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Scrabster Harbour in the very north of Scotland is planning developments to the piers in the harbour to improve the facilities for visiting cruise ships and to enhance the faciliti...More Info
Seabed Scour Control Systems (SSCS) is the lead company in a £1 million project aimed at developing an innovative self-installing scour protection system that could save the ...More Info
Cruise operator The Fjords DA is delaying its planned move into Oslo, with the news that the all-electric ‘Legacy of The Fjords’ will now be delivered from specialist s...More Info
The AST Group (AST) has confirmed the first ever commercial installation of Iridium Certus carried out with its partner Alphatron Marine onboard Oceanwide Expeditions’ &lsquo...More Info
Associated British Ports recently announced an additional investment to boost facilities at its Port of Hull, bringing the group’s total investment to £250 million sinc...More Info
MOL Suspends Cruise Ship Master after Allision in Guam
Mitsui O.S.K. Passenger Line, a part of Japan’s shipping major MOL, suspended the Master of the cruise ship Nippon Maru following an allision in Guam.   Namely, the Ma...More Info
Samskip has been named lead partner in a project seeking to bring to market emissions-free, autonomous container ships that also operate at a profit.   The multimodal operat...More Info
SwissMarine Hires Diana Shipping’s Capesize Units
Greek dry bulk shipowner Diana Shipping has entered into a time charter contract with Geneva-based SwissMarine Services for one of its Capesize vessels.   Under the agreemen...More Info
Algoma: All Domestic Dry Bulk Collective Agreements Ratified
This includes four officer contracts represented by the Canadian Merchant Service Guild (CMSG) and unlicensed seafarer collective agreements with the Seafarer’s International...More Info
New CEO to Take Over the Reins of K Line
  “K Line has developed its business foundation for the future under the current management to rebuild a stable earnings structure, including the establishment of the i...More Info
Petronas Conducts Its First LNG Break Bulking STS Transfer
PETRONAS LNG, a subsidiary of Malaysian oil company PETRONAS, has delivered its liquefied natural gas (LNG) cargo through its maiden break bulking ship-to-ship (STS) transfer ...More Info
Coral EnergICE Begins Regular Loading at Zeebrugge Terminal
The newly built ice class vessel Coral EnergICE has started regular loading operations with the first loading at the Zeebrugge LNG Terminal. The vessel will be making re...More Info
DFDS Orders RoRo in China
Danish shipping and logistics company DFDS has ordered one additional RoRo from the Chinese Jinling Shipyard. The newbuilding is scheduled for delivery in the first half of 2...More Info
Gas Supplier Selected for New LNG Facility at Gothenburg Port
Swedegas, which is currently constructing a permanent LNG facility at the Port of Gothenburg, has entered into an agreement with gas supplier Barents NaturGass for the facility. T...More Info
Global salvage specialists Ardent and Smit Salvage are engaged in a major salvage operation following a container ship fire in the Arabian Sea. Fires on container ships, often ori...More Info
74.3m eco-friendly hybrid Ro-Ro ferry ordered in Hamburg will complete a trio of acclaimed, double-ended ships for shallow water island service in the German Bight, reports Tom Tod...More Info
For OEMs who want to turn a CAD drawing into a cost-effective prototype, Polycast Ltd will be showing the latest options available. Formerly MS Gibb Marine and based near the UK&r...More Info
Heerema Marine Contractors has announced that as a further step in its strategic transition the company will discontinue its offshore pipe lay activities. The decision follows a f...More Info
Pemamek has received another order from the French shipyard, STX France. Pemamek will provide hi-tech assembly and welding automation stations for panel profiles. Pemamek has sign...More Info
Ian Ellis, MD, Macduff Ship Design, remarked, “We are delighted to be able to attend Seawork International 2018. We first exhibited in 2001 and find the show invaluable for...More Info
