Weak Market Rates Affect Navios Acquisition's Earnings

NYSE-listed owner and operator of tankers Navios Maritime Acquisition has seen its net income drop by 18 percent to ...

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COSCO Shipping Shutting Down Dormant Businesses

COSCO Shipping International (Singapore) has decided to strike off and formally dismiss two of its dormant ...

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Saudi Arabia Becomes 55th State to Ratify BWM Treaty

Saudi Arabia has ratified the Ballast Water Management (BWM) Convention, which is scheduled to enter into force on ...

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GasLog Partners Collects USD 138 Mn by Selling Shares

Greece-based GasLog Partners has closed the public offering of 5 million of its 8.625% series A preference units, ...

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Navigate Product Tankers in Loss Despite Rates Rebound

Although product tanker rates started to recover in the first quarter of the year, Norway-based Navig8 Product ...

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TORM Reports Profit Dip

As a result of the challenging tanker market, Danish shipping company TORM ended the first quarter of this year ...

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Frontline Again Asks DHT to Engage in Talks

In a written response to the board of DHT Holdings, John Fredriksen’s tanker operator Frontline has again ...

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ClassNK Launches Bunker Fuel Oil Analysis Service

ClassNK Consulting Service (NKCS), a subsidiary of Tokyo-based classification society ClassNK, has officially ...

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Stonington Eagle Handed Over to Eagle Bulk

Connecticut-based operator of dry bulkers Eagle Bulk Shipping has taken delivery of M/V Stonington Eagle, the third ...

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DryShips Continues Growing Its Fleet

Athens-based shipowner DryShips Inc. has taken delivery of a 115,666 dwt Aframax tanker built in 2012, which will ...

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Höegh Autoliners Scraps MV Höegh Triton

Norway’s car carrier owner and operator Höegh Autoliners has sold its 1988-built Pure Car and Truck Carrier ...

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Two More Bulkers Join GOGL’s Fleet

Nasdaq-listed shipowner Golden Ocean Group Limited (GOGL) has taken delivery of two additional second-hand bulkers ...

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Diana Shipping Adds Post-Panamax Bulker

Athens-based dry bulk specialist Diana Shipping has taken delivery of M/V Phaidra, a 2013-built Post-Panamax vessel ...

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HMM Cuts Operating Loss

South Korean shipping company Hyundai Merchant Marine (HMM) posted an operating loss of KRW 131.2 billion (USD 117 ...

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Advantage Tankers Linked to Five-Ship Purchase

The Marshall Islands-based holding company Advantage Tankers has allegedly bought five MR1 tankers from ...

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Rickmers Investor Contests Boxship Fleet Sale to Navios

The sale of fourteen boxships from Rickmers Maritime to shipping company Navios Partners Containers could be halted ...

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China Sparks World Container Traffic Boom

Preliminary data from Drewry’s Container Trades Statistics (CTS) indicates that world container traffic ...

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Asia - Oceania Trade Growth Slowing Down

The trade growth from Asia to Australasia is starting to slow down in 2017 with exports from North Asia taking the ...

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One Dead After Tanker Catches Fire at Hamriyah Port

One crewman died and four were injured when a tanker carrying oil products caught fire at Hamriyah Port, Sharjah, ...

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Spotted: Big Ship Cranes Reach Prince Rupert

The expansion of Prince Rupert’s Fairview Container Terminal in Canada’s British Columbia has reached ...

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Oil Tanker Moratorium Act Reaches Canadian Parliament

The Government of Canada has introduced the proposed Oil Tanker Moratorium Act in Parliament that seeks to ...

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Nautilus for Better Mental Health Services for Seafarers

Trade union Nautilus has supported calls for improved services to help seafarers deal with the increasing pressures ...

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Navig8 Chemical Adds Another Stainless Steel Tanker

Shipping company Navig8 Chemical Tankers had taken delivery of a 25,000 dwt stainless steel chemical tanker, Navig8 ...

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Marenave Selling Car Carrier as Part of Its Restructuring

Hamburg-based shipping trust Marenave Schiffahrts has entered into an agreement to sell its car carrier, operated ...

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HMM to Buy Algeciras Terminal Stake for USD 104 Mn

South Korean shipping giant Hyundai Merchant Marine (HMM) has reached an agreement to buy a 100 percent stake in ...

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Keppel to Build Pasha Hawaii's LNG-Fueled Boxship Duo

Honolulu-based shipowner Pasha Hawaii has ordered two new liquefied natural gas (LNG) fueled containerships ...

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