Top Stories Meyer Werft Starts Construction of Norwegian Escape

Meyer Werft Starts Construction of Norwegian Escape »

Norwegian Cruise Line executives and officials from Meyer Werft took part in the keel-laying ceremony of Norwegian Escape on Friday, September 19, 2014. During the ceremony, block number 35/41, one of 86 blocks that will comprise...

September 21 2014 / Comments Off / Read More »
Malta Denies Entry to Ship amid Ebola Fears

Malta Denies Entry to Ship amid Ebola Fears »

Bulk carrier MV/Western Copenhagen has been denied entry into Maltese territorial waters amid suspicion that one of the crew has been infected by the Ebola virus. The Hong Kong-flagged ship was en route from Guinea to Ukraine....

September 19 2014 / Comments Off / Read More »
Battling for Supremacy in Shipping World

Battling for Supremacy in Shipping World »

As the shipping industry progresses toward bigger and ever more complex ships we are seeing shipbuilding giants battling for supremacy in building a better, bigger and more advanced vessel. The slightest upgrades in size or...

September 19 2014 / Comments Off / Read More »
Irano Hind Value Estimates USD 37 Million Apart

Irano Hind Value Estimates USD 37 Million Apart »

Shipping Corporation of India (SCI) and Iran Shipping Lines are finding it hard to wrap up their 39-year-old joint venture Irano Hind Shipping Lines due to the differences in the valuation of the company.  SCI estimates its 49% stake...

September 19 2014 / Comments Off / Read More »
UK Chamber of Shipping CEO: Time to Heal Divisions

UK Chamber of Shipping CEO: Time to Heal Divisions »

Now that the campaign on the Scottish independence is over, and the result of the referendum is in, the divisions must be healed across industries, businesses and communities alike,  Guy Platten, CEO of the UK...

September 19 2014 / Comments Off / Read More »
Eagle Cleared for Restructuring

Eagle Cleared for Restructuring »

The US judge Sean Lane has approved Eagle Bulk Shipping’s restructuring plan at the US Bankruptcy Court in New York, according to the Wall Street Journal. Eagle Bulk, the parent company of Eagle Bulk Shipping Inc, started a voluntary “prepackaged”...

September 19 2014 / Comments Off / Read More »
Platts JKM: October Spot LNG Prices on the Rise

Platts JKM: October Spot LNG Prices on the Rise »

Prices of spot liquefied natural gas (LNG) for October delivery to Asia gained 19.8% on a month over month to an average $12.826/MMBtu per million British thermal units (/MMBtu), according the latest Platts Japan/Korea Marker...

September 19 2014 / Comments Off / Read More »
Construction Begins on Third Quantum Class Ship

Construction Begins on Third Quantum Class Ship »

The first piece of steel was cut at Meyer Werft in Papenburg, Germany for the construction of the third ship of Quantum class for Royal Carribean International, the shipbuilder informed. Richard D. Fain, CEO of Royal...

September 19 2014 / Comments Off / Read More »
Headlines

Readers’ Picks of the Week (Sep 15-19, 2014) »

Readers’ Picks of the Week (Sep 15-19, 2014)

Battling for Supremacy in Shipping World As the shipping industry progresses toward bigger and ever more complex ships we are seeing shipbuilding giants battling...

Sep 21 2014 / Comments Off / Read More »

Maersk CEO Meeting with Chinese Authorities on 2M »

Maersk CEO Meeting with Chinese Authorities on 2M

Chief Executive of Danish container shipping company Maersk Line, Soren Skou, is in China paying visits to local authorities so as to clear the air...

Sep 19 2014 / Comments Off / Read More »

Maersk, MSC Call US Regulator to Approve 2M »

Maersk, MSC Call US Regulator to Approve 2M

Senior executives representing shipping giants Mediterranean Shipping Company (MSC) and Maersk Line are in Washington to clear any doubts the US Federal Maritime Commission...

Sep 19 2014 / Comments Off / Read More »

How Will Scottish Independence Impact Maritime Industry? »

How Will Scottish Independence Impact Maritime Industry?

The long-awaited vote on the Scottish independence taking place today has seen international maritime players raise concern on the possible effects of the vote...

Sep 18 2014 / Comments Off / Read More »

Cosco Books Five Mega Container Ships »

Cosco Books Five Mega Container Ships

China Cosco Holdings Co (CCHC) has placed an order for the construction of five giant 14,500 TEU container ships , thus increasing the newbuilding...

Sep 17 2014 / Comments Off / Read More »

China JV Invests into Sri Lankan Hambantota Port »

China JV Invests into Sri Lankan Hambantota Port

Sri Lanka Ports Authority (SLPA) has agreed on key terms of Supply, Operate and Transfer agreement (SOT) with China Harbour Engineering Company Ltd., and China Merchants...

Sep 17 2014 / Comments Off / Read More »

Maersk Raises USD 1.25 Bln in Bond Offering »

Maersk Raises USD 1.25 Bln in Bond Offering

Danish shipping giant Maersk has raised USD 1.25 billion in two bond offerings. The net proceeds will be used for general corporate purposes, as...

Sep 17 2014 / Comments Off / Read More »

Drowning of 500 Migrants in the Med Deliberate, Survivors Say »

Drowning of 500 Migrants in the Med Deliberate, Survivors Say

Over 500 migrants are believed to have been deliberately drowned by human traffickers this weekend in the Mediterranean Sea while trying to reach European shores. Investigators...

