USCGC Munro's Record Cocaine Haul
The U.S. Coast Guard has released dramatic video of the moment it captured a drug smuggling vessel in the Eastern Pacific.U.S. Coast Guard Cutter Munro (WMSL-755)…
LNG Project Sanctions Set Records in 2019
Rystad Energy expects LNG greenfield investment in 2019 to reach almost $103 billion, which will be the biggest investment year for the burgeoning industry to date.A…
Piraeus Bank-AsiaPac JV on Ship Finance
Greece’s largest lender by assets Piraeus Bank is eyeing a strategic partnership with a major Asian Pacific financial conglomerate that will help it provide financing…
MOL Sets Terms of Green Bonds
Japanese shipping major Mitsui OSK Lines (MOL), the first company in Japan to issue sustainability bonds aimed at individual investors, has revealed interest and…
Maritime Cyber Alert
For some years now, the maritime sector has experienced breaches of various computer and information technology (IT) systems. Primarily, these breaches have been collateral damage. The maritime sector has almost never been the intended target. That does not mean that the damage has been minor. In June 2017, A.P. Moller-Maersk suffered a major cyber-attack. The malware had been designed by Russian hackers to disrupt the Ukrainian power sector.
Höegh LNG Wins FSRU Deal with Cheniere
Norway-based floating LNG giant Höegh LNG has signed a time charter contract for a floating storage and regasification unit (FSRU) Höegh Galleon with Cheniere Marketing…
2020 Bulkers Fixes 3 Bulkers with Koch
Norwegian shipowner 2020 Bulkers has reached time charter agreements for three of its newbuildings with Koch Supply & Trading, a subsidiary of Koch Industries.Bulk…
S'hail Adds 2 Ships to Klaveness Pool
Qatar based S'hail Shipping and Maritime Services has added two panamax dry bulk carrier into the Baumarine pool, a specialized panamax, kamsarmax and post-panamax…
LR Approves DSME Smart Ship Solution
South Korean shipbuilders Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME) has received approval in principle (AiP) from Lloyd's Register (LR) for its Smart…
MOL to Renovate Nippon Maru
Japanese transport company Mitsui O.S.K. Lines, Ltd. (MOL) announced that its group company Mitsui O.S.K. Passenger Line, Ltd. (MOPAS) has scheduled a major renovation of its operated cruise ship…
Pieridae Mulls Extensions with Uniper
Canadian energy company has negotiated extensions of the key deadlines under its 20-year agreement with German energy trader Uniper.These include expected commercial…
Shipping Majors Join CargoSmart Digital Initiative
The provider of software-as-a-service based shipping and logistics solutions, CargoSmart has announced the official execution of the Global Shipping Business Network…
South Asia Fights Marine Pollution
The benefits and implications of acceding to the 1996 London Protocol on the prevention of marine pollution by dumping of wastes and other matter in the South Asian…
Rhine water levels hit 2-month low
Water levels along the Rhine river, a key waterway for transporting commodities and other products from coastal areas to inland locations in France, Germany and Switzerland, fell to their lowest since May 21, Refinitiv Eikon data showed.Levels at the Kaub <WL-KAUB> location in Germany hit 201 centimetres and have been steadily declining since late June, the data showed.Oil barge brokers said the low water levels meant barges were leaving the Amsterdam-Rotterdam-Antwerp refining and storage hub t
Baltic Index hits Highest Level since 2014
The Baltic Exchange's main sea freight index hit a five-and-a-half-year high on Friday, boosted by stronger demand and tight spot tonnage in the Atlantic region.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 2.7%, or 49 points, to 1,865, its highest since January 2014. The index has tripled since February. The index rose 7.2% this week, to post its fourth straight week of gains…
Friends Strengthen Turkish Tug Builder
Reflecting its now dominant role in the international tug bulding market, Sanmar Shipyards in Turkey has taken the decision to significantly strengthen its team of executive directors with the appointment of two widely experienced men to bolster the existing board's range of experience and expertise. Although recruited independently, by some strange coincidence, the two new appointees first met as eleven year old boys.
Private Security in Mideast Gulf Discouraged
Shipping companies sailing through the Middle East Gulf are being urged to avoid having private armed security guards onboard as the risk of escalation in the region rises…
Navios Containers Appoints Tsironi CFO
Navios Maritime Containers L.P. (NASDAQ: NMCI) appointed Erifili Tsironi as Chief Financial Officer of Navios Containers. Tsironi previously served as Co-Chief Financial Officer of Navios Maritime Acquisition Corporation since December of 2018 and as Chief Financial Officer of Navios Maritime Midstream Partners L.P. from its inception in 2014 until December 2018.She has more than 17 years of experience in banking focusing on ship finance.
Schottel, Ulstein Team on Automation
Ulstein and Schottel announced that they will start cooperating to take the next step in automation and digitalization within marine operations. The former Ulstein subsidiary, Ulstein Blue CTRL, will continue as an independent company under the name Blue CTRL. Both Ulstein and Schottel will own 50 percent of the shares in the company. X-CONNECT is a universal digital platform for marine automation, control and monitoring.
Samskip Appoints Laaksonen as Group CEO
Samskip, a European multimodal service provider group, appointed Kari-Pekka Laaksonen as the Group Chief Executive.Laaksonen, who takes up his post at Samskip’s Rotterdam headquarters on August 1st, 2019, is the former CEO of Samskip competitor Containerships, where he led the Finnish group’s aggressive growth from 2012. He also brings significant experience from the shipper perspective, having occupied progressively senior logistics roles in the chemicals…