Renewables developer SINN Power has signed an agreement with a local aquaculture firm to begin the company’s first commercial wave energy project in Cape Verde. The partne...More Info
UK naval shipbuilder Babcock has marked a key milestone in the build programme for the delivery of a fourth Offshore Patrol Vessel for the Irish Naval Service as it successfully ...More Info
Following the takeover of Burgess Marine Ltd. in December which led to it ceasing its operation at Trafalgar Wharf, Portchester, UK, the lease for the Syncrolift facility was rel...More Info
In April, the SAL Heavy Lift vessel ‘MV Lone’ loaded a newly built batch of eleven Damen flat top Pontoons in Shanghai bound for the Netherlands. The majority of the...More Info
HSH Nordbank Looking to Sell All Shares in FSL Trust
Godan GmbH, the controlling unitholder of First Ship Lease Trust (FSL Trust), is in discussions with investors for a potential sale of all of its shares in FSL Holdings, ...More Info
Brokers: Pacific Basin Buys Clipper’s Handy Pair
Hong Kong-based owner and operator of Handysize and Supramax dry bulkers Pacific Basin Shipping Ltd has been linked to the purchase of two Handy bulkers from Clipper Group. T...More Info
Hutchison Ports Buys 50 Pct of TMA Logistics
Hutchison Ports has acquired a 50% shareholding in the Netherlands-based services company TMA Logistics B.V. (TMA). “The acquisition of a 50% stake in TMA Logistics compleme...More Info
Quijano: 40 Pct of LNG Vessels Cancel Their Reserved Transit
  Ships transporting LNG don’t need more reservations at the Panama Canal, according to Jorge L. Quijano, Administrator of the Panama Canal Authority, cited by Bloomb...More Info
Drewry: Asia to WCNA Sees Rise in Demand, Rates Still Weak
The eastbound Asia to West Coast North America market continues its six-year run of strong demand growth, but weak spot rates will damage carriers’ income, shipping consultan...More Info
THE Alliance to Sail into 2018 with Strengthened Offer
Following the first year of cooperation, the members of THE Alliance are increasing their offer as they plan to deploy a fleet of 250 vessels covering 33 services effective fr...More Info
CDBL Inks Sale and Leaseback Deal for LNG Carrier Pair
Hong Kong-listed China Development Bank Financial Leasing (CDBL) has invested USD 363.8 million in two 162,000 cbm ice Class 1A LNG carrier vessels. The bank entered into the sale...More Info
Uljanik Delivers Algoma’s 1st Self-Unloader
Algoma Innovator, a self-unloading bulk carrier, was delivered to Canada-based Algoma Shipping Corporation at 3. Maj shipyard in Rijeka, Croatia, on December 14. The 24,900 dwt&nb...More Info
Brokers: Chengxi Shipyard Wins Kamsarmax Quartet
The Chinese leasing firms are resuming their ordering spree on behalf of shipowners, the latest one being Bank of Communications Financial Leasing (BoCom). Broker reports indicate...More Info
Odfjell SE Seals Singapore Tank Terminal Sale
Odfjell Terminals B.V. has closed the sale of its 50 percent ownership in Oiltanking Odfjell Terminal Singapore Pte for around USD 300 million after debt. The sale was announced&n...More Info
Tankers Facing Berthing Delays at Dongying Port
Due to port congestion and bad weather at China’s Dongying Port, tankers calling at Dongying Zhonghaiyou terminal (CNOOC terminal) are facing a waiting time of around two wee...More Info
#OnePlanet: 35 States Pen Declaration on Cutting Shipping’s CO2 Footprint
The international maritime transport industry has to take urgent measures in order to cut its share of emissions, a declaration signed in Paris within the framework of the “O...More Info
SCF Carrier Starts 1st Commercial Voyage for Yamal LNG
Icebreaking LNG carrier Christophe de Margerie has commenced the commercial voyage carrying the first cargo of liquefied natural gas produced at the Yamal LNG plant. The vess...More Info
DMA: Maritime Regulation for Autonomous Ships Needs to Be International
Maritime regulation for autonomous ships should be decided at the international level, a new report published by The Danish Maritime Authority (DMA) recommends.  Such regulat...More Info
Port Canaveral Ready for Larger Cargo Vessels
Larger cargo ships will now be able to access Florida’s Port Canaveral as the port completed the deepening of the West Turning Basin. The deepened basin now allows deep...More Info
