Moody's: MOL's Outlook Changed to Negative

Image Courtesy: Hamburg Hafen

Moody’s Japan K.K. has affirmed the Ba1 corporate family rating of Mitsui O.S.K. Lines, Ltd. (MOL) but it has ...

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Police Remove Aussie Crew from CSL Melbourne

Image Courtesy: MUA

After several days of refusing to sail the ship to Singapore, the Aussie crew of the CSL Melbourne bulk carrier ...

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Pacific Pearl Arrives for New Zealand Cruise Season

Image Courtesy: P&O Cruises

Australian P&O Cruises, brand of Carnival Group, has sent its 1800-guest Pacific Pearl to Auckland for the ...

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MUA: CSL Melbourne's Aussie Crew Pressured to Leave Ship

Image Courtesy: MUA

The 16 Australian crew on board the CSL Melbourne have been locked out from accessing food, according to the ...

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Daiichi Gets More Time for Rehabilitation Plan

Image Courtesy: Daiichi

Tokyo District Court has granted Japanese dry bulk shipping company Daiichi Chuo Kisen Kaisha an extension of the ...

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Losses Drive Down Mitsui’s Full Year Forecast

Image Courtesy: MES

Japanese shipbuilder Mitsui Engineering & Shipbuilding (MES) has cut the financial forecast for fiscal year ...

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Port Hedland’s Volumes Down

Image Courtesy: Pilbara Ports

Australian port of Port Hedland has achieved a monthly throughput of 34.1 million tonnes (Mt) in January 2016, a ...

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Aussie Crew of Another Bulker Lose Jobs to Foreign Workers

Image Courtesy: MUA

Another Australian ship is being replaced by a foreign one according to the Maritime Union of Australia, as Pacific ...

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MES Ventures into FPSO Chartering

Image Courtesy: Modec

Japanese shipbuilder Mitsui Engineering and Shipbuilding is setting up a business section within its Ocean Business ...

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Drewry: Half of Over 12-Year-Old Capesizes Need to Go

Image Courtesy: Diana

If dry bulk ship-owners collectively removed half of all capesize ships over 12 years old, equating to around 20 ...

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Japan's Big Three Downgrade Forecasts as They Post Losses

Image Courtesy: WSC

Japanese three shipping giants have all downgraded their expectations for the full-year consolidated results as ...

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Aframaxes to Outperform Larger Crude Tankers

Image Courtesy: Brodosplit

Limited supply growth in the Aframax sector of only 3.5% through the end of 2020 in addition to paradigm shifts in ...

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Australia's Biggest Bulk Export Port Evacuates Vessels

Image Courtesy: Pilbara Ports Authority

Pilbara Ports Authority has commenced evacuating the inner and outer anchorages at Australia’s largest iron ...

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Crude Oil Tanker Market to Surge in 2016

Image Courtesy: Euronav

The crude oil tanker market is expected to grow strongly in 2016, with projected fleet increase of 4.3%, BIMCO ...

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Vessel Ordering Down 40% in 2015

Image Courtesy: HHI

Overall contracting of new vessels in 2015 dropped by 40% to 1,306 units from 2,162 in 2014, with estimated ...

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Japan Wants More Oil from Iran

Image Courtesy: NITC

Following the sanctions lifting against Iran on Friday, Japan plans to extend its deal on crude oil purchase from ...

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BIMCO: Containerships Speeding Up

Image Courtesy: WSC

The lower fuel price may not be such a blessing for containership owners after all, especially with relation to ...

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ITF to Check Seaferers’ Working Conditions in East Asia

Image Courtesy: Mission to Seafarers

Inspectors of the International Transport Workers’ Federation (ITF) have joined forces with dockers’ and ...

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BIMCO: 40m of Dry Bulk Tonnage to Be Scrapped in 2016

Image Courtesy: NGO Shipbreaking Platform

Dry bulk shipping capacity of 40 million DWT will be sold for demolition during 2016, making this year the busiest ...

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Svitzer, Unions Shake Hands on Four-Year Industrial Contract

Image Courtesy: Svitzer

Danish tug operator Svitzer Towage has reached an agreement with the three tug crew unions to operate under a ...

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Alphaliner: Containership Growth to Hit Record Low

Image Courtesy: World Shipping Council

This year’s global containership capacity is expected to grow at a pace of only 4.6%, the lowest ever ...

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BW Offshore Gets One, Loses One

Image Courtesy: BW Offshore

FPSO contractor BW Offshore said that Ithaca Energy has decided to terminate the charter contract of the FPSO BW ...

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Australia's Tugboat Strikes Delay 15 Ships in Port Adelaide

Image Courtesy: Flinders Ports

At least 15 ships were delayed at the Port of Adelaide due to nationwide strikes on board Svitzer Australia’s tugs ...

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BG Group Braves Difficult Year

Image Courtesy: BG

Despite difficult market, 2015 seems to have been a very positive year for BG Group as the company may even exceed ...

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Time for Offshore Energy Companies to Diversify

Image Courtesy: Damen

Companies serving the offshore energy sector must accept that crude oil prices are not going to bounce back anytime ...

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NYK Line Charters Out Wood-Chip Carrier Newbuild

Image Courtesy: Port of Rotterdam

Japanese shipping company Nippon Yusen Kaisha (NYK Line) has concluded a long-term contract with compatriot ...

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Strikes Winning Down at Australia’s Ports

Image Courtesy: Maersk

The Australian Institute of Marine and Power Engineers (AIMPE) has proceeded today with the second round of ...

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