Pacific Basin Shipping Limited (“Pacific Basin”; SEHK: 2343), one of the world’s leading dry bulk shipping companies, and Smit Lamnalco, a leading provider of international terminal towage and marine services to the oil and gas industry, today announced the sale to Smit Lamnalco of: (a) Pacific Basin’s entire shareholding in PB Towage Australia (“PBTA”) (including […]

Genco Shipping & Trading Limited (OTCBB: GSKNF) announced today that John C. Wobensmith, the Company’s Chief Financial Officer, has been appointed as President effective December 19, 2014. He will succeed Robert Gerald Buchanan, who will retire as of the same date. Mr. Buchanan has served as President of Genco since June 2005. Peter C. Georgiopoulos, […]

Hanjin Shipping has announced today that it is expanding its service network in South Africa by participating in the existing SF1 (South Africa Express 1 Central) and SF2 (South Africa Express 2 South) services. SF1 and SF2 are currently operated by a line of shipping carriers – including Evergreen Line, COSCO, Pacific International Lines, “K” […]

For the first time, all shipping companies calling at EU ports will have to measure and publicly report carbon emissions under a law approved by an overwhelming majority of the European Parliament’s Environment Committee today. Sustainable transport group Transport & Environment (T&E) says that the law is weak – it only monitors fuel consumption instead […]

The port tariffs will rise in the coming three years at half the rate of the inflation percentage, by a maximum of 1% per year. For 2015 this means specifically that the tariffs paid by seagoing ships calling at the port of Rotterdam will be subject to 1% indexation. The Port Authority will also take […]

Registration is available starting today for Cruise Shipping Miami, scheduled March 16-19, 2015. The cruise industry’s premier annual international conference and exhibition draws more than 11,000 attendees and nearly 900 exhibiting companies from over 125 countries. Cruise Shipping Miami offers three levels of participant registration: the premium VIP All-Access Pass includes access to exclusive networking […]

Nordic American Tankers Limited announced today the purchase of 198,624 shares in Nordic American Offshore Ltd. (NAO), increasing the NAT shareholding in NAO from 4,008,764 to 4,207,388 shares or from 17.1% to 18% ownership. The shares were bought in the open market Friday November 28, 2014 at an average price of $12.89 per share. NAO […]