The International Maritime Organization (IMO) treaty ensuring that adequate compensation is available to persons that suffer damage caused by oil spills, when carried as fuel in ships’ bunkers, has been ratified by Myanmar. The International…
Read more
Chembulk Tankers Issues USD 200mln Bond
Chembulk Tankers announced that one of its wholly owned subsidiaries, Chembulk Holding LLC, has priced USD 200 million in senior secured bonds which will carry a coupon of 8.00% and be due in February 2023. The net proceeds from the bond offering…
Read more
Antwerp, Metz Rail Connection Doubles in Frequency
One year after the introduction of the rail shuttle between Antwerp and Metz, the intermodal logistics operator Multi-Modal Rail (MMR) has doubled the frequency. As of the middle of January the Dutch-French company provides a second weekly container sh...
Read more
Tug Explosion Kills Three in Kentucky
A tug boat explosion has left three people dead and numerous others injured on the Tennessee River in Calvert City, Ky. Authorities said the tug was undergoing repair in drydock when an explosion occurred inside the vessel around 9 a.m. on Friday.
Read more
Ocean Network Express Completes Merger Approvals
South Africa’s competition watchdog becomes final signatory allowing Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL ), Nippon Yusen Kabushiki Kaisha (NYK ) merger, so that Joint venture (JV) can start operations on April 1. "K Line…
Read more
G2 Ocean Names Wallem
Wallem Ship Agency has been appointed by G2 Ocean to provide Ship Agency services to all their vessels calling in ports in SE Asia. The agreement has been made with Wallem Ship Agency in Singapore, Malaysia, Thailand, Philippines, Vietnam, and Myanmar.
Read more
Digital Naming of Stena Immortal
The digital naming of the IMOIIMAX tanker Stena Immortal took place yesterday (January 18) at Stena's new office in Hellerup in the north of Copenhagen. Some 200 guests had gathered to attend the naming ceremony and watch godmother Jane Olsson…
Read more
UK Chamber Stand on Seafarers Minimum Wage
The Government's newly issued 'Guide to the application of the Equality Act 2010 and National Minimum Wage for seafarers' does not make any change to legal entitlement for those working in UK waters, the UK Chamber of Shipping advises. "The…
Read more
Global Ship Lease Eyes Acquisitions
The London-based Global Ship Lease (GSL) said that it is well-positioned as one of few publicly listed containership leasing companies to acquire attractive portfolios of ships, attract growth capital or find a complementary merger partner.
Read more
EU Ports Stress on Open Investment Environment
European Commission published a Proposal for a Regulation establishing a framework for screening of foreign direct investments into the European Union and a Communication entitled “Welcoming foreign direct Investment while Protecting Essential Interests” on 13 September 2017.
Read more