SHI Cancels USD 774 Million LNG FPSO Order

Image Courtesy: SHI

South Korea’s Samsung Heavy Industries (SHI) has terminated a contract for the construction of a liquefied ...

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Navig8 Product Tankers Takes Fifth Tanker from GSI

Illustration. Source: Navig8 Group/YouTube

Petroleum products shipping company Navig8 Product Tankers has taken delivery of the Navig8 Goal, a 113,000 DWT LR2 ...

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Norden Hits Mother Lode in the Philippines

Image Courtesy: Norden

Danish shipping company Dampskibsselskabet Norden A/S has entered into a 10-year contract to transport 20-24 ...

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Rolls-Royce Axes 800 More Jobs at Marine Business Unit

Image Courtesy: Rolls-Royce

Rolls-Royce plans to lay off 800 more workers from it Marine business throughout 2016 and 2017 citing ...

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MSC, HMM Jointly Bid for Hanjin's Stake in POLB Terminal

Image Courtesy: Port of Long Beach

Swiss-based container shipping major, Mediterranean Shipping Company (MSC), and South Korea’s carrier, ...

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Fitch Predicts More M&A Activity, Defaults in 2017

Image Courtesy: Hanjin Shipping

Muted demand growth will exacerbate overcapacity for the shipping sector in 2017, putting pressure on freight rates ...

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First 8500 TEU Boxship Enters Port of Brisbane

The Port of Brisbane. Image Courtesy: CNW GroupCaisse de dépôt et placement du Québec.

Australia’s Port of Brisbane has welcomed its first 8500 TEU class container vessel into the port, the Maersk ...

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Putting the Squeeze on Terminal Operators Could Backfire

Image Courtesy: Kalmar

Container shipping lines are in danger of putting future port investment at risk in their demands for terminal ...

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Third BigRoll Module Carrier Leaves Cosco Dalian Shipyard

BigRoll Bering. Image courtesy: BigRoll Shipping

The Netherlands-based BigRoll Shipping has taken delivery of the third of four MC-Class module carriers, the ...

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Kyokuyo Shipyard Delivers Third Epic LPG Carrier

Epic Samos. Image Courtesy: Epic Gas

Singapore-based owner and operator of pressurised gas carriers, Epic Gas Ltd, has taken delivery of the third in ...

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Carbon Warriors Launch Free Ship Operational Efficiency Tool

carbon-warriors-launch-free-ship-operational-efficiency-tool

Carbon War Room, exactEarth, and University Maritime Advisory Service (UMAS) have launched BetterFleet, a ...

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ABS Joins LNG Coalition

Image Courtesy: ABS

Houston-headquartered classification society ABS has joined the SEA\LNG coalition whose objective is to accelerate ...

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MSC Upgrades New Kiwi Service

Switzerland-headquartered Mediterranean Shipping Company (MSC) plans to enhance its New Kiwi Service operating ...

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K Line Adds New RoRo Service on Thailand - Australia Route

Image Courtesy: K Line

Japan’s shipping company Kawasaki Kisen Kaisha (K Line) has decided to enhance its RoRo service in Thailand ...

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WISTA UK: Smart Ships to Carry Cargoes within a Decade

Illustration; Image Courtesy: Wärtsilä

Smart ships are likely to be carrying cargoes within 10 years but all in the logistics chain need to adapt in order ...

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VLGC Oversupply to Put More Pressure on Freight Rates

Image Courtesy: Dorian LPG

High scheduled deliveries and low demolition prospects will drive unwanted fleet growth of very large gas carriers ...

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Chemical Leak at Napier Port Contained

Image Courtesy: Napier Port

A chemical leak which was detected earlier today at New Zealand’s Napier Port has been contained and the ...

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Coal Shippers Not Cashing In on Import Surge in China

Image Courtesy: Diana Shipping

Dry bulk shipowners are not feeling the positive impacts of a surge in China’s coal imports due to a change ...

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MSI: Major Gains in Crude Tanker Market to Be Limited

Image Courtesy: Teekay

The crude tanker market is forecast to experience a limited winter upturn, as only the Very Large Crude Carrier ...

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Dry Bulk Market Heading Into a Firm Festive Season

Image Courtesy: Diana Shipping

After a steady fall in average daily TCE spot earnings in October, November saw an inflection point for Capesizes ...

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BDI Reaches New High in 2016

Image Courtesy: Pilbara Ports Authority

The Baltic Dry Index (BDI) jumped by 26 points and reached 1,257 points on November 18, marking its highest level ...

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ESC, GSF to Tackle Consolidation in Container Shipping

Image Courtesy: European Shippers' Council

Representatives of exporters and importers from around the world, the European Shippers’ Council and the ...

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Partners to Support Anti-Bribery Compliance in Shipping

Image Courtesy: RightShip

Anti-bribery organization TRACE International and RightShip, a provider of online maritime safety and environmental ...

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Alphaliner: Panamax Exodus Set to Continue

Illustration; Image Courtesy: Diana Containerships

Over 100 more classic Panamaxes would need to be scrapped in the coming months to re-balance supply and demand, and ...

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IMO's BWM Regulation to Boost Tanker Scrapping Activity

Image Courtesy: WSC

Weakness in freight rates will increase tanker shipping demolitions over the next two years, with the trend ...

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