News


NMM Acquires Five Containerships

Greek owner and operator of dry cargo vessels Navios Maritime Partners has taken delivery of five containerships upon the liquidation of Navios Europe.The five vessels comprise three Sub-Panamaxes and two Panamaxes, has been acquired for about USD 52 million.

Diana Shipping Fixes Ismene with Phaethon

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Phaethon International Company AG, for one of its Panamax dry bulk vessels, the m/v Ismene.

Can the New Silk Road Compete with the Maritime Silk Road?

China’s president Xi Jinping refers the Belt and Road Initiative, aka the New Silk Road, as the “Project of the Century” and according to a recent Bloomberg article, Morgan Stanley anticipates Chinese investments will total $1.

Britannia P&I sets up Shop in NY

Britannia P&I has established a new exclusive correspondent, B Americas P&I, to be based in New York.B Americas P&I will be headed by Michael Unger, a maritime lawyer with extensive litigation and arbitration experience.

Georgia Scraps Deal on Major Port Project

Georgia has ended an investment agreement with an international consortium for one of the biggest projects in the former Soviet country, the construction of a major deep sea port on the Black Sea coast, its infrastructure minister said on Thursday.

ClassNK: New Guidance for Autonomous Ships

ClassNK released its “Guidelines for Automated/Autonomous Operation of ships ~Design development, Installation and Operation of Automated Operation Systems/Remote Operation Systems”.In the field of ships,

Mideast Tensions Create Insurance Headache for Tanker Owners

Even as the United States and Iran appear to signal a keenness to avoid further conflict, oil and gas shipowners are bracing to pay a price for the war of words that culminated in rocket strikes in Iraq over the last week - higher insurance bills.

Egypt Reopens Mediterranean Ports

Egypt on Thursday reopened two Mediterranean harbors that were shut this week due to bad weather.The ports of Alexandria and Dekheila were opened "after wind speed, wave height and visibility reached levels that permit ships to enter and depart the ports," a spokesman for Alexandria said.

Finnlines Orders 2 RoPax Vessels in China

Finnlines signed an order for two RoPax vessels with China Merchants Jinling Shipyard (Weihai), previously known as AVIC Weihai.In 2018, Finnlines ordered three hybrid StoRo ultra large green vessels at Jinling Shipyard, which is also now part of China Merchants Group.

LNGSTS Hits 112 STS LNG Transfers in 2019

LNGSTS, a unit of Teekay Tankers, has closed the year 2019 with a record number of 112 open water liquefied natural gas (LNG) ship-to-ship (STS) cargo transfers.From November 2018, until July 2019, LNGSTS was the technical and manpower service provider for the largest ever LNG ship-to-ship project,

Aurora Expeditions Christens Sylvia Earle

Aurora Expeditions, the luxury cruise company that offers services to Antarctica and Arctic,  will build a second expedition ship, the Sylvia Earle, scheduled to debut in October 2021.The 126-passenger vessel  named ‘Sylvia Earle’, to honor the renowned marine biologist, oceanographer and explorer.

Dunkirk Port Switches on Cold Ironing

French container line CMA CGM announced that its ship APL Singapura has inaugurated the cold ironing facilities of the Terminal des Flandres in the Port of Dunkirk.By plugging into an onshore electricity supply (also known as "cold ironing"),