Navios swoops again
APRIL 28, 2017 — Navios Maritime Holdings Inc. (NYSE:NM) reports that it has signed an exclusivity agreement and term sheet to purchase directly or indirectly, 100% of FSL Asset Management Pte. Ltd.
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Maersk Line to pay $4 billion to acquire Hamburg Sud
APRIL 28, 2017 — A.P. Møller – Mærsk AS said today that the sale and purchase agreement for Maersk Line’s acquisition Hamburg Süd has now been approved by the boards of Maersk
Becker reports continued Asian market successes
APRIL 27, 2016 — Hamburg, Germany, headquartered Becker Marine Systems says that, despite the on-going crisis in the shipbuilding industry, it is continuing its successful entry into Asian markets. It is opening
Maersk partners with Microsoft for digital transformation
APRIL 26, 2017 — Maersk has joined forces with Microsoft Corp. in what’s described as “a strategic move to revolutionize supply-chain management and global trade.” Under the agreement Microsoft has been selected
Bullets fly as piracy incidents mount
APRIL 24, 2017 — Several recent incidents show that Somali pirates are active again and are showing no hesitation in firing on merchant vessels. EU NAVFOR reports that late on Saturday evening,
MM&P: Tug shortage hits Panama Canal transit numbers
APRIL 21, 2017 — Only half of the projected number of ships per day are transiting through the new Panama Canal locks due to a lack of staff and infrastructure says the
Navios signs LOI on scrubbers with BELCO
APRIL 12, 2017 — Navios Group member Navios ShipManagement Inc. has issued Parsippany, NJ, based DuPont subsidiary Belco Technologies Corporation (BELCO) a letter of intent (LOI) endorsing BELCO as the preferred supplier
Wison unveils versatile LNG distributor design
APRIL 11, 2017 — Shanghai, China, headquartered Wison Offshore & Marine has developed the Wison-LNG-Distributor (LNGD). With a capacity range of 5,000 cu.m to 20,000 cu.m, the vessel integrates the functions of
Ice class SAR tug/supply nears completion
APRIL 10, 2017 — Russia’s Nevsky Shipyard is currently fitting out the fourth in a series of four MPSV12 design multipurpose, shallow draft, tug/salvage vessels. The 79.85 m by 17.36 m Arc
Shipping industry calls for HNS Convention ratification
APRIL 7, 2017 — The shipping industry, represented by the European Community Shipowners’ Associations (ECSA), the International Chamber of Shipping (ICS) and BIMCO, is very supportive of the 2010 Protocol to the