Top Stories Odfjell Completes LPG/Ethylene Joint Venture Agreement

Odfjell Completes LPG/Ethylene Joint Venture Agreement »

Odfjell SE has finalised forming of an LPG/Ethylene shipping joint venture with Breakwater Capital and Oak Hill Advisors, L.P., first announced on May 16, 2014. In accordance with the joint venture agreement, Breakwater Capital and...

October 1 2014 / Comments Off / Read More »
VIDEO: Dover Gets Green Light for Major Investment

VIDEO: Dover Gets Green Light for Major Investment »

Dover Harbour Board has agreed to move forward on the first substantial phase of works to transform the Port of Dover through its Dover Western Docks Revival project. In what is a major part of...

October 1 2014 / Comments Off / Read More »
New VLCC Joint Venture on Horizon

New VLCC Joint Venture on Horizon »

Frontline Management (Bermuda) Ltd., and Cyprus-based Tankers International LLC (TI) have started a new company named VLCC Chartering Ltd., pooling together their respective VLCC fleets in an effort to enhance flexibility and provide cargo owners with more options....

October 1 2014 / Comments Off / Read More »
Ports of Tacoma and Seattle Major Breadwinners

Ports of Tacoma and Seattle Major Breadwinners »

Marine cargo operations at the U.S. ports of Seattle and Tacoma supported more than 48,000 jobs in 2013, which generated nearly USD 4.3 billion in economic activity, according to a study commissioned jointly by the two...

October 1 2014 / Comments Off / Read More »
Russian, Crimean Ports Given International Status

Russian, Crimean Ports Given International Status »

Russian Prime Minister Dmitry Medvedev has signed a Decree which confirms the international status of all Russian ports, including those residing in the territory of the Republic of Crimea. Medvedev said that now border and customs...

October 1 2014 / Comments Off / Read More »
ZIM Shanghai Unloads in Long Beach

ZIM Shanghai Unloads in Long Beach »

Israeli-owned containership Zim Shanghai has unloaded its cargo at the Port of Long Beach in Los Angeles, having been reverted from the Port of Oakland by pro-Palestinian protesters. The unloaded Oakland cargo in Los Angeles will most...

October 1 2014 / Comments Off / Read More »
UASC: Shipping Alliances Will Stifle Smaller Operators

UASC: Shipping Alliances Will Stifle Smaller Operators »

John Hinge, President and CEO of United Arab Shipping Co. (UASC) believes shipping alliances will help the box markets on what he called ”a slow journey to recovery,” stabilising the freight rates along the way,...

October 1 2014 / Comments Off / Read More »
Converto Sticks with Shipping

Converto Sticks with Shipping »

 Norway’s Converto Capital Fund, in which Aker ASA holds 99.8 per cent of the invested capital, has decided to remain in the shipping business and scrap the idea of an exit from American Shipping Company ASA...

October 1 2014 / Comments Off / Read More »
Headlines

Pan Ocean Up for Grabs »

Pan Ocean Up for Grabs

South Korea-based bulk shipper Pan Ocean Co Ltd, formerly STX Pan Ocean, has been put up for auction, Reuters reports citing a sales notice from...

Oct 1 2014 / Comments Off / Read More »

Five VLCCs for CMES »

Five VLCCs for CMES

China Merchants Energy Shipping (CMES) has placed orders for construction of four Very Large Crude Carriers (VLCCs) with two Chinese shipbuilders worth a total of USD...

Oct 1 2014 / Comments Off / Read More »

China Awards Subsidies for Scrapping Old Ships »

China Awards Subsidies for Scrapping Old Ships

Four Chinese shipping companies have received subsidies from the Chinese government worth a total of USD 293.3 million for retiring old ships and upgrading...

Oct 1 2014 / Comments Off / Read More »

Samsung Heavy Venturing Overseas »

Samsung Heavy Venturing Overseas

South Korea’s Samsung Heavy Industries Co. (SHI) has revealed plans to spread overseas by establishing the first facility abroad in an effort to revive production...

Sep 30 2014 / Comments Off / Read More »

VIDEO: Clash of the Giants »

VIDEO: Clash of the Giants

Hapag-Lloyd’s vessel Colombo Express collided on Monday morning, September 29th with containership Maersk Tanjong while entering the Suez Canal at Port Said. “According to preliminary findings, there...

Sep 30 2014 / Comments Off / Read More »

Mitsui Hires Five Ships for Exporting Cameron LNG »

Mitsui Hires Five Ships for Exporting Cameron LNG

Japanese-based trading house Mitsui & Co. said it was pushing forward with the procurement of eight LNG ships to be used for the delivery...

Sep 29 2014 / Comments Off / Read More »

Readers’ Picks of the Week (Sep 22-28, 2014) »

Readers’ Picks of the Week (Sep 22-28, 2014)

Radioactive SUV Found Aboard Carrier in Vladivostok Customs officials at the Russian port of Vladivostok held up the Malacca Highway, a Panama-flagged Ro-Ro car...

Sep 28 2014 / Comments Off / Read More »

Update: Vale, Cosco Ink Iron Ore Shipping Deal »

Update: Vale, Cosco Ink Iron Ore Shipping Deal

Vale S.A. (Vale) and China Merchants Group signed in Beijing on September 26 a contract by which Vale will lease  ten very large ore carriers...

Sep 26 2014 / Comments Off / Read More »

CHEC to Build Ashdod Port »

CHEC to Build Ashdod Port

China Harbour Engineering Company (CHEC) has been chosen to build a new port in Ashdod, The Times of Israel reports. Israeli Prime Minister Benjamin...

