News


G E Shipping Sells Supramax

 India’s largest private sector shipping company  Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2003 built Supramax Dry Bulk Carrier Jag Rahul of about 52,364 dwt.    G E Shipping said that the vessel will be delivered to the new buyer in Q4 FY 2017-18.

Global Ship Lease Extends TC with CMA CGM

 Global Ship Lease, a containership charter owner, announced that it has agreed to an extension of its charter with CMA CGM for the GSL Tianjin, a 2005-built, 8,063 TEU containership.    The vessel

Norway SWF Dumps 3 Shipping Firms

 The Norwegian Central Bank  has decided to exclude ship owners Evergreen Marine Corporation, Precious Shipping, Korea Line Corporation and Thorensen Thai Agencies from the Government Pension Fund Global (GPFG).

Diana Shipping Enters into TC Contract with Uniper

 Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels, the m/v Phaidra.

Nordic American Tankers Signs TC with Cepsa

 Nordic American Tankers has announced that it entered into an one-year term charter with the major Spanish oil company Cepsa for a ship.   The company says  is the 2004 built Nordic Castor is expected to be delivered on the time charter in late February for a contract of up to 15 months.

Navios Maritime Containers Acquires Boxship

 Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced that it has acquired the Navios Felicitas, a 2010-built, 4,360 TEU containership for a purchase price of USD 11.

US Coal Exports Bound for Japan's New Power Plants

U.S. miner Cloud Peak Energy said on Tuesday it will export coal from a Montana mine for 30 to 40 months to two new power plants in Japan with shipments that could start late next year.   The coal from

JAXPORT Hires Kalata as Container Accounts Director

JAXPORT has hired logistics and transportation professional David Kalata as Director, National Container Accounts. Kalata joins JAXPORT’s sales and marketing team and is responsible for developing new and existing container cargo business with accounts throughout the United States.

Adani Adds Two New Dredgers to Its Fleet

India’s largest private multi-port operator Adani Ports and Special Economic Zone Ltd (APSEZ) inaugurated two new 8,000m3 trailing suction hopper dredgers (TSHDs) on January 8.   Both dredgers were built by Royal IHC in The Netherlands and recently arrived at Adani’s Hazira Port in Gujarat,

Capesize Rates Pull Baltic Index to 4-month Low

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, hit a more than four-month low on Tuesday, as capesize rates dropped to their lowest since August last year.

First Containership Receives LR Cyber Notation

The newly built containership MV COSCO Shipping Aries, recently delivered to COSCO Shipping Lines, is the first ever containership to receive Lloyd’s Register’s (LR) cyber-enabled ship (CES) descriptive note “Cyber AL3 SECURE PERFORM” for its energy management system.

Maersk, IBM to Launch Blockchain Joint Venture

The world’s largest container shipping firm A.P. Moller-Maersk is teaming up with IBM to create an industry-wide trading platform it says can speed up trade and save billions of dollars.   The global shipping industry has seen little innovation since the container was invented in the 1950s,