Diana Shipping Back to Black in 4Q 2018 1

Diana Shipping Back to Black in 4Q 2018

The company delivered a net income of USD 2.9 million and net income attributed to common stockholders of USD 1.5 million for the three months ended December 31, 2018. In the same period a year earlier,...
Corvus Energy Wins World’s Largest Battery Package Order for Hybrid Vessels 2

Corvus Energy Wins World’s Largest Battery Package Order for Hybrid Vessels

As informed, the technology will be installed onboard Havila Kystruten’s environmentally-friendly coastal vessels. “This is a big step for the cruising industry and we are extremely proud to receive this order… The Energy Storage System (ESS)...
ZPMC Invests in COSCO to Enhance Business with Terminal Companies 3

ZPMC Invests in COSCO to Enhance Business with Terminal Companies

ZPMC recently signed the share subscription agreement with COSCO Shipping Holdings for private A share of 111,111,111 at the price of CNY 3.78 for each share. As explained, the investment is expected to further deepen collaboration...
ING And EIB Provide €110m For Spliethoff’s Green Shipping Investments 4

ING And EIB Provide €110m For Spliethoff’s Green Shipping Investments

ING and the European Investment Bank (EIB) signed a EUR 110m loan agreement to finance Dutch ship management company Spliethoff’s Bevrachtingskantoor B.V. for the retrofitting of 42 vessels of its fleet with exhaust gas cleaning systems...
ABS Expands Guide For International Naval Ships 5

ABS Expands Guide For International Naval Ships

ABS updated its Guide for Building and Classing International Naval Ships (INS Guide), expanding its industry-leading guidance to strengthen safety and protection against a range of threats. “ABS is a world leader in naval classification and...
Port Of Rotterdam Highlights Impact Of Five Mega Trends On Container Industry

Port Of Rotterdam Highlights Impact Of Five Mega Trends On Container Industry

Port Of Rotterdam Highlights Impact Of Five Mega Trends On Container Industry The impact of five megatrends on the container industry Demographic changes, shifts in economic power, technological innovations. These are megatrends, each of which is...
Ship Owners Must Look Beyond 2020 Compliance Solutions To Mitigate Risk Of Costly Failures And Downtime – Auramarine 6

Ship Owners Must Look Beyond 2020 Compliance Solutions To Mitigate Risk Of Costly Failures And Downtime – Auramarine

Auramarine, the leading provider of fuel supply systems for the marine and power industries, has today urged the marine sector to look beyond just the initial choice of compliance solution ahead of the impending 0.5% global...
GE Provides SeaStream Dynamic Positioning System To PKNU’s Training Vessel 7

GE Provides SeaStream Dynamic Positioning System To PKNU’s Training Vessel

Pukyong National University (PKNU) has chosen GE’s Power Conversion business to provide the SeaStream Dynamic Positioning (DP) system for their training vessel for fisheries industry training. GE’s SeaStream DP will enable the ship to perform operations...
ICS: Oil Tanker Ban on BC’s North Coast Is a Hindrance to International Maritime Trade 8

ICS: Oil Tanker Ban on BC’s North Coast Is a Hindrance to International Maritime Trade

The Canadian Senate is giving consideration to legislation — Bill C-48 — that would prohibit large tankers carrying crude and heavy oils from stopping, loading or unloading at ports in northern B.C. The area covered by...
Alphaliner: Tariffs Intensify US Container Imbalance

Alphaliner: Tariffs Intensify US Container Imbalance

Alphaliner’s survey of the 10 largest container ports in the US showed that the total laden imports grew by 6.2% last year to reach 20.66 million TEU while total laden exports grew by only 2.1% to...