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Pacific Basin Ups Funding Flexibility with USD 115 Mn Loan

Hong Kong-based dry bulk shipping company Pacific Basin Shipping Limited has closed a new USD 115 million secured revolving credit facility.
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Shipowners from Around the World Can Now Join UK Flag

The UK Ship Register (UKSR) has decided to expand its ownership eligibility, allowing more shipping companies from around the world to flag to the UK.

Yantian Express Finally Leaves Freeport, to Arrive in Halifax Today

Fire-stricken containership Yantian Express finally sailed from Freeport, the Bahamas, on May 15, 2019, German shipping company Hapag-Lloyd said.
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Baltic Exchange Council Elects New Chairman

Maritime industry information provider Baltic Exchange Council has elected Braemar Tankers-founding partner Denis Petropoulos as its new chairman.
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Five more lines join Digital Container Shipping Association

Momentum for standardisation builds as CMA CGM, Evergreen, HMM, Yang Ming, and ZIM join initial members A.P. Moller-Maersk, Hapag-Lloyd, MSC and ONE, representing 70% of the market. Momentu...

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K+N urges carriers to follow environmental lead

Swiss forwarding and logistics group issues rallying call to follow the green credentials set by its new ‘carbon neutral’ ocean offering. Kuehne + Nagel has called on carriers to follow...

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Port of Virginia enjoys record-April volumes

The Port of Virginia® in April processed 245,933 TEUs (twenty-foot equivalent units) in April, making is the busiest April in the port’s history.

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