As part of PIL "continuous effort to optimize its network efficiency", writes the shipowner in a note, the company will be withdrawing its services from the Transpacific market
The rapid spread of the coronavirus disease is taking a toll on the $46 billion global ocean cruise industry. Many see Asia as a potential growth area for cruise tourism
U.S. President Donald Trump has thanked Cambodia for taking in the castaway cruise ship MS Westerdam in a rare message to a country that is one of China’s closest allies and has often been at odds with Washington
Vietnam has denied two cruise ships permission to dock due to fears of coronavirus infections on board, Vietnamese state media and a cruise operator reported on Friday
Global ship deliveries have been hit as yards in China struggle to get fully back to work as a result of the coronavirus outbreak, with one shipbuilder saying it could not deliver two vessels
Clariant Chief Financial Officer Patrick Jany is exiting for a post at Maersk marking the latest management change at the Swiss speciality chemicals maker after its CEO jumped ship last year
Thailand has barred passengers from Holland America’s cruise ship MS Westerdam from disembarking. The Netherlands-flagged ship was sailing off the southern coast of Vietnam
The sister ship of the "YM Efficiency", which lost 81 containers off the coast of Newcastle and Port Stephens in June 2018, has been stopped in Sydney for a pollution debt that could cost Yang Ming more than 12 million euros
Danish-based consultancy Knud E. Hansen has designed a 212-metre RoPax ferry with a large battery bank to power it while dockside, allowing for zero emissions in port. The vessel can transport up to 700 passengers and 390 cars
Dozens more people on a cruise ship quarantined in a Japanese port tested positive for the coronavirus on Friday and thousands of passengers remained confined to their cabins, only allowed on deck briefly for fresh air
UI Group and its longstanding partner Royal Caribbean Cruises are planning to expand their luxury, expedition and premium cruise segment and to attract new target audiences for luxury cruise products
The Brexit uncertainties have caused Danish shipping company DFDS a weak development of trade volumes in 2019
The EMA service will consist of six Panamax vessels. The port rotation for the weekly service is Mersin – Haifa – Alexandria – Istanbul – Piraeus – Genoa – Algeciras - New York – Norfolk – Savannah – Algeciras – Mersin
Around 3,700 people are facing at least two weeks locked away on a cruise liner anchored off Japan after health officials confirmed on Wednesday that 10 people on the ship had tested positive for coronavirus and more cases were possible
Hong Kong was testing over 1,800 passengers and crew on a cruise ship for a coronavirus that originated in Wuhan
Samsung Heavy Industries Co., a major shipyard in South Korea, had its net losses widened in the fourth quarter from a year earlier due to one-off costs
The United States on Friday lifted sanctions on one of two units of the giant Chinese tanker company COSCO, the Treasury said, partially reversing its punishment to the company for transporting Iranian oil
Norway’s national economic crime unit raided the local office of international shipping company Teekay Offshore this week on suspicion of illegally exporting waste
Some 6,000 people are being kept on board an Italian cruise ship as tests are carried out on two Chinese passengers suspected of having caught coronavirus
The technology group Wärtsilä has been selected to provide the complete system design and full equipment scope for two new 9300 DWT self-discharging bulk carriers featuring hybrid propulsion
Greek container shipping company Costamare has renewed its fleet with four new acquisitions
In preparations to host the 2022 World Cup, Qetaifan Projects, a Katara Hospitality owned company signed a memorandum of understanding with Admares
Croatia's DIV Group, which owns the Brodosplit shipyard in Split, is set to buy Kleven Verft, a Norwegian shipbuilding company specializing in the construction of offshore and cruise vessels
Hundreds of people in small rowing boats protested in front of Venice’s St Mark’s Square on Sunday to denounce what they say is a proliferation of motor boats that have crowded the waters of the lagoon city
Shipping company MSC and France’s Saint Nazaire shipyard won a 2 billion euros ($2.2 billion) deal to build two cruise liners
The technology group will supply Chantiers de l‘Atlantique, France, a comprehensive package of integrated solutions designed to support and enhance the efficiency and environmental sustainability of two cruise vessels
Strict enforcement of competition rules in the European Union prevents the development of the global champions necessary to compete with Chinese and U.S. companies
Dutch shipyard Damen made the only feasible offer to build Germany’s new multi-role warship MKS 180 in an alliance with its Bremen-based partner Luerssen
Maersk plans to focus on premium services such as cold storage and digital solutions to avoid competing with its own freight-forwarding clients as it expands in the land transportation business
Deliveries to Hong Kong soared around 375 percent in 2019 compared with 2018. Singapore was another important market for local shipbuilders as their sales to the city state stood at $38.8 million
Reported every Friday (except Chinese holidays), the NCFI was first published in September 2013
“I am very excited to be joining BIMCO at this critical time for the industry where a volatile market, new technology and increasing environmental regulation are all having a significant impact."
