Top Stories Port of Los Angeles Set for Automation Upgrade

Port of Los Angeles Set for Automation Upgrade »

One of the busiest container ports in the U.S.,  Los Angeles is selling about $340 million of debt, the most since 2009 so as to refinance debt and revamp port facilities, writes Bloomberg citing bond documents. The...

September 2 2014 / Comments Off / Read More »
East-West Shippers Get Some Breathing Space

East-West Shippers Get Some Breathing Space »

Ocean freight rates for cargoes moving under contracts on major East-West routes decreased by 6% between March and July, enabling hard-pressed shippers to reduce their costs, according to the results of Drewry’s Benchmarking Club. The...

September 2 2014 / Comments Off / Read More »
Active Methane Emission at Antarctic Seafloor Confirmed

Active Methane Emission at Antarctic Seafloor Confirmed »

During an expedition with the German research vessel Polarstern off the sub-Antarctic island of South Georgia, an international team of scientists discovered more than 130 active methane seeps at the seafloor, Alfred Wegener Institute (AWI)...

September 2 2014 / Comments Off / Read More »
NOCC Sells Two

NOCC Sells Two »

Norwegian Car Carriers AS (NOCC) has entered into agreements to sell two of its vessels during the second quarter.  The two are “NOCC Caspian”, which was delivered to the new owner in July 2014 and...

September 2 2014 / Comments Off / Read More »
Ebola Outbreak in West Africa Keeping Shippers on Their Toes

Ebola Outbreak in West Africa Keeping Shippers on Their Toes »

African shipping may be hit hard by the Ebola outbreak as shipping agents start to refuse to call at West African ports for security reasons or ask for higher rates to do so. Freight rates for...

September 2 2014 / Comments Off / Read More »
Ro-Ro Ship Runs Aground off Kinsarvik, Norway

Ro-Ro Ship Runs Aground off Kinsarvik, Norway »

The 107- meter long Multi-Purpose/Ro-Ro cargo ship Norrland with 12 crew onboard is reported to have hit a sandy shallow causing the vessel to run aground offshore Kinsarvik, Norway. The Norrland was heading to Boliden Odda from...

September 2 2014 / Comments Off / Read More »
UPDATE 2: Kurdish Crude Tanker Reappears. Still Not Unloaded.

UPDATE 2: Kurdish Crude Tanker Reappears. Still Not Unloaded. »

The tanker United Kalavrvta (formerly SCF BYRRANGA) carrying one million barrels of Kurdish oil, which disappeared from satellite tracking, has reappeared on Monday, however the tanker hasn’t unloaded its cargo, according to Reuters. The ship,...

September 2 2014 / Comments Off / Read More »
Subdued Demand Affects Goldenport Holdings’ Results

Subdued Demand Affects Goldenport Holdings’ Results »

Goldenport Holdings, an international shipping company that owns and operates a fleet of dry bulk and container vessels, posted a net loss of $1.4m for the six months ending June, down from $8.3m. Goldenport said...

September 1 2014 / Comments Off / Read More »
Headlines

Interlink Invests Heavily in Bulker Fleet »

Interlink Invests Heavily in Bulker Fleet

American bulk carrier owner Interlink Maritime is pursuing an aggressive fleet expansion plan comprising up to eighteen bulkers ordered at three Chinese yards. Five  39,000dwt bulker orders...

Sep 1 2014 / Comments Off / Read More »

Thai Tanker Hijacked off Malaysia »

Thai Tanker Hijacked off Malaysia

An armed pirate gang hijacked a Thai tanker off Malaysia’s east coast and siphoned its cargo of oil on Thursday, August 28, the Regional...

Aug 31 2014 / Comments Off / Read More »

Readers’ Picks of the Week (Aug 25-29, 2014) »

Readers’ Picks of the Week (Aug 25-29, 2014)

Plastic Main Propellers Making Debut Plastic Main Propellers Making Debut Japanese classification society ClassNK and Nakashima Propeller Co., Ltd., have installed the world’s first...

Aug 31 2014 / Comments Off / Read More »

Hyundai Mipo Scores Carrier Trio »

Hyundai Mipo Scores Carrier Trio

 Hyundai Mipo Dockyard Co, a subsidiary of South Korean shipbuilding giant Hyundai Heavy Industries, has secured orders for three vessels, two liquefied petroleum gas (LPG) carriers...

Aug 29 2014 / Comments Off / Read More »

Another Lawsuit Fuels Qingdao Port Scandal »

Another Lawsuit Fuels Qingdao Port Scandal

China’s Qingdao port is sinking further under a pile of lawsuit cases over an ongoing metals financing fraud that has resulted in over USD...