Sep 26 2014 / Comments Off / Read More »

Scorpio Tankers Forges Ahead with Fleet Expansion »

Scorpio Tankers Forges Ahead with Fleet Expansion

Monaco-based tanker owner Scorpio Tankers Inc has taken delivery of four newbuilding vessels and agreed to time charter-in an LR2 product tanker that is...

Sep 26 2014 / Comments Off / Read More »




Also in the news

Becker’s LNG Hybrid Barge Expected in Hamburg This Weekend »

Becker’s LNG Hybrid Barge Expected in Hamburg This Weekend

Becker Marine Systems is expecting the first LNG Hybrid Barge to arrive at the Port  of Hamburg this weekend. “If all goes well and the weather remains stable, the LNG Hybrid Barge should be arriving at its future home port of Hamburg on 4th or...

Oct 1 2014 / Comments Off / Read More »

JES Removed from China’s White List »

JES Removed from China’s White List

Chinese shipbulder Jiangsu New East Marine Equipment Co has been removed from the official White List of shipbuilders issued by China’s Ministry of Industry and Information Technology (MIIT). The list has been reduced now to 50 shipyards from previous 51. The Ministry did not disclose the reason behind...

Oct 1 2014 / Comments Off / Read More »

MOL Merges Companies »

MOL Merges Companies

Mitsui O.S.K. Lines, Ltd. merged MOL Marine Consulting, Ltd. (MOLMC) and MOL Cable Ship Ltd., on October 1, 2014. The new company, called MOL Marine Co., Ltd., will continue to develop the businesses pioneered by its two predecessors. MOL says that the merger will integrate both companies’...

Oct 1 2014 / Comments Off / Read More »

Swissco Doubles Rig Fleet »

Swissco Doubles Rig Fleet

Singapore-headquartered Swissco Holdings Limited has completed the acquisition of four additional mobile offshore drilling units, bringing its fleet of rigs to eight. As World Maritime News previously reported, the rigs have up to two-year contracts worth about USD 94.8 million, and are being deployed in Latin America. Mr. Kelvin...

Oct 1 2014 / Comments Off / Read More »

UK Ministry of Defence Awards £3.2 Billion Contracts »

UK Ministry of Defence Awards £3.2 Billion Contracts

The UK Ministry of Defence has awarded £3.2 billion (USD 5.18bn) of contracts to support the management of the UK’s naval bases. The contracts will also cover the maintenance and repair of the Royal Navy’s warships and submarines. Babcock, which manages Her Majesty’s Naval Bases at...

Oct 1 2014 / Comments Off / Read More »

AMSA Rescues 15 from Burning Vessel »

AMSA Rescues 15 from Burning Vessel

The Australian Maritime Safety Authority (AMSA) reports that fifteen people have been rescued from a burning fishing vessel about 670 km west of Carnarvon, West Australia, Wednesday morning, October 1. AMSA coordinated the rescue after detecting a Taiwanese coded distress beacon from a fishing vessel at...

Oct 1 2014 / Comments Off / Read More »

Louisiana Getting First Natural Gas Liquefaction and Fuelling Facility »

Louisiana Getting First Natural Gas Liquefaction and Fuelling Facility

Tenaska NG Fuels, LLC., and Waller Marine, Inc. have agreed to develop, construct, own and operate Louisiana’s first natural gas liquefaction and fuelling facility along the New Orleans-Baton Rouge Mississippi River corridor with access to the Gulf of Mexico. Tenaska Bayou LNG will provide liquefied...

Oct 1 2014 / Comments Off / Read More »

ClassNK Reveals MOL Comfort Investigation Findings »

ClassNK Reveals MOL Comfort Investigation Findings

ClassNK has revealed report on the investigation of the cause of MOL Comfort’s fire and subsequent sinking from summer 2013. ClassNK established the Investigative Panel on Large Container Ship Safety, comprised of experts from shipbuilders, shipowners and academic institutions, to investigate the possibility of casualty...

Oct 1 2014 / Comments Off / Read More »

JBIC Bankrolls Ultrabulk’s Newbuilding Pair »

JBIC Bankrolls Ultrabulk’s Newbuilding Pair

The Japan Bank for International Cooperation (JBIC) has agreed to finance two Handysize bulk carriers ordered by Ultrabulk Shipping A/S Group, a member company of Chile-based shipholding group Naviera Ultranav Limitada (Ultranav), and operator of the group’s bulk carriers based in Denmark. The USD 37.3...

Oct 1 2014 / Comments Off / Read More »

 

Popular articles

Image of the Day: USS Truxtun Replenishes at Sea »

Image of the Day: USS Truxtun Replenishes at SeaThe U.S. Navy’s Arleigh Burke-class guided-missile destroyer USS Truxtun (DDG 103) conducts a replenishment-at-sea in the Arabian Gulf with the Military Sealift Command fleet replenishment...

Oct 1 2014 / Comments Off / Read More »

Underwater Robots Scanning Ships for Contraband »

Underwater Robots Scanning Ships for ContrabandMIT researchers have at the International Conference on Intelligent Robots and Systems unveiled an oval-shaped submersible robot, a little smaller than a football, with a...

Sep 30 2014 / Comments Off / Read More »

Image of the Day: Britannia Cruise Ship Enters the Water »

Image of the Day: Britannia Cruise Ship Enters the WaterBritannia Cruise ship is currently being built at the Fincantieri shipyard in Italy, and the photo shows her moving out onto the water for the...

Sep 30 2014 / Comments Off / Read More »
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