Jumbo Inks LoI for LNG-Powered Heavy Lift Vessel
Heavy lift shipping company Jumbo has today signed a Letter of Intent (LOI) with China Merchants Industry Holdings (CMIH) for the engineering and construction of a new DP2 heavy li...More Info
In Depth: Cyber Hygiene Key to Hack-Proofing Your Business
With cyber crimes becoming ever more frequent on a global scale, the maritime industry faces new challenges in order to ensure security of its data. As a result, players across th...More Info
NTSB: Second Mate Fell Asleep Prior to Tug Grounding
The articulated tug Nathan E. Stewart ran aground in the Seaforth Channel of British Columbia on October 13, 2016 probably due to the second mate falling asleep whil...More Info
Digital Refining Summit 2019
Digitalisation seems to be the key to oil companies to grow margins & according to Accenture, the digital commercial optimization needs to happen at scale and speed to create c...More Info
EU Moves Toward Better Protection of Seafarers
The European Council has adopted a directive which is set to provide seafarers with protection from abandonment at sea.  The directive, adopted on December 7, gives legal eff...More Info
Hyundai Glovis Pens Crude Oil Shipping Deal with GS Caltex
South Korean logistics company Hyundai Glovis has inked a long-term crude oil shipping contract with compatriot oil refiner GS Caltex.  Under the deal signed on December 8, 2...More Info
UK Maritime Sector Responds to Brexit ‘Breakthrough’ Deal
The UK and EU have struck a “last-minute”deal on Brexit that prevents a hard border on the island of Ireland but includes a divorce bill that could reach up to GBP...More Info
Cargo Volumes Rising at Ports in India
Major ports in India recorded a year-over-year growth of 3.46% from April to November 2017, Indian Ministry of Shipping said.  As informed, ports handled 439.66 million tons ...More Info
Environmental Legislation Key Priority for BIMCO
Environmental legislation will be at the top of the agenda of Angus Frew, Secretary General & CEO of BIMCO, the world’s largest international shipping association, w...More Info
CMA CGM Wraps Up Mercosul Takeover from Maersk Line
French shipping major CMA CGM has completed the acquisition of Brazil’s container shipping line Mercosul Line from Maersk Line. CMA CGM and Maersk Line announced the deal&nb...More Info
A survey for a proposed subsea and underground power transmission link to improve security of supply between England and France is underway. MMT’s offshore geophysical surve...More Info
As efforts to find missing Argentine submarine ARA San Juan are increased, new submarine rescue systems (SRS) are being built. JFD’s third generation SRS has been developed ...More Info
Siemens Gamesa Renewable Energy has welcomed Her Majesty The Queen to its offshore wind turbine blade manufacturing factory at Alexandra Dock, Hull, UK. On arrival at the site, He...More Info
The GRP Division of the Spanish Gondan shipyard has built four Eco Fast ferries with a capacity for 350 passengers for Baleària shipping company with the first of them launc...More Info
Tideman Boats is developing a dedicated HDPE oil spill response craft (OSRC) in partnership with Hebo Maritime Services. Renowned for their robust nature, the Tideman Boats are ma...More Info
Meercat Workboats may undergo a management buyout (MBO) following a report that it has gone into administration. The Southern Daily Echo claimed that Meercat was in administr...More Info
Nearly Half of the World's LNG Traverses South China Sea
By MarEx 2017-11-02 20:58:29 The South China Sea is a major route for LNG trade, and in 2016, almost 40 percent of global LNG trade, or about 4.7 trillion cubic feet (Tc...More Info
China Grows Belt and Road Business
By MarEx 2017-11-02 20:48:19 Trade between China and countries along the Belt and Road reached a value of $786 billion in the first three quarters of this year, up ...More Info
Pilot Sparks Off-Hire Dispute Over Winch Maintenance
By MarEx 2017-11-02 19:59:37 International Transport Intermediaries Club (ITIC) recently settled a claim brought against a ship manager for failure to maintain its oblig...More Info
U.S. Navy Releases Post-Collision Review
