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Merchant Navy

Sovcomflot Tanker ‘Gagarin Prospect’ Successfully Completes First Commercial Voyage On LNG

Sovcomflot crude oil tanker Gagarin Prospect, operating on LNG fuel, successfully completed her voyage across the Baltic and North Seas from Primorsk to Rotterdam

EU Okays CMA CGM’s takeover of Containerships

European Commission’s competition regulators has approved CMA CGM acquisition of Container Finance, the holding company that controls regional container operator Containerships.

LNG Shipping Rates Double Since End-August

Headline rates for shipping liquefied natural gas (LNG) in Pacific and Atlantic basins stand at around $140,000 to $150,000 a day for a 160,000 cubic meter LNG tri-fuel diesel electric (TFDE) vessel, brokers say.

CMA CGM Strengthens Grip on CEVA Logistics

CMA CGM and CEVA Logistics have signed a new  partnership agreement that ensures CMA CGM's role as a long-term strategic partner and transfers its freight management services to CEVA Logistics.

CMA CGM ups stake in CEVA Logistics to 33%

French container line CMA CGM has increased its stake in Swiss-headquartered CEVA Logistics after the latter rejected a takeover offer last week.

Japan firms try out China’s ‘Belt and Road’ cargo transport to Europe

Japanese and Chinese logistics firms are paving the way for an alternative route to ship cargo from Japan to Europe faster than by sea by exploiting China’s “Belt and Road”

World’s largest LNG bunkering vessel sails for Europe

The world’s largest LNG bunker supply vessel has started its voyage from the HMD shipyard in South Korea to its primary area of operation in Northwest Europe, on 17 October.

There was no agreed plan before CMA CGM Centaurus heavily hit pier

The UK MAIB issued an investigation report on the allision of the UK-registered container ship 'CMA CGM Centaurus' with the quay that resulted in collapse of a shore crane and subsequent injury of 10 persons.

ONE Warns of $600 Million Loss in its First Year

Japanese carrier Ocean Network Express (ONE) expects to book an unexpected $600 million loss in its first fiscal year due to "teething problems," rising fuel prices and staffing shortages.

Panama Canal sees record annual cargo tonnage

The Panama Canal closed its 2018 fiscal year (FY 2018) with a record tonnage of 442.1m Panama Canal tonnes (PC/UMS), a 9.5% increase from the previous year.

Hapag-Lloyd enters bilateral feeder network cooperation with Ocean Network Express

Hapag-Lloyd and Ocean Network Express have concluded a Bilateral Strategic Feeder Network Cooperation Agreement, which has already started on the first trades.

New Set-Up For Caribbean Feeder Services After Acquisition

Geman shipping company Harren & Partner and Spanish Pérez y Cía have reached an agreement for Pérez y Cía to acquire CFS Caribbean Feeder Services Inc. from Harren & Partner.r

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