El Faro Sinking Was an Accident, TOTE Executive Said

Image Courtesy: TOTE

As the end of the second round of hearings into the loss of El Faro and its crew approaches, the U.S. Coast Guard ...

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NordLB to Face Execution Risks if It Cuts Shipping Loans

Image Courtesy: NordLB/Daniel Bames

The German shipping bank Norddeutsche Landesbank (Nord/LB) could encounter high execution risks if it goes through ...

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Höegh LNG Set on Dozen FSRUs by 2019 amid Strong Market

Image Courtesy: Hoegh LNG

Höegh LNG is upbeat on the group’s FSRU prospects as it reports increase in net profit after tax for the ...

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Wellard Seals Financing for Latest Fleet Addition

Image Courtesy: Wellard

Australian livestock ship owner and operator Wellard Ltd has finalized the financing of its livestock carrier M/V ...

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Zim Swings Back to Red

Image Courtesy: ZIM

Israeli container shipping company ZIM Integrated Shipping Services Ltd. has sunk to the red in the first quarter ...

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Reefer Vessel Ignites in Spanish Port of Marin

Image Courtesy: Shipspotting

The 1994-built reefer vessel Frio Antwerp caught fire in the afternoon hours of May 25 while it was unloading its ...

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Alphaliner: Classic Panamaxes Facing Their Demise

Image Courtesy: ACP

The opening of the long-awaited Expanded Panama Canal will inflict a severe blow to the classic panamax market, ...

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Enrica Lexie: India Agrees to Send Italian Marine Home

Image Courtesy: Shipspotting

The Indian Supreme Court has made a decision to enforce The Hague Court of Arbitration’s order to free one of the ...

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Russia Ships 1st Yamal Oil from Arctic Gate Terminal

Image Courtesy: Gazprom

Russia’s energy giant Gazprom launched on Wednesday the year-round shipments of Yamal oil from the Arctic ...

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Navios Clamps Down on Vale

Image Courtesy: Vale

After it received a contract termination from the Brazilian mining giant Vale International, the Greek dry bulk ...

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Siem Shipping Keeps Its Reefers Busy for Another Year

Image Courtesy: Siem Shipping

Oslo-listed Siem Shipping Inc. has won a one-year contract renewal for a regular weekly service from Ecuador to St. ...

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El Faro Was in Good Condition, Inspector Testifies

Image Courtesy: NTSB

An inspection carried aboard the US-flagged cargo vessel El Faro in March 2015 showed that the ...

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ACCC: Industry Members Voice Concerns over Asciano Sale

Image Courtesy: Asciano Limited

The sale of the Australian freight logistics company Asciano Limited has given rise to a number of concerns, which ...

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ACP Shelves Third Draft Restriction

Image Courtesy: ACP

Based on the present water level of Gatun Lake and the rainfall projections for the upcoming weeks, the Panama ...

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Paragon Snubs Delivery of Ultramax Newbuilding

Image Courtesy: Paragon Shipping

Athens-based dry bulk shipping company Paragon Shipping has not taken delivery of an Ultramax newbuilding dry bulk ...

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China Okays CMA CGM’s Acquisition of NOL

Image Courtesy: CMA CGM

French container shipping giant CMA CGM today said that it has received an approval from the Anti-monopoly Bureau ...

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Singapore Exchange in Exclusive Talks to Acquire Baltic

Image Courtesy: Baltic Exchange

Singapore Exchange Limited (SGX) has entered into exclusive discussions with the Baltic Exchange Limited (Baltic) ...

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Oil Spill Pollutes Albanian Zvernec Coastline

Image Courtesy: Mimi Kodheli/Facebook

It is estimated that over 5 tons of crude oil spilled off the coast of Zvernec, Albania, and covered nearly five ...

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Siteam Anja’s Lightering Operation Starts

Image Courtesy: Uruguay Navy

After two attempts to reach the stricken oil tanker Siteam Anja failed due to inclement weather, a smaller tanker ...

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Steam Packet to Invest in Two New Passenger Ships

Image Courtesy: Steam Packet Company

The Isle of Man passenger shipping company Steam Packet Company is planning to invest GBP 170 million (USD ...

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d’Amico Splashes Two New Handysize Tankers

Image Courtesy: d'Amico

Shipping company d’Amico International Shipping S.A. launched two new 39,000 dwt Handysize eco product tankers ...

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IBIA: Bunker Ships to Gain from BWM Exemption in Local Areas

Image Courtesy: IBIA

As the ratification of the Bunker tankers (BWM) Convention approaches, the International Maritime Organization ...

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El Faro’s Captain Relied on BonVoyage Forecasts

Image Courtesy: TOTE

In the latest testimonies of the second round of El Faro hearings the US Coast Guard’s Marine Board of ...

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Nordic Pulls Five Ships Out of Handytankers Pool

Image Courtesy: Nordic Shipholding

Copenhagen-listed shipowner Nordic Shipholding has decided to withdraw five of its vessels from the Handytankers ...

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HMM Nets USD 570 Mn Debt-for-Equity Swap Deal

Image Courtesy: HMM

Struggling South Korean shipping company Hyundai Merchant Marine has concluded a deal with its creditors, led by ...

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RINA Buys Edif Group

Ugo Salerno CEO RINA S.p.a. (right) and Tim Dunn Partner Phoenix Equity Partners (left) sign the contract for RINA’s acquisition of the Edif Group; Image Courtesy: RINA

Genoa-based classification society RINA has signed an agreement for the acquisition of the Edif Group, the UK ...

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VesselsValue CEO: Value of Majority Ship Types at Record Low

Richard Rivlin, CEO and founder of VV; Image Courtesy: VesselsValue

In May 2011, the mapping, ship search and valuation provider, VesselsValue launched its business operation, ...

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