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US CBP Intercepts USD 17 Mn Drug Shipment

The US Customs and Border Protection (CBP) Air and Marine Operations (AMO) have seized over three tons of drugs from a panga-style vessel. In late March 2019, agents patrolling in a P-3 discovered the suspect vessel that was located in international waters off the coast of Central America. A US Coast Guard law enforcement team [...]

By | 2019-04-02T07:09:08+00:00 April 2nd, 2019|News|0 Comments

Navios Acquisition Disposes of Its Oldest Vessel

Navios Maritime Acquisition, an owner and operator of tanker vessels, has sold the oldest vessel in its fleet, the C. Dream. As informed, the very large crude carrier has been sold for USD 21.75 million. Although Navios Acquisition has not identified the buyer of the 323,967 cbm vessel, VesselsValue’s data shows that the company in [...]

By | 2019-04-02T07:06:48+00:00 April 2nd, 2019|News|0 Comments

Strong Chinese Oil Imports Could Offer Boost to the Tanker Market

After a dismal 2018, tanker owners could harbor further hope for a freight rate market revival, as China’s thirst for crude oil imports is stronger than ever. In its latest weekly report, shipbroker Banchero Costa said that “as recorded at the end of 2018, China’s crude oil imports still exceed previous year’s levels. In February [...]

By | 2019-04-02T07:04:02+00:00 April 2nd, 2019|News|0 Comments

Bio-Sea Technology Optimised For Reduced Holding Time In All Waters

BIO-UV Group has completed successfully the testing of an enhanced BIO-SEA ballast water treatment system designed to reduce further the time in which treated water has to be held onboard prior to discharge overboard. Holding time is the minimum period between the uptake and discharge of ballast water to ensure it has been properly treated. [...]

By | 2019-04-02T07:00:13+00:00 April 2nd, 2019|News|0 Comments

Green revolution for the world’s shipping fleet comes not a moment too soon

Out of sight, out of mind, out on the open oceans, the world’s shipping fleet is bracing for an environmental revolution. It all comes down to “IMO 2020”. While most of the global warming militancy has quite reasonably been vented on cars, planes, coal and power plants, the tawdry truth about pollution in the shipping [...]

By | 2019-04-02T06:57:42+00:00 April 2nd, 2019|News|0 Comments

Algoma Central Corporation Announces Delivery of the Product Tanker Algoterra

Algoma Tankers Limited (“ATL”), an operating unit of Algoma Central Corporation, a leading provider of marine transportation services, today announced that it has taken delivery of the 16,500 DWT Algoterra, a 2010-built product tanker in Amsterdam, Netherlands and the vessel has begun her delivery voyage to Canada. The vessel departed Amsterdam on March 30, 2019 [...]

By | 2019-04-02T06:55:51+00:00 April 2nd, 2019|News|0 Comments

U-Freight strengthens partnership with Easyship to target global e-commerce market

Hong Kong, April 1, 2019, the U-Freight Group (UFL) is further strengthening its relationship with Easyship, the leading global cloud-based shipping software and technology platform that enables e-commerce merchants to ship their products worldwide. With the increasing demand for cross-border e-commerce, Easyship and U-Freight have strengthened their partnership, extending access to the company’s E-commerce Fulfilment [...]

By | 2019-04-02T06:53:31+00:00 April 2nd, 2019|News|0 Comments

Scorpio Bulkers Inc. Announces Agreements To Increase Existing Credit Facilities By $41 Million To Finance Exhaust Gas Cleaning Systems

Scorpio Bulkers Inc. announced yesterday that the Company has reached agreements with certain lenders to increase certain existing credit facilities by a total of $41 million to finance the installation of exhaust gas cleaning systems (“scrubbers”) on certain of its vessels. The additional amounts will be drawn upon the installation of the scrubbers on the [...]

By | 2019-04-02T06:51:21+00:00 April 2nd, 2019|News|0 Comments

Message from President and CEO on MOL Foundation Day Aiming to make the MOL Group a collection of businesses that have a clear advantage and boast the highest competitiveness

On the occasion of Mitsui O.S.K. Lines’ 135th anniversary, we are pleased to bring you a message from our President & CEO, Junichiro Ikeda. All MOL Group members, as you know, today we begin Fiscal Year 2019 and mark the 135th anniversary of our founding. For the last fiscal year, ordinary profit is expected to [...]

By | 2019-04-02T06:48:41+00:00 April 2nd, 2019|News|0 Comments

Port of Corpus Christi Okays 50-Year Lease Deal with Carlyle JV

The Port of Corpus Christi Commission has approved a long-term lease agreement with Lone Star Ports, a joint venture between the Carlyle Group and the Berry Group, for approximately 200 acres on Harbor Island to develop a petroleum export terminal. As informed, Lone Star Ports’ facility on Harbor Island is designed to be the deepest-draft [...]

By | 2019-04-01T06:52:46+00:00 April 1st, 2019|News|0 Comments

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