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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Moody's: MOL's Outlook Changed to Negative

Image Courtesy: Hamburg Hafen

Moody’s Japan K.K. has affirmed the Ba1 corporate family rating of Mitsui O.S.K. Lines, Ltd. (MOL) but it has ...

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Oil Removal from Grounded CSCL Indian Ocean Starts

Image Courtesy: Youtube

Authorities started pumping oil from the grounded containership CSCL Indian Ocean on the Elbe River in an attempt ...

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Gallery: Maersk Connector Ready for Subsea Ops

Image Courtesy: DAMEN

The DP2 cable installation vessel Maersk Connector, built at Damen Shipyards Galati in Romania, was handed over to ...

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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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Sill Reinforcements in New Panama Canal Locks Completed

Image Courtesy: ACP

The sill reinforcements in the new locks of the Panama Canal have been completed this week, bringing the Panama ...

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VIDEO: Modern Express Finds Safe Haven in Bilbao

Image Courtesy: Spanish Maritime Safety Agency

The ill-fated car carrier Modern Express, which has been drifting in rough seas for over a week, safely arrived at ...

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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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Police Remove Aussie Crew from CSL Melbourne

Image Courtesy: MUA

After several days of refusing to sail the ship to Singapore, the Aussie crew of the CSL Melbourne bulk carrier ...

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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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Svitzer Firms Presence in the Caribbean

Image Courtesy: Svitzer

Towage specialist Svitzer has inked a 2.5 year contract to offer marine services at the NuStar terminal in St. ...

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Port of Antwerp Vies for More Attention from China

Image Courtesy: Port of Antwerp

Belgian Antwerp Port Authority has signed a partnership agreement with the Industrial and Commercial Bank of China ...

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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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Pacific Pearl Arrives for New Zealand Cruise Season

Image Courtesy: P&O Cruises

Australian P&O Cruises, brand of Carnival Group, has sent its 1800-guest Pacific Pearl to Auckland for the ...

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Diana Shipping to Add Three Panamax Dry Bulkers

Image Courtesy: Diana Shipping

Greek dry bulk ship owner Diana Shipping has signed three Memoranda of Agreement to acquire three Panamax vessels ...

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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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Navios Maritime Cuts Cash Distributions as Its Profit Drops

Image Courtesy: Navios Maritime

Greek owner and operator of container and dry bulk vessels Navios Maritime Partners has seen its revenues decrease ...

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DNV GL, RS Ink Cooperation Deal

Image Courtesy: DNV GL

International certification body and classification society DNV GL has entered into a bilateral framework agreement ...

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DHT Holdings Reaps VLCC Gains

Image Courtesy: DHT Holdings

Bermuda-based crude oil tanker owner and operator DHT Holdings reported annual net income of USD 105.3 million for ...

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Safe Bulkers Extends Facility Repayment by Two Years

Image Courtesy: Safe Bulkers

NYSE-listed dry bulk shipping company Safe Bulkers, Inc. has extended the term of its existing credit facility ...

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Boxship Giant Grounds on the Elbe River

Image Courtesy: Youtube

The 184,320 dwt containership CSCL Indian Ocean, one of the world’s biggest boxships, grounded on the Elbe ...

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Strong Tanker Market Pushes Ardmore’s Earnings

Image Courtesy: Ardmore Shipping

Owner and operator of mid-size product and chemical tankers Ardmore Shipping Corporation reported a net profit of ...

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Capital Product Partners Fixes Two Boxships

Image Courtesy: Capital Product Partners

Greek shipping company Capital Product Partners has signed charter employments for its two 8,266 TEU container ...

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IRISL Coming Back to Europe by End of the Month

Image Courtesy: IRISL

Islamic Republic of Iran Shipping Lines (IRISL) plans to return to Europe before the end of this month, with HDS ...

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Greek Port Strikes Get Prolonged

Image Courtesy: THPA

A new 24 hour general strike has been announced in Greece on 4 February by both public and private sector unions, ...

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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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