News


Diana Shipping Reports 3Q Loss of $24.5 Mln

 Greece-based Diana Shipping inc. on Tuesday reported a loss of $24.5 million in its third quarter of of 2017. Its net loss attributed to common stockholders was $25.9 million.   This compares to a net loss of $78.

France to Boost LNG Usage in Shipping

 France will modify regulations on the natural gas to allow liquefied natural gas (LNG) bunkering to take place at ports, Reuters reported quoting Prime Minister Edouard Philippe.   He said the country will consider changing fiscal rules on amortising investments in new ships or engine technology.

CMA CGM Adds 4 Vessels Under French Flag

 CMA CGM has announced four additional ships under the French flag. The first among these will be a 20,600 TEU containership which will be named as CMA CGM Antoine de Saint Exupery.   The other three vessels under French flag will be 22,000 TEU ships powered by liquefied natural gas (LNG).

ZIM Pilots Blockchain-based Bill-of-lading

ZIM said it has successfully completed a trial run of paperless bills-of-lading based on blockchain technology. The pilot, performed in cooperation with Sparx Logistics and Wave Ltd., marks a first of its kind project led by an ocean carrier.

Arctic LNG Carriers Delivered: RS Class

 The construction of a series of Arctic LNG carriers under the technical supervision of Russian Maritime Register of Shipping (RS) is in progress: in November “Boris Vilkitsky” and “Fedor Litke” gas carriers were delivered to the customer and the keel of a new gas carrier was laid.

Finland's Manga LNG Terminal Gets First Cargo

 The first shipload of liquefied natural gas (LNG) arrival to the LNG import terminal in Tornio, Finland, on Sunday November 19, 2017.    The Manga LNG natural gas import terminal in Röyttä Harbor, Tornio,

Ship Operating Costs Stabilize: Drewry

The cost of operating cargo ships rose marginally in 2017 following two consecutive years of falls, but ship owners should prepare for higher costs led by a spike in insurance premiums, according to the

Optimarin Offering 5-year Parts and Service Guarantee

Norwegian-headquartered ballast water treatment (BWT) specialist Optimarin said it has become the first manufacturer to offer a five-year parts and servicing guarantee. It’s a move that, according to CEO Tore Andersen,

Mombasa Port Traffic up 10 pct in Jan-Sept

Kenya's main port, Mombasa, handled 10.6 percent more cargo in the first nine months of this year, helped by an expansion of its handling capacity and a new railway system, the port’s management said on Monday.

Tomini Places Order for 3 Kamsarmaxes

 UAE-based Tomini Shipping has increased its fleet size further with an order for three Kamsarmaxes. The 82,000 DWT ships are being built by Taizhou Kouan Shipbuilding Co, a successful private shipyard in China with over 40 years of shipbuilding experience.

Bahri Optimistic of Oil Tanker Market

 Bahri, a global leader in transportation and logistics, is very optimistic about the future of the oil tanker market and it believes that there will continue to be demand for this market, said Mohammed Al-Sarhan,

American Maritime for Puerto Rico Recovery

 The American Maritime Partnership – the voice of the domestic maritime industry – today issued the following statement to set the record straight on the importance of American maritime for Puerto Rico