OOCL Handles More, Earns Less in 1H 2016

Image Courtesy: OOCL

Hong Kong-based container carrier Orient Overseas Container Line (OOCL) recorded a 16.9% drop in total revenues in ...

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G6 Alliance Fuses Asia - North America West Coast Services

Image Courtesy: Hapag-Lloyd

Container carriers within the G6 Alliance are reshuffling their Asia–North America West Coast loops to adjust to ...

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VesselsValue: Who Are the Best Negotiators in Shipping?

Image Courtesy: NordLB/Daniel Bames

The regions of Scandinavia, the Mediterranean and France-Belgium were the best negotiators in terms of vessel ...

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MOL, Gas Sayago Seal Uruguay LNG FSRU Charter Deal

The FSRU under construction at DSME in South Korea. Image Courtesy: MOL

Lakler S.A., a wholly owned  subsidiary of the Tokyo-based Mitsui O.S.K. Lines, Ltd. (MOL), has agreed to conclude ...

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Maersk Line Plots New Asia-USEC Course via Panama Canal

Image Courtesy: Maersk Line

World’s biggest container carrier Maersk Line is rerouting its TP12 Asia – US East Coast service ...

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Samsung Electronics to Increase Stake in SHI

Image Courtesy: SHI

Samsung Electronics intends to buy more shares of the financially struggling affiliate Samsung Heavy Industries ...

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Chevron and JOVO Agree on LNG Supply Terms

Image Courtesy: Chevron

Chevron Corporation has, through its wholly-owned subsidiary, Chevron U.S.A. Inc., signed a key terms agreement ...

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KR: Boxship Conversion Good Alternative to Newbuild Orders

MSC Geneva, the first ever container ship to undergo widening. Image Courtesy: Reederei NSB

The Korean Register (KR) has completed a feasibility study for the conversion of an 8,600 TEU container ship into a ...

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Algoma Wins Final Arbitration Claim Against Mingde Shipyard

Image Courtesy: Algoma

The London, UK Arbitration Tribunal hearing a contract dispute involving a fourth and final shipbuilding contract ...

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Worker Falls to Death at HHI Shipyard

Image for illustrative purposes only. Courtesy: HHI

A 39-year-old man died after falling from a scaffold while working on a shipbuilding project at a yard owned and ...

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ReCAAP Raises Red Flag over Crew Abductions in Asia

Image Courtesy: ReCAAP ISC

The number of piracy and armed robbery incidents in Asia during January-June 2016 has decreased by 64% compared to ...

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Navig8 PT Secures Post-Delivery Funding for LR1 Duo

Image Courtesy: Navig8 PT

Petroleum products transporter Navig8 Product Tankers has entered into a USD 66 million senior secured credit ...

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WWL Adds Another HERO

Image Courtesy: WWL

Norwegian shipping company Wallenius Wilhelmsen Logistics (WWL) has taken delivery of Themis, the fourth out of ...

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Capital Product, HMM Agree On Charter Rate Cuts

Image Courtesy: Capital

Athens-based Capital Product Partners has agreed to lower the rates for five of its 5,023 TEU container ships ...

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HMM Could Get First Foreign CEO

Image Courtesy: HMM

South Korean shipping company Hyundai Merchant Marine (HMM) might get its first foreign Chief Executive Officer ...

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Maersk Line and Huawei Form Carbon Pact

Image Courtesy: Maersk Line

Danish container carrier Maersk Line and Chinese networking and telecommunications equipment and services company ...

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CMA CGM Enters Total NOL Takeover Mode

Image Courtesy: POLB

French container carrier CMA CGM S.A. has reported that its all-cash voluntary unconditional general offer for ...

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NZDF Orders Tanker at HHI

Image Courtesy: Hyundai Heavy Industries

South Korean shipbuilder Hyundai Heavy Industries (HHI) has won a NZD 493 million (USD 350 million) contract to ...

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ACCC: NYK Pleads Guilty to Criminal Cartel Conduct

Image Courtesy: NYK

Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) has pleaded guilty to criminal cartel conduct in ...

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South Korean Shipyard Workers to Go on Joint Strike

Image Courtesy: HHI

Unionized workers at South Korea’s Big Three shipyards – Daewoo Shipbuilding & Marine Engineering ...

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Drewry: Bad Time to Own Old Boxships

MOL Precision, one of the two 2002-built containerships scrapped this year.

More containership capacity is being demolished than ever before, including old-design ships made redundant by the ...

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Readers' Picks of the Week


Boskalis Decides to Withdraw 24 Vessels Dutch dredging and maritime company Boskalis has decided to take 24 vessels ...

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ICTSI's Australia Unit Secures USD 304 Mn Loan

Image Courtesy: ICTSI

Victoria International Container Terminal (VICT), a unit of International Container Terminal Services Inc (ICTSI), ...

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ESC: Price Fixing Issue Not Solved by Carriers' Commitments

Image Courtesy: BSM

The adoption of a decision that renders legally binding the commitments offered by fourteen container shipping ...

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Top Firms Join Forces to Boost LNG as Marine Fuel

Image Courtesy: FTA

A number of companies have decided to join forces in a new cross-industry initiative called SEA\LNG, to accelerate ...

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Pilbara Ports Sees Record Annual Volumes

Image Courtesy: Pilbara Ports

Australia’s Pilbara Ports Authority (PPA) has delivered a record annual throughput of 633.5 million tonnes for the ...

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OOCL, ANL, COSCON Launch New Asia-Australia Services

Image Courtesy: OOCL

A new Asia Australia Consortium (A3) has been established in an effort to provide “more competitive ...

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