(ONE) held a welcome event on 26 November 2018 to celebrate the maiden call of its ONE COLUMBA vessel at the Thai port of Laem Chabang. The arrival was in fact a significant milestone for the entire maritime trade of Thailand as it marks the largest container vessel ever to call upon the “Land of…
MSC Mediterranean Shipping Company S.A. is introducing new bunker charges as of 1 January 2019 to achieve the common goal of improving environmental performance in the container shipping supply chain, as required by the 2020 Sulphur cap. We believe that it is essential to segregate transparently the burden of fuel costs, in order for this…
A ribbon-cutting ceremony was held today to launch a new platform that the NYK Group has developed for ship management. Named “NiBiKi,” the platform will reduce burdens for the onboard crew, thus helping them to work comfortably and concentrate on ship operations. The data will be shared with five ship-management companies* overseeing about 260 vessels…
The consortium of superyacht marina development and operating group Adriatic Marinas and the global ship and superyacht builder Damen, have been working with the Government of Montenegro. Since 2012 the parties have been developing plans to bring about the redevelopment of the former Bijela shipyard in Boka Bay, Montenegro. The recent completion of technical surveys…
International Transport Intermediaries Club (ITIC) has warned that the role of an expert witness should not be undertaken lightly and that all professionals acting in this capacity should be aware that they could face legal action for negligence. In the latest issue of its online newsletter, The Wire, ITIC cites a case involving an explosion…
Built by South Korean Hyundai Mipo in 2015, the vessel will be sold for a consideration of USD 27 million to an unnamed Japanese company. As informed, the transaction allows d’Amico Tankers to generate at the vessel’s delivery around USD 8.6 million in cash, net of commissions and the reimbursement of the tanker’s existing loan….
Market headwinds coupled with off-hire of seven vessels due to scheduled drydocking and repairs pushed the company into a net loss of USD 36.1 million in the first nine-months of this year. For the same period in 2017, the company booked a profit of USD 18.8 million. Nikolas Tsakos, TEN’s CEO, said that the market…
The deal, which is a part of the company’s previously announced program to install scrubbers across its fleet, would see Scorpio Bulkers buy the equipment for 18 of its vessels in 2019 and for another 10 units in 2020. The total value of these contracts was estimated to be around USD 42.4 million. Scorpio Bulkers…
The deal with an undisclosed Chinese leasing company was announced in September this year. The sale and leaseback agreements envisage for the two newbuilds to be sold following their delivery from the shipyard in April and May of 2019, respectively. The proposed financing deals include pre and post-delivery financing and have a term of seven…
A Filipino seafarer is recovering in hospital after fracturing his spine falling from a ladder on 14 November. Adriano Gicos, 55, was descending into the ship’s hold when he slipped and fell four metres while travelling from Singapore to Brazil. Colleagues who witnessed the accident had to use a crane to get him back to…
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