Winland Ocean Files for Bankruptcy Protection

Winland Ocean Files for Bankruptcy Protection

Chinese dry bulk shipping company Winland Ocean Shipping Corp. filed for Chapter 11 bankruptcy protection last week ...

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MOL Contribution Ablaze in Oakland

MOL Contribution

A fire broke out on board MOL’s containership, MOL Contribution, on Sunday evening, while the ship was ...

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Liner Reliability Plunges

Container Ship

Liner service reliability fell to a record low in January as the effects of US West Coast congestion and the ...

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COSCO Hands Over Three Newbuilds

cosco

COSCO Corporation (Singapore) Limited announced deliveries of three newbuilding vessels. COSCO’s shipbuilding ...

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China’s Silk Road Fund Launched

President of China Xi Jinping

The USD 40 billion Silk Road Fund, proposed by the Chinese President Xi Jinping in December 2014, has been ...

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US West Coast Bottlenecks Push Up Freight Rates

US West Coast Bottleneck Push Up Freight Rates

Freight rates for Panamax container ships are soaring as fewer vessels become available for new orders amid ...

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DaeSun Shipbuilding Bags First Order This Year

DaeSun Shipbuilding Bags First Order This Year

DaeSun Shipbuilding and Engineering Co., Ltd. (Dae Sun) has won an order for construction of up to six 1,800 TEU ...

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Baltic Dry Index Hits New Record Low

BDI Hits new record low

The Baltic Dry Index (BDI) dropped by another eight points reaching its new record low at 522 points on Monday. The ...

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BW LPG Secures USD 400 Mln Loan for Its VLGC Newbuilds

bw lpg

Very Large Gas Carrier (VLGC) owner BW LPG has signed an agreement for a debt facility worth up to USD 400 million ...

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China VLCC Snags Two-Year Shipping Deal

China VLCC Snags Two-Year Shipping Deal

China Merchants Energy Shipping (CMES) and Sinotrans&CSC have trough their China VLCC joint venture signed a ...

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ESC: Shipping Alliances Lead to Market Convergence

Hamburg Süd

The increased collaboration between the French container ship operator CMA CGM and Germany’s Hamburg Süd will ...

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CMA CGM Puts Newbuild Duo to Work

CMA CGM Puts Newbuild Duo to Work

The French container carrier CMA CGM took delivery of the CMA CGM Loire and the CMA CGM Ural, the fifth and the ...

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VIDEO: A Taste of Carribean Cruise

A Taste of Carribean Cruise

For all those who haven’t had a chance to enjoy a Caribbean cruise yet, here is a whiff of what to expect if ...

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Image of the Day: Iceclad CSL St-Laurent

sl-021_0

Canada has finally welcomed the last of Canada Steamship Lines’ six Trillium Class Great Lakes vessels, named CSL ...

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IOM: More Needs to Be Done on Saving Migrants

IOM Urges for Coordinated Response to Saving Migrants

Amid escalating violence in Libya, the International Organization for Migration (IOM) called on world governments ...

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Nicaragua Seeks EU Support on Canal Construction

Nicaragua Seeks EU Support on Canal Construction

Nicaragua’s Secretary for National Policy, Paul Oquist has submitted the project for construction of ...

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UASC Ventures into North Atlantic Trade

UASC Ventures into North Atlantic Trade

United Arab Shipping Company (UASC), the French liner CMA CGM and Germany’s Hamburg Süd have agreed to form a ...

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COSCO’s Profit Down

COSCO's Profit Down

Singapore Exchange-listed COSCO Corporation’s gross profit decreased 9.4% from USD 321.2 million in FY 2013 ...

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Shipping and Private Equity Could Be a Perfect Match

Shipping and Private Equity Could Be a Perfect Match

The time is right for the private equity sector to finance products and services designed to keep the shipping ...

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Sungdong Clinches Five Suezmaxes

Sungdong Clinches Five Suezmaxes

Sungdong Shipbuilding & Marine Engineering has won an order to build up to five Suezmax tankers for an ...

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Horizon Lines Settles on Merger Litigation

Horizon Lines Settles on Merger Litigation

US shipping company Horizon Lines has agreed to settle on the consolidated putative class action complaint pending ...

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Drewry: ECA Compliance Costs Shippers Nothing

Drewry ECA Compliance Costs Shippers Nothing

The implementation of the new marine pollution regulation in North Europe and the US since January has so far ...

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Pirates Plant Bomb on Board Oil Tanker

Lapin product tanker

A bomb was placed on board Thai oil tanker by a group of pirates, who had syphoned around 2,000 tonnes of bunker ...

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Golar LNG Wraps Up Golar Viking Sale

Golar LNG Wraps Up Golar Viking Sale1

Golar LNG Ltd has completed the sale and delivery of the 2005-built LNG carrier Golar Viking to PT Perusahaan ...

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Australia Arrests Captain of Pilotless Bulker

Australia Arrests Captain of Pilotless Bulker

The Australian Federal Police (AFP) and the Great Barrier Reef Marine Park Authority (GBRMPA) have arrested the ...

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Shipping Industry Faces Erroneous Payment Risks

Shipping Industry Faces Erroneous Payment Risks

The shipping industry is at a high risk of unauthorised and/or erroneous payments due to the nature of the movement ...

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CMHI, Dalian Port to Bolster Cooperation

Zhang Rizhong, Deputy General Manager of CMHI and Zhang Zuogang, Deputy Managing Director of Dalian Port

China Merchants Holdings International (CMHI) and Dalian Port Group signed a strategic cooperation framework ...

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