FEBRUARY 1, 2017 — Chemical shipping vessel supply on major routes has been in surplus with many newbuilding deliveries from shipbuilders and swing tankers flooding the market. As a result, freight rates
FEBRUARY 1, 2017 — Preparing for ever stricter marine fuel regulations, Marseille, France, headquartered CMA CGM has signed a three year memorandum of understanding with Total, the world’s fourth-ranked international oil and
EBRUARY 1, 2017 — Long-time UE engine licensee Kobe Diesel is to acquire the marine diesel business of Mitsubishi Heavy Industries, Ltd. (MHI) and its wholly owned subsidiary Mitsubishi Heavy Industries Marine
JANUARY 31, 2017 — The U.S. Senate confirmed by a 93-6 vote Elaine Chao’s nomination to be transportation secretary in the Trump administration. Secretary Chao’s nomination was broadly welcomed by the U.S.
JANUARY 31, 2017 — Norway’s Volt Service AS, a subsidiary of Remøy Ship Management, has signed a contract with Damen Shipyards Group for a UV 4312 utility vessel to be delivered in
JANUARY 31, 2017 — In a reshuffle at the Federal Maritime Commission, Michael A. Khouri of Kentucky was designated Acting Chairman of the Commission on January 23, 2017 by President Trump. Acting
JANUARY 30, 2017 — Canada’s Arianne Phosphate, which is developing the Lac à Paul phosphate deposits located approximately 200 km north of the Saguenay/Lac St. Jean area of Quebec, has signing of
JANUARY 30, 2017 — Toisa Limited and 23 of its affiliated vessel-owning companies announced today that it has filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code in the
JANUARY 30, 2017—American shipbuilding and ship repair company Vigor, along with leaders of Alaska’s maritime industry, Maritime Works, jointly announced plans for an innovative training program aimed at developing an advanced manufacturing workforce
JANUARY 30, 2017—In response to an unsolicited takeover bid by John Fredriksen’s Frontline Ltd (FRO), DHT Holdings, Inc. (NYSE: DHT) has adopted a “poison pill” plan that would allow the company to