Maersk Sets Sights on Upgrading Alang Recycling Yards

Image Courtesy: Counterview

Danish shipping and energy conglomerate Maersk Group wants to help ship recycling yards in Alang, India to upgrade ...

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Hyundai Heavy Wins First Order in 2016

Image Courtesy: HHI

South Korea’s shipbuilding giant Hyundai Heavy Industries (HHI) has signed an agreement to build two 158,000 ...

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No Reason for Trade Restrictions amid Zika Outbreak

Image Courtesy: Pref. Pereira Barreto / SP

There is no justification for restrictions on travel or trade due to the outbreak of the Zika virus, the ...

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BIMCO: Six VLCCs Mark Strong Delivery Start in 2016

Image Courtesy: Euronav

Six new Very Large Crude Carriers indicate that 2016 is off to a flying start when it comes to delivering brand new ...

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Mercator Offloads Bulker Arm for USD 2

Image Courtesy: Mercator

India’s Mercator International Pct has entered into an agreement to sell 900.85 million shares of the ...

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Wärtsilä Powers Japan Shipping’s Shift to Gas Age

Image Courtesy: Wärtsilä

A total of sixteen new gas carrier ships being built in Japan for Japanese owners are to be powered by Wärtsilä ...

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North Korean’s OMM Continues Dodging UN Sanctions

Image Courtesy: Shipspotting

North Korean shipping company Ocean Maritime Management Company Limited (OMM) continues to evade sanctions by ...

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Alphaliner: FE-ECSA Rates Hit Rock Bottom

Image Courtesy: MSC

Poor market conditions have prompted freight rates in the Far East to East Coast South America (FE – ECSA) ...

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Drewry: To Slow Steam or Not to Slow Steam?

Image Courtesy: Maersk Line

Bunker prices are now at a low level not seen since the early 2000s and with much lower marine fuel prices big ...

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Anaklia Deep Sea Port Construction Contract Awarded

Contract Awarded for Construction of Anaklia Deep Sea Port

The Anaklia Development Consortium LLC has been awarded the USD 2.5 billion contract to build and develop a deep ...

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Readers’ Picks of the Week (1st – 5th Feb, 2016)


Gallery: SMIT Salvage Team Boards Modern Express, Attaches Tow Line The four-member salvage team of SMIT Salvage ...

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Baltic Dry Index Down in the Dumps

Image Courtesy: Pilbara Ports Authority

The Baltic Dry Index has fell below 300 points, plunging to a new low of 298 points on Thursday, February 4. The ...

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Offshore Slump Keeps HHI in the Red

Image Courtesy: HHI

South Korea’s Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, racked up KRW 1.36 trillion ...

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Arctic Liner Shipping to Become Viable around 2040

Image Courtesy: Gazprom

The likelihood of the Northern Sea Route (NSR) to replace the Suez Canal in the transportation of the containerized ...

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MISC Berhad Sees Strong Returns

Image Courtesy: MISC Berhad

Malaysia International Shipping Corporation Berhad (MISC Berhad), a shipping arm of Petronas, has seen an increase ...

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FSL Trust Forced to Sell Boxship Duo

Image Courtesy: FLS Trust

FSL Trust Management Pte, the trusteemanager of First Ship Lease Trust, has sold two containerships for USD 10.8 ...

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Jiangdong Shipyard Delivers North Star Bulker

Image Courtesy: Graig

The fifth in a series of eight Handysize 35,000 dwt bulk carriers, being built at Chinese Jiangdong Shipyard, has ...

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Ship Owners Still Prefer South Asian Shipbreaking Practices

Image Courtesy: NGO Shipbreaking Platform

Ignoring industry leaders and human rights and environmental organisations, ship owners continue to profit from ...

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No Orders for South Korean Shipbuilders in January

Image Courtesy: DSME

January was a very slow month for South Korean shipbuilders as the country’s big three failed to book any new ...

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18 Seamen Evacuated as Cargo Vessel Burns in Tonkin Bay

Image Courtesy: Youtube

A Mongolia-flagged bulk carrier South Star caught fire while moored in Tonkin Bay, Hai Phong, Vietnam, on February ...

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Kidnappings Double in 2015, IMB Says

Image Courtesy: Oceans Beyond Piracy (OBP)

As a result of five attacks off Nigeria, kidnappings doubled from nine in 2014 to 19 in 2015, the International ...

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HPH Trust Stays in the Black

Image Courtesy: HPH Trust

Despite the slow market conditions in 2015, the Singapore-listed container port business trust Hutchison Port ...

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HHI Slashes NOx Emissions from Marine Engines

Image Courtesy: HHI

South Korea-based shipbuilder and marine engine maker Hyundai Heavy Industries (HHI) has produced the world’s first ...

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Iran Connects to China with New Shipping Route

Image Courtesy: IRISL

A new shipping route has been launched between China and Iran following the sanctions lifting against Tehran. ...

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COSCO, ABS to Work on Trans-Arctic Shipping

Image Courtesy: COSCO

China Ocean Shipping (Group) Company (COSCO) has signed a cooperation agreement on Trans-Arctic shipping ...

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CSDC In for Stronger 2015 Profit

Image Courtesy: CSDC

Shanghai-based shipping company China Shipping Development Co (CSDC) expects a positive profit for 2015 in light of ...

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Samsung Heavy Industries Swings to Full Year Loss

Image Courtesy: SHI

South Korean shipbuilder Samsung Heavy Industries (SHI) posted a KRW 1.2 trillion (USD 998 million) net profit loss ...

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