A ship operated by Russian state shipowner Sovcomflot has completed the company’s first east-west voyage through the Northern Sea Route, involving a convoy of icebreakers over 14 days.
The Panama Canal Authority (ACP) has announced another delay of three months for the completion of the canal's expansion, pushing back the start of commercial transits to the fourth quarter of 2015.
Maersk Tankers has appointed Morten Engelstoft as its new ceo from January 2014 onward, after outgoing Hanne Sørensen’s appointment as Damco ceo.
For the Philippines crewing industry it is a time of waiting after the European Maritime Safety Agency (EMSA) wrapped up its second audit this year of the country’s maritime training institutions for compliance with STCW.
Marine fuels supplier Brightoil Petroleum has inked another facility agreement with China Development Bank Corporation Hong Kong Branch for a 10-year term loan of $50m.
Ireland headquartered Ardmore Shipping Corporation has acquired a 45,726dwt product tanker for $20.5m.
Viking Supply Ships has entered into a $120m contract for the charter of four Anchor Handling Tugs to “a major oil company”.
P&I insurers Steamship Mutual are lining up a 10% premium increase for the 2014 policy year, following a 7.5% premium increase announcement by North P&I Club.