Fitch: US Ports Not Ready for Container Weighing

Image Courtesy: Stinis

US ports, rated by Fitch Ratings, have neither designated facilities for weighing containers nor the systems for ...

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VIDEO: 12 Tug Boats Refloat CSCL Indian Ocean

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It is not every day that a mega containership such as CSCL Indian Ocean gets stranded. Therefore, in order to pull ...

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Newbuildings Turn Up the Heat on Chemical Shipping Rates

Image Courtesy: Seatrans

Chemical shipping freight rates for both contracts of affreightment and spot cargoes will be under pressure ...

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DFDS Wraps Up Record Year, Expects Higher Revenue in 2016

Image Courtesy: DFDS

Danish shipping and logistics company DFDS posted a profit of DKK 1.07bn (USD 151m), up by 89pct when compared to ...

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Maersk Sets Sights on Upgrading Alang Recycling Yards

Image Courtesy: Counterview

Danish shipping and energy conglomerate Maersk Group wants to help ship recycling yards in Alang, India to upgrade ...

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NTSB to Launch Second Search for El Faro’s VDR

Image Courtesy: NTSB

The US National Transportation Safety Board said on Thursday that it would launch a second expedition to search ...

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ITF Accuses Alcoa of Further Shipping Exploitation

Image Courtesy: MUA

The Australian Office of the Fair Work Ombudsman has received a formal complaint from the International Transport ...

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Hyundai Heavy Wins First Order in 2016

Image Courtesy: HHI

South Korea’s shipbuilding giant Hyundai Heavy Industries (HHI) has signed an agreement to build two 158,000 ...

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Rosneft, Pietro Barbaro Eye Tanker Shipping JV

Image Courtesy: Pietro Barbaro

Russia’s oil major Rosneft and Italy’s Pietro Barbaro S.p.A. have signed a Memorandum of Understanding ...

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Wilh. Wilhelmsen Spins Off Den Norske Amerikalinje

Image Courtesy: Wilh. Wilhelmsen

Norwegian rolling cargo shipping specialist Wilh. Wilhelmsen Holding (WWH) has opted for restructuring the company ...

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Green Light for New Zealand's Coastal Navigation Safety

Image Courtesy: Rena Project

Ahead of the anticipated increase in the number of ships visiting New Zealand and a trend to ever bigger ships, ...

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Court Clears BG-Shell Merger

Court Clears BG-Shell Merger

The High Court of Justice in England and Wales has today sanctioned the scheme of arrangement between the Royal ...

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No Reason for Trade Restrictions amid Zika Outbreak

Image Courtesy: Pref. Pereira Barreto / SP

There is no justification for restrictions on travel or trade due to the outbreak of the Zika virus, the ...

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Container Shipping Giants to Settle with EU Commission

Image Courtesy: WSC

Container shipping companies that are being investigated by the European Commission over a suspected breach of ...

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Maersk Line Readies for Much Lower Results in 2016

Maersk Line CEO, Søren Skou; Image Courtesy: Maersk Line

Maersk Line expects a significantly lower underlying result for 2016 compared to 2015 as the container shipping ...

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Damaged Anthem of the Seas Arrives to Cape Liberty

Image Courtesy: RCL

The storm-damaged Royal Caribbean cruise ship Anthem of the Seas returned to Cape Liberty, New ...

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Safe Bulkers Sells Bulker Trio to Boost Liquidity

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Greece-based dry bulk shipowner Safe Bulkers has sold two Panamx vessels to entities controlled by Polys ...

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Golar LNG Partners to Buy FSRU Golar Tundra for USD 330 Mln

Image Courtesy: Golar LNG

Golar LNG Partners LP has entered into an agreement with Golar LNG Limited to buy its 170,000 cbm floating storage ...

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Odfjell Cuts Net Loss, Continues Talks on Delayed Deliveries

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Bergen-based shipping and tank terminal company Odfjell has reported a drop in 2015 net loss to USD 36 million, ...

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Navios Maritime Acquisition’s Net Income Surges in 2015

Image Courtesy: Navios Maritime Acquisition

As 2015 was a strong year for the tanker shipping market, the Monaco-based owner and operator of tanker vessels ...

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BIMCO: Six VLCCs Mark Strong Delivery Start in 2016

Image Courtesy: Euronav

Six new Very Large Crude Carriers indicate that 2016 is off to a flying start when it comes to delivering brand new ...

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Boost for Ardmore’s Debt Financing

Image Courtesy: Ardmore

Ardmore Shipping Corporation has secured an additional debt refinancing which brings the total amount of debt ...

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ITF Releases Images of 'Shocking' Safety Breaches on Water

Image Courtesy: MUA

The Greek-owners of the Panamanian-flagged bulk carrier Christine B have not only been underpaying its 19 Filipino ...

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Hapag-Lloyd Expands and Upgrades Its Fleet

Image Courtesy: Hapag-Lloyd

German container shipping company Hapag-Lloyd has taken delivery of two 3,500 TEU ships with a special wide-beam ...

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Mercator Offloads Bulker Arm for USD 2

Image Courtesy: Mercator

India’s Mercator International Pct has entered into an agreement to sell 900.85 million shares of the ...

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Wärtsilä Powers Japan Shipping’s Shift to Gas Age

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A total of sixteen new gas carrier ships being built in Japan for Japanese owners are to be powered by Wärtsilä ...

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Maersk Group’s Full-Year Profit Down 82 Pct

Image Courtesy: Maersk

Danish shipping and energy conglomerate Maersk Group delivered a profit of USD 925m for the full year ending ...

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