By MarEx 2017-11-02 19:23:26 On November 2, the U.S. Navy released the results of a comprehensive internal review of surface fleet operations, a sweeping study ordered b...More Info
USS McCain: Human Error Led to "Loss of Steering"
By MarEx 2017-11-01 17:04:21 The U.S. Navy has released its final report into the two collisions involving the USS John S. McCain and USS Fitzgerald, ...More Info
Russia's Sunken Subs to Stay for Another Three Years
By Charles Digges 2017-10-30 02:25:24 Russian officials have again raised the possibility of retrieving tons of nuclear trash from the bottom of the Arctic Ocean –...More Info
Qatar Vows to End Kafala System
By MarEx 2017-10-29 02:30:18 Following years of international campaigning against kafala – a form of indentured labor that in practice has equated to often slave-l...More Info
Developing Nations Hit by Container Shipping Squeeze
By MarEx 2017-10-29 02:57:51 Seaborne trade grew by 2.6 percent in 2016, to reach 10.3 billion tons, but the pace remained below the historical three percent average, an...More Info
India Ships Wheat Through Chabahar Port
By MarEx 2017-10-29 18:10:37 The Iranian port of Chabahar processed a maiden shipment of wheat from India's western seaport of Kandla to Afghanistan on Sunday. Chabahar...More Info
USS Ashland Rescues Two Sailors in Western Pacific
By MarEx 2017-10-27 14:16:11 On Wednesday, the Navy sailors of the dock landing ship USS Ashland came to the assistance of two yacht sailors who had been adrif...More Info
State Dept. Places Russian Shipyards on Sanctions List
By MarEx 2017-10-27 19:09:51 The U.S. State Department has created a list of 39 Russian defense organizations that could be placed under sanctions in response to Moscow&...More Info
U.S. Plans Three-Carrier Drill as Trump Visits Asia
By MarEx 2017-10-27 21:46:42 The U.S. Navy is planning a rare combined drill with three aircraft carriers, a once-in-a-decade concentration of naval capability. The...More Info
Hospital Ship to Return to San Juan
By MarEx 2017-10-27 16:02:07 Puerto Rico governor Ricardo Rossello announced Friday that the hospital ship USNS Comfort will return to San Juan, Puerto Rico.&n...More Info
India Expands Naval Footprint in Indian Ocean
By MarEx 2017-10-25 19:21:24 The Indian Navy is extending its reach across the Indian Ocean with a new mission-based approach to  deployments. Around 15 destroyers,...More Info
Building Offshore Wind Turbines in Port Saves Money
  By MarEx 2017-10-26 02:32:32 University of Delaware researchers have developed a new method for constructing offshore wind farms and proven that it is cheaper,...More Info
APL Launches New Korea China Straits Service
By MarEx 2017-10-21 20:14:58 APL has launched a new Korea China Straits (KCS) service that will serve the key Asian markets of China, Korea, Singapore, Malaysia, Indones...More Info
Boost Counter-Terrorism Cooperation
By MarEx 2017-10-24 03:03:10 The Australian Defence Force will expand its assistance to the Armed Forces of the Philippines to strengthen its long-term ability to combat...More Info
A Dutch electrical and automation expert has been awarded an electrical power package contract for an DP3 offshore installation vessel. Bakker Sliedrecht will handle all aspects o...More Info
The first dredger built by Damen for Australia is capable of working to depths of 15m. Built at Damen Shipyards Yichang, the 60m long Trailing Suction Hopper Dredger (TSHD) 650 is...More Info
Port Arranges Containers to Welcome Mega-Ship
The OOCL Germany docked at Germany's Eurogate Container Terminal in Wilhelmshaven for the first time on Monday and was greeted by containers arranged to display her TEU c...More Info
The Prins Hendrik dYke on the Netherlands island of Texel is to be reinforced, future proofed and enhanced by Belgian dredging major Jan De Nul Group. The dyke is over three kilom...More Info
Drewry: Vietnam, Indonesia Adding Direct Mainline Services
The assumption that the rise of mega-ships and alliances would limit the coverage of direct mainline container services to key gateways and hubs has thus far been inaccurate, accor...More Info
CMA CGM Recovers from Major Loss with USD 86 Mn Q1 Profit
French shipping giant CMA CGM reported a consolidated net income of USD 86 million in the first quarter of 2017, the company informed. The results represent a significan...More Info
