Top Stories Spiking LPG Demand Fuelling VLGC Orders

Spiking LPG Demand Fuelling VLGC Orders »

A sharp rise in LPG shipping demand, particularly out of the US, is driving an ordering frenzy for very large gas carriers (VLGCs) which will increase the size of the LPG shipping fleet by over...

August 29 2014 / Comments Off / Read More »
Construction of Caribbean FLNG on Course

Construction of Caribbean FLNG on Course »

Antwerp-based LNG and LPG owner and operator Exmar said that the construction of the world’s first floating liquefaction unit Caribbean FLNG at Wison Heavy Industry’s shipyard in Nantong, China is progressing as planned. Start of operations...

August 29 2014 / Comments Off / Read More »
UPDATE: Operation at Long Beach Cargo Terminals Back on Track

UPDATE: Operation at Long Beach Cargo Terminals Back on Track »

The Port of Long Beach resumed full cargo-handling operations on Thursday, Aug. 28, after a lessening of storm surges from Hurricane Marie that had battered south-facing piers and interrupted the loading and unloading of four...

August 29 2014 / Comments Off / Read More »
Dry Bulk Shipping Earnings Set for Comeback

Dry Bulk Shipping Earnings Set for Comeback »

Despite weak freight rates so far this year, dry bulk shipping earnings are forecast to recover as demand for both major and minor bulk commodities rises, according to the Dry Bulk Forecaster report published by...

August 28 2014 / Comments Off / Read More »
Western Australia Selling Terminals to Cut Debts

Western Australia Selling Terminals to Cut Debts »

The Western Australia’s State Government will among other assets sell port handling facilities in Port Hedland and Kwinana in the first round of asset sales to reduce the state’s debt levels. Announcing the projects listed...

August 28 2014 / Comments Off / Read More »
Northwestern Passage to Open by Early September

Northwestern Passage to Open by Early September »

Large areas of sea ice still remain in the Northwestern Passage along the Canadian coast. However, based on analysis of satellite images by the Global Ice Center (GIC), ice experts at Japan-based Weathernews predict this...

August 28 2014 / Comments Off / Read More »
Atlantic Handysize Dry Market Taking an Upward Curve

Atlantic Handysize Dry Market Taking an Upward Curve »

Front-haul rates for handysize fleet are increasing in the US Gulf as more grain stems come onto the market and the tonnage list is thin, Platts writes citing unnamed shipping sources. A 58,000 dwt vessel...

August 28 2014 / Comments Off / Read More »
Bigger Ships Needed for US Ethane Boom

Bigger Ships Needed for US Ethane Boom »

Lloyd’s Register has issued a report entitled Seaborne Ethane: a Report into the Commercial Need and Technical Requirements for Very Large Ethane Carriers that looks at the commercial landscape, regulatory issues and technical realities of...

August 28 2014 / Comments Off / Read More »
Headlines

KKR, Borealis Hustle Nine Container Ships »

KKR, Borealis Hustle Nine Container Ships

The joint venture between KKR Special Situations Group of Kohlberg Kravis Roberts & Co. L.P. (USA) and Borealis Maritime Ltd. (UK) has signed an agreement...

Aug 27 2014 / Comments Off / Read More »

Interview: Switch to Gas Needs Speeding Up »

Interview: Switch to Gas Needs Speeding Up

Maritime transport is moving towards the use of gas as a prime source of energy for propulsion and power generation on board ships. As...

Aug 27 2014 / Comments Off / Read More »

Scorpio Bulkers in Sextet Deal »

Scorpio Bulkers in Sextet Deal

Monaco-based bulk shipper Scorpio Bulkers has ordered six 82,000dwt Kamsarmaxes from Chinese shipbuilder Shanghai Shipyard, the Chinese media report. Under the deal, the vessels...

Aug 26 2014 / Comments Off / Read More »

KPC to Double Crude Export to China »

KPC to Double Crude Export to China

Kuwait Petroleum Corporation (KPC) has signed a historic deal with China’s Unipec which will see almost doubling of KPC’s shipments of crude to China....

Aug 25 2014 / Comments Off / Read More »

Readers’ Picks of the Week (Aug 18 – 24, 2014) »

Readers’ Picks of the Week (Aug 18 – 24, 2014)

Strike at Ningbo Port Turns Violent A massive strike by as many as 10,000 truck drivers at Ningbo’s Beilun Container Port erupted into violence...

Aug 24 2014 / Comments Off / Read More »

Zengzhou Shipbuilding Bags Five »

Zengzhou Shipbuilding Bags Five

U.S.-based Marine Capital has placed an order for five 33,200dwt handysize bulkers with the Chinese shipbuilder Zhejiang Zengzhou Shipbuilding. The value of the contract...

Aug 21 2014 / Comments Off / Read More »

Navibulgar Goes Green »

Navibulgar Goes Green

Bulgarian shipowner Navibulgar is going to rejuvenate its fleet with four eco-friendly size bulk carriers built to the Bluetech 42 design developed by Foreship...

Aug 20 2014 / Comments Off / Read More »

Interview: Liverpool2 Going Full Steam Ahead »

Interview: Liverpool2 Going Full Steam Ahead

The United Kingdom-based Peel Group launched an unprecedented Ocean Gateway Project in 2008, announcing more than 50 projects over 50 years with £50 billion...

