Top Stories Extra Tonnage in Demand

Extra Tonnage in Demand »

Extra tonnage seems to be in demand pulling containerships from their idleness and bringing the idle fleet levels to a record low this week.   According to the latest figures from Lloyd’s List Intelligence,  the...

July 25 2014 / Comments Off / Read More »
Ardmore Secures Cash for Its Fleet Additions

Ardmore Secures Cash for Its Fleet Additions »

Chemical tanker operator Ardmore Shipping Corporation announced that it has signed agreements to upsize its existing senior loan facility with ABN AMRO Bank N.V., Nordea Bank Finland Plc, and Skandinaviska Enskilda Banken AB.   The...

July 25 2014 / Comments Off / Read More »
JES Blacklisted

JES Blacklisted »

The Supreme People’s Court of China has blacklisted Jiangsu Eastern Heavy Industry (JEHI), a subsidiary of Singapore-listed JES International for failing to settle its debt obligations.   JEHI has yet to pay up RMB15m (USD 2.4m) stemming from 5 separate...

July 25 2014 / Comments Off / Read More »
Taizhou Sanfu Bags Two Tanker Orders

Taizhou Sanfu Bags Two Tanker Orders »

A Singaporean owner has placed an order for two 34,500 dwt chemical tankers with Chinese shipbuilder Taizhou Sanfu Shipbuilding, the builder announced.   The ships will feature a length of about 180m, breadth of 30...

July 25 2014 / Comments Off / Read More »
Sewol Owner’s Cause of Death a Mistery

Sewol Owner’s Cause of Death a Mistery »

The South Korean state forensic agency has reported that it was impossible to determine the cause of death of Yoo Byung-eun, the fugitive shipping tycoon allegedly responsible for April’s Sewol ferry disaster, due to the state of...

July 25 2014 / Comments Off / Read More »
Royal Caribbean’s Overall Business Solid

Royal Caribbean’s Overall Business Solid »

Royal Caribbean Cruises Ltd. reported that yields for the second quarter were up double digits in Europe and China offsetting the Caribbean’s softness.   As explained by the company, “this was at the high end...

July 25 2014 / Comments Off / Read More »
Siphoning Incidents Nothing New?

Siphoning Incidents Nothing New? »

The trend of incidents involving siphoning of fuel/oil from product and oil tankers at sea is not new. Statistics for Jan-Jul of 2014 reveal that the occurrence of such incidents took place more frequently compared...

July 25 2014 / Comments Off / Read More »
Nigeria Boosts Safety in Its Waters

Nigeria Boosts Safety in Its Waters »

The Nigerian Maritime Administration and Safety Agency (NIMASA) has assured stakeholders in the maritime sector of safety on Nigeria’s waterways with the take-off of its 24-hour Satellite Surveillance Centre in Lagos, which will help curb...

July 25 2014 / Comments Off / Read More »
Headlines

Capital Product Orders Big »

Capital Product Orders Big

Capital Product Partners L.P. has entered into a Master Vessel Acquisition Agreement with its sponsor Capital Maritime for three newbuild Daewoo 9,160 TEU eco-flex containerships...

Jul 25 2014 / Comments Off / Read More »

Update: Slowly but Surely Concordia Convoy Pushes Ahead »

Update: Slowly but Surely Concordia Convoy Pushes Ahead

After approximately 30 hours of navigation, the Concordia has travelled for 63 nautical miles at an average speed of 2 knots. At the moment,...

Jul 25 2014 / Comments Off / Read More »

Ten Jack-Ups for East Sunrise »

Ten Jack-Ups for East Sunrise

Hong Kong-based East Sunrise Group revealed that it has ordered ten jack-up platforms from China Shipbuilding Industry Corporation (CSIC).   The newbuilds, worth around...

Jul 23 2014 / Comments Off / Read More »

Update 1: And the Tow Begins »

Update 1:  And the Tow Begins

The departure of Costa Concordia has begun and the wreck is being towed to Genoa at two knots. The four day journey began at...

Jul 23 2014 / Comments Off / Read More »

Ordering Frenzy at COSCO Shipyards »

Ordering Frenzy at COSCO Shipyards

Singapore based COSCO Corporation Limited  has through its subsidiaries secured contracts valued at approximately USD 300 million to build one accommodation barge and seven bulk...

Jul 22 2014 / Comments Off / Read More »

Ocean Yield Orders Ethylene Carrier Trio »

Ocean Yield Orders Ethylene Carrier Trio

Ocean Yield ASA, the Oslo-based shipowner, has placed orders for three LEGCs (Liquefied Ethylene Gas Carriers) of 36,000 cbm capacity, to be built at...

Jul 22 2014 / Comments Off / Read More »

Video: Costa Concordia’s Final Voyage Set for Wednesday »

Video: Costa Concordia’s Final Voyage Set for Wednesday

The long-awaited removal of the Costa Concordia wreck from Giglio Island will have to wait for yet another day as the final date has...

Jul 22 2014 / Comments Off / Read More »

Interview: Find and Be Found with Shippingcluster »

Interview: Find and Be Found with Shippingcluster

The shipping industry has been sailing on some rough tides and is still facing challenging times ahead as the industry players gear up for...

