The European Union plans to give authorities sweeping powers to tackle ailing derivatives clearinghouses to prevent their failure from wreaking havoc throughout the financial system. Draft EU legislation seen by...
The services sector in Japan continued to contract in September, at a faster pace, the latest survey from Nikkei showed on Wednesday with a PMI score of 48.2. That’s down...
Finnish shipping company Meriaura has taken delivery of M/S Eeva VG, the first of two VG EcoCoaster general cargo vessels ordered from Dutch shipbuilder Royal Bodewes. The 5,000-ton vessel arrived...
The NGO Shipbreaking Platform has called on the European Commission, the European Parliament and Member States to support the introduction of a financial incentive that will enhance safe and environmentally sound...
The world’s national shipowner associations represented by the International Chamber of Shipping (ICS) have urged the International Maritime Organization (IMO) to develop a timeline for the further reduction of the...
Taiwanese container carrier Evergreen Line has partnered up with China’s shipping firm COSCO in operating a joint Adriatic – Israel (AIS) Service. The parties said that the new initiative opens up...
Japanese shipping company Nippon Yusen Kaisha (NYK Line) took delivery of a new coal carrier, Noshiro Maru, from its compatriot shipbuilder Oshima Shipbuilding on September 30, 2016. The delivery and...
Antwerp-based tanker owner and operator Euronav NV has ordered two high specification Ice Class Suezmax vessels from Hyundai Heavy Industries shipyard in South Korea. The 158,600 dwt tankers were ordered for a...
Port developer and operator Abu Dhabi Ports has launched its digital Vessel Management System which enables automation of all vessel management processes and services through the Port Community System, Maqta Gateway. ...
Ship owners have shied away from placing many newbuilding orders over the course of 2016 and this has been the norm for the past few weeks as well. As such,...
In our mid-summer report we had highlighted the port sector’s valuations reflecting changing fundamentals to an era of slower growth. Most of the operators underperformed the global MSCI World Index...
The new ADMIRALTY Passage Planner (APP) helps bridge officers to create compliant passage plans, with clearance and ETA calculations that can be dynamically updated with minimum user effort during the...