GC Rieber Shipping (RISH) has agreed with Nexans Skagerrak AS, to enter into a ship management agreement for the cable laying vessel, says an article published in Yahoo Finance.
What is in the agreement?
The agreement includes management of Nexans' state...
As Central America is facing the worst drought scenario, the canal is forced to place restrictions on the number of cargo ships can carry.
The precipitation in the Panama Canal watershed was about 90% below the historical average...
The Baltic Briefing has issued the tanker report for the 31st week of this year. The report dated 2nd August 2019 provides a valuable insight into this week's tanker market dealings, freight rates, and charter activities.
VLCC
Middle East Gulf...
In a major development, Japanese container line joint venture Ocean Network Express (ONE) has announced that they have opened a dedicated container depot in the Port of Rotterdam with the Kramer Group, reports Seatrade Maritime News.
The newly opened...
Panama Canal now accounts for around 12 percent of the country’s economy with the 6,000th new Panamax (or Neo-Panamax) ship passed through the canal in April.
The improved canal is precisely 1,200 feet long, 168 feet wide and...
Mitsui OSK Lines (MOL) remained in the black in the first quarter ended 30 June 2019 with a $113.8m and has maintained its full year profit forecast, says a press release published on their website.
Maintained the First Quarter Profit
MOL...
Protection Vessels International has released the 28th Weekly Maritime Security Report of 2019. The report summarized on 31st July 2019 highlights the various incidents that took place in the past week.
Indonesia: Armed robbers steal engine spares from tanker at Lubuk...
ABB has unveiled its A255-L and A260-L turbocharger efficient for small and medium two-stroke diesel and gas engines.
Turbochargers can be used on low pressure dual fuel engines to optimize combustion and improves engine efficiency and allowing for...
CEVA Logistics, now part of the CMA CGM Group, has announced its results for Q2 and H1 2019. Ceva went through significant and structural changes in the first half of 2019 against a challenging macroeconomic backdrop, reports The LoadStar.
Accelerating...
According to an article published in Splash247, seventeen months after a fire ripped through it, Maersk is set to send the 15,282 teu boxship Maersk Honam back on active duty.
Vessel rechristened
The ship, which caught fire on March 6 last...
- Advertisement -
