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Breaking news: HSH Nordbank sends Rickmers into bankruptcy

The Management Board of HSH Nordbank AG has surprisingly refused to approve the financial restructuring of the Rickmers Group – now the insolvency application follows. To date, the Rickmers Group had worked out all agreed and necessary steps to prepare the restructuring, according to the Hamburg-based company. The Executive Board of HSH Nordbank AG had […]

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Pacific Basin Sells Harbour Towage Business to Smit Lamnalco

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 […]

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Genco Shipping & Trading Limited Announces Executive Management Appointments

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, […]

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Hanjin Shipping to Expand Service Network in South Africa

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” […]

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Port tariffs Rotterdam focus on growth and further market recovery

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 […]

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Registration Is Open for 31st Annual Cruise Shipping Miami, Scheduled March 16-19, 2015

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 […]

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A very important aspect of passenger shipping is safety

When choosing their summer holidays, many European opt for a cruise, or use a ferry to get where they are going. A very important aspect of passenger shipping is safety. Thanks to EU-funded research, evacuating large passenger ships could be even smoother and safer in future. EU-funded researchers are also helping to design more stable […]

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