Top Stories 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 »
DP World’s Newly Added Capacity Bearing Fruit

DP World’s Newly Added Capacity Bearing Fruit »

Global marine terminal operator DP World has recorded strong financial results from its global portfolio of marine terminals for the six months to 30 June 2014, delivering profit attributable to owners of the company before...

August 28 2014 / Comments Off / Read More »
Drillers to Favor Buying over Building?

Drillers to Favor Buying over Building? »

The cyclical downturn in the offshore oil and gas-drilling market may provide an opportunity for drillers with financial flexibility to buy high-yield peers at favorable prices, rating agency Fitch Ratings said. In this environment, master...

August 28 2014 / Comments Off / Read More »
Deadliest Week in Mediterranean

Deadliest Week in Mediterranean »

More than 300 people died while trying to make irregular sea crossings from North Africa to Europe in the past week, bringing the death toll this year from sinking vesels on the Mediterranean to almost...

August 27 2014 / Comments Off / Read More »
Much Bigger Fleet for LNG Shipping Needed in the Long Term

Much Bigger Fleet for LNG Shipping Needed in the Long Term »

Continuing weak demand and excess tonnage are expected to depress LNG shipping earnings in the near term. But longer term the sector could face vessel shortages as ordering slows and liquefaction projects come on stream, according...

August 27 2014 / Comments Off / Read More »
India’s Shipping Logistics Costly and Inefficient

India’s Shipping Logistics Costly and Inefficient »

India may sequence its agreeing to the WTO Trade Facilitation Agreement depending on its strategic interests, but the country must improve on its own cross-border highly under-performing trade logistics resulting in shipping cost of export...

August 27 2014 / Comments Off / Read More »
Soaring Container Volumes at Ports of Stockholm

Soaring Container Volumes at Ports of Stockholm »

Following the record 37 percent increase last year, container freight is continuing to climb steeply at the Swedish Ports of Stokholm, according to the latest figures. “Customers want their goods to be transported by sea,...

August 27 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

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 »

Mojo Maritime’s HF4 Stands Firm in Worst Case Scenarios »

Mojo Maritime’s HF4 Stands Firm in Worst Case Scenarios

Mojo Maritime’s HF4 has demonstrated stunning DP (Dynamic Positioning) performance and manoeuvring characteristics based on results of simulations recently undertaken, the company said in a release. Mojo Maritime has concluded the design of the advanced DP system in collaboration with GE and Voith Turbo and...

Aug 27 2014 / Comments Off / Read More »

Can Malaysia Topple Qatar from LNG Top Spot? »

Can Malaysia Topple Qatar from LNG Top Spot?

By 2020, Malaysia has the potential to be the largest supplier of flexible LNG to the global market, larger even than Qatar, UK-based consultancy group Wood Mackenzie asserts. The supply capacity of Malaysia’s PETRONAS is growing through new capacity additions in eastern Malaysia as well...

Aug 27 2014 / Comments Off / Read More »

Investigation into Stena Clyde Deaths Kept in the Dark »

Investigation into Stena Clyde Deaths Kept in the Dark

Today marks two years since the deaths of two workers on the Stena Clyde oil rig in the Bass Strait off the coast of Victoria and still no action has been taken over long-standing safety concerns, Maritime Union of Australia (MUA) said. Australian unions are...

Aug 27 2014 / Comments Off / Read More »

USCG Fires on Iranian Boat in Arabian Gulf »

USCG Fires on Iranian Boat in Arabian Gulf

A U.S. Coast Guard vessel operating in international waters in the Arabian Gulf fired on an Iranian dhow in what U.S. military officials described as a defensive move after the crew of the Iranian vessel trained a machine gun on the Americans with hostile intent,...

Aug 27 2014 / Comments Off / Read More »

Stena Trusts MacGregor »

Stena Trusts MacGregor

MacGregor, part of Cargotec, has received a contract from Stena North Sea Ltd to convert the 29,800gt RoPax ferry Dieppe Seaways to optimise it for its new route between Dublin and Holyhead in Ireland. MacGregor’s RoRo conversion team is no stranger to the vessel, which...

Aug 27 2014 / Comments Off / Read More »

SBI Offshore Hammering Out Five Rigs Deal »

SBI Offshore Hammering Out Five Rigs Deal

A Middle-East Chinese Consortium has expressed interest in ordering up to five offshore rig units from Singapore-listed SBI Offshore Limited. The rigs would meet the American Bureau of Shipping Classification requirements for operating in water depths of up to 110 meters. SBI has already started negotiations with the...

Aug 27 2014 / Comments Off / Read More »

DNV GL Showcases Interactive Arctic Risk Map »

DNV GL Showcases Interactive Arctic Risk Map

DNV GL has developed an interactive Arctic Risk Map to present the risks associated with offshore and maritime activities in the Arctic. The map aims to provide the industry with a comprehensive tool for decision-making and transparent communications. “The Arctic is not a monolithic area and the...

Aug 27 2014 / Comments Off / Read More »

 

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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...

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