine Fuel options

With less than two years before the sulphur cap comes into force, LNG is looking more plausible as the marine fuel of the 21st century, according to shipping consultancy Drewry. Many shipowners are still weighing up the dilemma of how...
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NIMASA Canvasses Sustainable Use of Ocean Resources
April 25, 2018 No Responses

NIMASA Canvasses Sustainable Use of Ocean Resources

The Nigerian Maritime Administration and Safety Agency (NIMASA) has inaugurated Marine Litter Marshals to assist the Agency in ridding the oceans of unwanted waste materials that could cause environmental degradation and also impede safety of navigation on the...
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Improve Health, Safety Operations, ITF Urges Hutchison Ports
April 25, 2018 No Responses

Improve Health, Safety Operations, ITF Urges Hutchison Ports

The International Transport Workers’ Federation (ITF) has urged Hutchison Ports to address health and safety incidents across their global operations, after a dockworker suffered multiple injuries in a fall at the company’s Port Botany terminal. The ITF...
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Eximbank Pledges $700m For Shipping
April 22, 2018 No Responses

Eximbank Pledges $700m For Shipping

The Export–Import Bank of Korea (KEXIM) has committed to provide the country’s shipping industry with KRW 800 billion ( approximately USD 750 million) worth of loans and guarantees this year. The loans will be provided to shipping companies for buying...
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Report: LNG Tanker Violates Safety Rules
April 21, 2018 No Responses

Report: LNG Tanker Violates Safety Rules

The 2017-built LNG tanker Boris Vilkitsky, owned by Dynagas Holdings, violated a number of safety rules by entering the Northern Sea Route (NSR) with deficiencies, World Maritime News has indicated.  Namely, the 96,958 dwt ice class tanker, which trans...
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