Sep 17 2014 / Comments Off / Read More »

Scorpio Rejuvenates Tanker Fleet »

Scorpio Rejuvenates Tanker Fleet

Scorpio Tankers Inc., a global provider of marine transportation for petroleum products,  announced today that it has added seven newbuilding vessels to its fleet,...

Sep 16 2014 / Comments Off / Read More »

Greathorse Chemical Secures Major Cash Injection »

Greathorse Chemical Secures Major Cash Injection

Standard Chartered Private Equity (SCPE) and Tiger Group Investments are going to invest USD 95 million in Shanghai-based Greathorse Chemical, an owner and operator...

Sep 16 2014 / Comments Off / Read More »




Also in the news

MUA Urges for Protection of Australian Jobs in Coastal Shipping »

MUA Urges for Protection of Australian Jobs in Coastal Shipping

The Maritime Union of Australia (MUA) has urged the Abbott Government to protect Australian jobs, the maritime skills base and the environment when considering changes to laws covering coastal shipping. The call comes as the Australian Deputy Prime Minister Warren Truss voices the need to boost the country’s coastal...

Sep 19 2014 / Comments Off / Read More »

CLdN Redirects Gothenburg Operations to Logent »

CLdN Redirects Gothenburg Operations to Logent

The ro-ro company CLdN has signed a ship and freight handling agreement with the car and ro-ro terminal Logent Ports & Terminals at the Port of Gothenburg. They will begin using the terminal on November 15. On Monday it was announced that the Belgian shipping company...

Sep 19 2014 / Comments Off / Read More »

IMO Secretary-General Rules Out Reappointment »

IMO Secretary-General Rules Out Reappointment

International Maritime Organisation (IMO) Secretary-General Koji Sekimizu has disclosed his decision not to seek reappointment at the fulfilment of the current term at the end of 2015. Secretary-General Sekimizu stated that reasons of personal nature led to the decision not to seek reappointment. “I would like to...

Sep 19 2014 / Comments Off / Read More »

Finland Bankrolls Three LNG Terminals »

Finland Bankrolls Three LNG Terminals

Finland’s Ministry of Employment and the Economy has committed a total of EUR 65.2 million in energy subsidies for three liquefied natural gas (LNG) terminals. With the help of this support, Manga LNG Oy, Skangass Oy, and Oy Aga Ab will build LNG terminals in Tornio,...

Sep 19 2014 / Comments Off / Read More »

US Coast Guard Flaunts the Latest Drug Bust »

US Coast Guard Flaunts the Latest Drug Bust

The U.S. Coast Guardsmen offloaded 719 kilograms of cocaine at Coast Guard Station Miami Beach, Florida, on September 18, 2014. The crew aboard the Coast Guard Cutter Bear interdicted the USD 23 million worth of cocaine from a container ship on September 8, 2014. The Coast Guard...

Sep 19 2014 / Comments Off / Read More »

Cleveland-Europe Express Service Doubled »

Cleveland-Europe Express Service Doubled

The U.S. Port of Cleveland and Amsterdam-based Spliethoff Group are planning to add a second monthly vessel to the Cleveland-Europe Express (CEE), the only scheduled ocean service for containerized and breakbulk freight operating between Europe and a Great Lakes port, according to Spliethoff. “We are...

Sep 19 2014 / Comments Off / Read More »

Victoria’s Ports on Australian Parliament Agenda »

Victoria’s Ports on Australian Parliament Agenda

Victoria’s commercial ports have performed strongly over the past year, posting solid figures in import and export trade, Port of Hastings says in a release. Australia’s Minister for Ports David Hodgett welcomed the annual reports tabled in Parliament, and said the figures reinforced the strategic value...

Sep 19 2014 / Comments Off / Read More »

Odfjell Gas Inks Pool Deal with Lauritzen Kosan »

Odfjell Gas Inks Pool Deal with Lauritzen Kosan

Odfjell Gas AS, an LPG/ethylene joint venture between Odfjell SE and affiliates of Breakwater Capital and Oak Hill Advisors, has entered into an agreement with Lauritzen Kosan AS, placing its existing two LPG/Ethylene carriers, Bow Guardian and Bow Gallant, on commercial management with similar size...

Sep 19 2014 / Comments Off / Read More »

Cosco Sheds Deadweight »

Cosco Sheds Deadweight

China Cosco Holdings Company Limited  had disassembled eight bulk carriers with the aggregate capacity of 553,798 deadweight tonnes throughout July and August 2014. The scrapping is in line with Cosco’s recent decision regarding restructuring of its shipping fleet, and the decommissioning and disposal of aged vessels. The vessels, sold...

Sep 19 2014 / Comments Off / Read More »

 

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Image of the Day: And Then There Were Twelve! »

Image of the Day: And Then There Were Twelve!Maersk Line has taken delivery of their 12th Triple-E vessel named Mogens Maersk. Maersk Line’s Chief Commercial Officer Stephen Schueler decided to memorialise the moment by snapping...

Sep 19 2014 / Comments Off / Read More »

Video: FPSO Petrojarl Knarr Sailaway »

Video: FPSO Petrojarl Knarr SailawayIt’s been three years since the works started on Teekay’s largest project to-date, FPSO Petrojarl Knarr. In early June, construction of the vessel was completed, and...

Sep 19 2014 / Comments Off / Read More »

Things to Know when Navigating in Sea Ice »

Things to Know when Navigating in Sea IceThere are many sea ice properties that can affect an offshore vessel’s navigation performance in sea ice. The most obvious is the thickness of the...

Sep 18 2014 / Comments Off / Read More »
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