G E Shipping Adds Supramax Bulker
ndia-based shipping company Great Eastern Shipping (G E Shipping) has taken delivery of Jag Rohan, a secondhand Supramax dry bulk carrier, from Japan’s Kambara Kisen.  ...More Info
Maersk Tankers Confirms Order for Ten LR2 Ships
Maersk Tankers, part of the Danish shipping conglomerate Maersk, has confirmed that it placed an order for ten LR2 product tanker vessels at China’s Dalian Shipyard. Under t...More Info
Drewry: Dry Bulk Market to Recover from 2017 Onwards
The dry bulk shipping market is expected to recover from 2017 onwards driven by a narrowing supply-demand gap, according to the shipping consultancy Drewry. Namely, dema...More Info
CHIRP Maritime Looks to a Bright Future
The Charitable Trust CHIRP (Confidential Hazardous Incident Reporting Programme) has enjoyed an extraordinary year; its quarterly publication Maritime FEEDBACK now has an estimated...More Info
Rotterdam Port Fund to Invest in Port-Related Firms
The Dutch Port of Rotterdam, along with a number of investors, has taken part in developing the Rotterdam Port Fund, a new EUR 75 million closed-end investment fund aimed at f...More Info
Port of LA Step Closer to a Zero-Emission Goal
The US Port of Los Angeles has been awarded two grants to invest in environmentally friendly equipment for moving cargo at its container terminals in an effort to reduce pollution....More Info
Scorpio Bulkers Inc. Announces Time Charter-Out Agreement
Scorpio Bulkers Inc. (NYSE: SALT) (the "Company") announced this week that it has entered into a time charter-out agreement for one Kamsarmax vessel. Scorpio Bulkers Inc. is a pro...More Info
CMA CGM, K Line Team Up on NEW CIMEX 2E
Starting from mid-December, French container shipping company CMA CGM plans to launch China India Middle East Express 2E (NEW CIMEX 2E), a new service linking Asia to the East Coas...More Info
Oil demand to grow more swiftly, too early to assess global output cut
Global oil demand will rise more strongly than expected next year, although it is too soon to assess fully the impact of a joint cut in supply by the world's largest producers, the...More Info
Maersk Line Seals Hamburg Süd Deal
World’s largest container carrier, Maersk Line A/S, and the Oetker Group have reached an agreement for Maersk Line to acquire the German container shipping line Hamburg ...More Info
NYK Buys Stake in Maher Terminals
NYK Ports, a subsidiary of Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK), has acquired a 20 percent share in the US-based terminal operator Maher Terminals, which o...More Info
SOLAS VGM Method 2 – How it works in South Africa
With the SOLAS VGM deadline looming, more and more people are starting to get nervous about the whole issue in general and SOLAS VGM Method 2 in particular.. If you have been livi...More Info
OCEAN Alliance Unveils Services Network
Members of the OCEAN Alliance have signed the Day One Product document, setting out the proposed network, including port rotation for each service loop. Under the agreement, ...More Info
Ports of Liverpool and Panama Enter Partnership
The Panama Canal Authority (ACP) and UK ports operator Peel Ports, the owner of the Port of Liverpool, have entered into a Memorandum of Understanding (MOU) ahead of the forma...More Info
Difference between Vessel agent and Carrier agent
Wait a minute, are they NOT the same ?? you ask.. Well in a few cases it could be the same, but there is also a difference between a Vessel agent and Carrier agent.. Let me e...More Info
Nakilat Sees Slight Drop in Net Profit
Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has reported a net profit of QAR 749 million (USD 205.6 million) in the third quarter of 2016 compare...More Info
Shipper on bill of lading can be from a country different from port of loading - Yes or No
Food for thought..?? Previously, I wrote an article "Can the shipper's address on the bill of lading be in another country".. At that time there were a few comments confirmin...More Info
The Container Department
It has been called many names – Equipment Control, Container Control, Logistics, Container Department – whatever you call it, it is one of the most dynamic departments&...More Info
Can anyone become a freight forwarder..??
