fbpx

Moody’s Upgrades Hapag-Lloyd Ratings, Outlook Stable

Additionally, Moody’s upgraded the company’s probability of default rating (PDR) to B1-PD from B2-PD and its senior unsecured bond ratings to B3 from Caa1, with a stable outlook. “Our rating action reflects Hapag-Lloyd’s progress in integrating...

Algoma’s Newest Self-Unloader Sets Sail for Canada

The 38,000 dwt newbuild started its two-month journey home, departing the Yangzijiang shipyard on February 16, 2019. After taking fuel in the Philippines, the Tuvalu-flagged vessel will cross the Pacific Ocean, traveling through the Panama Canal...

Havyard to Design Two More Cargo Ships for Royal Arctic Line

This will be the third and fourth cargo vessels that Havyard Design & Solutions delivers to Royal Arctic Line A/S. The design is of the Havyard 971 type, which is smaller than the first two vessels....

GOGL Profitable Despite Capesize Freight Rates Decline in Q4

For the full year 2018, GOGL posted net income of USD 84.5 million, against net loss of USD 2.3 million in 2017. In addition, the company reported net income of USD 23.6 million in the fourth...

GoodBulk to Make Its Capesize Ships BWMC Compliant

BWTS will be installed on three Capesize bulkers in 2019 and on eight ships in 2020 during their scheduled drydocks, the company said. The installation of the systems will be evaluated on a case by case...

Ulstein Launches Series Of Fish Trawlers With State-Of-The-Art Sustainable Solutions

Ulstein Group’s dedicated ship designers share a mission of innovation; to challenge the established truth and to come up with new solutions that enhance the customers` value. Recently, Ulstein launched a series of fish trawlers with...

ONE Unveils Enhanced Intra-Asia Japan Service Network For 2019

Ocean Network Express (ONE) announced the details of its Intra-AsiaJapan service network for 2019, offering improved service coverage, comprehensive port connections and competitive transit times. Of which, ONE will operate 7 of these services, and coloading...

Stena RoRo Acquires RoPax Vessel In Japan

Stena RoRo has purchased the ferry Yamato from the Japanese shipping company Hankyu Ferry. The vessel will be rebuilt at a shipyard in Europe and be fully adapted to European standards, after which it will be...

Logos Hope Celebrates 10 Years As World’s Largest Floating Book Fair

Logos Hope, the fourth ship the organisation has operated and the world’s largest floating book fair, is a unique vessel and concept: a platform to promote literacy and education, cross-cultural harmony and service of others. The...

GAC Wins Top Steamer Agent At Krishnapatnam Port

The Office of the Additional Commissioner of Customs has named GAC India the Top Steamer Agent at the Krishnapatnam Port for the financial year 2018-2019. This recognises the company’s outstanding performance as a ship agent, as...