Epic Gas Triples Its Loss

Epic Gas Triples Its Loss

Singapore-based LPG shipping provider Epic Gas recorded USD 23 million net loss and USD 8.8 million operating loss ...

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Don't Underestimate Piracy Threat in Indian Ocean

Combined Task Force 151 makes first suspected pirate capture

Underestimating the security risk in the Indian Ocean could put ships in great danger once again, says maritime ...

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Hanjin Heavy Nabs LPG Duo

Hanjin Heavy Nabs LPG Duo

South Korean shipbuilder Hanjin Heavy Industries and Construction (HHIC) has received an order for construction of ...

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JEHI Shipyard Seeks Court Protection

JEHI Shipyard Seeks Court Protection

China’s Jiangsu Eastern Heavy Industries shipyard (JEHI), a subsidiary of JES International Holdings, has ...

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GAIL Bins Paradip LNG Terminal Plans

GAIL BINS PARADIP TERMINAL PLANS

India-based gas utility GAIL has scrapped plans for a floating liquefied natural gas (LNG) import terminal off ...

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Evergreen Line Targets Southeast Asia Growth Potential

Evergreen-Line-to-Targets Southeast Asia Growth

Evergreen Line has set sights on tapping into the growth potential of Intra-Asia container shipping trades. Namely, ...

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CMES Sends Eight Ships to Scrapyard

Illustration

State-backed shipping giant China Merchants Energy Shipping (CMES) said it was going to scrap eight more of its ...

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NYK Line Boosts Its Container Service to Southeast Asia

NYK Arcadia  am 20.6.11 ausgehend Hamburg

Japan’s NYK Line decided to expand its service network linking Japan, Thailand, and Vietnam amid increasing ...

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BIMCO Launches Green Guide

BIMCO Launches Green Guide

The international shipping association BIMCO has launched a new, three-part guidance resource called Guide to ...

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Cosco Freighter Arrested in Colombia

Cosco Freighter Arrested in Colombia

Colombian authorities detained Cosco’s general cargo ship Da Dan Xia at the Port of Cartagena on March 1, on ...

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Spot Freight Rates Likely to Fall Further

Spot Freight Rates Likely to Fall Further

Liner spot rates on the Asia-North Europe market have dipped below USD 900/teu due to lower volumes in the ...

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Overcapacity Plaguining Middle East-South Asia Box Trade

Overcapacity Plaguining Middle East-South Asia Box Trade

Box traffic from Asia to the Middle East did far better in 2014 when compared to 2013 figures, increasing by 6.9% ...

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Indonesia to Invest USD 292 Mln in New Ships

Indonesia to Invest USD 292 Mln in New Ships

The Indonesian government has assigned around USD 292.5 million to build new passenger and freight ships under the ...

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Lomar Bolsters Containership Fleet

Lomar Bolsters Containership Fleet

Libra Group’s Lomar is boosting its containership fleet capacity with up to seven ships as it sets sight on ...

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NYK Sells Crystal Cruises

NYK Sells Crystal Cruises

The Tokyo-based shipping company Japan Nippon Yusen Kabushiki Kaisha (NYK) has sold its entire equity interest in ...

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Honey Badger, Wolverine Enter Star Bulk’s Fleet

Honey Badger, Wolverine Enter Star Bulk's Fleet

The Nasdaq-listed dry bulk shipping company Star Bulk Carriers has taken delivery of M/V Honey Badger and M/V ...

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Manila Port Congestion Woes Are Over

Manila Port Congestion Woes Are Over

The congestion at the port of Manila has been resolved and port operations have been completely normalized, the ...

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Thoresen Shipping Escapes Red

Thoresen Shipping Escapes Red

The Bangkok-headquartered dry bulk operator Thoresen Shipping, part of  Thoresen Thai Agencies, has managed to end ...

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India Pushes for Corporatization of Its Ports

Port of Gujarat

India is encouraging corporatization of its twelve state-backed ports as it strives for revitalization of its ...

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MOL Orders Six Ultra Large Boxships

MOL Orders Six Mega Boxships

Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL) has placed an order for six 20, 000 TEU containerships. ...

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Shagang Shipping Joins the Bankruptcy Club

Shagang Shipping Joins the Bankruptcy Club

Depressed bulk shipping market has taken another victim as Chinese dry bulk shipping company Shagang Shipping joins ...

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Astomos Energy Expands LPG Fleet

mhi

 Tokyo-based Astomos Energy Corporation has placed an order for a very large liquefied petroleum gas (LPG) carrier ...

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BW LPG Exercises Option to Buy VLGC

BW LPG Exercises Option to Buy VLGC

Singapore-based gas carrier owner and operator BW LPG has exercised the purchase option for the chartered very ...

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Pan Ocean Boasts USD 750 Mln Profit

worldmaritimenews.com PAN-OCEAN-530x370

South Korean bulk shipping company Pan Ocean has reported a net profit of USD 750.9 million in its full year ...

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CSIC Scrutinized by Anti-Corruption Team

CSIC Scrutinized by Anti-Corruption Team

China’s central government’s anti-corruption team has launched an investigation into the operation of China ...

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Who Can Afford Giant Boxships?

Who Can Afford Giant Boxships

The trend of ordering ultra large container ships seems to have picked up the pace recently as more and more lines ...

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Somali Pirates Free Four Hostages

Somali Pirates Release Hostages After almost Five Years

Four Thai fishermen who were held in captivity for almost five years by Somali pirates have been freed, according ...

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