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NYK president replaced as losses hit $400m

Merchant Navy
After just four years in charge, Tadaaki Naito’s tenure in charge of one of the world’s largest shipping lines is coming to an early end

Hapag-Lloyd plans to reduce its emissions 20% until 2020

Merchant Navy
Hapag-Lloyd published its Sustainability Report, saying that it is on track to reduce its CO2 emissions per TEU-kilometre by 20% by 2020

K Line bows to pressure and appoints critic to the board

Merchant Navy
Kawasaki Kisen Kaisha has bowed to pressure as it reports another set of dire results

Australian Government Withdraws Funding for Cruise Terminal

Passenger Fleet
The NSW State Government of Australia has withdrawn A$12.7 million ($8.9 million) in funding for the Port of Newcastle's cruise terminal project

Royal Caribbean starts building fifth Oasis Class cruise ship

Passenger Fleet
Royal Caribbean announced that it started construction of its fifth Oasis Class cruise ship on April 24 with a steel cutting ceremony

Bolloré and WiseTech Unite for Global Logistics Solution

Merchant Navy
Logistics solutions group WiseTech Global has announced a strategic agreement with supply chain leader Bolloré Logistics to roll out its CargoWise One platform

HMM to expand cooperation with FESCO

Merchant Navy
South Korean flagship carrier HMM is expanding its cooperation with Russia’s FESCO

Wallenius and Swedish Orient Line create new shipping company

Merchant Navy
Wallenius SOL has started operations this month out of Gothenburg ads a joint venture between two local owners, Wallenius and SOL

Digital Association of Major Carriers Officially Formed

Merchant Navy
Four of the world’s six largest carriers, including Maersk and MSC Mediterranean Shipping Company, have officially established the DCSA after receiving regulatory approval

AET Tankers Conduct Maiden LNG bunkering

Merchant Navy
First dual-fuel sister Aframaxes owned by AET, a unit of the Malaysian shipping giant MISC, have completed their maiden ship-to-ship (STS) LNG bunkering.

Saudi Aramco tipped to lead clean tanker charge

Merchant Navy
As Saudi Aramco’s clientele increasingly faces east, its fleet needs are expected to change dramatically from dirty to clean tankers

USCG Offloads Drugs Worth $60M at Port Everglades

Navy
On Thursday, the crew of the U.S. Coast Guard Cutter Bear offloaded about seven tons of marijuana and nearly two tons of cocaine
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