So you want to become a Freight Forwarder huh..!! Did you wake up one fine day and think that “Hey let me become a Freight Forwarder”..?? Or have you been obsessing an...More Info
Jakarta’s New Terminal Starts Operation
A new container terminal built by Nippon Yusen Kabushiki Kaisha (NYK Line), PT. Pelabuhan Indonesia II (IPC), Mitsui and PSA International (PSA) has commenced commercial operations...More Info
Damietta Port, China Harbor Sign MOU on New Container Terminal
Egypt’s Port of Damietta Authority has signed a Memorandum of Understanding (MOU) with China Harbor for the development of Damietta Port’s second contain...More Info
Gallery: Liverpool2 Readies for November Debut
The UK-based Peel Ports Group has welcomed the latest batch of cantilever rail-mounted gantry (CRMG) cranes, ready for installing and commissioning at the Liverpool2 deep-water con...More Info
Alphaliner: Hanjin’s Reputation Irreparably Damaged
The poor handling of Hanjin Shipping’s collapse has done irreparable damage to the Korean carrier’s reputation, and it is improbable that Hanjin Shipping can ...More Info
Alphaliner: Carrier Impairment Losses Could Reach USD 35 Bn
After it said that it expects anextraordinary loss of JPY 100 billion (USD 972 million) on its containership assets, Japan’s shipping major Nippon Yusen Kabush...More Info
Tallink Invests in Silja Europa Cruise Ferry Renewal
Estonian shipping company Tallink has invested over EUR 16 million (USD 17.7 million) into renewing the 1993-built passenger ferry Silja Europa, which is returning to Helsinki-Tall...More Info
U.S. Retailers Fear for Cargo aboard Hanjin Ships
The National Retail Federation and the Hardwood Federation have led a coalition of 120 organizations representing retailers, manufacturers, agribusinesses and other sectors af...More Info
Alphaliner: Maersk Could Sell APM Terminals and Damco
Danish shipping major Maersk Line’s container shipping related units, APM Terminals (APMT) and Damco, could be spun-off or divested entirely, following the com...More Info
Paris MOU to Inspect Working and Living Conditions on Ships
The Paris Memorandum of Understanding (MoU) on Port State Control will launch a Concentrated Inspection Campaign (CIC) on the Maritime Labour Convention, 2006 (MLC,2006). The...More Info
Bahri, APICORP Set Up USD 1.5 Bn Fund to Buy 15 VLCCs
The National Shipping Company of Saudi Arabia (Bahri) and the Arab Petroleum Investments Corporation (APICORP) have inked an agreement on July 17 to launch the USD 1.5 billion APIC...More Info
Australian LNG exports surge more than 18% to 3.6m tonnes
Combined exports from Australia’s three LNG hubs surged 18.5% in June as the country’s LNG plants continued to add to global energy supplies. Total June output climbed...More Info
Awilco Sells Two Laid-Up LNG Carriers
As the weak LNG freight market continued in the early part of 2016, the Norwegian liquefied natural gas (LNG) transportation provider Awilco LNG ASA decided to sell two o...More Info
Pioneer Marine: 25 Bulkers Laid Up in Greece
  Drop in freight rates in 2015 for all classes of bulkers have forced owners to resort to demolition of older tonnage and layup as excess supply overwhelmed anaemi...More Info
Australian Landing Helicopter Dock; a tale of successful design and construction spanning two hemispheres. Presented by Hayley Rafati and Benjamin Corden-McKinley Abstract Measu...More Info
Salvors Start Removing Containers from TS Taipei
A floating crane has been dispatched to the scene today of the grounded cargo ship TS Taipei to offload containers from the wreck, including 8 of them containing hazardous material...More Info
APM Terminals Invests in New Terminal in Morocco
Maersk’s APM Terminals has been named as the operator of a new container transshipment terminal at the Tanger Med 2 port complex, situated in Morocco, on Africa’s ...More Info
Gazprom and Fluxys Team Up on Small-Scale LNG
Russian gas major Gazprom has signed a framework agreement on small-scale LNG cooperation in the European market with Belgium-based counterpart Fluxys. Under the provision of...More Info
Port of Melbourne Lease Bids Invited
The Victorian government has launched the tender for the expression of interest for the 50-year lease of the Port of Melbourne in less than two weeks after the passage of the&...More Info
