BIMCO names new Secretary General
BIMCO reports that, following a thorough executive search, it has appointed David Loosley as its new Secretary General & CEO with effect from June 2020. Loosley joins from the Institute of Marine
Shipping
Finnlines orders environmentally friendly RoPax duo
Helsinki, Finland, headquartered Grimaldi Group member Finnlines has ordered two environmentally friendly Superstar 5,100 lane-meter RoPax vessels from the China Merchants Jinling Shipyard (Weihai), previously known as AVIC Weihai. Expected to be
CIT leads $56 million financing for two tankers
New York, N.Y., headquartered CIT Group Inc. (NYSE: CIT) reports that its Maritime Finance business led the arrangement of $56 million in financing toward the acquisition of two large commercial shipping tankers,
Hawaii Congressman introduces Jones Act amendment measures
Rep. Ed Case (D-Hawaii) has introduced three bills in Congress that would make significant changes to the Merchant Marine Act of 1920 (generally referred to as the “Jones Act”). The Jones Act
Søren Toft packs his bags for Geneva and new job at MSC
Earlier this month, Maersk Line parent company A.P. Møller – Mærsk A/S reported that Chief Operating Officer Søren Toft had decided to “pursue an opportunity outside of the company.” Now we know
International Seaways sells 49% stake in Q-Flex quartet to Nakilat
Nakilat (Qatar Gas Transport Company Ltd.) has paid $123 million in cash to take full ownership of four Q-Flex LNG carriers from joint-venture partner New York City headquartered International Seaways, Inc. (NYSE:
Hapag-Lloyd shares surge on back of battle for controlling stake
The share price of Hamburg-based container shipping giant Hapag-Lloyd has more than doubled since the beginning of the year. Today the company’s shares were trading at EUR 52.5, up from EUR 22.5
ICS: Sulfur cap a game changer, but bigger changes to come
“The 2020 global sulfur cap will be the regulatory game changer of the decade with profound implications for the economics of shipping,” says Esben Poulsson Chairman of the International Chamber of Shipping