CMES Sends Eight Ships to Scrapyard

Illustration

State-backed shipping giant China Merchants Energy Shipping (CMES) said it was going to scrap eight more of its ...

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Indonesia to Invest USD 292 Mln in New Ships

Indonesia to Invest USD 292 Mln in New Ships

The Indonesian government has assigned around USD 292.5 million to build new passenger and freight ships under the ...

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Lomar Bolsters Containership Fleet

Lomar Bolsters Containership Fleet

Libra Group’s Lomar is boosting its containership fleet capacity with up to seven ships as it sets sight on ...

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Honey Badger, Wolverine Enter Star Bulk’s Fleet

Honey Badger, Wolverine Enter Star Bulk's Fleet

The Nasdaq-listed dry bulk shipping company Star Bulk Carriers has taken delivery of M/V Honey Badger and M/V ...

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”K” Line Ups the Ante

''K'' Line Ups the Ante

Kawasaki Kisen Kaisha (”K” Line) plans to increase its net income from JPY 25 billion (USD 208.8m) ...

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MOL Orders Six Ultra Large Boxships

MOL Orders Six Mega Boxships

Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL) has placed an order for six 20, 000 TEU containerships. ...

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Astomos Energy Expands LPG Fleet

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 Tokyo-based Astomos Energy Corporation has placed an order for a very large liquefied petroleum gas (LPG) carrier ...

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Fincantieri’s Profit Dips

Fincantieri Makes Less Despite Order Surge

The Italian shipbuilding group Fincantieri recorded EUR 55 million (USD 61.7m) net profit in 2014, a 35% drop ...

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CSIC Scrutinized by Anti-Corruption Team

CSIC Scrutinized by Anti-Corruption Team

China’s central government’s anti-corruption team has launched an investigation into the operation of China ...

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Who Can Afford Giant Boxships?

Who Can Afford Giant Boxships

The trend of ordering ultra large container ships seems to have picked up the pace recently as more and more lines ...

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ClassNK Launches Bulker, Tanker Structural Rules

ClassNK Launches Bulker, Tanker Structural Rules

Tokyo-based classification society ClassNK has released its Common Structural Rules for Bulk Carriers and Oil ...

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BW LPG Doubles Annual Profit

BW LPG Doubles Annual Profit

Singapore-headquartered gas carrier owner and operator BW LPG has reported a net profit after tax of USD 255.7 ...

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Tallink Firms Up LNG Ferry Deal

Tallink Firms Up Ferry LNG Order

The Estonian ferry operator AS Tallink Grupp and Finland’s Meyer Turku Oy signed a contract for the ...

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North America Starts Building Its 1st LNG-Powered Ferry

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Canadian shipbuilder Davie laid keel on Thursday, February 26th for MV Armand-Imbeau II, the first of two ...

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Maersk Line Poised for Fleet Growth

First Triple E Launching in South Korea

Danish liner giant Maersk Line seems to be ready to add more capacity to its fleet, after four years of no new ...

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GOGL Wins Four More Appeals against Jinhaiwan

Golden Ocean Group Limited

The High Court in London, UK has ordered repayment of installments and interest on the last four contracts ...

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Yangzijiang Posts Double-Digit Profit Growth

Yangzijiang Posts Double-Digit Profit Growth

Singapore-based Yangzijiang Shipbuilding has reported net profit attributable to shareholders of RMB 3.48 billion ...

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Safebulkers Delays Delivery of Six Newbuilds

Safebulkers Delays Delivery of Six Newbuilds

Dry bulk transportation company Safebulkers has entered into recapitulation agreements for the delayed delivery of ...

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KSS Line Secures Financing for Its VLGC

KSS Line secures financing for its vlcc

South Korean  LPG and chemical shipping company KSS Line has signed a financing deal with Korea Development Bank ...

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Secondhand Crude Tankers in High Demand

Secondhand Crude Tankers in High Demand

Crude market sparked considerable interest in 2014 with 170 crude tankers of a combined 35.7m dwt reportedly sold, ...

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Ignazio Messina Adds Capacity

Ignazio Messina Adds Capacity

Ignazio Messina & C. has taken delivery of what the Italian shipping company claims to be world’s largest ...

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Philly Tankers Lines Up Charters

Philly Tankers Lines Up Charters

The US Jones Act tanker operator Philly Tankers LLC, a wholly owned subsidiary of Philly Tankers AS, has entered ...

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WesPac Orders North America’s First LNG Bunker Barge

WesPac Orders North America's First LNG Bunker Barge

WesPac Midstream and its affiliate Clean Marine Energy have signed a construction contract with Conrad Orange ...

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VIDEO: Nordana Sky Makes a Splash

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On Saturday the 21th of February, shipbuilder Ferus Smit launched its multi-purpose carrier MV Nordana Sky in Leer, ...

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IMO SDC Approves SOLAS Amendments

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The Sub-Committee on Ship Design and Construction of the International Maritime Organization (IMO) approved ...

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Maersk: No Plans of Speeding Up

No Plans of Speeding Up

Ships of Danish liner giant Maersk Line will continue to slow steam despite predictions that lower oil and bunker ...

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Blue Queen Ready to Rule the Seas

Blue Queen Ready to Rule the Seas

The Norwegian shipbuilder Ulstein Verft, part of Ulstein Group, today delivered the platform supply vessel Blue ...

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