New President to Take the Helm of MOL

Departing MOL President Koichi Muto

Japanese shipping giant MOL appoints a new chairman and president.

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Top UK Port Operator Stake Sold for USD 2.36 Billion

Top UK Port Operator Stake Sold for USD 2.36 Billion

Canada Pension Plan Investment Board (CPPIB) and Hermes Infrastructure have signed an agreement to invest ...

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DryShips Offloads Tanker Fleet

DryShips Offloads Tanker Fleet

Owner and operator of ships DryShips Inc. has entered into firm sales agreements with entities controlled by the ...

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World’s Largest Boxship Gets a Sister

19,224 TEU MSC Oliver Reports for Service

Swiss-based container carrier Mediterranean Shipping Company has taken delivery of its second 19,224 TEU container ...

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Coscol Adds Two Asphalt Carriers

cosco orders two asphalt carriers

Shanghai-listed Cosco Shipping (Coscol) has through its subsidiary Cosco Southern Asphalt ordered two 13,000 dwt ...

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ZIM Cushions Dip in Revenue

ZIM Cushions Dip in Revenue

Israeli container carrier ZIM ended 2014 with a USD 127 million net loss, a result described as a ”sharp ...

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Norwegian Star Returns to Service

Norwegian star

Norwegian Cruise Line’s cruise ship Norwegian Star has returned back to service on March 17, 2015, following ...

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MES Hands Over Bulker to Lazio Shipping

MES Hands Over Bulker to Lazio Shipping

Japanese shipbuilder Mitsui Engineering & Shipbuilding (MES) delivered a 56,000 dwt type bulk carrier MV ...

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BAE Systems to Invest USD 100Mln in San Diego Yard

BAE Systems to Invest USD 100Mln in San Diego Yard

BAE Systems has earmarked a total of approximately USD 100 million to purchase a new dry dock and a range ...

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Tasmania’s Deal with Swire Shipping Scrapped

swire tasmania

The deal between the Tasmanian government and Swire Shipping on connecting Tasmanian exporters to the Asian market ...

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K Line Takes Over First of Five 14,000 TEU Newbuilds

14,000 TEU

Japanese shipping company Kawasaki Kisen Kaisha (K Line) has taken delivery of the Millau Bridge, the first of five ...

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China Rongsheng Sinks Further

China Rongsheng Sinks Further

Shipbuilder China Rongsheng Heavy Industries Group Holdings reported a negative revenue of RMB 3.8 billion (USD 618 ...

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Containerships Secures Financing for LNG-Fueled Duo

Containerships Secures Financing for LNG-Fueled Duo

Finland-based shortsea operator Containerships has secured financing for the acquisition of two new ...

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Cargotec-Carlyle China Joint Venture Over

Cargotec-Carlyle China Joint Venture Over

Finnish cargo-handling machinery maker Cargotec has become a sole owner of China Crane Investment Holdings Limited ...

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100 Maersk Line Boxships Going Paperless

100 Maersk Line Boxships Going Paperless

Danish container shipping company Maersk Line has selected Transas Marine for ECDIS implementation, and will ...

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Rotterdam to Get LNG Break Bulk Facility

Rotterdam to Get LNG Break Bulk Facility

Gate terminal, the first liquefied natural gas (LNG) import terminal in the Netherlands, has started ...

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World's First Methanol Powered Ferry Begins Operations

STENA GERMANUICA

On 26 March, the Stena Germanica, the world’s first methanol powered ferry, re-entered service after a couple ...

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Hamburg Bulk Carriers Takes 11 Bulkers under Its Wing

HBC Hamburg Bulk Carriers Takes 11 Bulkers under Its Wing

 German handysize operator Hamburg Bulk Carriers (HBC) has added 11 bulk carriers originating from the German ...

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HHLA Sets Container Throughput Record

HHLA Sets Container Throughput Record

7.2 million standard containers (TEU) moved through the Hamburger Hafen und Logistik AG’s  container ...

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Kuwait Oil Tanker Operations off Yemen Unaffected

Port of Aden

Operations of Kuwaiti oil tankers in the Bab el-Mandeb strait remain unaffected by the military operations in ...

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Magellan Opens Port of Tyne’s Cruise Season

Magellan Opens Port of Tyne's Cruise Season

The arrival of the new flag ship of Cruise & Maritime Voyages (CMV) – Magellan – at the UK Port of ...

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Japanese Whalers Return Empty-Handed

japan

Japanese whaling ships returned home from the Antarctic research mission on Saturday with no catch onboard for the ...

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CMA CGM to Order 3 Giant Boxships

CMA CGM to Order 3 Giant Boxships

After ending 2014 with an 8.1% growth in volumes carried, the world’s third largest container shipping ...

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Revamped MSC Sinfonia Returns to Service

Revamped MSC Sinfonia Returns to Service

Cruise ship MSC Sinfonia left Genoa, Italy, on Friday 27 March, to resume service following enlargement and ...

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Boxship Drifting off Essex Fixed

Boxship Drifting off Essex Fixed

The container ship ANL Warringa continued its journey yesterday, after being adrift in a shipping lane 20 miles off ...

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Carriers Passing on Lower Fuel Cost Perks to Shippers

Illustration

Shippers seem to be the greatest beneficiaries of lower marine fuel costs as they see the benefits being passed on ...

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CSDC Poised for More Bulker Orders

CSDC Poised for More Bulker Orders

Shanghai and Hong Kong-listed China Shipping Development Co (CSDC) said that the plans for ordering three 6,600 dwt ...

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