Benetech Shipping to Buy HMM's MR2 Tanker Duo

Athens-based ship management company Benetech Shipping has reached an agreement to purchase two medium range (MR2) ...

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Gas Entec to Build LNG-Powered Reefer Carrier

South Korean engineering firm Gas Entec has inked a memorandum of understanding (MOA) with compatriot shipping ...

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Yang Ming Sets Up Southeast Asia–Australia Service

Taiwanese shipping company Yang Ming Marine Transport Corporation (Yang Ming) has decided to launch a new service ...

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Megaships: Will They Live Up to the Promise?

There are 56 container ships of 18,000 + TEU on order slated for delivery from April, 2017 till June, 2020. The ...

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Banks, Bondholders to Take 75 Pct Stake in Rickmers Group

Hamburg-based containership owner Rickmers Group, a subsidiary of Rickmers Holding AG, has reached an agreement ...

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Winning Shipping to Expand Fleet with Capesize Bulker

China’s shipping firm Winning Shipping has reached an agreement to buy a 180,200 dwt Capesize vessel, the ...

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Shipping Pools - Potential Traps for the Unwary

Pressured by difficult markets and periods of economic uncertainty, shipping companies often turn to pool ...

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South Korea to Investigate Sewol Sinking from May

An investigation into the Sewol ferry sinking is scheduled to be launched in late May, Yonhap News Agency cited ...

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Epic Gas Agrees to Buy LPG Carrier

Singapore-based owner and operator of pressurized gas carriers Epic Gas has opted to further expand its fleet as it ...

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Samsung Heavy Industries Linked to LNG Pair Order

South Korean shipbuilding company Samsung Heavy Industries (SHI) has won an order for an LNG carrier duo, according ...

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Philippine Forces Rescue Cargo Ship from Pirates

The Philippine Coast Guard and Navy have thwarted a pirate attack on a freighter off Zamboanga del Norte, the ...

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New Orders Pouring Into HHI

South Korean shipbuilder Hyundai Heavy Industries (HHI) reported USD 2.04 billion-worth of newbuilding orders in ...

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VLCC, Suezmax Fleet Sees Less Ton Miles in Q1

The global very large crude carrier (VLCC) and Suezmax fleet completed 4.6% less ton miles during the first quarter ...

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EU, Japan Raise Concerns over DSME's Rescue Plan

The European Union and Japan have raised concerns over Daewoo Shipbuilding & Marine Engineering’s (DSME) ...

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China's Iron Ore Import to Boost Dry Bulk Market

Alongside shipping of grains, China’s import of iron ore is set to continue to be a key driver for the demand ...

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Alphaliner: Vessel Demand Rises with New Alliances

With the launch of the new carrier alliances on the east-west trades on April 1, 2017, the demand for vessels and ...

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Euronav Arranges Salvage Ops for Grounded Tanker

Euronav’s crude oil tanker M/T Alex, which ran aground on April 12, could soon be freed as the ship’s ...

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New Search Areas Assigned for Missing Crew of Stellar Daisy

The Uruguayan Navy has designated new search areas for the missing crew of the ill-fated ship Stellar Daisy having ...

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Alang Demolition Activity Declines by More than 30 Pct in 1Q

Demolition activity at Alang yards in the Indian state of Gujarat decreased by 34 percent from January to March ...

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Tapping into Potential of Booming Asian Cruise Market

The recent booming of the cruise industry in the Asian market has proved to be a great business opportunity for ...

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FSL Trust's Aframax to Work for Teekay

Singapore-based First Ship Lease Trust (FSL Trust) has reached an agreement to employ its vessel Aframax crude oil ...

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Wärtsilä to Power World's First LNG-Fuelled OCV

Finnish engineering company Wärtsilä has been selected to equip the first liquefied natural gas (LNG) fuelled ...

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MSI: Strong Dry Bulk Market May Not Persist in 2H

Although the recovery of bulk carrier earnings has fired sale and purchase activity, values and new orders, market ...

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Bondholders' Nod Brings DSME Closer to Fresh Funds

South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) will soon receive a cash injection from its ...

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Hong Kong-Flagged Bulker Arrested in Singapore

Bulk carrier SFL Spey has been detained in Singapore waters, according to Supreme Court of Singapore’s ...

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Newbuild Orders at Chinese Yards Take a Nosedive

China’s shipbuilding industry has experienced a 25.4 percent plunge in newbuilding orders during the first ...

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Spotted: Boxship Leviathan Arrives at HIT

In today’s spotted we bring you an image of MOL Triumph, the world’s second largest containership, calling at ...

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