CM Lemos inks suezmax orders
Nereus Shipping Greece’s Nereus Shipping, an affiliate of CM Lemos, has added three more tankers to its orderbook. The Piraeus-based tanker and bulker outfit has revealed three suezmax newbuilds would…
Ukraine war, Alaska processor’s dependence on Russian crab prompts bankruptcy filing
Russia’s invasion of Ukraine in 2022 and the resulting US sanctions against Russian crab among other seafood items have forced an Alaska-based seafood processor, importer and wholesaler to seek Chapter…
MSC secondhand splurge nears 400 ships in four years
Gianluigi Aponte’s Mediterranean Shipping Co (MSC) has continued to cement itself at the top of liner rankings with additional secondhand tonnage that take the Swiss-based carrier’s purchases in the last…
Canada and France no closer to agreement on halibut
Two months after the Canadian government issued an ultimatum to France over halibut fishing on Canada’s Atlantic coast, negotiations between the two countries are no farther ahead Want to keep…
SMM readies to open its doors
The 31st SMM – the world’s largest shipping expo – opens its doors today across 90,000 sq m of exhibition space in Hamburg. With shipyard orderbooks in Asia extending through…
Canadian province seeks federal help to kick organized crime out of largest lobster fishery
Canada’s largest lobster fishery, off the coast of the province of Nova Scotia, doesn’t just have an issue with First Nation groups harvesting during closed seasons. It also has a…
Lloyd’s Register acquires Ocean Technologies Group
British class society Lloyd’s Register is acquiring Ocean Technologies Group (OTG), a provider of human capital management and operational software, from European private equity firm Oakley Capital. No price has…
The shipping industry’s long voyage toward supply chain transparency
More companies are recognising the necessity of better reporting and considering how a collaborative approach can help, writes Dr Paul Stanley, the CEO of Achilles. A combination of tightening regulation…
Frozen North American lobster market catches ‘fire’; prices expected to keep climbing
The frozen North American lobster (Homarus americanus) market is heating up and buyers are scrambling to secure both tails and meat before prices climb any higher, sources tell Undercurrent News…
Port of Melbourne secures site for massive expansion
Port of Melbourne, Australia’s largest general cargo and container port, has secured a long-term lease of additional land from the Victorian Government to improve the state’s supply chain efficiency. The…