News


Croatia to Speed up Building of LNG Terminal in Adriatic

Croatia will pass a special law to speed up the construction of a liquefied natural gas (LNG) terminal in the northern Adriatic, Prime Minister Andrej Plenkovic said on Thursday.   Croatia produces more than half of its gas consumption, some 2.

Capital Product Partners Adds Two Vessels, Sells One

 Greece-based international diversified shipping partnership Capital Product Partners announced the completed acquisition of the M/T ‘Aristaios’, as well as the sale of the M/T ‘Aristotelis’ and the acquisition of the M/T ‘Anikitos’.

Hapag-Lloyd North America President Freese Retires

 Wolfgang Freese, President Region North America, will be retiring after almost five decades with Hapag-Lloyd.    Freese began his career in the shipping company in 1971 with an apprenticeship to become a shipping agent.

GoodBulk Takes Delivery of Two Capesizes

 Greek dry bulk owner Goodbulk announced that in January it took delivery of two Capesize vessels and sold another one Capesize.   The Company took delivery of the Aquaproud, a 2009 built Capesize vessel of 178,057 dwt built by Shanghai Waigaoqiao Shipbuilding (SWS), China on On January 24, 2018.

Maritime Shipping Market Brightened: NYK Line

 Japan’s Nippon Yusen Kabushiki Kaisha (NYK Line) said that conditions in the maritime shipping market were positive overall during the nine-month period of the fiscal year ending March 31, 2018.    In the container shipping market,

Maersk Line to Start New Asia-Latin America Service

 Maersk Line announced the launch of the new Asia – Latin America / West Coast South America services. The service will provide Maersk Line’s customers with new direct products for Colombia, the Caribbean and Pecem, Brazil.

AAPA Responds to Trump's SOTU Address

In his first State of the Union address before a joint session of Congress, President Donald Trump called on Congress to pass an infrastructure bill that generates $1.5 trillion in infrastructure investments and streamlines permitting for major capital projects from 10 to two years,

G3 Canada Grain Terminal to Open ahead of Schedule

Canada's biggest grain terminal on a throughput basis plans to open at Port Metro Vancouver in 2019, nearly one year ahead of schedule, the chief executive of grain handler G3 Canada Limited said on Friday.

Hamburg Süd to Launch New Asia-Americas Service

Beginning in April, Hamburg Süd is launching a new service network between Asia and South America West Coast, Mexico, Central America and the Caribbean. Concealed behind the service names ASPA and ASCA

Capesizes Mark Worst Month in Two Years

The Baltic Exchange's main sea freight index fell on Wednesday as rates fell across vessel segments with the capesize index recording its biggest monthly percentage decline in two years.   The overall index, which tracks rates for ships carrying dry bulk commodities, was down 39 points, or 3.

Pakistani Wheat Sold for Export Under State Incentive Program

Wheat from Pakistan wheat has been sold to overseas buyers after the country started a new state export incentive program, European traders said on Wednesday. Around four shipments of Pakistani wheat have been sold with two shipments said to be going to Kenya, they said.

AIDAnova: Exclusive Cruises Before Maiden Voyage

Pre-premiere trips can be booked as of February 1, 2018 Travelers now have the chance to experience AIDAnova before the maiden voyage. AIDA Cruises will take ownership of the first new-build of a new generation of ships from the Meyer shipyard on November 15, 2018.