News


APM Terminals Opens a New Era for Puerto Quetzal

 APM Terminals Quetzal is transforming Guatemala’s port sector by offering the highest productivity port operations in the country. In less than a year of operations, four new vessel strings have been added to offer the country’s import/export industries more connections to overseas markets.

India to Establish Center of Excellence in Maritime and Ship Building in 2 Cities

 A world class Center of Excellence in Maritime and Ship Building (CEMS) is being set up by Ministry of Shipping in collaboration with  Siemens and Indian Register of Shipping (IRS) under the Ministry’s flagship Sagarmala Program.

Saudi-led Coalition to Reopen Hodeidah Port

The Saudi-led military coalition fighting against the Houthi movement in Yemen said on Wednesday it would allow aid access through the port of Hodeidah and United Nations flights to Sanaa airport. The coalition closed all air,

Two Supramaxes Join Wallem’s Managed Fleet

Wallem Commercial Services said two new Supramax vessels have been added to its commercially-managed fleet.   Nitin Mathur, Managing Director of Wallem Group Singapore, said the two new vessels bring the total number of ships under Wallem’s current commercial management to 20.

Cosco Energy Transportation to Buy New Tankers

 Cosco Energy Transportation has entered into the Agreements with Dalian Shipbuilding Industry Company Limited for the construction of the Very Large Crude Carriers (VLCCs) and the Suezmaxs.   The total consideration for the construction of the VLCCs and the Suezmaxs is RMB 3.

Gazprom, Shell Discuss LNG Projects

 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, took place in St. Petersburg.   The meeting addressed relevant aspects of strategic cooperation.

Hapag-Lloyd Adds Low Carbon Refrigerant Containers from Maersk

 To maintain and expand its container fleet, Hapag-Lloyd, a global container line, has purchased 3,700 Star Cool Integrated containers as part of their recent reefer investments from Maersk Container Industry (MCI).

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.