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New Challenges for Mega Groups as Ocean Alliance

New Challenges for Mega Groups as Ocean Alliance

Ocean carriers CMA CGM, COSCO Container Lines, Evergreen and OOCL have signed a Memorandum of Understanding to form a new mega-alliance designed to challenge Maersk Line and MSC’s 2M grouping on east-west trades. ...

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RMT: Vote to Leave EU to Stop Scottish Ferries Privatization

RMT: Vote to Leave EU to Stop Scottish Ferries Privatization

UK’s Transport union RMT called for a vote to leave the EU in the forthcoming EU referendum in order to prevent the Scottish ferry operator Caledonian MacBrayne’s (CalMac) services from being privatized, the union said on April 18. ...

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Singapore Leads in Fleet Value per Capita

Singapore Leads in Fleet Value per Capita

Singapore owners control nearly 2,000 deep-sea going vessels with a total value of USD 35.4 billion, what makes Singapore a leading nation when it comes to vessel ownership in USD terms per capita, according to valuation provider VesselsValue. ...

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Safe Bulkers Sells and Leases Back Kamsarmax Quartet

Safe Bulkers Sells and Leases Back Kamsarmax Quartet

NYSE-listed dry bulk shipping company Safe Bulkers, Inc. has entered into a sale and leaseback agreement with an undisclosed bank for four of its existing Kamsarmaxes. ...

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Stena signs contract for four new RoPax ferries

Stena signs contract for four new RoPax ferries

Stena Line has signed a contract, subject to Board approval by the end of April, for an order of four new RoPax ferries with planned delivery during 2019 and 2020, with an option for another four vessels. ...

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Two Killed in Tanker Explosion in Germany

Two Killed in Tanker Explosion in Germany

At least two people were killed in what has been described as a large explosion aboard an inland tanker berthed in Duisburg, Germany. ...

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Safe Bulkers, Inc. Announces a 30 months

Safe Bulkers, Inc. Announces a 30 months

Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, ...

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Ensuring safety of ships entering Omani ports

Ensuring safety of ships entering Omani ports

Safety of ships entering the ports of the Arabian Gulf is essential for the region’s position in trade and commerce,  ...

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Spain’s SENER Group Designs LNG Bunkering Vessel

Spain’s SENER Group Designs LNG Bunkering Vessel

An international technology and engineering company headquartered in Spain The SENER Group, , has developed its own design of a Liquefied Natur...

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Fifteen rescued from installation vessel in the North Sea

Fifteen rescued from installation vessel in the North Sea

Fifteen people had to be evacuated Tuesday night from a drifting installation vessel in the North Sea, a few kilometres off the west coast of Jutland, reports TV2. ...

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