The Piraeus Port Authority, a subsidiary of China’s Cosco Shipping Group, anticipates a further increase in 2020, according to Deputy Manager for Public and Investor Relations Nektarios Demenopoulos
In order to further improve the service level and port coverage for local customers, Maersk develops its network across Spain. On 23rd January, the first sailing of Maersk’s new Z03 feeder service will take place, connecting the port of Gijón with Algeciras
VLSFO has lately started to trade at levels comparable with marine gasoil, a type of diesel fuel used by tankers
During this year, Hapag Lloyd will "continue to concentrate on expanding our business in growth regions" said chief executive officer Rolf Habben Jansen in an interview published on the group's internet site
The groups' executives have signed an agreement that launches the Ocean Alliance Day 4 Product, that should further strengthen the four companies's service offer.
The recent escalation in the unrest between Iran and the US has raised fears of a wider war in the Middle East, writes research firm Drewry in its latest report. Already heightened geopolitical tensions in the region have resulted in a surge in oil prices, with Brent surpassing the $69 per barrel mark
The Dutch shipping company Roll Group underlines with a recent ship purchase the positive expectations for the market. After the extension of their land activities into Asia in 2019, Roll Group starts 2020 in a similar manner with the addition of another Module Carrier into their fleet
Even as the United States and Iran appear to signal a keenness to avoid further conflict, oil and gas shipowners are bracing to pay a price for the war of words that culminated in rocket strikes in Iraq over the last week - higher insurance bills
Carnival Corporation, the world's largest leisure travel company, said it will launch four new cruise ships in 2020 across four of its global cruise line brands – Iona for P&O Cruises UK, Britain's favorite cruise line
After the order of three hybrid sto/ro ultra large green vessels at Jinling Shipyard back in 2018, Finnlines is pleased to announce that it has recently signed an order for two ro-pax vessels from China Merchants Jinling Shipyard (Weihai), previously known as AVIC Weihai. Today, both shipyards are part of China Merchants Group
The combined target of Hyundai Heavy Industries Co., Hyundai Samho Heavy Industries Co. and Hyundai Mipo Dockyard Co. remains unchanged from last year.
Hyundai Mipo Dockyard said in a regulatory filing that it aims to clinch deals worth $3.65 billion this year
The panamax index fell 54 points, or 5.4%, to 949 points. Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, decreased $494 to $8,537
The Estonian ferry company's passegers figures continue to increase, although the number of passengers vehicles have increased only on the Finland-Sweden routes
Italian state-owned shipbuilder Fincantieri (FCT.MI) won a contract worth approximately $1.3 billion from the U.S. Navy to build four ships for Saudi Arabia
South Korea's top shipyard Hyundai Heavy Industries Group told Yonhap news agency that its two affiliates have clinched two deals worth 340 billion won (262,6 million euros) in total to build six vessel
All six vessels will be capably capable of transporting 174,000 cubic meters of LNG, and will be delivered to the respective owners starting from the second half of 2022
Paris - Swiss headquartered container shipping company MSC said on Friday it was implementing contingency plans to re-route container ships away from French ports when necessary due to strikes in the country
London - The increase in US liquefaction capacity is one of the major factors driving LNG shipping rates, as London research firm Drewry writes in its latest report
Hamburg - The German carrier Zemarine answers to speculation regarding its financial situation
Rio de Janeiro - Brazil federal prosecutors on Wednesday said shipping companies Maersk, Tide Maritime and Ferchem were targets in the latest phase of a wide-ranging corruption probe
Beijing - The Beijing-backed Asian Infrastructure Investment Bank said on Tuesday it was investing $500 million in a liquefied natural gas project in China to help support its efforts to transition to a lower-carbon energy future
London - Shipping associations have proposed creating a research fund with $5 billion raised by the industry to develop technology to help the sector meet U.N. targets on cutting emissions
Seoul - South Korea’s Ministry of Oceans and Fisheries has begun its “Vessel Speed Reduction Program” as an effort to reduce fine dust from ships
Copenaghen - According to Risk Intelligence, it “is affecting all modes of transport across the logistic supply chain.” The Danish company will partner with the Transported Asset Protection Association to enhance the visibility of cargo theft
Brussels - The European Commission has approved under five schemes to support maritime transport in Cyprus, Denmark, Estonia, Poland and Sweden
Hanoi - Maersk has launched its new logistics centre in the Bac Ninh province, in Vietnam, to address the needs of a high-demand North Vietnam market
London - European diesel refining profit margins have tumbled as a slowing global economy has hit fuel demand harder than forecast despite expectations of a boost from new fuel shipping rules
London - Tougher rules on sulphur emissions from ships will come into effect next year in the biggest shake-up for the oil and shipping industries for decades
Rotterdam - The Port of Rotterdam has installed an air quality sensor, an application with real-time readings displays vessel emissions for inspectors when vessels enter or leave the port
Zurich - ABB has secured a 157 million euros contract to supply power, propulsion and digital solutions for Genting Hong Kong’s six ‘Universal Class’ vessels
London - Thomas Miller, the international provider of insurance services, has concluded the purchase of Lodestar Marine Insurance’s book of business
Genoa - The new container terminal, launched today in Vado Ligure and operated by APM Terminals, sets a new standard for port infrastructure in Italy. The facility is unique in terms of services and technology, from the “automated yard” to the “appointment system” for trucks.