Container Volumes Drop at PSA International
Singapore-headquartered port operator PSA International has seen a slight drop in its container volumes as it handled a total of 64.1 million TEUs in 2015, 2 percent...More Info
CMA CGM Expands West African Services
French container shipping major CMA CGM has upgraded its services linking the West African coast to Europe, Asia, Middle East and India as a part of the company’s new st...More Info
Helios LPG Pool Takes 8 VLGCs on Board from Oriental Energy
Helios LPG Pool LLC, an LPG vessel pool jointly operated by Dorian LPG and Phoenix Tankers Pte, has reached an agreement with Oriental Energy Company, a propane dehydrogenatio...More Info
DSME to Axe 12,000 Jobs by 2019
South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) plans to slash its workforce by 12,000 to 30,000 by 2019 within its cost cutting measures. “We are...More Info
Paragon Shipping Sells Its Entire Dry Bulk Fleet
Athens-based dry bulk specialist Paragon Shipping has decided to sell all of its six dry bulk vessels to unnamed third parties as it aims for a full and final settlement ...More Info
CMA CGM Moves Mega-Ships to Transpacific Trade as Asia-Europe Rates Keep Tumbling
CMA CGM has confirmed that from the end of May it will redeploy its flagship fleet of 18,000 teu ships on the “most active and dynamic market to date: the transpacific”...More Info
China Navigation Fined for Air Pollution
The China Navigation Co. Pte., deep-sea ship owning and operating arm of the Swire group, has been fined USD 129,500 by the California Air Resources Board for failure to switc...More Info
Eni Gets Approval for FLNG Facility off Mozambique
Italy-based oil and gas company Eni has received an approval to construct and install a floating liquefied natural gas (FLNG) facility with a capacity of around 3.4 mtpa ...More Info
Shell Seals Offshore Oil and Gas Deal With Bulgaria
Royal Dutch Shell Plc signed a five-year contract for oil and natural gas exploration in the deep waters of the Black Sea off the Bulgarian coast, which will enable the Balkan nati...More Info
Otto Marine Starts Building Tankers
In light of a slow oil and gas market, the Singapore-based shipbuilding company Otto Marine has decided to expand its portfolio and turn to other shipbuilding segments. Namel...More Info
Dry Bulk Shipping Company Golden Ocean Eyeing 200$ Million in Restructuring
Billionaire investor John Fredriksen’s dry bulk shipping firm Golden Ocean plans to raise $200 million in fresh equity as it continues to face weak markets for its vessels, t...More Info
Maersk’s Outlook Changed from Positive to Stable
Denmark-based shipping and oil company A.P. Møller-Mærsk had its outlook changed from positive to stable on the Baa1 issuer rating and Baa1 senior unsecured ...More Info
Review Gives Green Light to New Zealand’s Coastal Navigation Safety
Ahead of the anticipated increase in the number of ships visiting New Zealand and a trend to ever bigger ships, Maritime New Zealand has conducted a review of coastal navigation sa...More Info
Fitch: US Ports Not Ready for Container Weighing
US ports, rated by Fitch Ratings, have neither designated facilities for weighing containers nor the systems for the verification of container weights, the rating agency said, putt...More Info
Nigerian Navy Foils Hijack of Maersk-Linked Ship
Nigeria’s navy foiled an attempt by pirates to hijack a container ship operated by A.P. Moeller-Maersk A/S with 25 sailors on board. Pirates boarded the Safmarine Kuramo, re...More Info
CMA CGM Brings More Capacity to French West Indies
French container shipping company CMA CGM decided to upgrade its service to the French West Indies by increasing its capacity and introducing additional calls on the...More Info
Sill Reinforcements in New Panama Canal Locks Completed
The sill reinforcements in the new locks of the Panama Canal have been completed this week, bringing the Panama Canal Expansion one step closer to inauguration, the Panama Canal Au...More Info
Bahrain, Saudi Arabia Ban Iranian Ships from Their Ports
Bahrain and Saudi Arabia have banned Iranian-flagged vessels from their ports, Gard said citing a GAC correspondent. As disclosed, the imposed restrictions introduced by the two c...More Info
