Maritime Archives — Page 88 of 135

December 30, 2018 No Responses

Tanker Corporation To Relist Shares On Exchange In January

Chinese transportation company Nanjing Tanker Corporation, part of Sinotrans & CSC, will relist on Shanghai Stock Exchange on January 8, 2019. The opening price of its stock will be CNY 4.31 (USD 0.63) per share, the company said in its...

December 29, 2018 No Responses

Maersk Line Eyes Land-Based Acquisitions

World’s largest shipping company Maersk is reportedly targeting acquisitions on land to bolster its logistics operations as part of the group’s transformation from a conglomerate to an integrated global container logistics company. “The future will be ve...

December 28, 2018 No Responses

Firm Raises $10m To Advance Autonomous Ship Technology

Boston-based Sea Machines Robotics has raised USD 10 million that would enable the company to further develop autonomous solutions for the maritime industry. As informed, the investment marks one of the largest venture rounds for a marine- and maritime-focused...

December 28, 2018 No Responses

NYK Secures Green Loan For Its 1st Methanol-Fueled Chemical Tanker

Japanese shipping giant NYK has secured a green loan to finance the construction of its first methanol-fueled chemical tanker set for delivery in 2019. The JPY 2 billion (USD 18.04 million) loan will be provided by Taiyo Life Insurance Company ...

December 27, 2018 No Responses

Firm Faces $9.6m Fine Over Subcontracting Practices

Citing unlawful subcontracting practices, the South Korean Fair Trade Commission has fined Daewoo Shipbuilding & Marine Engineering (DSME) $9.6 million. According to investigators, from 2013 to 2016, DSME appointed 27 subcontractor...

December 26, 2018 No Responses

2018 Tanker Deliveries May Slip Into 2019

2018 has been a challenging year for tankers with rates bottoming out in the third quarter of the year, and finally ushering in a long-anticipated market recovery. Due to weak industry returns and attractive scrap prices, owners provided some relief...

December 20, 2018 No Responses

NIMASA, STOAN, MWUN Others Sign Collective Bargaining Agreement

In a bid to ensure a better living standard for dock workers in the Nigeria maritime industry, the Nigerian Maritime Administration and Safety Agency (NIMASA) alongside other associations in the sector under the aegis of the National Joint Industrial Council.....

December 19, 2018 No Responses

Firm Secures $12m For Hydrogen-Powered Vessels

The Havyard project with Havila Kystruten on hydrogen-powered coastal route operations is to receive $12 million in funding from Pilot-E. The company said that the initiative could result in vessels with up to five times longer zero-emission voyages than other...

December 17, 2018 No Responses

Firm Takes Delivery Of First LNG-Powered Container

Finland-based company Containerships, recently acquired by French CMA CGM, has welcomed into the fleet its first LNG-powered container vessel, M/S Containerships Nord, at Wenchong Shipyard, China. This is the first of a total of four LNG-fu...

December 10, 2018 No Responses

US Imports Hit Two Million Containers In One Month

Imports at the major retail container ports in the US have set another record reaching 2 million containers in a single month as retailers continued to bring merchandise into the country ahead of a now-postponed increase in tariffs on goods from...

December 8, 2018 No Responses

Nigeria Implores Maritime Stakeholders On Sustained Economic Growth

The Senate Committee on Marine Transport and the Federal Ministry of Transportation (FMOT) have called on stakeholders to join the Government in its recent efforts to pay more attention to the development of the maritime sector as it has enormous...

December 7, 2018 No Responses

Air Quality Violations: MSC Pays $630,625 Fine

Swiss container shipping company Mediterranean Shipping Company (MSC) paid USD 630,625 in penalties to the California Air Resources Board (CARB) for violating the Ocean-Going Vessel At-Berth Regulation. As informed, the violations were discovered during a rou...

December 6, 2018 No Responses

Grimaldi Gets New Car, Truck Carrier

Italian shipping company Grimaldi Group has taken delivery of its newest Pure Car and Truck Carrier (PCTC) Grande Torino from the Chinese shipyard of Yangfan, Zhoushan. According to the company, the unit is the first one from a series of seven sister...

December 6, 2018 No Responses

Maersk Explains 2050 Target For Zero CO2 Emission

A.P. Moller -Maersk aims at having carbon neutral vessels commercially viable by 2030 and calls for strong industry involvement Aimed at accelerating the transition to carbon neutral shipping, Maersk announces today its goal to reach carbon neutrality by 2...