Crowley reports that it has has successfully managed the acquisition of the M/V Honor. This is Crowley’s first vessel acquisition under the multi-year, $638 million Vessel Acquisition Management (VAM) contract it was
Although the 1,095 foot long, 12,118 TEU Evergreen Marine containership Ever Forward remains grounded in Chesapeake Bay, salvor Donjon Smit began efforts to free the vessel Sunday. That was one week after
After 27 years in the role, Joe Hughes will stand down as CEO of American P&I Club managing company, Shipowners Claims Bureau Inc. (SCB), on August 1. Succeeding him as CEO will
Athens-headquartered Euroseas Ltd. (NASDAQ:ESEA) reports that it has signed a contract for the construction of three 1,800 TEU eco-design fuel efficient feeder containerships. The vessels will be built at Hyundai Mipo Dockyard
MacGregor is a leading supplier of engineering solutions and services for sustainable maritime cargo and load handling, providing a wide portfolio of products and services that are designed to perform well with
The U.S. Department of Energy (DOE) yesterday issued two long-term orders authorizing liquefied natural gas (LNG) exports from two current operating LNG export projects, Cheniere Energy Inc.’s Sabine Pass in Louisiana and
The 15,000 TEU LNG-fueled containership CMA CGM Symi was today bunkered at the Yangshan Deep Water Port, south of Shanghai. The operation, the first ship-to-ship LNG simultaneous operation (SIMOPS) bunkering in China,
Another giant Evergreen Marine Corporation containership has grounded, but this time in the Chesapeake Bay, not the Suez Canal. Though not as large as the notorious 1,312 feet, 2 inches long, 20,112
Marine P&I (protection and indemnity) insurance mutuals have long been facing challenging market conditions that have led observers to predict that further consolidation in the industry was likely. Today, two well-known players—North
The American Bureau of Shipping (ABS) has joined the growing list of classification societies withdrawing services to Russian-linked entities. The society says that “after careful consideration of the situation in the Ukraine