News


Hapag-Lloyd Deepens Cost Cut Drive after H1 Loss Widens

German shipping company Hapag-Lloyd said it accelerated cost cuts in the first half of 2018 to offset higher operational costs from fuel costs, charter rates and a slow recovery in freight rates."We have

China Ministry Seeks Feedback on LNG as Marine Fuel

China's Ministry of Transport said on Friday it is soliciting feedback from oil companies, shipowners' and port associations, and marine authorities for a plan to use liquefied natural gas (LNG) as a marine bunker fuel.

Rotterdam Port to Replace Slopes to Clean-up of Oil Pollution

The Port of Rotterdam Authority is to replace a section of the slopes stretching over more than 9 kilometres that have been contaminated by the Bow Jubail oil spill.The Port Authority announced earlier that the damage resulting from the oil spill is estimated at around 80 million euros.

WFW Advises CMBFL on Sale, Leaseback of 15 Dry Bulker

Watson Farley & Williams (WFW) has advised CMB Financial Leasing (CMBFL) on a US$180.4m sale and leaseback transaction with Star Bulk Carriers Corp, a Nasdaq-listed global shipping company providing worldwide seaborne transportation of dry bulk cargoes.

Kalmar and HHLA in Straddle Carrier Pact

Kalmar, part of Cargotec, has concluded a deal with Hamburger Hafen und Logistik AG (HHLA), the leading European port and transport logistics group, to supply a total of 10 new straddle carriers.This brings the total number of Kalmar straddle carriers ordered by HHLA in the last two years to 30,

Euronav Updates on Gener8 Merger

The acquisition of Gener8 resulted in the recognition of a gain on bargain purchase on business combination of USD 36.3 million being recorded in the consolidated statement of profit or loss in the second quarter, says Euronav.

Star Bulk Carriers Back in Black

Star Bulk Carriers has announced a net income of US$10.73 million for the second quarter of 2018, a significant improvement over the company’s net loss of US$10.28 million for the same period last year.

ZIM Annouces New Asia - America Network with 2M

Zim Integrated Shipping Services (ZIM) has announced the new Strategic Partnership Agreement with the 2M alliance, details of the new improved Asia - U.S. East Coast – Asia network that are now available.

Diana Containerships TC Contract for m/v Pamina with HMM

Diana Containerships announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hyundai Merchant Marine Co., Ltd., Seoul, for one of its Panamax container vessels, the m/v Pamina.

Brazil Freight Policy Signed into Law

Brazil's President Michel Temer signed into law a bill authorizing the government to set minimum truck freight prices, drawing criticism from farm groups who said the measures would drive up costs for food.

Diana Containerships Announces Time Charter

Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hyundai Merchant Marine Co., Ltd., Seoul, for one of its Panamax container vessels, the m/v Pamina.

HHLA Orders 10 Kalmar Straddle Carriers

Kalmar, part of Cargotec, has concluded a deal with Hamburger Hafen und Logistik AG (HHLA), a leading European port and transport logistics group, to supply a total of 10 new straddle carriers. This brings the total number of Kalmar straddle carriers ordered by HHLA in the last two years to 30,