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Merchant Navy

Hapag-Lloyd to Retrofit Scrubbers on Ten Vessels

Hapag-Lloyd has ordered 10 hybrid-ready scrubbers to be installed on 10 of its Hamburg class, 13,000 TEU vessels during 2019 and 2020. 

Hapag-Lloyd: Size is Not the Name of the Game Anymore

Hapag-Lloyd has disclosed details of its new mid-term Strategy 2023, saying the liner industry has come to a turning point following a period of consolidation.

Maersk Line receives Service Innovation Award for its Remote Container Management product

Maersk Line and Twill awarded at the Global Freight Awards – annual recognition for achievements in supply chain and logistics

Sovcomflot Gets $149m Credit Facility for LNG Carrier

Russian maritime shipping company Sovcomflot has signed a new USD 149 million credit facility, for up to 10 years

HMM Posts Continued Losses, Invests in Mega-Vessels

South Korean ocean carrier HMM announced continued losses on Wednesday, despite higher revenue and rising volumes.

Kirby Corporation Signs Agreement To Purchase CGBM’s Inland Tank Barge Fleet

 Kirby Corporation today announced the signing of an agreement to acquire substantially all of CGBM 100, LLC's inland marine tank barge fleet for an undisclosed amount.

MSC Wins ‘Seafarer Of The Year’ In Inaugural CrewConnect Global Industry Awards

MSC’s Master Maksym Cherniy has won Seafarer of the Year in the inaugural CrewConnect Global Industry Awards, held at the CrewConnect Global conference in Manila, in the Philippines.CrewConnect Global Industry Awards ,

LNG Shipping Rates Are Spiking and It Could Stay This Way for a Long Time

Rates for LNG carriers have boomed of late, with ship owners, active in this niche market, already reaping the benefits.

Global Ship Lease announces new long-term charter agreements between Poseidon Containers and CMA CGM

Global Ship Lease a containership charter owner, has announced that Poseidon Containers, with which Global Ship Lease has entered a definitive merger agreement, has agreed five-year charters with CMA CGM

TOP Ships Signs New TC with BP

Greece-based ship-owning company TOP Ships announced that it has agreed a new time charter employment contract for 2 years with BP Shipping Ltd for its product/chemical tanker M/T Eco Revolution.

Alliances Raise Overcapacity and Competition Concerns

The International Transport Forum has released a report The Impact of Alliances in Container Shipping highlighting the link between alliances and overcapacity, declining schedule reliability and longer waiting times.

German Shipping Operator Sentenced to Pay $3.2 Million

German shipping company MST Mineralien Schiffahrt Spedition und Transport GmbH (MST) pleaded guilty and was sentenced in Portland, Maine

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