COSCO-owned transport and logistics company Orient Overseas (International) Limited (OOIL) wrapped up 2019 with a significant earnings growth despite market uncertainties.
Federal Transport Authority of the United Arab Emirates (FTA) has banned the Panama-flagged containership MSC Joanna from operating in UAE waters and ports for a duration of one year over violation of the carriage ban.
Danish Maersk Tankers has entered into a deal with chemical tanker owner and operator Team Tankers International to take over the commercial management of its 27 tankers and establish two new pools.
The 23,000 TEU LNG-powered containership giant CMA CGM Jacques Saade has set sails for sea trials right on schedule, according to its builder Hudong–Zhonghua Shipbuilding, a wholly-owned subsidiary of China State Shipbuilding Corporation.
The European Community Shipowners’ Associations (ECSA) has welcomed the Declaration on Waterborne Transport issued on March 11 at the High Level Maritime Ministerial Conference organized by the Croatian Presidency in Opatija.
Monaco-based dry bulk shipping company Scorpio Bulkers has entered into agreements to sell three bulker vessels for approximately USD 53.5 million in aggregate.
French container shipping major CMA CGM ended 2019 with significantly increased revenues due to the acquisition of CEVA but also a bigger net loss.
Singapore-based tanker owner Mercantile & Maritime is planning to end its shipping of Venezuelan oil for Rosneft in line with the sanctions imposed by the United States against the Russian oil giant’s Geneva-based trading arm Rosneft Trading S.A.
Major port state regimes including Paris MoU, Tokyo MoU and the United States Coast Guard (USCG), plan to rigorously enforce the IMO’s Sulphur 2020 from March 1st, 2020.
Following the listing of the giant ore carrier MV Stellar Banner off the coast of São Luís, in northeastern Brazil, the relevant companies and authorities are scrambling to avoid a potential environmental disaster.