LR to Class Maersk’s Boxship Newbuilds

LR to Class Maersk's Boxship Newbuilds

UK-based maritime classification society Lloyd’s Register (LR) signed a contract with COSCO Zhoushan Shipyard ...

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KR Opens World’s First Green-Ship Certification Center

KR Opens World's First Green-Ship Certification Center

The world’s first green-ship equipment certification centre opened for business today in Gunsan, Jeonbuk, Korea. ...

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LNG Shipping Market Lulled in Q1, Recovery on the Horizon

LNG Shipping Market Lulled in Q1

The first quarter of 2015 saw a material fall in demand and charter rates for LNG shipping, Golar LNG Limited said ...

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Sea Shepherd Takes Japanese Whalers to Court

Sea Shepherd Takes Japanese Whalers to Court

A US-based marine conservation organization Sea Shepherd Conservation Society has filed claims against Japan’s ...

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Port of Melbourne Lease Moving Forward

Port of Melbourne Lease Moving Forward

The Andrews Labor Government in Victoria, Australia is pushing forward with the lease of the Port of Melbourne for ...

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Captain and Crewman Die in Tugboat Sinking off Busan Port

Captain and Crewman Die in Tugboat Sinking off Busan Port

A 53-year-old captain and a crew member died when their tugboat sank near South Korea’s Busan Port, Yonhap ...

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MISC Allocates USD 1 Billion for Capex

MISC Allocates USD 1 Billion Capex

MISC Bhd, a shipping arm of Petronas, has set aside USD 1 billion for capex (capital expenditure) in 2015, which ...

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Bangladeshi Shipbreakers Take the Lead

Bangladeshi Shipbreakers Take the Lead

There has been a firm level of ship demolition activity in the first four months of 2015 and the two largest owner ...

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Shen Neng 1 Owners Sued over 2010 Great Barrier Reef Spill

Chinese Bulker Owner Sued over 2010 Great Barrier Reef Spill

Australia has filed a lawsuit against the owners of the Chinese-registered bulk carrier Shen Neng 1 to recover ...

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New Zealand Ferry to Test Fuel Combined with Water

New Zealand Ferry to Test Fuel Combined with Water

Interislander ferry Arahura is trialling Fuel Oil Emulsion (FOE) technology in one of the ship’s auxiliary engines. ...

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Charterers Moving 20% of Global Cargo Shun Inefficient Ships

Container Ship

Charterers representing twenty percent of global shipped tonnage now have policies in place to avoid using the most ...

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VLGC Fleet to Increase by 23 Pct in 2015

VLGC Fleet to Increase by 23 Pct in 2015

Some 37 very large gas carriers (VLGCs) of a total capacity of 3.1 million cum are to be delivered this year, ...

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Seafarer Falls Overboard from Korean Bulker, Feared Dead

Seafarer Falls Overboard Korean Bulker, Feared Dead

A crew member of a Korean-flagged bulk carrier is believed to had fallen overboard while the ship was en route to ...

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Hyundai Heavy First to Build 2,000 Ships

Ocean BlackLion

South Korea’s Hyundai Heavy Industries (HHI) became the first shipyard in the world to build and deliver ...

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JES Restructuring Bid Rejected

JES Restructuring Bid Rejected

Taizhou Intermediate People’s Court has rejected the proposed restructuring bid submitted by the ...

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Taiwan Proposes South China Sea Peace Initiative

Taiwan Proposes South China Sea Peace Initiative

Taiwan’s President Ma Ying-jeou proposed a joint peace initiative to resolve territorial disputes in the ...

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Video: Teekay’s Tanker Market Update – May 2015

Teekay

Teekay Tankers, part of Teekay Group, operates a fleet of over 95 tankers, including aframax, long range (LR), ...

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Interview: Trials and Tribulations of the Dry Bulk Market

Trials and Tribulations of the Dry Bulk Market2

The dry bulk shipping market has been hit hard by the downturn of the Baltic Dry Index (BDI) that fell to ...

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Cargo Ship Sinks off Gaolan Port

Cargo Ship Sinks off Gaolan Port

Zhuhai Maritime Bureau rescued nine crew members from a cargo ship that sank near the Gaolan port on May 21, ...

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Readers’ Picks of the Week (18-22 of May)

Readers’-Picks

Interview: Time for Carriers to Get Ahead of the Curve The 2015 has started off as a pretty challenging year for ...

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South Korea Opens Bidding for Sewol Ferry Salvage

South Korea Opens Bidding for Sewol Ferry Salvage

The government of South Korea has today opened bidding to select a salvage company to raise the Sewol ferry which ...

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LPG Coaster Shipping to Remain Weak in 2015

LPG Coaster Shipping to Remain Weak in 2015

Oversupply of vessels in the LPG coaster shipping market continue pushing rates below pre-financial crisis levels, ...

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Nippon Foundation to Set Aside USD 100 Million for WMU

Nippon Foundation to Set Aside USD 100 Million for World Maritime University

Japan’s Nippon Foundation plans to set up a special endowment fund worth USD 100 million to support Swedish ...

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DP World Brisbane Orders Two Kalmar Auto Stacking Cranes

DP World Brisbane Orders Two Kalmar Auto Stacking Cranes

Dubai-based port operator DP World has ordered two new Kalmar automatic stacking cranes (ASCs) for its ...

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Migrants Might Pose Risk to Unguarded Merchant Ships

Migrants Might Pose Risk to Unguarded Merchant Ships

Only those commercial ships operating with security personnel onboard should assist in rescuing seaborne refugees, ...

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Carriers More Reliable in April

Carriers More Reliable in April

Container service reliability reached a data-series high in April with the aggregate on-time performance for the ...

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ITF Raps Australian Coastal Trading Act Reforms

ITF Chides Australian Cabotage Act Reforms

The International Transport Workers’ Federation (ITF) has criticised moves by the Australian government to ...

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