People & Company News

Photo: CMA CGM

Global Ship Lease Extends TC with CMA CGM

 Global Ship Lease, a containership charter owner, announced that it has agreed to an extension of its charter with CMA CGM for the GSL Tianjin, a 2005-built, 8,063 TEU containership.    The vessel

Photo: Studio Fasching, Chittagong, Bangladesh, 2017 -  NGO Shipbreaking Platform

Norway SWF Dumps 3 Shipping Firms

 The Norwegian Central Bank  has decided to exclude ship owners Evergreen Marine Corporation, Precious Shipping, Korea Line Corporation and Thorensen Thai Agencies from the Government Pension Fund Global (GPFG).

Photo: Diana Shipping Inc.

Diana Shipping Enters into TC Contract with Uniper

 Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels, the m/v Phaidra.

Photo: Nordic American Tankers

Nordic American Tankers Signs TC with Cepsa

 Nordic American Tankers has announced that it entered into an one-year term charter with the major Spanish oil company Cepsa for a ship.   The company says  is the 2004 built Nordic Castor is expected

David Kalata (Photo: JAXPORT)

JAXPORT Hires Kalata as Container Accounts Director

JAXPORT has hired logistics and transportation professional David Kalata as Director, National Container Accounts. Kalata joins JAXPORT’s sales and marketing team and is responsible for developing new

(Photo: A.P. Moller-Maersk)

Maersk, IBM to Launch Blockchain Joint Venture

The world’s largest container shipping firm A.P. Moller-Maersk is teaming up with IBM to create an industry-wide trading platform it says can speed up trade and save billions of dollars.   The global

Photo: Peter Gramstrup / Norden

Norden Boosts Earnings Expectations

 Danish shipping firm Dampskibsselskabet Norden A/S said its unaudited and preliminary results indicate an adjusted result for 2017 in the range of $20 million to $35 million, up from previous expectations of -$10 to $30 million.

Photo: Kees Torn, Port of Rotterdam

Port of Rotterdam: 2017 in Review

Over the past year, 29,646 seagoing vessels entered the port of Rotterdam, up more than 600 from 2016's 29,022.    The number of incidents in the port fell from 159 to 129, and included one ‘serious

Photo: Sevan Marine ASA

Shell Announces Plan for Penguins Filed Redevelopment

Shell announced the final investment decision for the Penguins field redevelopment project in the U.K. sector, which includes the construction of a new-build Sevan Marine designed cylindrical floating production, storage and offloading (FPSO) vessel.

Group photo of MOL Maritime (Europe) B.V. and MOL management provided  by MOL

MOL Acquires Seafarers Manning Company

 Japan's Mitsui O.S.K. Lines (MOL) has announced that MOL acquired 100% of the issued shares of Azalea Maritime B.V. on December 21st, 2017.   Azalea Maritime changed its name to "MOL Maritime (Europe) B.

Hapag-Lloyd's Nachbar Appointed to Industry Board

The Container Owners Association – the international organization representing container shipping lines and container leasing companies worldwide – has appointed Frank Nachbar, Director - Container Engineering, Hapag-Lloyd, to its Board of Directors.