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Diana Shipping Signs TC Contract for m/v Artemis with Ausca

Image: Diana Shipping Inc

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Artemis.The global shipping company specializing in the ownership of dry bulk vessels said in

ATCO Buys 40% Stake in South American Port

Neltume Ports, a subsidiary of Ultramar, operates in 16 port facilities and three stevedoring businesses primarily located in Chile and Uruguay. Photo: ATCO Ltd.

Calgary-based natural gas, electrical and real estate giant ATCO is getting into the transportation business after buying a 40-per-cent stake in a South American port operator Neltume Ports for about CAD$450 million (USD$340 million).Neltume Ports, a subsidiary of Ultramar, operates in 16 port facilities

Marine Low Sulphur Fuel: Organizing the Switch

John LaRese.jpg

The International Maritime Organization’s (IMO) decision to implement a 0.50 percent cap on sulphur emissions has created uncertainty among vessel operators. Questions are already being asked about how to comply with the changing emissions target, what types of fuels will be available and where. However,

Novatek Signs Pact for Kamchatka LNG Transshipment Complex

Photo: Novatek

Russia’s natural gas producer Novatek has signed an agreement of intent on implementing a project for the construction of a marine liquefied natural gas (LNG) transshipment complex in the territory of Kamchatka.PAO Novatek, the Ministry of the Russian Federation for the Development of the Far East and

DP World Says to Pursue All Legal Means in Djibouti Dispute

DP World said on Tuesday it would continue to pursue all legal means in its dispute with the government of Djibouti which seized a port terminal operated by the company earlier this year.Djibouti this week nationalized shares held by the Port of Djibouti in the Doreleh Container Terminal, a joint venture

Qatargas, PetroChina Sign 22-Years LNG Supply Deal

Photo: Qatargas

Qatargas, the world’s largest LNG producer,  has announced a long-term Sale and Purchase Agreement (SPA) with PetroChina International Company Limited, a unit of PetroChina Company Limited (PetroChina), to supply China with around 3.4 million tonnes of liquefied natural gas (LNG) per annum.Under the 22-year SPA,

Kansas Man Charged for Cruise Ship Murder

Carnival Elation (File photo: Carnival)

A man from Topeka, Kan. has been arrested for allegedly murdering his girlfriend on board a cruise ship in January 2018, prosecutors said.The indictment alleges that 53-year-old Eric Newman killed Tamara Tucker, 50, of Lawson, Mo. while on board the Panama-flagged Carnival Elation on January 19 during

Djibouti Nationalizes Stake in Doraleh Container Terminal

© homocosmicos / Adobe Stock

Djibouti has nationalized the two-thirds stake in its Doraleh Container Terminal held by the Port of Djibouti, the government said in a statement, the latest twist in a dispute with Dubai's government-controlled DP World dating back six years.In February, Djibouti ended a contract with DP World, one of the world's biggest port operators,

US Navy Seizes Thousands of AK-47s in the Gulf of Aden

A visit, board, search and seizure team from the USS Jason Dunham (DDG 109) inspects a skiff found to be carrying a shipment of over 1,000 illicit weapons. (U.S. Navy photo by Matt Bodenner)

More than 2,500 AK-47 automatic rifles were seized from a stateless skiff in the international waters of the Gulf of Aden at the end of August.U.S. Navy sailors aboard the guided-missile destroyer USS Jason Dunham (DDG 109) discovered the illicit weapons shipment during counter-trafficking mission on August 28.

MOL Worldwide Logistics Establishes Hong Kong HQ for MOL NVOCC Operations

Image: MOL

Mitsui O.S.K. Lines (MOL) announced the establishment, effective July 1, of MOL Worldwide Logistics (MWL), and that they will lead MOL Group non vessel operating common carrier (NVOCC) business in Hong Kong.In a press release the company clarified that Non Vessel Operating Common Carrier (NVOCC) does not have own transport means (vessels),

SBM Offshore to Pay Additional Fines to Petrobras

(File photo: SBM Offshore)

SBM Offshore has reached a settlement to pay additional leniency fines of 200 million reais ($48.27 million) to Brazil's state oil company Petroleo Brasileiro SA, Brazilian prosecutors said on Wednesday.As a result of a long-running corruption investigation, the Dutch marine engineering group SBM has agreed to pay a total of 1.

ICS-UN Negotiation on Future Ocean Governance

Image: United Nations

International Chamber of Shipping (ICS) is representing shipowners at the start of a major negotiation to agree a new legal instrument for the protection of the ocean under the UN Convention on the Law of the Sea (UNCLOS) – which will apply to ‘high seas’ areas ‘beyond national jurisdiction’.Addressing

China Tops Leading Maritime Nations of the World: Menon Economics

Image: Menon Economics

The 2018 report on the “Leading Maritime Nations of the World” ranks China as the world’s leading maritime nation, placed among the top four on all the maritime pillars in the ranking. China’s position is particularly strong in shipping and ports & logistics.The study conducted by Menon Economics benchmarks

Lloyd’s Register Class Regime Goes Digital

Image: Lloyd’s Register

Lloyd’s Register (LR), the world’s first classification society, pioneers the transformation of the class regime for the digital age with announcement of the first ever digital assurance framework: ‘Digital Compliance’A press release from LR said that it has developed the first ever data-driven compliance

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