Shipping a Moving Target for Cyber Threats

Lars Lange, IUMI Secretary-General, speaks of numerous challenges related to cyber risk insurance

Weak Product Tanker Market Pushes Hafnia to Loss

Denmark-based shipping company Hafnia Tankers ended the third quarter of this year with a net loss of USD 7.3 ...

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J. Lauritzen Takes Four Ships on Time-Charter

Danish shipping company J. Lauritzen added more vessels to its chartered fleet during the third quarter of 2017, as ...

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HMD Tied to MR Tanker Order

South Korean shipbuilder Hyundai Mipo Dockyard (HMD) has secured an order for a 50,000 dwt MR product tanker from ...

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Standardisation to Drive Shipping's Digital Transformation

Standardisation can enable the effective collection, storage, exchange, analysis and use of data, while ...

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ABS: Class, Insurance Should Jointly Work on Cyber Safety

Chairman of the classification society American Bureau of Shipping (ABS) has called upon marine insurance and ...

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New CEO Takes the Helm of Marenave

Fresh from its financial restructuring German Marenave Schiffahrts AG dismissed its Chief Executive Officer Ole ...

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Port of Hamburg to Profit from CETA Free Trade Agreement

Germany’s Port of Hamburg is set to profit from the Comprehensive Economic and Trade Agreement (CETA) between ...

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Improving Schedule Reliability Still Far from Reality

Container carriers’ schedule reliability has seen a slight increase in the third quarter but there has not ...

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2nd Hekinan MAX Coal Carrier Joins MOL’s Fleet

Japanese shipping giant Mitsui O.S.K. Lines (MOL) has taken delivery of the coal carrier Nagara Maru from ...

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Bahri to Sell Part of Its Stake in Petredec

The National Shipping Company of Saudi Arabia (Bahri) is looking to sell a part of its 30.3% stake in Bermuda-based ...

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Eagle Bulk Prices 200 Mn Bonds, Secures Loan

US-based operator of dry bulkers Eagle Bulk Shipping is, through its subsidiaries, looking to secure net ...

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Scorpio Tankers Sinks Deeper into Red

Monaco-based tanker shipping company Scorpio Tankers posted a net loss of USD 36.9 million for the third quarter of ...

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Beijing Discovers Anti-Trust Violations at Several Ports

A two-month investigation launched in April this year by China’s National Development and Reform Commission ...

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MPA: North Korean Ships Cannot Bunker in Singapore

The Maritime and Port Authority of Singapore (MPA) has informed the shipping community that Singaporean ships may ...

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Higher Charter Rate for Diana's Panamax Bulker

Greek owner of dry bulk vessels Diana Shipping has entered into a time charter contract with Phaethon International ...

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Low Vessel Utilisation Puts Pressure on Freight Rates

Decreased freight rates in the Transpacific Eastbound trades, which were hurt by low vessel utilization, ...

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Shipping Leaders Join Forces to Drive Decarbonization Agenda

A group of international shipping industry leaders has decided to work together to drive the decarbonization agenda ...

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Steel Cut for 1st MSC Meraviglia-Plus Class Ship

French shipbuilder STX France cut the first steel on Wednesday, November 15, for MSC Cruises’  first ...

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US Court: ILWU Guilty of Labor Violations

The International Longshore and Warehouse Union (ILWU) has been found guilty of violating U.S. federal labor laws ...

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Vietnam Transshipment Operations Kick Off

On November 12, 2017, the Babycape Richard Oldendorff arrived at the Go Gia buoys in South Vietnam with the largest ...

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Höegh LNG Partners Takes Remaining Stake in Höegh Grace

Norwegian-based Höegh LNG has reached a deal to transfer the remaining 49% interest in the entities that own and ...

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UK Unveils Industry Code of Practice for Autonomous Vessels

UK’s maritime sector body Maritime UK has launched a new Industry Code of Practice for the design, ...

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Teekay LNG Sets Up New Multigas Pool

Teekay LNG Partners today launched the Teekay Multigas Pool, a new in-house commercial management structure for ...

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Astomos, Kuwait Petroleum to Study LPG Bunkering

Japan’s Astomos Energy Corporation and oil company Kuwait Petroleum Corporation (KPC) have agreed to further ...

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Shanghai Waigaoqiao Disposes of USD 1 Bn Offshore Newbuilds

Due to the overall sluggishness in the offshore market, China State Shipbuilding Corporation (CSSC) opted to ...

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Yang Ming Confirms Fleet Replacement Plans

Taiwanese shipping company Yang Ming Marine Transport Corporation (Yang Ming) is considering available options ...

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Maersk: Shipping Must Raise Its Game to Cut Pollution

The shipping industry must take responsibility for its fair share of carbon emissions in order to tackle climate ...

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