No Orders for South Korean Shipbuilders in January

Image Courtesy: DSME

January was a very slow month for South Korean shipbuilders as the country’s big three failed to book any new ...

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Losses Drive Down Mitsui’s Full Year Forecast

Image Courtesy: MES

Japanese shipbuilder Mitsui Engineering & Shipbuilding (MES) has cut the financial forecast for fiscal year ...

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Stena Bulk Passes Up Optional Tanker Duo

Image Courtesy: Stena Bulk

Sweden’s tanker shipping company Stena Bulk has decided not to exercise an option to order two MR tankers at CSSC ...

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Samsung Heavy Industries Swings to Full Year Loss

Image Courtesy: SHI

South Korean shipbuilder Samsung Heavy Industries (SHI) posted a KRW 1.2 trillion (USD 998 million) net profit loss ...

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Baleària Confirms Ferry Deal with LaNaval

Image Courtesy: Baleària

Spanish shipping company Baleària has signed a contract with LaNaval Shipyard to build a liquefied natural gas and ...

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India Invites Bank Bids to Handle Cochin IPO

Image Courtesy: Cochin Shipyard

The Indian government has called for the expression of interest from merchant bankers to manage the initial public ...

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Atlantis Tankers’ Fleet to Get EX-Approved BWTS

Image Courtesy: Atlantis Tankers

Turkish shipping company Atlantis Tankers Group and its management company Armona Denizcilik AS have ...

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MES Ventures into FPSO Chartering

Image Courtesy: Modec

Japanese shipbuilder Mitsui Engineering and Shipbuilding is setting up a business section within its Ocean Business ...

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Drewry: Half of Over 12-Year-Old Capesizes Need to Go

Image Courtesy: Diana

If dry bulk ship-owners collectively removed half of all capesize ships over 12 years old, equating to around 20 ...

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GTT Not Informed of FTC Investigation

Image Courtesy: GTT

French marine engineering company Gaztransport et Technigaz SA (GTT) has not been notified of an inquiry into its ...

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AMP Fight Off Jones Act Attack

Image Courtesy: Philly Shipyard

The American Maritime Partnership (AMP) disagrees with the findings of the recent report published by the Alliance ...

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Philly Shipyard Starts Building APT's 1st LNG-Ready Tanker

Image Courtesy: Philly Shipyard

Philly Shipyard, Inc. (PSINC) has laid the keel for the first product tanker in a four vessel order for American ...

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Spotted: Stena Imperative Named in Hong Kong

Image Courtesy: Stena Bulk

Sweden’s tanker shipping company Stena Bulk’s chemical and product tanker Stena Imperative was named at ...

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Latvian Shipping Company Adding Tanker Trio

Image Courtesy: LSC

Latvian Shipping Company (LSC) is expanding its fleet with three tanker newbuildings in the first half of this ...

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Fincantieri Forges Shipbuilding Ties with Iran

Image Courtesy: Fincantieri

Italian shipbuilding conglomerate Fincantieri has signed a number of framework agreements with Iranian counterparts ...

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Crude Oil Tanker Market to Surge in 2016

Image Courtesy: Euronav

The crude oil tanker market is expected to grow strongly in 2016, with projected fleet increase of 4.3%, BIMCO ...

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World's Fastest Ship Design Cuts Fuel Consumption by 74 Pct

Image Courtesy: Insvivia

The 80-knot ship concept, introduced by Norway’s former Viking Ships, now InSvivia Technologies, has been ...

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Lamprell Eyes Stake in Saudi Arabia's New Maritime Complex

Image Courtesy: Lamprell

Lamprell Energy Limited has signed an MOU with the national oil company of the Kingdom of Saudi Arabia Saudi ...

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Creditors Approve Hanjin Heavy’s Financial Aid

Image Courtesy: HHIC

Busan-based shipbuilder Hanjin Heavy Industries and Construction (HHIC) is in line to receive an emergency ...

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Vessel Ordering Down 40% in 2015

Image Courtesy: HHI

Overall contracting of new vessels in 2015 dropped by 40% to 1,306 units from 2,162 in 2014, with estimated ...

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Horizon Trader Beached at Shipbreaking Site in India

Image Courtesy: BAN

The Horizon Trader, a 42 year-old US flagged container ship that was acquired by New York-listed shipping company ...

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BIMCO: Containerships Speeding Up

Image Courtesy: WSC

The lower fuel price may not be such a blessing for containership owners after all, especially with relation to ...

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Sener Launches LNG Bunkering Vessel Design

Image Courtesy: Sener

Spanish engineering and construction company Sener has developed its own design of a Liquefied Natural Gas (LNG) ...

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Anthony Veder Nets 1st Sustainable Shipping Loan

Image Courtesy: Anthony Veder

Gas carrier owner Anthony Veder Group has secured the industry’s first sustainable shipping loan via its €66 ...

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Readers’ Picks of the Week (18th – 22nd Jan, 2016)

Readers Picks

Pirates Attempt to Board RORO Ship in Gulf of Guinea Armed pirates attempted to board a RORO vessel confirmed as MV ...

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World’s 2nd LNG-Powered Boxship Joins TOTE Maritime

Image Courtesy: GD NASSCO

The world’s second containership to be powered by liquefied natural gas (LNG), the Perla Del Caribe, has been ...

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BIMCO: 40m of Dry Bulk Tonnage to Be Scrapped in 2016

Image Courtesy: NGO Shipbreaking Platform

Dry bulk shipping capacity of 40 million DWT will be sold for demolition during 2016, making this year the busiest ...

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