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Kawasaki Kisen Kaisha Ltd. (9107), Japan’s No. 3 container line, said it may take as long as a year to decide on plans for adding larger vessels, even after its two main local rivals signed deals to add big box ships.

Two shipping groups proposed a voluntary emissions-reduction tool as the European Union urged the maritime transport industry to adopt internationally binding measures

Global container freight volumes will increase this year, but in a slower growth rate compared with 2010, according to a report released by the Chinese Academy of Sciences (CAS).

Russia could raise between $750 million and $1.25 billion by floating a 25 percent stake in shipping giant Sovcomflot this year or in 2012, sources close to the placement told Reuters on Friday.

At the moment, no South Korean ships or sailors are held by Somali pirates, infamous for demanding high ransoms and their inhumane treatment of captives.

Kirby Corporation announced the completion of the acquisition of K-Sea Transportation Partners L.P., with K-Sea becoming a wholly owned subsidiary of Kirby. K- Sea is an operator of tank barges and tugboats participating in the coastwise transportation primarily of refined petroleum products in the United States.

FIJI can capitalise on the international demand for efficient shipping services by marketing and exporting seafarers especially at the officers' level.Acting chief executive officer Maritime Safety, Josateki Tagi said Fiji's maritime sector was facing problems in maintaining local highly qualified deck and engineering officers to serve and man locally registered large vessels.

China will spend more than CNY36 billion (US$5.57 billion) in the coming five years on Yangtze River dredging and navigation upgrades, Xinhua reports citing CHINA's Vice Minister of Transport Xu Zuyuan statement. This will bring the river to a new phase of rapid development.

NYK Line’s eastbound trans-Pacific volume fell 8 percent year-over-year in May, the second straight monthly decline on the trade lane for imports into the United States,

The Collaboration Combines Satellite and Maritime Experience from Orange with Consilium's Leadership in Safety and Navigation Solutions for Shipping Industry. Consilium Marine Group, a worldwide supplier of marine products and customer services, and Orange Business Services, a leading global integrator of communication solutions, announces today that they have signed a high-level global cooperation agreement.

Mercator Lines, one of the largest shipping lines in India, is planning a $150 million (R680 crore) initial public offering (IPO) of its Singapore-based coal exploration and mining unit, Oorja Holdings, by the end of 2011. The company will divest not more than 30% stake in Oorja and the listing will be done either in Singapore or London.

Orient Overseas Container Line Ltd. (OOCL) is proud to announce that OOCL has been awarded the “Top Ranked Carrier 2011” in the Annual Ocean Carrier Performance Survey

MAN Diesel & Turbo has signed a contract with STX, the South Korean engine manufacturer, for the construction of four model 12V28/33D STC diesel engines. The four-stroke units are bound for a Republic of Korea Navy vessel currently under construction in Korea at Hanjin Heavy Industry Co., Ltd, and are expected to be delivered in October 2012.

Wärtsilä and Jiangsu CuiXing Marine Offshore Engineering Co. Ltd. have agreed to establish a joint venture for manufacturing Wärtsilä 26 and Wärtsilä 32 medium-speed marine engines in China. The value of Wärtsilä’s investment in the joint venture is EUR 16 million. Wärtsilä’s share of the joint venture is 49 percent and Jiangsu CuiXing’s share 51 percent.

MAN Diesel & Turbo added another two-stroke licensee to its roster at a signing ceremony in China on June 15 with CSSC Guangzhou Marine Engine Co. Ltd. (GMD).

The U.S. Environmental Protection Agency (EPA) and the U.S. Coast Guard signed a memorandum of understanding (MOU) to jointly enforce U.S. and international air pollution requirements for vessels operating in U.S. waters.

According to the China Electricity Council (CEC), over a quarter of its energy consumption was powered by green sources. China's total output increased by 14.56 percent in 2010 to more than 4.19 trillion kWh.

Dutch company SBM Offshore has received a contract from Technip for the engineering, procurement, construction and integration (EPCI) of a turret mooring system.

Athens-based shipowner Thenamaris has ordered four 6G80ME-C9.2 engines from MAN Diesel & Turbo to be equipped in four 5,000-teu container vessels, which will be built by Hyundai (HSHI) in South Korea.

CSX Intermodal Terminals (CSX) has installed Tideworks' terminal operating system (TOS) at its new Northwest Ohio intermodal terminal (NWOH).