Nordic American Tankers Names Two New Suezmaxes

Image Courtesy: NAT

Bermuda-based tanker owner Nordic American Tankers Limited (NAT) has named two of its new Suezmax ...

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Sea Shepherd to Launch Antarctic Whale Defense Campaign

Image Courtesy: Tim Watters/Sea Shepherd

In December this year, the marine conservation group Sea Shepherd Global plans to send its vessels to the Southern ...

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WinGD Engines to Propel SK Shipping's New LNG Carriers

Image Courtesy: SK Shipping

South Korean shipowner SK Shipping has ordered engines for its new 180,000 m3 liquefied natural gas (LNG) carriers ...

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Chevron Inks LNG Sales and Purchase Deal with ENN

Image Courtesy: Chevron

US-based energy company Chevron Corporation has, through its subsidiary Chevron U.S.A., signed a binding LNG Sales ...

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Creditors to End Hanjin Shipping's Financial Support

Image Courtesy: Hamburg hafen-HHM/Dietmar Hasenpusch

The ailing South Korean container carrier Hanjin Shipping has taken a step toward bankruptcy as its creditors said ...

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India to Inject More Financial Aid in Ports

Image Courtesy: JNPT

India’s Ministry of Shipping has increased the scope of the Sagarmala project to provide financial support to ...

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MHI Eyes Alliances with Three Japanese Shipbuilders

Image Courtesy: MHI

Due to the current environment surrounding the shipbuilding industry, the Japanese shipbuilder Mitsubishi Heavy ...

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Rickmers, E.R. Schiffahrt Shelve Merger Plans

Image Courtesy: Rickmers

Rickmers Holding AG and E.R. Capital Holding have decided not to pursue the merger of their ship management units ...

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Interview: More Boxships Set to Join Scrap Markets in 4Q


As the shipping industry saw an abundance of vessels leading to overcapacity in the shipping industry, accompanied ...

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Sembcorp Buys Remaining Stake in PPL Shipyard

Image Courtesy: PPL Shipyard

Singapore-based global marine and offshore engineering company Sembcorp Marine has completed the acquisition of the ...

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Keppel Names Bumi Armada’s FPSO

Image Courtesy: EnQuest

The naming ceremony for the Floating Production Storage and Offloading (FPSO) vessel Armada Kraken was held ...

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Hyundai Heavy to Build Two Tankers for Enterprises Shipping

Image Courtesy: HHI

Greece-based shipping company Enterprises Shipping and Trading has placed an order for two 158,000 dwt ...

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Report: Hanjin, Seaspan Reach Deal on Charter Rate Cuts

Image Courtesy: Hanjin Shipping

South Korean shipping firm Hanjin Shipping has marked some progress in its self-rescue plan as it reportedly ...

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Drewry: Container Shipping Rates See Signs of Reversal

Image Courtesy: European Biofuels

Volatility in container shipping freight rates is expected to remain very high as long as over-capacity and carrier ...

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Readers' Picks of the Week

Readers’ Picks of the Week (Nov 16th – Nov 20th)

Alphaliner: Hapag-Lloyd Unveils UASC’s USD 4 Bn Debt Ahead of Hapag-Lloyd’s annual general meeting, the German ...

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Lackluster Freight Rates Push China COSCO Further into Loss

Image Courtesy: COSCO Holdings

Dragged by lackluster freight rates in the container shipping market during the first half of 2016, the shipping ...

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VTTI Suspends Ops at Malaysian Terminal due to Oil Spill

Image Courtesy: VTTI

Energy storage company VTTI, owned by energy trader Vitol, has suspended operations at its terminal in Malaysia due ...

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Spotted: Giant Pipe Racks on HHL Valparaiso

Image Courtesy: Hansa Heavy Lift

German shipping company Hansa Heavy Lift has transported five pipe racks and three modules for a new floating ...

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MSC to Add New Cheetah Service

Image Courtesy: MSC

Switzerland-headquartered Mediterranean Shipping Company (MSC) plans to launch a new weekly container service ...

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Klaveness, EGD Partner Up on Two Newbuildings

Image Courtesy: Klaveness

Norwegian company Klaveness Shipholding and its compatriot EGD Shipholding have reached an agreement to partner in ...

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Report: Hanjin Shipping Submits New Self-Rescue Plan

Image Courtesy: Hanjin Shipping

South Korean container carrier Hanjin Shipping has submitted a new self-rescue plan which would see the company ...

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Pacific Basin Orders BWMS Retrofitting for 20 Ships

Image Courtesy: Pacific Basin

Hong Kong-based bulk shipping company Pacific Basin Shipping Limited has established a Ballast Water Management ...

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Indonesian Navy Arrests Rogue Vier Harmoni

Image Courtesy: Tentara Nasional Indonesia Angkatan Laut

The Indonesian Navy’s Western Fleet Quick Response Team (WFQR) of Tanjung Pinang Naval Base has found and arrested ...

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Seaspan Raises USD 80 Mn by Selling Shares

Image Courtesy: Seaspan Corporation

Hong-Kong based shipping company Seaspan Corporation has closed the sale of its previously announced public ...

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K Line to Set Up 2 Asia India Pakistan Services

Image Courtesy: K Line

Japanese shipping company Kawasaki Kisen Kaisha (“K” Line) is to launch two new Asia/India/Pakistan ...

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VIDEO: Höegh Autoliners Names Fifth PCTC

Image Courtesy: Höegh Autoliners

Norwegian RoRo shipping company Höegh Autoliners has named its fifth Pure Car Truck Carrier (PCTC) in the New ...

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OOCL Returns to Incheon Port

Image Courtesy: Incheon Port Authority

OOCL, a Hong Kong-based shipping company and member of the G6 Alliance, is returning to South Korea’s Incheon ...

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