Thursday, July 19, 2018

Korea Line Corporation Recovers USD 68 million in Charter Arbitration Dispute

The Korea Line Corporation (KLC) has recovered KRW 76 billion (USD 68 million) from the parent firm of a company that repudiated a charter...

Pioneer Marine Announces 3Q, 2017 Results

Pioneer Marine Inc, on Wednesday, announced its financial and operating results for the third quarter (Q3) and nine months period, which ended on September...

Safe Bulkers to Install Erma First’s Ballast Water Treatment System

Safe Bulkers Inc announced an agreement with Greece-based, Erma First, to install a Ballast Water Treatment System (BWTS) in all its vessels. The BWTS of...

Navigator Holdings Report 3Q Loss of USD 1.1 Mn

Navigator Holdings (NVGS) reported operating revenue of USD 70.2 million for the three months period which ended on September 30, 2017. NVGS reported a...

MOL Drifts to Artificial Intelligence to Monitor Vessel Performance

Japan’s Mitsui O.S.K. Lines (MOL) has collaborated with Fujitsu Laboratories and Tokyo University of Marine Science and Technology, to verify the accuracy of technology...

RCL Orders Twin Boxships with Jiangsu Shipbuilders

Thailand-based shipping company, Regional Container Lines (RCL), has ordered two 1,668 TEU container vessels at Jiangsu New Yangzi Shipbuilding in China, the company said...

CMA CGM Chooses Bureau Veritas for Classification of 9 Biggest LNG-Fuelled Ships

Bureau Veritas (BV) announced today that it has been awarded the responsibility for classification of CMA CGM’s new 22,000 TEU containerships. The decision for...

Shipping Firms Incur High Expenditure to Combat Piracy on Nigerian Waters

Due to the volatile nature of Nigeria waterways, foreign shipping companies spend over N13.76 billion (USD 45 million) annually to escort their vessels from...

Maresk Line Hamburg Süd Acquisiton Secures 18 Jurisdiction Approvals, Three More in Queue

The Maersk Line received a clearance for its acquisition of German liner Hamburg Süd in 18 jurisdictions, with three more approvals remaining to be...

Port of Rotterdam, Gasuine and EBN in CCS Study

CCS (Carbon Capture and Storage) is recognised both internationally and in the Netherlands’ new coalition agreement as a key instrument for the timely reduction...