Breaking: EU Approves CMA CGM’s Acquisition of NOL

Image Courtesy: Port of Los Angeles

French container shipping major CMA CGM announced today that it has received approval from the European Commission ...

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Grounded Boxship Suspends Northbound Convoys in Suez

Image Courtesy: Dredging Suez Canal

Northbound convoys in the Suez Canal have been suspended following grounding of a 153,514 DWT containership ...

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Phase 1 of Singapore’s Mega Terminal Project Kicks Off

Image Courtesy: MPA

Phase 1 of the Tuas Terminal project, which upon completion will boast 20 deep-water berths capable of handling ...

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Yamal LNG Secures Funding from Chinese Banks

Image Courtesy: DSME

Russia’s USD 27 billion Yamal LNG project has secured financing from two Chinese banks worth a total of USD ...

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Fitch: Mergers and Acquisitions Trump Alliances

Image Courtesy: Hapag-Lloyd

Mergers and acquisitions (M&A), rather than more popular alliances, are inevitable to address overcapacity and ...

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China Cosco’s Net Loss Widens to USD 690 Mn

Image Courtesy: China Cosco Holdings

Hong-Kong listed shipping and logistics company China Cosco Holdings Co (CCHC) has reported a major rise in its net ...

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SHI’s Q1 Net Profit Climbs 45.9 Pct

Image Courtesy: SHI

Korea-listed Samsung Heavy Industries (SHI) booked a net profit of KRW 15.9 billion (USD 13.9 million) in the first ...

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Spotted: Ulstein’s 1st X-STERN Afloat

The first of two service operation vessels being built for the offshore wind industry was launched yesterday at ...

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Precious Shipping Drops Newbuild Trio at Sanfu

Image Courtesy: PSL

Bangkok-listed dry cargo ship-owner Precious Shipping said it will cancel three shipbuilding ...

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Carnival Vista Handed Over to Carnival Cruise Line

Image Courtesy: Fincantieri

Miami-based Carnival Cruise Line took delivery of its newest and largest ship, the 133,500-ton Carnival Vista at a ...

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Blacklisted Indian-Flagged Tanker Returning to Libya

Image Courtesy: Shipspotting

The Indian-flagged tanker that was blacklisted by the UN Security Council for carrying ‘illicit’ oil ...

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MPA Takes Bunkering Licences from Two Companies

Image Courtesy: Vermont UM Bunkering

Two bunkering companies have been denied operations as bunker suppliers and bunker craft operators in the Port of ...

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Encouraging Start of the Year for DP World

Image Courtesy: DP World

Dubai’s port and terminal operator DP World closed the first quarter of this year with 15.5 million ...

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Wan Hai Lines, K Line and PIL Join Forces on Transpacific

Image Courtesy: WSC

Taiwan’s shipping company Wan Hai Lines has sealed a deal with Japan’s Kawasaki Kisen Kaisha (“K”Line) ...

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HHI Axes Quarter of Its Executive Personnel

Image Courtesy: Hyundai Heavy Industries

South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has laid off 25 per cent of its executives as a ...

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Shell Scraps USD 4.6 Bn FLNG Order at Samsung Heavy

Image Courtesy: Samsung Heavy Industries

South Korea’s shipbuilder Samsung Heavy Industries has received a contract termination for three floating ...

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COSCO Pacific Earns Less in 1st Quarter

Image Courtesy: COSCO Pacific Limited

Hong Kong-based container terminal operator COSCO Pacific Limited has seen its profit drop by 25.8 percent to USD ...

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Japan’s Big Three Wrap Up FY 2015 in Losses

Image Courtesy: Hamburg Hafen

Japanese big three shipping companies Mitsui O.S.K. Lines (MOL), Nippon Yusen Kabushiki Kaisha (NYK Line) and ...

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Vessel Owners Warned of Dangers of Shipping Indonesian Coal

Image Courtesy: London P&I Club

Following a number of recent incidents the mutual insurance company The London P&I Club has issued a ...

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Panama Canal Dismisses ITF Safety Study on New Locks

Image Courtesy: Panama Canal Authority

The Panama Canal Authority considers inadmissible the safety study presented on Wednesday, April 27 in Panama ...

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DryShips' Ability to Continue Compromised?

Image Courtesy: Nasdaq

 New York-listed owner of drybulk carriers and offshore support vessels DryShips said that it had defaulted on some ...

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UN Blacklists India-Flagged Tanker for 'Illegal' Oil Cargo

Image Courtesy: Shipspotting

The UN Security Council Committee has blacklisted India-flagged tanker Distya Ameya for being involved in attempts ...

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New Mission Needed to Retrieve El Faro’s VDR

Image Courtesy: Tote Maritime

Another mission will be required to recover the voyage data recorder of the sunken cargo ship El Faro, according to ...

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EU Unveils New Arctic Strategy

Image Courtesy: Danish Shipowners' Association

The European Commission launched yesterday its new Arctic Strategy, including 39 actions focusing on climate ...

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First of Its Kind LNG-Fuelled Car Carrier Hits the Water

Image Courtesy: LR

Europe’s short sea RoRo operator United European Car Carriers (UECC) has launched its new dual-fuel liquefied ...

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Gallery: Sirena Christened at Barcelona

Norwegian Cruise Line Holdings’ (NCLH) brand Oceania Cruises added yesterday to its fleet the newest cruise ...

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Globus Maritime Delays Loan Payments

Image Courtesy: Globus Maritime

Greek dry bulk shipping company Globus Maritime Limited has reached agreements with two of its lenders to postpone ...

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