Monthly Archives: March 2017

The world’s third-largest container line  France's CMA CGM has reported a net loss of USD 452 million for 2016, despite turning back to profit in the fourth quarter of the year amid increase in freight rates. The fourth quarter showed positive…

The  International Maritime Organization (IMO) Polar Code took centre stage at the Arctic Council in Juneau, Alaska, United States (8-9 March) where IMO Secretary-General Kitack Lim delivered a speech on the importance of the Code. Secretary…

After a long cycle of build-up in capacity in the 2000s, shipyards hit a new peak in global output in 2010, says a report by Clarksons Research. Since then, the impact of reduced vessel ordering on shipbuilders worldwide has been a key issue for the industry…

Five European ship recycling yards have joined forces to effectively raise awareness of existing best practice and the fact that there is capacity in Europe to properly recycle ships. The newly established European Ship Recyclers Group (ESR)…

Cobham announced during Satellite 2017 that a Ku-band version of its SAILOR 60cm antenna technology platform will be available this summer. As one of the lightest, most compact and high-performing Ku-band antennas, SAILOR 600 VSAT Ku is designed to provide more vessels with faster…

Polyurea/polyurethane protective coatings manufacturer Chemline said it has established a new dedicated sales team and web page specifically for contractors. The company has served primarily the OEM market for 20 years, and is now adding contractor…

VIKING has chosen Seatrade Cruise Global in Fort Lauderdale to showcase a host of new safety solutions and servicing concepts. Marine and offshore safety equipment provider VIKING Life-Saving Equipment (VIKING) has a trio of new products in…

Royal Dutch Shell has bought only three cargoes of Iranian oil since sanctions were eased a year ago, a small fraction of what it used to buy and an indication of the legal difficulties and high prices that still hamper the trade. The Anglo-Dutch firm did not give a reason for the drop in purchases…

The Dutch family-owned tug and workboat company Herman Senior BV has ordered its 12th Damen vessel, a Multi Cat 2712. Given the very short delivery time, the new vessel will be officially launched and christened Panda on March 23. Herman Senior has a t...

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, closed at its highest level in three months on Friday, supported by robust capesize rates. The overall index, which factors in rates for capesize…