News


Four Carnival Brands to Debut New Ships in 2018

Carnival Corporation & plc will roll out four new ships in 2018 across four of its 10 global brands, as the company will add 18 new cruise liners to its fleet between 2018 and 2022.   The new vessels to set sail in 2018 will be for Carnival Cruise Line,

Beazley Appoints Moy as US Marine Underwriter

Specialist insurer Beazley has appointed John Moy as U.S. marine underwriter within its newly- launched U.S. marine platform.    Moy will report to Steve Vivian, head of U.S. marine at Beazley, and will be responsible for underwriting and building the company’s U.

Port Development: 2018 Will Be Transformative - Ince & Co

International law firm Ince & Co has advised port operators to expect a year of transformation in 2018, as shifting economic trends, trade flows and global demographic patterns, in tandem with changes

Seaspan to Raise $250m to Invest

Seaspan Corporation announced that it entered into a letter of intent (LoI) pursuant to which Fairfax Financial Holdings Limited, through certain subsidiaries, will make an investment of US$250 million in Seaspan in exchange for the issuance by Seaspan of 5.

Top Ships Gets TC Extension for Four Vessels

TOP Ships, an international ship-owning company, announced that it has extended the time charter agreements with Stena Bulk AB (ex Stena Weco AS) by 12 months for M/T Stenaweco Energy and M/T Stenaweco Elegance and by 18 months for M/T Stenaweco Evolution and M/T Stenaweco Excellence.

British Ports Association Sets Priorities for 2018

 The Chief Executive of the British Ports Association (BPA), Richard Ballantyne, has outlined the Association’s key priorities for 2018. These include continued interaction and influencing on the Brexit discussions,

GTT to Design LNG Tanks for Korean Shipyard

 GTT received at the end of 2017 an order from a South Korean shipyard regarding the design of the LNG tanks of a new LNG carrier. Its delivery is scheduled for the first quarter of 2020.   GTT will design the LNG tanks of the unit, allowing for a capacity of 174,000 m3.

Hyundai Heavy Sets 2018 Sales Target $7.5 billion

 South Korea's leading shipbuilder Hyundai Heavy Industries (HHI) aims to achieve 7.98 trillion won ($7.5 billion) in sales this year as its president warned of an unprecedented crisis due to declining order backlogs, reports Yonhap.

Hutchison Ports Acquires 50% Stake in TMA

 Hong Kong's Hutchison Ports has acquired a 50% shareholding in Amsterdam-headquartered terminal and logistics operator TMA Logistics.   TMA has a variety of general cargo terminal operations together with warehousing,

Matson Increases Neighbor Island Barge Capacity

Matson, Inc. said its subsidiary Matson Navigation Company, Inc. has replaced one of its three barges dedicated to serving Hawaii's neighbor island ports with a newer, larger barge that will improve service levels.

Washington State Sued for Blocking Coal Exports to Asia

A company that planned to build a coal export terminal in the Pacific Northwest to ship western U.S. coal to Asian markets sued the state of Washington on Wednesday for blocking construction last year.

Envirocleanse LLC inTank™ BWTS Completes Type Approval Testing

Envirocleanse LLC, division of Charter Brokerage, a BERKSHIRE HATHAWAY company, announces the completion of all land-based and shipboard testing for its patented inTank Ballast Water Treatment System.