Top Stories 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 »
ICTSI Speeding Up Construction of New Facilities at Congestion-Stricken Manilla

ICTSI Speeding Up Construction of New Facilities at Congestion-Stricken Manilla »

International Container Terminal Services, Inc. (ICTSI)  said today it was fast-tracking the construction of new yard facilities at the Manila International Container Terminal (MICT) and at a new 21-hectare inland container depot in Laguna. ICTSI...

September 30 2014 / Comments Off / Read More »
Car Carrier Duo Collide in Zeebrugge

Car Carrier Duo Collide in Zeebrugge »

Two car carriers collided on Monday afternoon, September 29th in the Zeebrugge Pierre Vandamme lock, Belgium. Cyprus-registered car carrier Neckar Highway was heading from Grimsby bound for Malmo when it collided with Singapore-flagged Baltic Breeze. No injuries...

September 30 2014 / Comments Off / Read More »
Australian DP World Terminals Facing Strike

Australian DP World Terminals Facing Strike »

Members of the Maritime Union Australia employed by DP World terminals in Sydney and Melbourne announced their plans to stop work this week. Four-hour work stoppages are expected from 10.00am Wednesday October 1 until 2.00pm,...

September 30 2014 / Comments Off / Read More »
ZIM Ship Targeted by Pro-Palestinian Protesters Again

ZIM Ship Targeted by Pro-Palestinian Protesters Again »

Israeli-owned containership Zim Shanghai was prevented from unloading this weekend in the Port of Oakland by pro-Palestinian protesters and had to head to the Port of Los Angeles. According to Marine Traffic’s  data the vessel...

September 30 2014 / Comments Off / Read More »
Competition Review Report Additional Burden for Australian Shipping?

Competition Review Report Additional Burden for Australian Shipping? »

National shipping association Shipping Australia voiced its disappointment with the draft report released by the Competition Review Panel that has recommended removal of the existing shipping exemptions in Part X of the Competition and Consumer...

September 30 2014 / Comments Off / Read More »
Nordic Passat Rescues 150 off Sicily

Nordic Passat Rescues 150 off Sicily »

Nordic American Tankers Limited’s vessel the Nordic Passat performed a rescue operation involving 150 people in the Mediterranean last Saturday afternoon, September 27, 2014. The refugees were in a wooden boat with engine trouble, the...

September 30 2014 / Comments Off / Read More »
Headlines

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 »

Containerships to Pioneer LNG Shortsea Shipping in Europe »

Containerships to Pioneer LNG Shortsea Shipping in Europe

Finnish cargo shipping company Containerships has ordered two additional dual-fuel engine container ships from Yangzhou Guoyu Shipyard in China. The Finnish end-to-end cargo operator announced...

Sep 25 2014 / Comments Off / Read More »

Maersk Line to Spend USD 3 Bn a Year on Newbuildings »

Maersk Line to Spend USD 3 Bn a Year on Newbuildings

Maersk Line plans to set aside close to USD 3 billion a year for the period 2015-2019 to finance shipbuilding projects, in an effort to...

Sep 24 2014 / Comments Off / Read More »




Also in the news

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 »

Steel Cut for Sovcomflot’s Gas Carrier »

Steel Cut for Sovcomflot’s Gas Carrier

Steel was cut on Monday, September 29 for the pilot gas tanker ordered by Sovcomflot Group, Russia’s largest shipping company, for transportation of LNG under Yamal LNG project. The vessel is being built by South Korean Daewoo Shipbuilding and Marine Engineering. The tanker will be operated under a...

Oct 1 2014 / Comments Off / Read More »

Skangass Building LNG Terminal in Pori, Finland »

Skangass Building LNG Terminal in Pori, Finland

Sweden’s Skangass has decided to build a new import terminal for LNG in Pori, helped by 185 million NOK investment support from the Finnish Government. The terminal will is planned to be finished in 2016. Once completed in autumn 2016, the terminal will have a capacity of...

Sep 30 2014 / Comments Off / Read More »

Hamburg Süd Christens Cap San Antonio »

Hamburg Süd Christens Cap San Antonio

On Friday, September 26, Hamburg Süd christened its latest container ship “Cap San Antonio” at the Cruise Terminal of Le Havre, France, with customers and business partners. The “Cap San Antonio” is one of a series of six new ships of the “Cap San” class built...

Sep 30 2014 / Comments Off / Read More »

SOHAR: Joint Effort Needed for Cutting Sulphur Emissions »

SOHAR: Joint Effort Needed for Cutting Sulphur Emissions

 SOHAR Port and Freezone Executive Commercial Manager Edwin Lammers called on world leaders within the global shipping industry to join forces in their search for innovative testing methods, quality control, fuel efficiency, and risk management practices ahead of new International Maritime Organisation regulations requiring cargo ships...

Sep 30 2014 / Comments Off / Read More »

Shippers to Cooperate on North to South America Link »

Shippers to Cooperate on North to South America Link

CSAV Group, Hapag-Lloyd, Hamburg Süd, Aliança and NYK have reached an agreement to jointly operate in the trade between the East Coast of North America and Argentina, Brazil and Uruguay. The two services separately operated by the lines will be replaced by a single string...

Sep 30 2014 / Comments Off / Read More »

Cove Point Liquefaction Project Approved »

Cove Point Liquefaction Project Approved

The U.S. Federal Energy Regulatory Commission (FERC) has authorized Dominion Cove Point LNG, LP to build the Cove Point Liquefaction Project in Calvert County, Maryland, and related facilities at an existing compressor station and at metering and regulating sites in Virginia. The approval came after more than...

Sep 30 2014 / Comments Off / Read More »

Port of Antwerp Bolstering US Partnerships »

Port of Antwerp Bolstering US Partnerships

A delegation representing the Port of Antwerp, Belgium, is planning to visit the Port of Houston, Texas, U.S.A., to sign a Memorandum of Understanding (MoU) and thus further strengthen the trade relations between the two regions. The Port of Antwerp says that there are striking similarities between the...

Sep 30 2014 / Comments Off / Read More »

 

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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 »

Infographic: Quick Facts about Quantum of the Seas’ Journey »

Infographic: Quick Facts about Quantum of the Seas’ JourneyThe infogrpahic presents you with some interesting information about the journey of the Royal Caribbean International’s new cruise ship, Quantum of the Seas. Quantum of...

Sep 30 2014 / Comments Off / Read More »
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