Top Stories Long Way Ahead for Manilla despite Truck Ban Lifting

Long Way Ahead for Manilla despite Truck Ban Lifting »

The port of Manilla, the Philippines will not restore to normal operation by mid-2015 despite efforts to clear out the port congestion, including the most recent turn of events that resulted in lifting of the truck...

September 17 2014 / Comments Off / Read More »
UAE Halts Libya-Bound Shipments

UAE Halts Libya-Bound Shipments »

Amid growing security issues spurred by the crisis in Libya, U.A.E. port authorities issued instructions to cease loading containers for export and transshipment bound for Libyan ports, effective immediately, Danish-headquartered shipping company Safmarine said. “As advised by...

September 17 2014 / Comments Off / Read More »
14 Crew Saved from Typhon-Battered Cargo Ship

14 Crew Saved from Typhon-Battered Cargo Ship »

Fourteen crew members of Chinese cargo ship Hao Jun were airlifted to safety from the sinking vessel by a Hong Kong-based helicopter rescue services Tuesday, September 16th, local media report. The vessel started taking in...

September 17 2014 / Comments Off / Read More »
Jaccar, Hartmann Team Up on Ethane Business

Jaccar, Hartmann Team Up on Ethane Business »

Jaccar Holdings of Luxemburg and Hartmann Group of Leer, Germany, have announced the establishment of a joint venture for the commercial management of ethane carriers. The new company, United Ethane Carriers (UEC), will be based...

September 17 2014 / Comments Off / Read More »
Update: Cammell Laird Strike Averted

Update: Cammell Laird Strike Averted »

GMB members at Cammell Laird in Birkenhead  have voted to accept an improved pay offer and have called off the dispute in the yard over pay. The new agreement will cover the next three years...

September 17 2014 / Comments Off / Read More »
East Asian Spot LNG Prices Move Up

East Asian Spot LNG Prices Move Up »

East Asian spot LNG prices climbed sharply between late August and mid-September amid growing global competition for FOB (free on board) volumes and a deteriorating outlook for alternatives to gas-fired generation in Japan, ICIS, a...

September 17 2014 / Comments Off / Read More »
Finland, Russia Ink Deal on Icebreaking Cooperation

Finland, Russia Ink Deal on Icebreaking Cooperation »

Finland and Russia signed an agreement on 15 September providing a framework for cooperation in icebreaking services, Finland’s Ministry of Transport and Communications said. The agreement was signed by Harri Pursiainen, Permanent Secretary of the Finnish...

September 17 2014 / Comments Off / Read More »
Knightsbridge Fleet Merger Half-Way There

Knightsbridge Fleet Merger Half-Way There »

Knightsbridge Tankers Limited has completed the first stage of its previously announced shares for vessels transaction with Frontline 2012 Ltd. Knightsbridge has issued 31 million shares in exchange for 11 Cape size bulk carrier newbuildings, and two Newcastlemax...

September 17 2014 / Comments Off / Read More »
Headlines

Cosco Books Five Mega Container Ships »

Cosco Books Five Mega Container Ships

China Cosco Holdings Co (CCHC) has placed an order for the construction of five giant 14,500 TEU container ships , thus increasing the newbuilding...

Sep 17 2014 / Comments Off / Read More »

China JV Invests into Sri Lankan Hambantota Port »

China JV Invests into Sri Lankan Hambantota Port

Sri Lanka Ports Authority (SLPA) has agreed on key terms of Supply, Operate and Transfer agreement (SOT) with China Harbour Engineering Company Ltd., and China Merchants...

Sep 17 2014 / Comments Off / Read More »

Maersk Raises USD 1.25 Bln in Bond Offering »

Maersk Raises USD 1.25 Bln in Bond Offering

Danish shipping giant Maersk has raised USD 1.25 billion in two bond offerings. The net proceeds will be used for general corporate purposes, as...

Sep 17 2014 / Comments Off / Read More »

Drowning of 500 Migrants in the Med Deliberate, Survivors Say »

Drowning of 500 Migrants in the Med Deliberate, Survivors Say

Over 500 migrants are believed to have been deliberately drowned by human traffickers this weekend in the Mediterranean Sea while trying to reach European shores. Investigators...

Sep 17 2014 / Comments Off / Read More »

Scorpio Rejuvenates Tanker Fleet »

Scorpio Rejuvenates Tanker Fleet

Scorpio Tankers Inc., a global provider of marine transportation for petroleum products,  announced today that it has added seven newbuilding vessels to its fleet,...

Sep 16 2014 / Comments Off / Read More »

Greathorse Chemical Secures Major Cash Injection »

Greathorse Chemical Secures Major Cash Injection

Standard Chartered Private Equity (SCPE) and Tiger Group Investments are going to invest USD 95 million in Shanghai-based Greathorse Chemical, an owner and operator...

Sep 16 2014 / Comments Off / Read More »

Interview: Staying ahead of the Game »

Interview: Staying ahead of the Game

As more and more cargo arrives to one of Europe’s leading ports, the Port of Hamburg, the port authorities have recorded an above average growth...

Sep 15 2014 / Comments Off / Read More »

Readers’ Picks of the Week (Sep 08-14, 2014) »

Readers’ Picks of the Week (Sep 08-14, 2014)

Unmanned Vessels to Take Over Our Seas? Researchers at Norwegian Marine Technology Research Institute (MARINTEK) believe that in ten to twenty years time there...

