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Cruise Sector on Track for Growth in 2018 -CLIA

The cruise industry is expected to stay on course for further growth in 2018, according to the latest State of the Cruise Industry Outlook report from trade association Cruise Lines International Association (CLIA). “It is without question that the cruise industry continues on a growth trajectory…
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USCG Begins Icebreaking in the Western Great Lakes

U.S. Coast Guard Sector Sault Sainte Marie has commenced icebreaking Operation Taconite in response to expanded ice growth in the commercial ports of western Lake Superior and the lower St. Marys River. Before ice impedes commercial navigation, icebrea...
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Asian LNG Spot Prices Jump after European Gas Outages

Asian liquefied natural gas (LNG) spot prices jumped this week in reaction to volatile price spikes on European gas markets and ongoing demand from the region's major consumers. Spot prices for January delivery hit $10.50 per mmBtu, 40 cents above last week…
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Det Norske Veritas is DNV GL’s Majority Owner Now

The Foundation Det Norske Veritas (DNV) assumes full ownership of DNV GL and remains committed to Maritime headquarters in Hamburg. Stiftelsen Det Norske Veritas (The Foundation) and Mayfair announce the sale of Mayfair’s 36.5% shares in DNV GL Group AS to DNV Holding AS.
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INS Kalvari Commissioned into the Indian Navy

The Prime Minister of India,  Narendra Modi commissioned INS Kalvari (S-21), the first of the six Scorpene class submarines built under Project 75 (Kalvari Class) into the Indian Navy at an impressive ceremony held at Naval Dockyard, Mumbai on 14 December 2017.
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ECSA, UK Chamber Urge Speedy Brexit Trade Negotiations

The European Community Shipowners’ Associations (ECSA), of which the UK Chamber is a member, have sent a letter to the EU’s chief negotiator Michel Barnier, urging the EU for “rapid and positive” progress in trade talks with the UK. The European…
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Navios Completes Acquisition of Four Containerships

Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced today that it has taken delivery of four 2008-built Panamax containerships. These vessels are employed on charters with a net daily charter rate of $27,156.
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Keeping the Red Sea Clean

In continuing its work to keep the oceans clean, International Maritime Organization (IMO) encourages member countries to ratify and enforce the London Protocol to prohibit dumping at sea. As part of such efforts, a seminar was held in Djibouti City…
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