Outlook for Shipping Sector Remains Negative-to-Stable

Outlook for Shipping Sector Remains Negative-to-Stable in FY16

India Ratings and Research (Ind-Ra) has maintained a negative-to-stable outlook for the shipping sector for the ...

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CMHI Issues USD 700 Million Notes to Boost Port Business

CMHI Issues USD 700 Million Notes to Boost Port Business

Hong Kong-listed China Merchants Holdings (International), a subsidiary of China Merchants Group, has ...

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Cairn Mega Port Project Bad for Local Tourism

Cairn Mega Port Project Bad for Local Tourism

The Australian Marine Conservation Society (AMCS) has expressed concerns about the environmental and economic ...

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One Dead, Five Injured in Fire aboard Product Tanker

One Dead, Five Injured in Fire aboard Product Tanker

One person died and five were seriously injured when a product tanker carrying 29,000 tons of diesel oil caught ...

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Drewry: China Slowdown Hurting Container Volumes

China Slowdown Hurting Container Volumes

The risks from a slowdown in Chinese consumption to container shipping are far smaller than for the dry bulk ...

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Body Found on Ferry Ablaze off Hokkaido

Body Found on Ferry Ablaze off Hokkaido

Japan Coast Guard has found a body inside the ferry Sunflower Daisetsu, presumed to be the 44-year-old Kunihiko ...

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Donggi Senoro LNG Project Ships First Cargo

Donggi Senoro LNG Project Ships First Cargo

The first liquefied natural gas (LNG) cargo from Indonesia’s USD 2.9 billion Donggi Senoro LNG Project ...

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DP World Fights Off 750% Rent Hike at Port of Melbourne

DP World Blocks 750 Rent Hike at Port of Melbourne

Dubai-based port operator DP World has managed to negotiate a new 50-year tenure deal at the Port of Melbourne at a ...

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Nantong Tongbao Nabs Order for Eight Chemical Tankers

Nantong Tongbao Nabs Order for Eight Chemical Tankers

China’s Nantong Tongbao Shipbuilding has signed agreements with Shanghai Dingheng Shipping and Xiamen Xiangyu ...

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Mingde Heavy Declares Bankruptcy

Mingde Heavy Declares Bankruptcy

Tongzhou District People’s Court in Nantong officially declared Nantong Mingde Heavy Industry bankrupt on July 31, ...

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Readers’ Picks of the Week (27-31 of July)

Readers' Picks of the Week (27-31 of July)

Egypt Says New Suez Canal Ready for Business New Suez Canal is completed and ready to officially receive its first ...

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Cosco Slides to Loss

Cosco Slides to Loss

Singapore-based Cosco Corporation Limited, an investment holding company engaged in ship building, marine ...

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Japanese Shipping Heavy Hitters Post Improved Results

Japan's Shipping Heavy Hitters Post Improved Quarterly Results

Three largest Japanese shipping companies – Mitsui O.S.K. Lines (MOL), Nippon Yusen Kaisha (NYK) and Kawasaki ...

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Demand for LNG Carriers Drives MHI’s Profit Hike

Demand for LNG Carriers Drives MHI's Profit Hike

Tokyo-based Mitsubishi Heavy Industries (MHI) saw a hike in its shipbuilding generated profit for the first quarter ...

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MES Delivers Third Neo60BC Bulk Carrier

MES Delivers Third Neo60BC Bulk Carrier

Japanese shipbuilder Mitsui Engineering & Shipbuilding (MES) delivered a 60,000 dwt type bulk carrier MV ...

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CSCL Places USD 934m Order for Eight 13,500 TEU Boxships

CSCL Places USD 934 Million Order for Eight 13,500 TEU Boxships

Shanghai-listed China Shipping Container Lines (CSCL) has placed an USD 934.4 million order with Shanghai Jiangnan ...

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NOL Posts USD 890 Million Quarterly Net Profit

NOL Posts USD 890 Million Quarterly Net Profit

Singapore-based NOL Group reported USD 890 million net profit for the quarter ended June 30, USD 887 million of ...

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New Wave of FLNG Projects Imminent

New Wave of FLNG Projects Imminent

 A significant growth in both investment and activity in the floating liquefied natural gas (FLNG) market is ...

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HPA to Cut Almost Half of Its Workforce, MUA to Fight Back

HPA to Cut Almost Half of Its Workforce, MUA to Fight Back

Hutchison Ports Australia (HPA) is about to lay off almost half of its waterfront workforce at Port Botany and ...

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DSME Takes Songa Offshore to Arbitration

Songa Equinox

South Korean shipbuilding giant Daewoo Shipbuilding & Marine Engineering (DSME) is seeking arbitration against ...

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Scorpio Tankers in Potential USD 536 Million Newbuilding Deal

Scorpio Tankers In Potential USD 536 Million Newbuilding Deal

Scorpio Tankers has ordered two MR product tankers and two Handymax product tankers at South Korea’s Hyundai ...

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”K” Line Fixes Two LNG Carriers

''K'' Line Fixes Two LNG Carriers

”K” Line LNG Shipping (UK) Limited (K-LNG), a subsidiary of Japanese Kawasaki Kisen Kaisha ...

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Infographic: Casualties in 2015

Trumpet 29 07 15 Press Version - Final - 605 x 300px (2)

Opting for a job at sea may turn out to be rewarding at times as it offers the opportunity to venture out into the ...

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CSDC and CSCL Receive USD 169m in Scrap-and-Build Subsidies

CSDC and CSCL Receive USD 169m in Scrap-and-Build Subsidies

China Shipping Development Company (CSDC) and China Shipping Container Lines (CSCL) have received a combined ...

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Wan Hai Lines Tops Reliability Poll

Wan Hai Lines Tops Reliability Poll

Taiwanese carrier Wan Hai Lines has beaten Danish container shipping giant Maersk, taking the lead as the most ...

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Seaspan Quadruples Quarterly Net Profit

Seaspan Quadruples Quarterly Net Profit

Hong Kong-headquartered containership owner Seaspan Corporation improved its net earnings by 306% in the second ...

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First Ever Fully Laden Valemax Calls at Chinese Port

First Ever Fully Laden Valemax Calls at Chinese Port

The first-ever fully laden Valemax ore carrier discharged iron ore at a Chinese port over the weekend, according to ...

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