Aug 29 2014 / Comments Off / Read More »

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 »




Also in the news

Tasneef Lands Classification Deal »

Tasneef Lands Classification Deal

United Arab Emirates-based classification society Tasneef has signed a contract with Drydocks World to provide the classification and maritime surveying services to the Drydocks World’s fleet comprised of 11 ships. Three ships have already been surveyed (Shindagha-5, Umm Suqeem and Zabeel-4). As for the rest of the fleet, it is...

Sep 2 2014 / Comments Off / Read More »

Van Oord Strengthens SRI Fleet »

Van Oord Strengthens SRI Fleet

Van Oord has ordered a new subsea rock installation vessel. Sinopacific Shipbuilding Group Shanghai will build the vessel at its Ningbo yard in China, with delivery scheduled for 2016. Subsea rock installation is a proven technique for the protection and stabilisation of offshore structures and...

Sep 2 2014 / Comments Off / Read More »

Evelyn Maersk Rescues 352 from Sinking Vessel »

Evelyn Maersk Rescues 352 from Sinking Vessel

The crew of Evelyn Maersk, a container ship en route from Suez to Algeciras, participated on Saturday, August 30, in a search and rescue operation launched in an effort to find a fishing boat sinking off Sicily, carrying hundreds of immigrants on board, Seanews reports. One of the Mediterranean’s RCC centers...

Sep 2 2014 / Comments Off / Read More »

U.S. Navy Helicopter Crashes off Djibouti »

U.S. Navy Helicopter Crashes off Djibouti

A U.S. Marine Corps CH-53E Super Stallion helicopter assigned to the 22nd Marine Expeditionary Unit (MEU) crashed at 2:00 p.m. (GMT), September 1, at sea in the Gulf of Aden as it attempted to land aboard USS Mesa Verde, the U.S. Navy reports. All 25 persons...

Sep 2 2014 / Comments Off / Read More »

Ecoships Showcases Flower-Inspired Bulker Design »

Ecoships Showcases Flower-Inspired Bulker Design

Ecoships, the technical shipmanagement arm of Newport Shipping Group, has introduced a next generation bulk carrier design, developed to set the standard in ecologically compatible marine transportation. Inspired by the low friction to water flow and self-cleaning properties of the lotus flower – a symbol...

Sep 2 2014 / Comments Off / Read More »

USCG Medevacs Woman from Carnival Fantasy »

USCG Medevacs Woman from Carnival Fantasy

A United States Coast Guard (USCG) helicopter crew from Air Station Clearwater, Fla., medically evacuated a 67-year-old woman from the cruise ship Carnival Fantasy 80 miles east of Ponce De Leon Inlet, Fla., Friday evening, the USCG said. Staff aboard the Fantasy requested a Coast...

Sep 2 2014 / Comments Off / Read More »

DNV GL Boasts Strong Interim Results »

DNV GL Boasts Strong Interim Results

The recently formed DNV GL Group recorded solid results for the period of six months ending June 30, 2014. The interim report shows the Group had a strong performance and a proforma revenue growth of 11%. “The first half of this year has been both exciting...

Sep 1 2014 / Comments Off / Read More »

Cruise Industry Professionals to Gather in Barcelona »

Cruise Industry Professionals to Gather in Barcelona

In just a few weeks, cruise industry professionals from around the world will be heading to Barcelona, Spain’s leading cruise port, for the tenth edition of the Seatrade Med Cruise Convention. This year’s event has already achieved a record number of ports, destinations and suppliers...

Sep 1 2014 / Comments Off / Read More »

Baltic Aframax Rates Nosediving »

Baltic Aframax Rates Nosediving

Last week saw a distinct lack of activity for Aframaxes in the Baltic Sea, ultimately ending with a sharp downturn in Baltic-UK Continent 100,000 mt rates, Platts reports. Platts says that the rates on the route plunged Worldscale 25 to be assessed at w65 Friday, which equates...

Sep 1 2014 / Comments Off / Read More »

 

Popular articles

VIDEO: Behind the Scenes at Panama Canal »

VIDEO: Behind the Scenes at Panama CanalHave you ever wondered what is going on behind the scenes at the Panama Canal? This 60 seconds Bosch World Experience video will take you...

Sep 2 2014 / Comments Off / Read More »

Image of the Day: Rowan Viking in All Its Glory »

Image of the Day: Rowan Viking in All Its GloryThe image shows the drilling rig Rowan Viking standing tall in all its glory. The rig is fresh from a recently completed electrical installation, which...

Sep 2 2014 / Comments Off / Read More »

Image of the Day: Clubbing in the Moonlight »

Image of the Day: Clubbing in the MoonlightA new nighttime experience will debut on Regal Princess in November, enabling guests to enjoy an outdoor nightclub under the stars. The new nightclub, Night Sky...

Sep 1 2014 / Comments Off / Read More »
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