Sep 14 2014 / Comments Off / Read More »

Tanzania Expedites Megaport Project Start »

Tanzania Expedites Megaport Project Start

Construction of the USD 11 billion Bagamoyo megaport has been pushed forward by the government of Tanzania from January 2015 to the last trimester of 2014,...

Sep 12 2014 / Comments Off / Read More »

Vale, Cosco Ink Iron Ore Shipping Deal »

Vale, Cosco Ink Iron Ore Shipping Deal

Vale and China Ocean Shipping Company (Cosco), the largest dry bulk carrier in China, signed today, in Beijing, a framework agreement for strategic cooperation...

Sep 12 2014 / Comments Off / Read More »




Also in the news

Arctic Ice Dwindling, Antarctica Levels Reach 30-Year Highs »

Arctic Ice Dwindling, Antarctica Levels Reach 30-Year Highs

The area of sea ice in the Arctic fell to a summer minimum of around 5.0 million square kilometres this year, which is about 1.6 million square kilometres more than the record low in 2012. However, according to sea ice physicist Marcel Nicolaus from the...

Sep 17 2014 / Comments Off / Read More »

DFDS Closing Loss-Making Route »

DFDS Closing Loss-Making Route

Danish-based DFDS has started consultations with French unions about plans to close the Le Havre-Portsmouth route at the end of 2014, DFDS said on Monday, attributing the decision to continued losses. The route is part of DFDS’ business unit France & Mediterranean.The route carried 185,000 passengers and...

Sep 17 2014 / Comments Off / Read More »

BFC Adds Bunker Tanker for Azov-Black Sea Basin »

BFC Adds Bunker Tanker for Azov-Black Sea Basin

Baltic Fuel Company (BFC) has acquired a conventional tanker for performing of bunkering operations in the ports of the Azov – Black Sea Basin.  On September 15, 2014, the tanker arrived at port Kavkaz for customs clearance, flag changing ceremony and registration with the Russian...

Sep 17 2014 / Comments Off / Read More »

DP World, HPH Jointly Tackle Global Warming »

DP World, HPH Jointly Tackle Global Warming

An estimated 11.2 billion tonnes of solid waste is collected worldwide every year and its degeneration contributes to about five per cent of global greenhouse gas (GHG) emissions. DP World and Hutchison Port Holdings Limited (HPH) have joined forces to combat global warming in a Waste...

Sep 17 2014 / Comments Off / Read More »

Global Ports Streamlining to Profit »

Global Ports Streamlining to Profit

Strong interim results for the period ending June 30, 2014 posted by Global Ports Investments PLC are believed to be the result of improved efficiency of the enlarged operation following the acquisition of NCC Group at the end of 2013. The company believes that the benefits of...

Sep 17 2014 / Comments Off / Read More »

Serene Name for Smooth Sailing »

Serene Name for Smooth Sailing

Nagasaki Shipyard & Machinery Works of Mitsubishi Heavy Industries Ltd. organised a naming ceremony for a new LNG vessel ordered by Nippon Yusen Kabushiki Kaisha (NYK). Toshihiro Sano, executive vice president of Tokyo Electric Power Company (TEPCO), named the ship Pacific Arcadia, and his wife...

Sep 17 2014 / Comments Off / Read More »

Capital Puts Tankers to Work »

Capital Puts Tankers to Work

Capital Product Partners L.P. has secured one+one year charter employment for three of its Chemical/Product Tankers : M/T Avax, M/T Agisilaos and M/T Alkiviadis. The 36,760 dwt Alkiviadis has been chartered by CSSA S.A., a fully owned subsidiary of Total S.A., for one year (+/- 30 days) at...

Sep 17 2014 / Comments Off / Read More »

Volumes Sliding at Long Beach Port »

Volumes Sliding at Long Beach Port

Container cargo shipments declined by 9.1 percent in August at the Port of Long Beach, reflecting both early shipping by importers this year and the comparison to an August last year that was the Port’s busiest month since 2007. A total of 573,083 TEUs (twenty-foot...

Sep 16 2014 / Comments Off / Read More »

Triyards’ Liftboat Orderbook Filling Up »

Triyards’ Liftboat Orderbook Filling Up

Triyards Holdings Limited, an offshore vessel fabrication and engineering solutions provider to the oil and gas (O&G) industry, has added another liftboat contract worth USD 50.5 million to its orderbook, the company announced in a release. The order for the new unit comes soon after TRIYARDS’ two...

Sep 16 2014 / Comments Off / Read More »

 

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Image of the Day: Pacific Gannet in Party Attire »

Image of the Day: Pacific Gannet in Party AttireShipowner and operator Swire Pacific Offshore (SPO), celebrated the Naming of Pacific Gannet, its First of ten IMT984 G Class Platform Supply Vessels (PSV) in...

Sep 17 2014 / Comments Off / Read More »

Infograph: Tanker Sizes 101 »

Infograph: Tanker Sizes 101The global crude oil and refined product tanker fleet uses a classification system to standardize contract terms, establish shipping costs, and determine the ability of...

Sep 17 2014 / Comments Off / Read More »

Brightest STAR in Yachting Sky »

Brightest STAR in Yachting SkyLobanov Design and BMT Nigel Gee have presented an avant-garde yacht design named Project STAR. Measuring 132m in length and over 60m in height, STAR’s technical...

Sep 16 2014 / Comments Off / Read More »
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