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Finance & Economy
October 4, 2015
CMA CGM appoints new deputy chief financial officer
The CMA CGM Group, a world leader in shipping and logistics, announceδ the appointment of…
October 4, 2015
TOP Ships Announces Pricing of Approximately $10 Million
TOP Ships announced the pricing of an underwritten public offering of 1,580,000 common shares (or…
October 4, 2015
Performance Shipping Announces Receipt of NASDAQ Notice
Performance Shipping announced that it has received written notification from The Nasdaq Stock Market LLC…
October 4, 2015
Höegh Autoliners Appoints New CEO
Höegh Autoliners has appointed a new Chief Executive Officer after the resignation of the company’s…
October 4, 2015
TOP Ships Announces Compliance With NASDAQ Minimum Bid
TOP Ships, an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced…
Shipping News
![Credit: LPhot Rory Arnold
Pictured here is Type 23 Frigate HMS MONTROSE (front) and Type 45 Destroyer HMS DUNCAN (rear) escorting the Tanker HELLESPONT PRIDE through international shipping lanes in the Gulf.
Nearly six million tonnes of British shipping has been safeguarded by the Royal Navy in the first two months of protecting vessels from Iranian aggression.
Nearly 90 British merchant ships were safely shepherded through the Strait of Hormuz by frigate HMS Montrose and destroyer HMS Duncan during a hectic two months responding to threats by Teheran.
Montrose passed through the narrow gateway to the Gulf 38 times – each time harassed by Iranian forces, from radio taunts and drones watching every move overhead through to Revolutionary Guards wielding rocket launchers and fast missile boats racing up menacingly.
The Plymouth-based frigate, which completed the first phase of its escort duties on Thursday [AUG 29], was forced to fire flares on more than a dozen occasions as she warned off the Iranian forces.
The ship prevented the Iranians seizing the British Heritage, performing a ‘handbrake turn’ at full speed and training all her guns on the tanker’s harassers.
But just nine days later Iranian troops succeeded in hijacking the Stena Impero while Montrose was helping to protect other shipping half an hour away.](http://www.shippingherald.com/wp-content/uploads/2019/09/royal_navy-270x168.jpg)
October 4, 2015
Middle East Shipping Stabilized by UK Navy, Says
Britain’s decision to send warships to the Strait of Hormuz has helped to stabilize commercial…
October 4, 2015
Baltic index falls on sluggish capesize demand
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk…
October 4, 2015
INTERTANKO developing practical guide for implementation as IMO
INTERTANKO is developing a practical guide to assist its membership in their preparation and implementation…
October 4, 2015
Baltic Exchange launches new ship operating expenses assessment
The Baltic Exchange has launched a new assessment to track the cost of operating vessels.…
October 4, 2015
Crews Rescue Final Crew Member from Overturned Car
Rescue workers on Monday freed the final crew member trapped inside a South Korean cargo…
Ports
October 4, 2015
Fifth-Best August at the Port of Long Beach
The Port of Long Beach last month had the fifth-busiest August in its 108-year history.…
October 4, 2015
UK Ports bring £9.7 billion of direct value
New figures published today by the ports industry reveal the hidden scale of the industry…
October 4, 2015
Maersk & Koole Terminals to produce 0.5% sulphur
Maersk Oil Trading and Koole Terminals announced the signing of an agreement to produce IMO…
October 4, 2015
Piraeus Port beefs up investment plan, awaits Greece's
Piraeus Port Authority (OLP), operator of Greece’s largest port, has increased its investment plans to…
October 4, 2015
Piraeus Port Authority submits revised master plan
A revised master plan by the Cosco-managed Piraeus Port Authority has been tabled for review…