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Nov 24, 2020

CMA CGM rides the trade recovery wave

CMA CGM Jacques Saade; Image by CMA CGM French container shipping major CMA CGM posted strong business results in the third quarter of 2020 amid a recovery in demand for transportation…

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Nov 23, 2020

FMC launches investigation into container-related practices at major US ports

The US Federal Maritime Commission has launched an investigation into cargo-related practices that are having a negative impact on congestion and amplifying bottlenecks at the…

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Nov 20, 2020

Baleària completes first LNG bunkering in Port of Almeria

Spanish shipping company Baleària completed the first liquefied natural bunkering in the port of Almeria. Courtesy of Baleària The company said in its statement that the operation…

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Nov 20, 2020

Golden Ocean unveils major refinancing deal, returns to black in Q3

Bermuda-based dry bulk shipping company Golden Ocean has signed a loan agreement to fully refinance the $425 million credit facility which is secured by fourteen Capesize vessels.…

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Nov 19, 2020

First stretched Star Plus cruise ship handed over to Windstar

Star Breeze, the first cruise ship completed as part of the extension and modernization initiative of Seattle-based Windstar Cruises, has been delivered to the cruise line by the…

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Nov 19, 2020

Isle of Man Ship Registry to flag New Zealand’s diesel-electric ferries

The Isle of Man Ship Registry has been selected as the flag state to oversee the construction of two rail-enabled roll-on roll-off passenger ( RoPax) ferries that will connect New Zealand’s…

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Nov 18, 2020

Red Sea Gateway Terminal bolsters capacity with new cranes

Jeddah Port’s Red Sea Gateway Terminal has taken delivery of two remote-controlled Ship-to-Shore (STS) cranes, and 10 hybrid-Rubber-Tyred Gantry Cranes (RTGs), as part…

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Nov 17, 2020

Sovcomflot secures loan for LNG carrier pair

Joint venture companies belonging to Sovcomflot, NYK Line and Samudera, have secured a $155 million loan to finance an LNG carrier pair. Tangguh Tawuti (Courtesy of NYK Shipmanagement)…

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Nov 14, 2020

Volume recovery, cost-cutting measures help Hapag-Lloyd deliver strong results

German container shipping major Hapag-Lloyd reported strong earnings in the first nine months of this year, benefitting from volume recovery in the third quarter combined with stable…

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Nov 14, 2020

Moody’s: Shipping to end 2020 better than expected

The rating agency Moody’s has revised its outlook for the shipping industry from negative to stable as the sector outperformed the agency’s projections for this year.…

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