Project Forward an ambitious scheme to build the world¹s first truly deepsea, LNG-powered ships - has signed a letter of intent (LOI) to build up to 20 such dry bulk vessels at Jiangsu Yangzijiang Shipbuilding.
The Panama Canal has signed a Memorandum of Understanding (MoU) in Cuiaba, Brazil, to promote the east-west-route through the Panama Canal for grain shipments traveling from northern Brazil to the ports on the Pacific coast.
Defying difficult market conditions traffic in the world's busiest shipping lane, the Malacca Straits, continued to grow over the last three years hitting an all time high of 84,456 transits in 2017.
Intercargo has expressed deep concern over the latest piracy attack off Nigeria in which 10 seafarers were kidnapped from a bulk carrier on 14 December.
The commitment of CMA CGM to build nine 22,000 teu LNG-powered new vessels will “open the path” for faster adoption of the cleaner burning fuel, said Bureau Veritas (BV) senior vp Claude Maillot on the sidelines of a joint ceremony to mark the partnership with CMA CGM at Marintec China.
Renewal of the Greek fleet continues at pace as cash rich owners continue to build ships and buy ships.
In its fiscal year 2017, ended 30 September 30 2017, the Panama Canal Authority (ACP) set record cargo tonnage of 403.8m Panama Canal tonnes (PC/UMS), the highest cargo tonnage ever transited in its 103-year history.
Cosco (Dalian) and Cosco (Zhoushan) Shipyards for two multi-purpose vessels and four bulkers respectively plus options.