S&P Boosts Panama Canal’s Outlook to Positive

Posted

Two years after the inauguration of the Expanded Panama Canal, Standard & Poor’s (S&P) Global Ratings revised its outlook on the Panama Canal from stable to positive – demonstrating the global impact of the historic waterway. The rating agency also affirmed its A- rating for the Panama Canal, ranking the ACP two notches above that […]

Japan to Launch First LNG Bunkering Vessel in 2020

Posted

Central LNG Shipping Japan Corporation (CLS) placed an order a 3,500 m3 LNG bunkering vessel (LBV) on July 6, the first to be operated in Japan. The joint venture company, established by Kawasaki Kisen Kaisha, Chubu Electric Power, Toyota Tsusho Corporation, and Nippon Yusen Kabushiki Kaisha, ordered the new vessel from Japanese shipbuilder Kawasaki Heavy Industries. […]

HHLA Takes Full Control Of TK, Estonia’s Largest Terminal Operator

Posted

Hamburger Hafen und Logistik AG (HHLA) finally assumed full responsibility for Estonia’s largest terminal operator, Transiidikeskuse AS (TK). The last conditions that the sales contract dated 26 March 2018 was subject to were recently fulfilled, resulting in all shares in Transiidikeskuse AS being transferred to HHLA International GmbH. As a result, the transaction has now […]

Expanded Panama Canal Commemorates Two Year Anniversary

Posted

The Panama Canal marked the two-year anniversary of the inauguration of its Canal Expansion, the largest enhancement project in the waterway’s 103-year history. To date, the Canal has transited 3,745 Neopanamax vessels, traffic that confirms the route’s efficiency and the maritime industry’s confidence in the Expanded Canal. “Two years ago, we pledged to usher in […]

Greek Shipowners Set To Verify Their BWTS With Onboard Test Kit

Posted

Piraeus-based engineering and manufacturing firm Maritech Ltd has signed a sales and distribution agreement with French water microbiology company aqua-tools to meet “significant interest” in onboard ballast water testing from Greek shipowners. The agreement, which covers the training and supply of aqua-tools’ B-QUA test kit, was inked during the Posidonia 2018 event, in early June. […]

CMA CGM to Acquire European Shortsea Specialist Containerships

Posted Leave a comment

French shipping group CMA CGM has signed to acquire Finland’s Containerships from Container Finance Ltd Oy. Containerships specializes in the intra-European shortsea shipping and logistics market. Container Finance’s holdings in Multi-Link Terminals Ltd and CD Holding Oy are also included in the deal and will become part of CMA CGM Group. Containerships has a fleet […]