Aug 20 2014 / Comments Off / Read More »

Star Bulk on Vessel Shopping Spree »

Star Bulk on Vessel Shopping Spree

Star Bulk Carriers Corp. announced today that it has entered into definitive agreements with Excel Maritime Carriers Ltd.  to acquire 34 operating vessels for...

Aug 19 2014 / Comments Off / Read More »

Honghua Offshore Ropes In Massive Contracts »

Honghua Offshore Ropes In Massive Contracts

Hong Kong-listed Honghua Group has disclosed that its wholly owned subsidiary Honghua Offshore Oil & Gas Equipment  (Honghua Offshore) entered into an agreement with South...

Aug 18 2014 / Comments Off / Read More »




Also in the news

CMHC Will Not Rest on Their Laurels »

CMHC Will Not Rest on Their Laurels

The 2014 is shaping up to be a good year for China Merchants Holdings (International) Company Limited, if their interim results for the period ended June 30, 2014 are anything to go by. The latest results reveal an increase in volumes across the board, but the...

Aug 29 2014 / Comments Off / Read More »

Panama Canal Hosting 2nd International Maintenance Congress »

Panama Canal Hosting 2nd International Maintenance Congress

The Panama Canal Authority (ACP) has opened the Second International Maintenance Congress with the participation of 26 international and six local experts to promote reliability and sustainability in business practices, based on a maintenance culture. “Maintenance has been fundamental for the Canal to operate as...

Aug 28 2014 / Comments Off / Read More »

Skangass Cleared for New LNG Terminal »

Skangass Cleared for New LNG Terminal

The Swedish Government has granted Skangass permission to build and operate a new Terminal for LNG (Liquefied Natural Gas) within the harbour in Gävle, Sweden, the company said. Skangass aims at starting the construction work during 2015. The permission is given for a storing capacity...

Aug 28 2014 / Comments Off / Read More »

Port Metro Vancouver’s Volumes Strong despite Disruptions »

Port Metro Vancouver’s Volumes Strong despite Disruptions

Canada’s largest port, Port Metro Vancouver, has concluded the first half of 2014 on a positive note, with their mid-year report showing a 3.6 per cent growth in overall tonnage compared to the same period last year, handling more than 69 million tonnes of cargo...

Aug 28 2014 / Comments Off / Read More »

Major Drug Bust for USCG Cutter Tampa »

Major Drug Bust for USCG Cutter Tampa

The crew of the US Coast Guard Cutter Tampa successfully interdicted more than 970 kilograms of cocaine from a 226-foot Panamanian-flagged freighter in international waters in the Caribbean Sea Aug. 10. The Tampa was on patrol in support of migrant and drug interdiction operations in...

Aug 28 2014 / Comments Off / Read More »

Wärtsilä to Look After Harvey Gulf’s Newbuilds »

Wärtsilä to Look After Harvey Gulf’s Newbuilds

Wärtsilä has signed a long-term Technical Management Agreement with Harvey Gulf International Marine LLC. This five-year agreement covers Condition Based Maintenance and Dynamic Maintenance Planning for eight new offshore supply and multi-purpose support vessels – six liquefied natural gas (LNG) fuelled platform supply vessels and...

Aug 28 2014 / Comments Off / Read More »

Fijian Police Drops YouTube Shooting Video Investigation »

Fijian Police Drops YouTube Shooting Video Investigation

The Fiji Police Force has confirmed that the case in relation to a YouTube video revealing the graphic shooting of five seamen is now closed. Fiji Police Commissioner Ben Groenewald said it had been established that the video was shot outside of Fiji waters and...

Aug 28 2014 / Comments Off / Read More »

Cetacea Runs Aground »

Cetacea Runs Aground

The U.S. Coast Guard is currently monitoring the Cetacea whale-watching ferry that ran aground in Lynn Harbor, Massachusetts at 8:20 p.m., August 27. When the ferry ran aground about a quarter of a mile from the pier, Coast Guard crews from Station Point Allerton launched a...

Aug 28 2014 / Comments Off / Read More »

UPDATE: Fire-Stricken Pine Galaxy Towed to San Francisco »

UPDATE: Fire-Stricken Pine Galaxy Towed to San Francisco

The disabled mixed-products tanker Pine Galaxy arrived in San Francisco for repairs Wednesday, the U.S. Coast Guard said. Commercial tugs towed the ship safely into the Port of San Francisco with an escort by the Coast Guard Cutter Pike and the crew of a Coast...

Aug 28 2014 / Comments Off / Read More »

 

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Image of the Day: CMA CGM Matisse Sailing past Sydney Opera House »

Image of the Day: CMA CGM Matisse Sailing past Sydney Opera HouseThis photo has been taken during the CMA CGM Matisse’s approach near the famous Sydney Opera House. CMA CGM Matisse is 195.6- long container ship,...

Aug 28 2014 / Comments Off / Read More »

VIDEO: Sneak Peek at Edit Maersk’s Daily Operations »

VIDEO: Sneak Peek at Edit Maersk’s Daily OperationsWhat is it like to be a crewman onboard a container ship? This video gives you a taste of life aboard Maersk’s container ship Edith...

Aug 28 2014 / Comments Off / Read More »

VIDEO: Aasta Hansteen Breaks Ground »

VIDEO: Aasta Hansteen Breaks GroundAasta Hansteen and Polarled are moving the boundaries for technology, deep waters and ripple effects on the Norwegian continental shelf (NCS). “Aasta Hansteen is one...

Aug 27 2014 / Comments Off / Read More »
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