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Pirates Board Maersk Newbury in Ecuador Waters

Singapore-flagged containership Maersk Newbury was boarded by pirates while transiting under pilot at Guayaquil River in Ecuador on October 2, 2018. The master alerted the local authorities when he sighted the presence of unauthorized persons on board, Asian piracy watchdog ReCAAP ICC informed. One of the crew members was assaulted by the robbers and sustained [...]

By | October 10th, 2018|News|0 Comments

Shipowners Stock Up on Dry Bulk Carriers

Newbuilding and used bulkers are the main trend in the shipping market these days. In its latest weekly report, shipbroker Allied Shipbroking said that “the Newbuilding market has started to build up a positive momentum week by week, with a robust flow of deals coming to light again this past week. The dry bulk sector [...]

By | October 10th, 2018|News|0 Comments

NPA to sanction shipping lines for arbitrary charges

The management of Nigerian Ports Authority (‘NPA), has vowed to sanction CMA CGM and any other international shipping line that may introduce arbitrary charges at ports. Importers and officials of NPA who spoke with The Nation yesterday, condemned the $400 congestion surcharge the CMA CGM international shipping line slammed on every container coming to the [...]

By | October 10th, 2018|News|0 Comments

Overweight Surcharge on Asia and India to Africa trades

In a continued effort to provide our customers with reliable and efficient service, CMA CGM wishes to inform of the following Overweight Surcharge (OWS) Effective October 22nd, 2018 (B/L date): -From Southeast Asia and India East Coast -For cargo bound and in transit to Western Africa: Angola, Benin, Cameroon, Congo, Democratic Republic of Congo, Equatorial [...]

By | October 10th, 2018|News|0 Comments

Iranian tanker discharges oil into storage in China ahead of U.S. Sanctions

A vessel carrying 2 million barrels of Iranian oil discharged the crude into a bonded storage tank at the port of Dalian in northeast China on Monday, according to Refinitiv Eikon data and a shipping agent with knowledge of the matter. Iran, the third-largest producer in the Organization of Petroleum Exporting Countries (OPEC), is finding [...]

By | October 10th, 2018|News|0 Comments

VLSFO to be main marine fuel choice as IMO 2020 looms: Cockett Group CEO

Very low sulfur fuel oil is set to be the chief marine fuel choice as the International Maritime Organization’s global sulfur limit rule for marine fuels inches closer, Cockett Group CEO Cem Saral told S&P Global Platts in an interview last week. “Until recently, marine fuel industry had limited access and clarity on the quality [...]

By | October 10th, 2018|News|0 Comments

Maersk Container Industry secures historically large reefer order from Hapag-Lloyd

Hamburg-based global container line Hapag-Lloyd has recently announced new reefer bookings of 11,100 units and awarded Maersk Container Industry (MCI) a huge order totalling 8,600 units, of which 2,000 will be Controlled Atmosphere (CA) reefers. The company has already commenced production of the 8,600 Star Cool Integrated™ reefers at their Qingdao site in China. Committed [...]

By | October 10th, 2018|News|0 Comments

TEN Ltd. Declares Dividend on its Series B, Series C and Series F Cumulative Redeemable Perpetual Preferred Shares

TEN Ltd., a leading diversified crude, product and LNG tanker operator, announced that its Board of Directors declared the regular quarterly cash dividend of $0.50 per share for its Series B Cumulative Redeemable Perpetual Preferred Shares (the “Series B Preferred Shares”; NYSE; TNPPRB), approximately $0.5547 per share for its Series C Cumulative Redeemable Perpetual Preferred [...]

By | October 10th, 2018|News|0 Comments

Trans-Pacific Market: APL Eagle GO. Guaranteed – now extended to all loadings from origin ports in Asia and the Middle East to U.S. and Canada

When it comes to your time-sensitive shipment, you want to have control of your cargo movement as much as possible. Introducing APL’s newly expanded Eagle GO. Guaranteed service – in addition to direct loading ports on Trans-Pacific services, now extended to include non-direct loading ports in Asia and Middle East to U.S. and Canada. Eagle [...]

By | October 10th, 2018|News|0 Comments

Top BBC TV Journalist to host TMS Awards

This year’s The Maritime Standard Awards will have top BBC TV journalist Tim Willcox as Master of Ceremonies. The Awards, which take place at Atlantis The Palm, Dubai on Monday October 15th, are one of the most prestigious and glittering occasions in the global maritime industry calendar. Trevor Pereira, managing director of TMS, says, “We are very fortunate to [...]

By | October 9th, 2018|News|0 Comments