Legacy Ship Portfolio Still a Heavy Burden for HSH Nordbank

Legacy Ship Portfolio Still a Heavy Burden for HSH Nordbank

German lender HSH Nordbank is in talks with its government owners and the European Commission over long-running ...

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HKND Group: Nicaragua Grand Canal Has Public Approval

Nicaragua Grand Canal Has Public Approval

China’s HKND Group said that a recent survey has shown that 78% of Nicaraguans support the USD 50 ...

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MSC Boxship Towed after Losing Power off Spain

Big Boxship Towed after Losing Power off Spain

Spanish maritime salvage and rescue organisation Salvamento Maritimo was called in yesterday to tow the 9,400 TEU ...

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Infographic: Building Modern Marvels

Messer-IG-Combined-Final

Have you ever asked yourself how the biggest ships were made? Today’s infographic brings you detailed ...

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UASC Boxship Catches Fire at Port of Hamburg

UASC Boxship Catches Fire at Port of Hamburg

Firefighting crews were called in to intervene today at the Port of Hamburg after one of the containers ...

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Hutchison Ports and MUA Agree to Hash Over Wharfie Sackings

Hutchison Ports and MUA Agree to Hash Over Wharfie Sackings

Maritime Union of Australia (MUA) and stevedoring company Hutchison Ports Australia have agreed to return to the ...

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CSCL’s 1H Profit Takes a Major Blow

CSCL's 1H Profit Takes a Major Blow

China Shipping Container Lines Company Limited (CSCL) has recorded a steep decline in profit recording 97.5 % fall ...

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Spotted: Oak Spirit Starts Taking Shape at DSME

DSME Starts Building Teekay's 2nd LNG Ship

Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has laid the keel for Teekay’s second ...

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Wan Hai Sets Up Outpost in Peru

Wan Hai Lines Peru S.A.C

Taiwanese container carrier Wan Hai Lines and Peru’s Transtotal Agencia Maritima have recently set up a joint ...

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BW LPG Decides Not to Buy Dorian Stake

BW LPG Decides Not to Buy Dorian Stake

BW LPG Limited has decided not to exercise the option to purchase an equity interest in New York-listed liquefied ...

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Sainty Marine Turns to Arbitration over Order Cancellations

Sainty Marine Turns to Arbitration over Order Cancellations

Shenzhen-listed shipbuilder Jiangsu Sainty Marine Corp informed that it has filed for arbitration at London ...

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LR to Class Largest Heavy Lift Crane Vessel

LR to Class Largest Heavy Lift Crane Vessel

International classification society Lloyd’s Register (LR) has won a contract to class the world’s largest ...

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Hundreds Feared Dead after Boat Sinks off Libya

Hundreds Feared Dead after Boat Carrying Migrants Sinks off Libya

Around 200 people are missing and feared dead after an overcrowded boat carrying African migrants across the ...

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Cosco Pacific Increases Profit Despite Weaker Euro

Cosco Pacific Increases Profit Despite Weaker Euro

Hong Kong-based container terminal operator Cosco Pacific Limited, part of Cosco Group, saw a 5% dip in revenue ...

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Finnlines Returns to Wartsila for More Scrubbers

Finnlines Returns to Wartsila for More Scrubbers

Finnish shipping company Finnlines Plc, part of the Grimaldi Group, has entered into a repeat order with Wärtsilä ...

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Frontline CEO: Tanker Orderbook Is a Concern

Tanker Orderbook Is a Concern

The strength of the tanker market which has enjoyed pretty high rates may be threatened by the inflow of the new ...

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NYK Ships First Cars from New Pipavav RoRo Terminal

NYK Ships First Cars from New Pipavav RoRo Terminal

The first consignment comprising 1,380 new Figo Aspire vehicles produced at a plant of Ford India in Sanand, ...

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Erika Closes Virgin Islands and Puerto Rico Ports

Tropical Storm Erika Closes Virgin Islands and Puerto Rico Ports

The U.S. Coast Guard set Port Condition ZULU at midnight local time Wednesday for all the ports in the U.S. Virgin ...

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MacGregor Hatlapa to Cull up to 100 Jobs

MacGregor Hatlapa to Cull up to 100 Jobs

Cargotec’s MacGregor is planning to lay off around 100 employees at MacGregor Uetersen site in Germany by ...

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Nigeria Bins Crude Oil Delivery Contracts

Nigeria Bins Crude Oil Delivery Contracts

The Nigerian National Petroleum Corporation (NNPC) has cancelled the contract for the delivery of crude oil to the ...

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Seadrill Delays Newbuilds amid Challenging Market

Seadrill Delays Newbuilds amid Challenging Market

Offshore drilling company Seadrill has delayed deliveries of two drillships currently under construction for two ...

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Odfjell Posts Best Quarterly Performance since 2008

Odfjell

Norwegian shipping and tank terminal company Odfjell said that it has posted the best quarterly operational ...

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Petrobras Fuel Tank Blast Kills Two Workers

Vitória Terminal

Two workers were killed in an explosion on Wednesday, August 26, at a fuel-unloading terminal used by a unit of ...

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Port and Government Officials Probed over Tianjin Blasts

Port and Government Officials Probed over Tianjin Blasts

Chinese prosecutors have started investigations against eleven current and former government and port officials for ...

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Hunger Strike at APMT Mumbai Ends

APMT Mumbai

A hunger strike at Gateway Terminals India (GTI) Mumbai that lasted for 17 days has come to an end after management ...

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Chartering of LNG Shipping Weakens Further in Q2

Q2 Marked by Weak Market for Chartering of LNG Shipping

The market for chartering of LNG shipping deteriorated further during the second quarter of 2015, Golar LNG said in ...

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Uni-Asia and Yamasa Team Up to Buy Four Bulkers

Uni-Asia and Yamasa Team Up to Buy Four Bulkers

Hong Kong-based ship owner and charterer Uni-Asia Holdings Limited has entered into four agreements with its ...

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