Pacific Basin's Loss Up Despite Stronger TCE Earnings

Image Courtesy: Pacific Basin

Due to extraordinarily weak dry bulk market conditions seen in the first half of 2016, the Hong Kong-listed dry ...

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Westports Readies for New and Larger Shipping Alliances

Image Courtesy: Westports Holdings Berhad

Malaysian port operator Westports Holdings Bhd said that the first phase of the expansion of its container terminal ...

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Trio Signs Deal to Design Star Cruises' Mega Passenger Ship

Image Courtesy: Elomatic

A large scale tri-party engineering contract for the design of a Global Class mega passenger ship, to be built for ...

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Drewry: LNG Market Will Need More Vessels

Image Courtesy: MOL

Despite the current weakness in liquefied natural gas (LNG) shipping rates, the market will require more LNG ...

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Japan's Big Three Slash Full Year Outlook

Image Courtesy: NYK Line

Due to the persistent weakness in freight rates, Japan’s big three shipping companies Nippon Yusen Kabushiki ...

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Dorian LPG Slips into Loss

Image Courtesy: Dorian LPG

US-based owner and operator of very large gas carriers (VLGCs) Dorian LPG posted a net loss of USD 1.3 million for ...

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BC Ferries' Queen of Burnaby Back in Service

Image Courtesy: BC Ferries

Canadian ferry operator BC Ferries has completed the required repairs to the propeller hub of its ferry, the Queen ...

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CMA CGM Sets Up Bengal Bay Express Service

Image Courtesy: CMA CGM

French container shipping major CMA CGM has launched Bengal Bay Express, a new direct service connecting Thailand, ...

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DP World to Lease Port Saint John’s West Side Terminal

Image Courtesy: Port Saint John

Dubai-based port and terminal operator DP World Limited and Eastern Canada’s Port Saint John in New ...

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Diana Shipping Delivers Wider Loss

Image Courtesy: Diana Shipping

As the activities in the dry bulk shipping industry remained slow, the Greek dry bulk ship owner Diana Shipping ...

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Newbuilds Drive Gener8 Maritime's Profit Increase

Image Courtesy: Gener8

Crude oil shipping company Gener8 Maritime recorded a 91% increase in its quarterly net income to USD 38 ...

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Termination of Suezmax JVs Affects Euronav's Profits

Image Courtesy: Euronav

Antwerp-based tanker owner and operator Euronav NV has recorded its first half of 2016 earnings at USD 153.7 ...

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MAIB: Number of Ship Accidents Drops in 2015

Image Courtesy: MAIB

The number of accidents reported to the UK’s Marine Accident Investigation Branch (MAIB) dropped to 1,057 ...

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Moore Stephens: Shipping to Disclose or Risk Being Exposed

Image Courtesy: WSC

The shipping industry must adopt a transparent, proactive approach to corporate governance or else risk exposure to ...

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APT Expands Fleet with New ECO Class Tanker

Image Courtesy: NASSCO

Crude oil transporter American Petroleum Tankers (APT) took delivery of the ECO Class tanker Garden State ...

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Another Service Cut from Far East - North America Trade

Image Courtesy: Hapag-Lloyd

This year’s weak market conditions in the Far East – North America transpacific trade have claimed another ...

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Spotted: Chinese Phoenix to Adorn Norwegian Joy

US-based cruise company Norwegian Cruise Line (NCL) will soon unveil its new Breakaway-Plus class vessel Norwegian ...

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Scorpio Bulkers Sees Decrease in Net Loss

Image Courtesy: Scorpio Bulkers

NYSE-listed dry bulk owner and operator Scorpio Bulkers has reported its net loss for the second quarter of 2016 at ...

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APL to Enhance Its Asia-Europe Trade with FEX

Image Courtesy: APL

Singapore-based container shipping company APL is planning to launch Felixstowe Express Service (FEX), a new weekly ...

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Costamare Secures Financing for Two New Boxships

Image Courtesy: MSC

During the second quarter of 2016, the Athens-based containership owner Costamare Inc. secured USD 88 million of ...

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Prosecutors Indict DSME's Ko Jae-ho for Fraud

Image Courtesy: DSME

The former Chief Executive Officer of Daewoo Shipbuilding & Marine Engineering (DSME), Ko Jae-ho, has been ...

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Oil Spills from VLOC Berge Bureya in Strait of Malacca

Image Courtesy: Malaysian Maritime Enforcement Agency

The Very Large Ore Carrier (VLOC) Berge Bureya took part in an oil spill incident off Malaysia in the Malacca ...

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Diana Containerships Cuts Quarterly Dividend

Image Courtesy: Diana Containerships

Based on the current container vessel charter market, Athens-based shipping company Diana Containerships Inc. made ...

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Salvors Switch MV Benita's Towline Connection

Image Courtesy: Youtube/l'express

As the bulk carrier MV Benita settled deeper into the water while being towed to the Indian coast, the salvors ...

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LNG-Gorskaya Gets Nod to Build Eco Port in Saint-Petersburg

Image Courtesy: LNG-Gorskaya

Federal Marine and River Transport Agency (Rosmorrechflot) has issued a permit to Russia’s LNG-Gorskaya for ...

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ClassNK Sets Minimum Requirements for ULCVs

Image Courtesy: BSM

Brittle crack arrest steel plates with a thickness of 100mm used in ultra-large container vessels (ULCVs) must have ...

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GAC Brazil Sets Up New Office at Açu Port

Image Courtesy: GAC

GAC Brazil has opened a new office at São João da Barra that covers operations at the Açu port complex in the north ...

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