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CMA CGM’s debt levels to soar above $15bn this year

Merchant Navy
Alphaliner has warned CMA CGM’s debt levels are set to soar this year while earnings dip.

Stena Bulk hails chemical foray

Merchant Navy
Stena Bulk has hailed its entrance into the chemical sector as having surpassed all expectations.

UK Destroyer Seizes Two Tonnes of Hashish

Navy
The Type 45 destroyer HMS Dragon has completed her sixth drug bust on the Middle East's "Hash Highway"

Fincantieri and Viking sign contracts for 2 ships

Passenger Fleet
In the context of the agreement announced in March 2018 for the construction of 6 ships, Fincantieri and Viking signed the contracts for the first 2 units

CMA CGM initiates $1.2bn cost saving scheme

Merchant Navy
Despite announcing record $23.5bn revenues for last year, France’s CMA CGM on Friday revealed it is initiating a $1.2bn cost saving scheme.

LNG-powered survey vessel ATAIR floated out at German Naval Yards Kiel

Navy
The worldwide first LNG-operated survey vessel “ATAIR“ has floated in Kiel after a building period of 16 months.

Fearnleys calls an end to cape misery

Merchant Navy
Norwegian broker Fearnleys is calling an end to the misery for capesizes, suggesting the dire run for large bulkers since the start of the year is nearly over.

Operation to Raise Norwegian Frigate Underway

Navy
The operation to raise the partially sunken frigate HNoMS Helge Ingstad started early morning on Tuesday 26 February

​World’s first hybrid cruise ship conducts sea trial

Passenger Fleet
Hurtigruten’s MS Roald Amundsen is nearing completion at Kleven Yard.

Aswan picks up Hyundai Glovis post-panamax bulker

Merchant Navy
Qatar limestone specialist Aswan Trading and Contracting has acquired Japanese-built post-panamax bulker Glovis Donghae

Venezuelan Navy Threatens Aid Ship

Navy
A Venezuelan Navy vessel threatened to open fire on a ship from Puerto Rico carrying humanitarian aid on Saturday.

Crowley Christens LNG-Fueled Con/Ro for Puerto Rico Route

Merchant Navy
Crowley Maritime christened its second LNG-fueled con/ro, Taíno, in a ceremony at its terminal in Puerto Rico.
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