40 years ago, on September 13th, 1978, Jacques R. Saadé launched the first maritime line between Marseilles and Beirut, with only one ship and 4 employees. This day marked the beginning of an extraordinary humane and entrepreneurial adventure. 40 years later, CMA CGM has become a recognized world leader, with 34,000 employees and a presence…
MOL and Marubeni Corporation announced the signing of a business cooperation agreement with Japanese Project Promotion Vehicle in the Far East LLC (JPPV) (*1). JPPV is jointly established by Japan Bank for International Cooperation, Far East Investment and Export Agency (*2), Far East and Baikal Region Development Fund (*3) with the objectives of encouraging Japanese…
Kotug Smit Towage has taken four newly-built Damen tugs into service for its European harbour towage activities, in 2017 and 2018. One of this quartet, the ‘Southampton’ is currently operating in the Port of Zeebrugge. The ‘Southampton’ is an ASD Tug 2913 and has a bollard pull in excess of 80 tonnes. The tug is renowned for its…
Jawaharlal Nehru Port Trust (JNPT) in Navi Mumbai and Adani Ports, India’s largest private sector port operator are likely to bid for the bankrupt Dighi Port. The Dighi Port was declared bankrupt by the National Company Law Tribunal (NCLT) in April, 2018. South Koren Steel company Posco is also reported to be in the contention. Cash-rich JNPT,…
Surrey Satellite Technology Ltd (SSTL) has confirmed the successful launch of two satellites, NovaSAR-1, a Synthetic Aperture Radar (SAR) satellite, and SSTL S1-4, a high resolution optical Earth Observation satellite. The two satellites were launched into a 580km sun-synchronous orbit on board the PSLV launch vehicle from the Satish Dhawan Space Centre in Sriharikota, India…
Chemical tanker firm Odfjell said in a statement that it will not invest in scrubbers to clean fuel on its vessels in order to comply with new stricter emission rules from 2020. Odfjell instead plans to use compliant fuel which meets the new standards. The International Maritime Organization (IMO), the United Nations’ shipping agency, has…
The South Korean government has planned to invest The South Korean government will invest 20.2 billion won ($18 million) to create a logistics cluster base around the northern mouth of the Incheon Port to upscale the harbor environment along the west coast. According to the Incheon Regional Office of the Ministry of Oceans and Fisheries,…
Canada’s lead Arctic and Offshore Patrol Vessel the future HMCS Harry DeWolf, was launched today, Sept. 15, 2018, marking a significant milestone for the National Shipbuilding Strategy (NSS) and the revitalization of the Royal Canadian Navy’s combatant fleet. At 103 metres and 6,615 tonnes, the future HMCS Harry DeWolf is the largest Royal Canadian Navy…
China unveiled on Monday (10 Sept, 2018) its first icebreaker ship. Named ‘Xuelong 2’, it has been built domestically. Arctic Today reports that the Xue Long 2 icebreaker joins a fleet that currently consists of one other ship, a former Soviet vessel built in Ukraine. As the arctic belt ice has been melting, there has…
Aalto Shipping Company acquires a new ship The Finnish Aalto Shipping Company started its operations in spring 2018. In early 2018 it acquired two modern ice-strengthened dry bulk carriers for its fleet and started operating them under the Finnish flag. A new ice-strengthened vessel will be transferred to Aalto Shipping Company’s ownership in September, and…
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