CMA CGM to launch its Med Pendulum Service (MPS)

CMA CGM to launch its Med Pendulum Service (MPS)

CMA CGM Short Sea Lines Med announced yesterday the deployment of a new Intra Med service in which CMA CGM will operate 1 vessel. This new service called Med Pendulum Service (MPS) will have the following …
Jan 23, 2019 /  Curious
Eagle Bulk Shipping Inc. Receives Commitment for a New Credit Facility Totaling USD 208 Million

Eagle Bulk Shipping Inc. Receives Commitment for a New Credit Facility Totaling USD 208 Million

Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (Eagle) announced today that Eagle Bulk Ultraco LLC, a wholly-owned subsidiary of the Company, has received a loan commitment from a consortium of banks for a new five year senior …
Jan 22, 2019 /  Finance
GC Rieber Shipping signs ship management contract with Statnett Transport

GC Rieber Shipping signs ship management contract with Statnett Transport

GC Rieber Shipping has entered into a ship management contract with Statnett Transport AS (Statnett) for technical management of Statnett's ro-ro vessels Elektron and Elektron II. Caption: Ro-Ro cargo ship …
Jan 22, 2019 /  Vessels
Yang Ming Provides New China-Malaysia Direct Service

Yang Ming Provides New China-Malaysia Direct Service

Yang Ming Marine Transport Corp. (YM) has announced the launch of CMS service (China-Malaysia Service) with effect on February 23rd, 2019 (Estimated Time of Berth from Qingdao). Caption: Containership YM …
Jan 22, 2019 /  Curious
Teekay welcomes Sean Spirit Into Teekay ‘Legacy Class’

Teekay welcomes Sean Spirit Into Teekay ‘Legacy Class’

In October 2018, Teekay had a combined naming ceremony for two LNG Carriers, Sean Spirit and Yamal Spirit, at Hyundai Samho Heavy Industry in Korea. Teekay already has the Torben Spirit, named after Company's founder …
Jan 22, 2019 /  Vessels
China Navigation to acquire the bulk shipping activities of Hamburg Süd

China Navigation to acquire the bulk shipping activities of Hamburg Süd

Both companies have reached an agreement for CNCo to acquire RAO, Furness Withy Chartering and the bulk activities in Alianca Navegacão Hamburg Süd and The China Navigation Company (CNCo), a subsidiary of …
Jan 21, 2019 /  Curious
Ocean Alliance: The world’s largest operational agreement between shipping companies is extended until 2027

Ocean Alliance: The world’s largest operational agreement between shipping companies is extended until 2027

The CMA CGM Group, a worldwide leading shipping group, announced on Friday (Jan18) that Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, signed the extension of the Ocean Alliance …
Jan 21, 2019 /  Vessels
Maiden call for Ever Gifted at Hutchison Ports ECT Rotterdam

Maiden call for Ever Gifted at Hutchison Ports ECT Rotterdam

Hutchison Ports ECT Rotterdam (ECT) welcomes the EVER Gifted from container shipping line Evergreen on her maiden call. The vessel, with a capacity of around 20,000 TEU, makes its first roundtrip from Asia. Rotterdam is …
Jan 21, 2019 /  Vessels
Daewoo Shipbuilding, Hyundai Heavy win string of crude carrier orders

Daewoo Shipbuilding, Hyundai Heavy win string of crude carrier orders

South Korea’s major shipbuilders have started the year on a buoyant note, winning new orders at a strong clip. Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Friday it has bagged a 210 billion won …
Jan 18, 2019 /  Curious
COSCO SHIPPING Ports Signs Official Agreement with PSA Add Two Berths at COSCO-PSA Terminal Strengthening Presence in S.E. Asia

COSCO SHIPPING Ports Signs Official Agreement with PSA Add Two Berths at COSCO-PSA Terminal Strengthening Presence in S.E. Asia

COSCO SHIPPING Ports Limited (COSCO SHIPPING Ports, CSP, HKEX stock code:1199 ) a leading ports operator in the world, yesterday announced that the Company has signed official agreement with PSA Corporation Limited (PSA) …
Jan 18, 2019 /  Curious