Seapath Launches Jones Act Leasing Business
Seapath, a subsidiary of the Libra Group, has initiated a Jones Act leasing operation, having already completed initial transactions worth $25M.
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LNG-Powered Car Carrier, Cerulean Ace, Delivered to MOL
The Cerulean Ace, a new LNG-powered car carrier, was recently received by Mitsui O.S.K. Lines (MOL) from Shin Kurushima Dockyard.
Hapag-Lloyd Extends Habben Jansen's Contract to 2029
Rolf Habben Jansen has guided the company to its highest profits to date sees his Hapag-Lloyd tenure as CEO renewed until 2029.
Four New VLCCs Worth $520M Ordered by Ray Car Carriers
Ray Car Carriers has placed an order for four VLCCs with HD Korea Shipbuilding and Offshore Engineering in South Korea for a total of $520 million
SEA REWARD Loyalty Scheme Launched by CMA CGM
In a move to mirror the perks of air travel rewards, French shipping company CMA CGM has recently launched a loyalty program for its customers.
Suezmaxes Proving Still popular with Greek Owners
The demand for new tanker ships among Greek shipping companies continues to be strong, especially in the suezmax category.
Eight Methanol-ready Ultramaxes Ordered from Nantong Xiangyu
Nantong Xiangyu secures contract to build eight 64,000 DWT bulk carriers prepared for methanol fuel with Xiamen Jinxian and COSCO Shipping Bulk.
Hede International Shipping Set to Link Shanghai & LA
Hede (Hong Kong) International Shipping is gearing up to enter the Transpacific shipping lane with a new service that will link Shanghai to LA.
New Russian Service Unveiled by Another Turkish Liner
ULD Shipping, based in Istanbul, introduces Black Sea feeder service linking Turkey with Novorossiysk, featuring two leased 634 TEU sister ships.
New West Asian Regional HQ Opened by ONE in Dubai
Ocean Network Express (ONE), the world's sixth-largest container shipping company, has inaugurated its West Asia regional headquarters in Dubai.
Three Extra Daily Transit Slots Added to Panama Canal
Significant rainfall has enabled the Panama Canal Authority to introduce three additional daily transit slots raising the daily transit cap to 27
$27.4m Sale of D'amico's Oldest Tanker
The Italian shipping company d'Amico International Shipping has finalized the sale of its MR product tanker, the Glenda Melanie for $27.4 million
2010 Cape Sold by NGM Energy for $32.5m
In its latest transaction, NGM Energy has offloaded a capesize vessel constructed in 2010 – which it acquired four years ago for $18 million
Joint Service at Rio de Janeiro Suspended by CMA CGM, Maersk
Maersk and CMA CGM have informed their clients of changes to their combined Bossa Nova/SIRIUS service that links the Med to South America.
Latsco Shipping Books Four LR2 Tankers in S. Korea
Latsco Shipping, based in Greece, has placed an order for four LR2 tankers with Hyundai Mipo Dockyard in South Korea.