Jul 21 2014 / Comments Off / Read More »

Readers’ Pick of the Week (July 14-18, 2014) »

Readers’ Pick of the Week (July 14-18, 2014)

VIDEO: Float-On and Transport of Costa Concordia Onboard Dockwise Vanguard Following the successful parbuckling of Costa Concordia, and in anticipation of the pending refloat,...

Jul 20 2014 / Comments Off / Read More »

UPDATE: Concordia Lifted for Another Meter »

UPDATE: Concordia Lifted for Another Meter

With the lowering of the starboard sponson S12, yesterday evening, the Concordia has emerged for an additional meter reaching an average refloating of 4...

Jul 18 2014 / Comments Off / Read More »




Also in the news

Malacca Strait Claims New Lives »

Malacca Strait Claims New Lives

Three people died, with eight still missing, when an overcrowded boat carrying Indonesian migrant workers heading home for the coming Eid-ul Fitr, sank in the Malacca Strait off southern Malaysia, the Malaysian Insider reports.   Malaysian Maritime Enforcement Agency managed to save ten passengers from the capsized...

Jul 25 2014 / Comments Off / Read More »

ACM-Braemar Merger Moves Ahead »

ACM-Braemar Merger Moves Ahead

ACM Shipping Group (ACM) announced that at a hearing held on Wednseday, the High Court of Justice in England and Wales sanctioned the scheme for a recommended merger pursuant to which Braemar will acquire the entire issued and to be issued ordinary share capital of...

Jul 25 2014 / Comments Off / Read More »

USCG Back at Bollinger for More »

USCG Back at Bollinger for More

The U. S. Coast Guard has awarded a USD 255 million contract option to Bollinger Shipyards of Lockport, La. for the production of six more Sentinel-class Fast Response Cutters (FRCs).   This option award brings the total number of FRCs under contract with Bollinger to 30,...

Jul 25 2014 / Comments Off / Read More »

Port Hedland Deckhands Back Industrial Action »

Port Hedland Deckhands Back Industrial Action

Deckhands in Port Hedland have voted to take industrial action, after failing to negotiate a new Enterprise Bargaining Agreement with tugboat operator Teekay Shipping.   In a secret ballot conducted by the Australian Electoral Commission, 98% of Maritime Union of Australia members voted to take...

Jul 25 2014 / Comments Off / Read More »

Crowley First to Order Mitsui’s ME-GI Engines »

Crowley First to Order Mitsui’s ME-GI Engines

Mitsui Engineering & Shipbuilding Co., Ltd.  has received the first order for electronically controlled gas injection diesel engine (ME-GI) from Crowley Maritime Corporation.   MAN B&W 8S70ME-C8.2-GI will be installed on 2 x 2,400 TEU + 400 vehicles ConRo ships to be built by VT Halter Marine...

Jul 25 2014 / Comments Off / Read More »

Christening of LNG Hybrid Barge Set for SMM »

Christening of LNG Hybrid Barge Set for SMM

Visitors of this year’s SMM trade fair in Hamburg will be given a special treat, as an LNG Hybrid Barge is scheduled to be christened during the fair, Hamburg-based Becker Marine Systems announced.   “We have developed special drive systems for this and are happy...

Jul 25 2014 / Comments Off / Read More »

Fleet Clear-Out at Frontline »

Fleet Clear-Out at Frontline

Frontline Ltd. has agreed with Ship Finance International Limited to terminate the long term charter parties for the 1999 built VLCCs Front Opalia, Front Comanche and Front Commerce. Ship Finance has simultaneously sold the vessels to unrelated third parties.   The charter parties are expected...

Jul 24 2014 / Comments Off / Read More »

Van Ord Boasts Order Intake »

Van Ord Boasts Order Intake

Van Oord has won two orders in Brazil and the Bahamas, worth a combined worth EUR 100 million ( USD 134.6 million).   The activities involve dredging work for the construction of a new shipyard in Aracruz, Brazil. The client is Estaleiro Jurong Aracruz (EJA),...

Jul 24 2014 / Comments Off / Read More »

Singapore Sees New Eco Partnership »

Singapore Sees New Eco Partnership

American Bureau of Shipping (ABS), a provider of global marine and offshore classification services, and the Maritime and Port Authority of Singapore (MPA) signed a memorandum of understanding (MOU) today to promote maritime research and development (R&D) and innovation.   Over the next five years,...

Jul 24 2014 / Comments Off / Read More »

 

Popular articles

VIDEO: Conversion of Stanislav Yudin »

VIDEO: Conversion of Stanislav YudinIn November 2013, Damen’s Shiprepair & Conversion facility in Rotterdam began work on a major refit of the Stanislav Yudin, a 24,800 tonne heavy crane...

Jul 25 2014 / Comments Off / Read More »

Cargo Cruises aboard Giants of the Seas »

Cargo Cruises aboard Giants of the SeasCMA CGM Group is now offering genuine cruises aboard its biggest vessels, the new 16,020 TEUs container ships, such as the Marco Polo or the...

Jul 24 2014 / Comments Off / Read More »

VIDEO: Costa Concordia under Tow »

VIDEO: Costa Concordia under TowThe final voyage of the ill-fated wreck of Costa Concordia has kicked off and the wreck is being moved at the walking speed toward its...

Jul 24 2014 / Comments Off / Read More »
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