SRTS News

Hamburg port operator Hamburger Hafen und Logistik has put a stop to the Chinese Belt and Road Initiative expansion in the port of Trieste with the purchase of a majority stake of the newly built Piattaforma Logistica di Trieste container and multipurpose terminal. The local port authority announced that ... read more

Pangaea Logistics Solutions has announced that it has acquired an additional one third equity interest in Nordic Bulk Holding (NBHC), increasing its shareholding in NBHC to 66.7%.  NBHC currently owns six panamax bulk vessels which are time chartered to and operated by Pangaea’s wholly-owned subsidiary, Nordic Bulk Carriers. The purchase ... read more

A crewmember onboard the 14,000 teu containership could face the death penalty in the US, having been arrested and charged with a federal offence stemming from the fatal stabbing of a fellow crewmember while on a transpacific voyage to Los Angeles. Michael Monegro, 41, a resident of the Philippines, ... read more

The Indian Coast Guard spent the best part of 16 hours dousing a blaze from a containership, the latest in a long string of fires on boxships that have likely originated from misdeclared or poorly packed cargoes. The coast guard was alerted to the fire that had broken out ... read more

The Nomikos Transworld Maritime-controlled bulk carrier has departed the Philippines three months after it collided with a fishing vessel resulting in the loss of 14 lives. The ship had been detained at the port of Batanagas since the end of June. It is now bound for Shanghai after the ... read more

Norway’s Aker Solutions has been awarded a contract by Equinor for the delivery of a subsea production system for the Breidablikk development in the North Sea. The contract value is around NOK2.5bn ($26.4m), and covers the delivery of four subsea templates and up to 23 subsea trees and associated ... read more

The major creditors of financially troubled Hanjin Heavy Industries & Construction will put the shipbuilding group up for sale next month. Hanjin Heavy announced on Monday that its main creditor, Korea Development Bank (KDB), has invited interested parties to submit letters of intent to join in preliminary bidding by October ... read more

CMA CGM has confirmed it has become the latest liner to suffer a cyber attack today. The company stated today that it is currently dealing with a cyber attack impacting peripheral servers. A number of the group’s websites have been down for large parts of Monday. “As soon as ... read more

Oslo-listed Greek owner Okeanis Eco Tankers (OET) has entered into a time charter contract with an unnamed national energy company for one of its VLCC vessels. Either the Nissos Donoussa or Nissos Kythnos will commence a one-year contract from November, at a gross daily rate of $34,000 per day. ... read more

CMA CGM has become the latest global carrier to be hit hard by IT issues with clients waking up this morning to find many of the brand’s global sites down. In a note sent to clients in Australia, seen by Splash, CMA CGM and its local subsidiary ANL said ... read more

Back when he was the managing director of the Hong Kong Shipowners Association, Arthur Bowring played an important role in the creation of the Maritime Labour Convention – the so-called seadfarers’ bill of rights. With the International Labour Organisation set to start sifting through proposed amendments to the convention, ... read more

The burnt VLCC will discharge its cargo at an offshore oil terminal at Kandla Port Trust rather than its intended destination of Paradip. The fully laden Panamanian flagged ship, owned by Adam Polemis’s New Shipping, suffered a severe fire earlier this month off Sri Lanka when a boiler exploded ... read more

Greek dry bulker owner Globus Maritime is looking to add to its fleet after raising significant capital via offerings and private placements. The company said it currently has enough cash and debt financing support to be able to acquire additional vessels, however the company has not yet managed to ... read more

Nanjing Tanker, a tanker unit of China Merchants Group, has placed an order at China Merchants Jinling Dingheng Shipyard for the construction of a 5,500 cu m LPG carrier. The vessel will be operated by Nanjing Tanker’s subsidiary, Shenzhen Huanan Liquefied Gas Shipping, after delivery in 2022. Shenzhen Huanan ... read more

Malaysian offshore service provider Bumi Armada has secured two contracts from India’s state-owned oil company ONGC for works to support the Armada Sterling FPSO in Mumbai. One contract is for a bareboat charter charter with an estimated value of $370m and the other is for operation and maintenance services and ... read more

Signing a joint venture letter of intent today, Wilhelmsen’s marine products division and German industrial conglomerate thyssenkrupp said they are aiming to re-examine and optimise the production and delivery process of 3D printed spare parts for the unique demands of the maritime market. The two are now expected to ... read more

Abu Dhabi Ports has acquired MICCO Logistics as part of ongoing efforts to enhance its status as an international hub for trade and logistics. According to Abu Dhabi Ports, MICCO’s international and regional logistics solutions, its large and diversified transportation fleet, and a network of temperature-controlled warehouses, in combination ... read more

Qatar maritime and logistics firm Milaha has signed a formal cooperation agreement with US oilfield services firm Schlumberger. The agreement is designed to support value building projects and will drive Tawteen initiatives, which aim to localise the energy sector’s supply chain and create local investment opportunities. The Tawteen program ... read more

Shipping’s most acute logistical challenge of the past 50 years – the crew change crisis brought about by Covid-19 travel restrictions – could soon affect 1m seafarers, Guy Platten the secretary general of the International Chamber of Shipping (ICS) warned at a United Nations-convened event yesterday. Governments are consigning ... read more

Multinational commodity trading company Trafigura has detailed its own ideas of how a carbon levy might work for the shipping industry in a submission to the International Maritime Organization (IMO) ahead of the UN body’s Marine Environment Protection Committee (MEPC) virtual summit rescheduled for November. Writing in the Financial ... read more