Former STX Head Gets Six Years in Prison

Former STX Head Gets Six Years in Prison

Seoul Central District Court  has sentenced Kang Duk-soo, the founder and the former head of South Korea’s shipping and shipbuilding conglomerate STX Group, to six years in prison for a number of corporate crimes, ...

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Sustainable Shipping Initiative Sets Out Shared Commitments

Sustainable Shipping Initiative Sets Out Shared Commitments

International shipping coalition Sustainable Shipping Initiative (SSI), focused on uniting commercial growth with ...

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Seaspan Gets Fifth SAVER Containership

Seaspan Gets Fifth SAVER Containership

Seaspan Corporation has accepted delivery of a 10000 TEU SAVER design containership, the MOL Brightness, ...

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CSAV Christens Largest Vessels in Fleet

CSAV Christens Largest Vessels in Fleet

Compañía Sudamericana de Vapores (CSAV) has christened the first two out of seven 9,300 TEU container ships ordered ...

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DSME Strikes Again

DSME Strikes Again

South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has won orders for three container ships ...

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ICS: Rescue of All Persons in Distress at Sea Is a Must

Rescue of All Persons in Distress at Sea Is a Must

The rescue of all persons in distress at sea – including illegal migrants – is an obligation under international ...

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124 Oil Tankers to Join Global Fleet in 2014

124 Oil Tankers to Join Global Fleet in 2014

Some 124 vessels are expected to enter the oil tanker trading fleet in 2014, while 60 tankers were forecast to be ...

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IMB Reports Rise in Small Tanker Hijackings

IMB Reports Rise in Small Tanker Hijackings

While pirate attacks on the world’s seas have fallen for the third consecutive year, small tanker hijacks by armed ...

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Shipping Considerably Impacted by Ebola Outbreak

Shipping Considerably Impacted by Ebola Outbreak

Despite IMO’s recommendation to keep maritime business as usual in Ebola-affected areas players from the ...

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Profit Rises at COSCO Pacific

Profits Rise at COSCO Pacific

Hong Kong-listed COSCO Pacific Limited has marked a 8.55% and 4.4% increase in profit for the three months and nine ...

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Global Ship Bolsters Fleet

Global Ship Bolsters Fleet

Marshall Islands-headquartered Global Ship Lease has taken delivery of a 2005-built, 8,063 TEU containership, the ...

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Drewry: Carriers Urged for Transparency on Low-Sulphur ...

Drewry Carriers Urged for Transparency on Sulphur Surcharges

Carriers will need to provide transparent cost calculations to exporters and importers to justify the cost ...

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MAN Approves Hitachi’s SCR System

MAN Approves Hitachi's SCR System

South Korea’s Hitachi Zosen Corporation has become the world’s first firm to receive first-time approval ...

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Wave Break Island Cruise Terminal Feasible

Wave Break Island Cruise Terminal Feasible

A cruise ship terminal located on the eastern side of Australia’s Wave Break Island could be open in 2018 as ...

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Chinese Firms Partner Up to Develop LNG Carriers

Chinese Firms Partner Up to Develop LNG Carriers

Jiangxi Jiangzhou United Shipbuilding Company Limited (JJUSCL), an indirect wholly owned subsidiary of the China ...

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New Investments Boost DP World’s Volumes

New Investments Boost DP World's Volumes

DP World Limited handled 44.8 million TEUs (twenty-foot equivalent units) across its global portfolio of container ...

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Latvia Authorizes Korean Register

Latvia Authorises Korean Register

Korean Register (KR) – an IACS member classification society – has been authorized as a “recognized ...

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Hanjin Joins South Africa Services

Hanjin Joins South Africa Services

Hanjin Shipping is expanding its service network in South Africa by participating in the existing SF1 (South ...

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Prosecutors Want Death Penalty for Sewol Ferry Captain

Prosecutors Want Death Penalty for Sewol Ferry Captain

South Korean prosecutors have asked for a death sentence for Lee Joon-seok, captain of the Sewol ferry that ...

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Secondhand Market Sparking High Investments

Secondhand Market Sparking High Investments

In the first nine months of 2014, recorded investment in sale and purchase transactions in secondhand market has ...

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Vessel Operating Costs Expected to Rise

Illustration

 Vessel operating costs are expected to rise by almost three per cent in both 2014 and 2015, the latest survey by ...

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Qatargas Sells First LNG to Independent Chinese Importer

Qatargas Sells First LNG Batch to Private Chinese Importer

Qatargas sold its first cargo of liquefied natural gas (LNG) to Jovo LNG Storage and Transportation Co., Ltd. ...

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OOCL Marks Spike in Total Volumes

OOCL Marks Spike in Total Volumes

Orient Overseas Container Line (OOCL), a part of Hong Kong-based  Orient Overseas (International) Limited, has ...

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Readers’ Picks of the Week (20-24th of October)

Readers’-Picks-of-the-Week

Clyde and Co: Ships with Fatigued Crew Unseaworthy If a ship’s crew doesn’t receive enough rest while trying to ...

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Bocimar Pulls Plug on Six Newbuilds

Bocimar Pulls Plug on Six Newbuilds

After cancelling the order for four units from Samjin Shipyard earlier this year, dry cargo specialist Bocimar, a ...

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