News


NMAC Acquires 5 Product Tankers

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.

IMO Backs Polar Waters Navigation Training

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 unveils 5G

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.

GSL Acquires 2 Post-Panamax Containerships

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.

DP World Raises $2.3Bln, Rings Nasdaq Bell

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.

Rotterdam Port Trials New App on Berths

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

CMA CGM to Raise $2 bln to Fund CEVA Deal

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.

US: Qatar, Kuwait to Join Naval Coalition

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.

Baltic Index Logs Best Day Since July on Capesize Rates

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.

GE Hires Maersk's CFO as Finance Chief

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.

Romania Tries to Free Trapped Sheep on Capsized Ship

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 Appoints Mercer as Managing Director

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,