Update: Modern Express’ Grounding Avoided, Ship Heading to Bilbao
The danger of grounding of the ill-fated car carrier Modern Express has been avoided as the ship has been towed away from the French coast, French Maritime Authority said. Namely,...More Info
Stricken cargo ship Modern Express heading for French coast
A stricken cargo ship is heading towards the French coast but there are hopes it can be towed to safety before it runs aground. The Panamanian-registered Modern Express began list...More Info
Drewry: Half of Over 12-Year-Old Capesizes Need to Go
If dry bulk ship-owners collectively removed half of all capesize ships over 12 years old, equating to around 20 million dwt of capacity, it would enable earnings to return to prof...More Info
Philly Shipyard Starts Building APT’s 1st LNG-Ready Tanker
Philly Shipyard, Inc. (PSINC) has laid the keel for the first product tanker in a four vessel order for American Petroleum Tankers (APT), a Kinder Morgan subsidiary. When com...More Info
BIMCO: 40 Million DWT of Bulker Scrapping in 2016
BIMCO said Friday that it predicts a total of 40 million dwt of bulkers will go to the scrapyard this year. If the forecast should prove accurate, 2016 would be the busiest year fo...More Info
World’s 2nd LNG-Powered Boxship Joins TOTE Maritime
The world’s second containership to be powered by liquefied natural gas (LNG), the Perla Del Caribe, has been delivered to the US-based shipping company TOTE M...More Info
Taking steps to realise South Africa’s seafarer supply potential
South Africa has the potential to become a global supplier of high-quality, highly-skilled ship’s officers.   This is the view of Daniel Ngubane, newly appointed Group...More Info
Drewry: No Recovery in Sight for Dry Bulk Market
Share prices of dry bulk companies kept tumbling during 2015, and, according to Drewry Maritime Equity Research (DMER), the market is not expected to recover in...More Info
Australian Ports Clogged as Strikes Begin
The Australian Institute of Marine and Power Engineers (AIMPE) Union has started their planned strikes aboard Danish tug operator Svitzer’s tugs at various Australian po...More Info
Iran in Talks to Build LNG Carriers
Iran seems to be losing no time with the preparations for the post-sanction era which seems to be ever closer. Namely, the country is in talks with European counterparts Belgium, ...More Info
Cheniere Delays First LNG Cargo from Sabine Pass
The first liquefied natural gas (LNG) commissioning cargo from Sabine Pass liquefaction project, located in Cameron Parish, Louisiana, should be exported in late February or March ...More Info
Port of Rotterdam Sets Record Throughput in 2015
The Dutch Port of Rotterdam experienced an increase of 4.9% in goods throughput reaching a total of 466.4 million tonnes in 2015, which was mostly driven by a rise in&nbs...More Info
Dutch Freighter Sinks after Colliding with LNG Tanker in the North Sea
A Dutch general cargo ship sank early Tuesday morning after colliding with an LNG tanker in the North Sea, some 6 miles off the Belgian port of Zeebrugge, Netherlands Coastgua...More Info
Tokyo Court Okays Rehabilitation Process at Daiichi Chuo
Tokyo District Court on Monday approved the start of civil rehabilitation procedures at the financially troubled Japanese dry bulk specialist Daiichi Chuo Kisen...More Info
Port of Gothenburg’s Environmental Discounts Off to a Great Start
The introduction of environmental discounts at the Port of Gothenburg is off to a great start, Edvard Molitor, Senior Manager Environment at the Port of Gothenburg Authority, revea...More Info
Hurricane Joaquin Sends Cruise Lines Packing
At least three cruise lines have rerouted their ships sailing in the Caribbean to avoid Hurricane Joaquin, according to the Bahamas Ministry of Tourism. Carnival Cruise Lines...More Info
Yilport Adds 10 Port Terminals via Tertir Buy
Turkey’s Yilport Holding has reached an agreement with Portugal’s Mota-Engil Group and Novo Banco to acquire 100% of the shares of the Portuguese port management c...More Info
Ports of Antwerp and Montreal Renew Cooperation
Belgian port of Antwerp and Canada’s port of Montreal have renewed their collaboration agreement for further three years. The collaboration agreement was originally s...More Info