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The Panama Canal commemorated the one-year anniversary of the inauguration of its Expanded Canal, one of the most significant milestones in the history of the 102-year old waterway and a defining moment for the people of Panama and the global maritime industry.
Cargotec Corporation entered into an EUR 300 million multicurrency revolving credit facility with a syndicate of its six relationship banks on 26th June. The facility carries a tenor of five years including two one-year extension options. The…
Yonhap reported that China's imports of shipbuilding parts and equipment produced by South Korean firms surged this year. The report quoted Korea Trade-Investment Promotion Agency (KOTRA) saying that China's imports of South Korean shipbuilding…
Aegean Marine Petroleum Network has announced the launch of a new service center in Savannah, Georgia, the third largest container port in the United States. The operations in Savannah will be managed by the existing Aegean U.S. team. Under the terms of the agreement with Colonial Terminals…
Mitsui O.S.K. Lines (MOL) said that two MOL-operated and managed vessels - the wood chip carrier WORLD SWAN II and the containership MOL MAGNIFICENSE - were among seven selected to receive the 2016 "Best Quality Ships Award" from the Japan Federation of Pilots' Associations (JFPA).
Many key drivers for dry cargo demand have reported a significant uptick in 2017, resulting in improving conditions for all vessels in the multipurpose shipping sector, according to the latest Multipurpose Shipping Market Review and Forecast report published by global shipping consultancy Drewry.
Iridium has successfully launched 10 of its Iridium NEXT satellites US aboard a SpaceX rocket launched from Vandenberg Air Force Base, California. This payload of 10 satellites was deployed into low-Earth orbit, approximately one hour after a SpaceX Falcon 9 rocket lifted off from Vandenberg…
Seattle-based naval architecture and marine engineering consultancy Glosten said it has completed the design of a new passenger-only hybrid ferry for Kitsap Transit, a public transportation agency based in Bremerton, Wash. The new hybrid electric 150-passenger ferry will be the first in Puget Sound…
A U.S. warship struck by a container vessel in Japanese waters failed to respond to warning signals or take evasive action before a collision that killed seven of its crew, according to a report of the incident by the Philippine cargo ship's captain. Multiple U.S.
Ron A. Davis has joined Huntington Ingalls Industries (HII) as chief information systems officer (CISO). In this new role, he will lead the company’s cyber security program with responsibility for ensuring the early identification of threats…