Washington targeted three general sales agents of Mahan Air over the role the airline has played in weapons of mass destruction proliferation, U.S. Secretary of State Mike Pompeo told reporters.
Shanghai - Design aims to maximize capacity with aft-mounted membrane fuel tank
Singapore - Saudi Aramco’s shipping arm Bahri has issued an expression of interest (EOI) to charter up to 12 liquefied natural gas tankers from 2025
New York - U.S. transportation infrastructure growth will continue moving more or less in step with levelling off GDP next year, according to Fitch Ratings’ 2020 outlook report
Bergen (Norway) - Short-sea market leader Wilson has signed an agreement to purchase the two bulk carriers Mv Arklow Rover and Mv Arklow Resolve
To further expand and develop its European logistics services, Danish shipping and logistics company DFDS has acquired 100% of the share capital of the Dutch logistics company Huisman
Singapore - The Maritime Port Authority (MPA) of Singapore has revoked the bunker supplier license of Inter-Pacific Petroleum
Lübeck - German shipping company Oldendorff has joined the Getting to Zero Coalition
London - IMO 2020 fuel regulations take effect Jan 1. Logistics rather than fuel supply causing delays.
Genova - “Scarlet Lady”,the first Virgin Voyages’ cruise ship under construction at the Fincantier-Sestri Ponente shipyard, has successfully completed sea trials carried out in recent weeks. This is a fundamental step in the construction of a ship
Athens - Cyprus has petitioned the International Court of Justice (ICJ) in The Hague to safeguard its offshore mineral rights, its president said on Thursday, upping the ante with neighbor Turkey which disputes its claims
Athens - Pirates have kidnapped 19 crew members from a crude oil tanker off Nigeria in an area where acts of piracy are on the rise
Athens - Greek authorities on Wednesday rescued the crew of a Liberia-flagged cargo vessel adrift in the Aegean Sea
Tokyo - Japan is working on a plan to send about 270 seamen to the Middle East to guard ships supplying Japan under a law that allows military deployments for research and intelligence gathering
Paris - Container shipping firm CMA CGM will use the French Mediterranean port of Marseille for refuelling some of its planned gas-powered vessels, backed by a supply partnership with energy group Total
Paris - Taittinger, the famous Champagne house, is looking at whether it can ship bottles overseas before possible tariffs are put in place
Bangkok - Thailand’s shipping association on Tuesday lowered its 2019 export forecast for the fifth time this year, forecasting a drop of between 2.5% and 3.0% due to global trade tensions
Aarhus (Denmark) - Denmark’s Unifeeder, part of the United Arab Emirates’s global port operator DP World, has acquired a 77% stake in The Feedertech Group, a Singapore-based feeder and shortsea operator
London - Underlying vessel operating cost inflation accelerated moderately in 2019 on higher repair & maintenance and insurance spend, says the shipping consultancy Drewry in its latest report
Genoa - According to MediTelegraph sources, the project was delivered last November 22 to the Port Authority of the most important Italian port.
London - The capesize index rose 100 points, or 3.2%, to its highest since mid-Oct at 3,231 points.
London - Pipeline is major boost to ties between Moscow and Beijing. Russia is trying to forge close ties with East.
Copenhagen - Danish international shipping and logistics company DFDS has entered into two mutual space charter agreements with the Luxembourg based freight only ferry operator CLdN Cobelfret
Copenhagen - Maersk has decided to back the Danish startup Onomondo, a global cellular operator for the Internet of Things
Hamburg - The vast majority of ships in the German fleet will run on the new sulphur-reduced fuel from 1 January at the latest
Oslo - MPC Container Ships reported for the 9 month period ended 20 september 2019 a minus 11,435 million dollars loss, but the company foresees attractive opportunities and charter rate recovery potential in a IMO 2020 environment
Copenhagen - A group of world leading shipping companies, ship builders, and the mining company Vale, have teamed up with Denmark based Maritime Development Center to develop an on-board carbon capture and storage solution
Copenaghen - Danish shipping group Maersk MAERSKB.CO said on Thursday it would lay off staff at its main offices in Denmark and in other countries
Genoa - The shiplift is a submersible platform that allows the maxi yacht to be lifted from the water and moved to the ground in the yard with a system of trolleys on rails and completed by 5 workstations.
Antwerp - The Port of Antwerp has signed a collaboration agreement with the Nigerian Ports Authority, which manages the 6 ports of Nigeria
Newport - Associated British Ports (ABP) has invested £2.3 million - 2.7 million euros - in a new energy efficient crane to benefit customers at the Port of Newport
Washington - The Trump administration assured U.S. banks on Wednesday that they can temporarily process U.S. dollar transactions on Chinese shipping companies it had previously sanctioned
Shanghai - China on Tuesday formally established China Shipbuilding Group, which the country’s government-run broadcaster described as the world’s largest shipbuilder
Papendrecht (The Netherlands) - Dutch dredging and heavylift company Royal Boskalis Westminster has acquired the remaining 37.5% in the United Arab Emirates’s Horizon Group
