Navios Maritime Acquisition Corporation (NMAC), a Greece owner and operator of tanker vessels, announced the agreement to acquire five product tankers in liquidation of Navios Europe I Inc.On November 22, 2019, an agreement was reached to liquidate Navios Europe I.
Well-trained seafarers are essential to safe ship navigation in Polar waters and International Maritime Organization (IMO) has been playing its part with a training course for maritime instructors, underway in Valparaíso, Chile (18-22 November).
APM Terminals Barcelona revealed how the latest 5G wireless technology is enabling the use of V2X communication – where information is passed between vehicles and other entities that could affect it.During his presentation, entitled “5G in a container terminal: V2X applied to Cranes.
UK-based containership owner Global Ship Lease (GSL) has agreed to acquire two 2004-built, 6,080 TEU Post-Panamax containerships for an aggregate purchase price of $24.5 million and with charters in place to a leading liner operator for minimum 52 months to maximum 60 months.
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of the global port operator DP World, rang the market-opening bell at Nasdaq Dubai to mark the listings of two sukuks (Arabic name for financial certificates) and two conventional bonds worth $2.
The Port of Rotterdam Authority is starting a trial digital service providing application-based advice on public berths for inland shipping.As they are approaching the port, users of RiverGuide - the
Shipping group CMA CGM said it planned to raise $2 billion to help finance its takeover of CEVA Logistics, with half the cash coming from selling port assets to its joint venture with China Merchants Port Holdings Co.
Qatar and Kuwait have told the United States that they will join a U.S.-led naval coalition in the Gulf which was established in response to a series of attacks on oil tankers, a U.S. military official said on Monday.
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, on Monday recorded its biggest daily percentage jump in more than four-and-a-half months, buoyed by a surge in capesize rates.
General Electric Co on Monday named finance head at shipper AP Moller-Maersk as its new chief financial officer in the latest top-level change aimed at turning around the U.S. industrial conglomerate.
Port authorities tried to right a capsized ship on Monday to rescue thousands of sheep trapped below deck in the Black Sea off Romania.The Palau-registered Queen Hind flipped onto its side shortly after leaving Romania's Midia port en route to Saudi Arabia on Sunday.
Semco Maritime Ltd. has appointed Brian Mercer new Managing Director in the UK. Brian Mercer has taken up the position as Managing Director based on a diverse background with more than 30 years of experience covering oil & gas,