Euronav Expects Strong Tanker Market in Q3

Euronav Expects Strong Tanker Market in Q3

Sustained improvement in tanker freight rates has driven Euronav’s EBITDA up to USD 142.3 million in the ...

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CSCL Places USD 934m Order for Eight 13,500 TEU Boxships

CSCL Places USD 934 Million Order for Eight 13,500 TEU Boxships

Shanghai-listed China Shipping Container Lines (CSCL) has placed an USD 934.4 million order with Shanghai Jiangnan ...

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Diana Containerships Adds Capacity

Diana

Nasdaq-listed shipping company Diana Containerships has through two of its wholly-owned subsidiaries signed two ...

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Vale Hits a Snag in Mozambique

Port of Nacala

Last week’s collapse of a giant coal stacker at Port of Nacala will delay Brazilian mining giant Vale’s ...

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Egypt Says New Suez Canal Ready for Business

Egypt Says New Suez Canal Ready for Business

New Suez Canal is completed and ready to officially receive its first ships, according to Suez Canal Authority ...

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Vale Seals VLCC Deal with China Merchants

Vale Seals VLCC Deal with China Merchants

Brazilian mining giant Vale S.A. (Vale) and China Merchants Energy Shipping Co. Ltd. (China Merchants), a ...

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Five Consortia in the Race for Davao Sasa Modernization

Six Firms in the Race for Davao Sasa Modernization

Six companies have expressed interest in bidding for the Davao Sasa Modernization Project, the ...

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NOL Posts USD 890 Million Quarterly Net Profit

NOL Posts USD 890 Million Quarterly Net Profit

Singapore-based NOL Group reported USD 890 million net profit for the quarter ended June 30, USD 887 million of ...

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New Wave of FLNG Projects Imminent

New Wave of FLNG Projects Imminent

 A significant growth in both investment and activity in the floating liquefied natural gas (FLNG) market is ...

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HPA to Cut Almost Half of Its Workforce, MUA to Fight Back

HPA to Cut Almost Half of Its Workforce, MUA to Fight Back

Hutchison Ports Australia (HPA) is about to lay off almost half of its waterfront workforce at Port Botany and ...

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Finnlines Boosts Profit in Second Quarter

Finnlines Makes More

Finnish ro/ro and ro/pax ferry operator Finnlines Group recorded EUR 15.8 million net profit for the quarter ended ...

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NLNG to Take Delivery of Its Newbuild Quartet by Year-End

NLNG to Take Delivery of Its Newbuild Quartet by Year-End

The fleet of Nigeria Liquefied Natural Gas Company (NLNG) is about to be joined by four LNG carriers before ...

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Pan Ocean Exits Rehabilitation

Pan Ocean Exits Rehabilitation

Seoul Central District Court has approved the completion of rehabilitation procedure of South Korean bulk shipping ...

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Matson to Pay USD 15.4 Million for Hawaii Molasses Spill

Matson Settles on USD 15.4 Million Hawaii Molasses Spill Settlement

U.S. shipping company Matson, Inc. has agreed to pay up to USD 15.4 million as compensation for the 2013 molasses ...

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Scorpio Tankers in Potential USD 536 Million Newbuilding Deal

Scorpio Tankers In Potential USD 536 Million Newbuilding Deal

Scorpio Tankers has ordered two MR product tankers and two Handymax product tankers at South Korea’s Hyundai ...

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Egypt to Start Building New Side Channel at Port Said

Suez Canal Container Terminal

 A new side channel is about to be built near the Suez Canal to allow smaller vessels in the Mediterranean a ...

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”K” Line Fixes Two LNG Carriers

''K'' Line Fixes Two LNG Carriers

”K” Line LNG Shipping (UK) Limited (K-LNG), a subsidiary of Japanese Kawasaki Kisen Kaisha ...

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Container Carriers Flocking to Iran

Container Carriers Flocking to Iran

Container carriers are returning their operations to Iran following the deal with P5 +1 powers on lifting of ...

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Infographic: Casualties in 2015

Trumpet 29 07 15 Press Version - Final - 605 x 300px (2)

Opting for a job at sea may turn out to be rewarding at times as it offers the opportunity to venture out into the ...

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CSDC and CSCL Receive USD 169m in Scrap-and-Build Subsidies

CSDC and CSCL Receive USD 169m in Scrap-and-Build Subsidies

China Shipping Development Company (CSDC) and China Shipping Container Lines (CSCL) have received a combined ...

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Scorpio Bulkers Plunges Deeper into Red

Scorpio Bulkers Plunges Deeper in Red

Scorpio Bulkers Inc. posted a net loss of USD 138.6 million, or USD 0.71 basic and diluted loss per share, for the ...

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Upper Houston Ship Channel Closed after Oil Spill

Upper Houston Ship Channel Closed after Oil Spill

A small section of the Upper Houston Ship Channel was closed Tuesday morning after a report that 1,000 gallons of ...

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Wan Hai Lines Tops Reliability Poll

Wan Hai Lines Tops Reliability Poll

Taiwanese carrier Wan Hai Lines has beaten Danish container shipping giant Maersk, taking the lead as the most ...

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Shell to Provide LNG to SABIC Vessels in Teesport

Shell to Provide LNG to SABIC Vessels in Teesport

Saudi Arabian petrochemical giant Saudi Arabia Basic Industries Corporation (SABIC) has chosen Shell LNG as a ...

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Port of Houston Authority Terminals Nearing 20m Ton Mark

Port of Houston Authority Terminals Nearing 20 Million Ton Mark

The Port of Houston Authority terminals handled nearly 20 million tons of cargo since the first of this year ...

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Matson Overhauling Its Alaska Operations

Matson Overhauling Its Alaska Operations

U. S. carrier Matson, Inc. is pushing ahead with its plans to fund improvements in its new Alaska operations ...

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Diana Containerships Sells Cap Domingo

Diana Containerships Sells Cap Domingo

Nasdaq-listed containership owner Diana Containerships has decided to trim its fleet and sell one of its Panamax ...

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