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
Gdansk - The port of Gdansk has launched the first permanent railway connection of the Euro China Train
Copenaghen - Two weeks after the departure of Soren Toft, its former chief operating officers, Maersk loses its chief financial officer, Carolina Dybeck Happe
Genoa - “We are restoring the access road to the Vado terminal, while the Maersk port platform has not suffered damage, the collapse is part of the damage caused by the storm”, the president of the Liguria Region, Giovanni Toti, said.
Beijing - Chinese authorities have unveiled a guideline to further develop intelligent shipping as a new business model, writes Xinhua, the official state-run press agency of the People’s Republic of China
Hamburg - The Elbe deepening project that will dig the way for fully-loaded mega-ships to access the Port of Hamburg goes on with the building of two new underwater storage areas
Tokyo - The NYK Group makes a step towards autonomous ships. The shipping group has concluded a joint research agreement for developing advanced condition-based maintenance
Antwerp - Seven major players have joined forces in Belgium to reduce CO2 emissions in Belgium by 80% by 2050 compared to 2005 levels
Livorno - Eight months after the fire that led to the sinking of the “Grande America”, flames break out again on a Ro-Ro cargo ship from the same Italian shipowner. This time, the fire has been extinguished.
Houston - Shortages of low-sulfur fuel oil could appear at some ports in Africa, South America and Southeast Asia next year, but most major ports around the world will have adequate supplies
Los Angeles - The Ports of Los Angeles and Copenhagen Malmö Port have entered into a five-year memorandum of understanding to collaborate on sustainability and environmental issues
Hamburg - For Germany’s largest port, seaborne cargo handling in the first nine months of 2019 proved highly “satisfactory”
Xiamen (China) - The Volkswagen Group has held the naming ceremony for two ships that will sail with LNG
Marseille - CMA CGM has established the headquarters of its newly acquired CEVA Logistics Swiss subsidiary
Helsinki - Kalmar, part of the Finnish company Cargotec, is to supply leading Turkish equipment rental company Maktas with a total of six Kalmar Eco Reachstackers
London - Shell Marine, Royal Dutch Shell shipping division, has extended its relationship with China COSCO Shipping Company Limited businesses
Alberto Musso, CEO of Tarros Group: “It has been an amazing journey that will for sure gain its place in the history of Italian Sailing. We are proud we have sailed with Ambrogio and contributed to make this dream come true.
Singapore - China’s Sinopec Corp plans to build a fleet of 100 barges over the next three years to supply marine fuel, which would be one of the top Asian refiner’s biggest shipping investments.
London - The IMO has agreed a goal based approach to help cut emissions, but there’s still a lot to be done, says the UK Chamber of Shipping
Singapore - The technology group Wärtsilä and Singapore-based PSA Marine have agreed to collaborate in the co-creation of smart technologies for the marine sector
Seoul - Daewoo Shipbuilding & Marine Engineering Co., a major South Korean shipbuilder, reported a third-quarter net loss of 296.4 billion won (230 million euros)
Luxembourg - The European Investment Bank has agreed to provide 140 million euros to support expansion and upgrading of the Port of Piraeus