ECSA: Shipping Is EU’s Cash Cow

ECSA Shipping Is EU's Cash Cow

The overall contribution of the European shipping industry to the European Union’s GDP in 2013 is estimated to have ...

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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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Cidade de São Mateus Death Toll Rises to Nine

FPSO unit Cidade de São Mateus

The remaining three missing crew of the FPSO unit Cidade de São Mateus have been recovered after almost three weeks ...

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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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Suspected Smugglers Arrested at Ashdod Port

Suspected Smugglers Arrested at Ashdod Port

Israeli police have arrested 17 employees of an unnamed international company operating at the Ashdod ...

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Port of Seattle Sued over Shell Lease Deal

Port of Seattle Sued over Shell Lease Deal

A coalition of five conservation organizations has filed a lawsuit today against the Port of Seattle and the Port ...

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Baltic Trade Deeper in the Hole

Baltic Trade Deeper in the Hole

The NYSE-listed dry bulk shipper Baltic Trading Limited (BALT) ended 2014 with a USD 20.3 million net loss, almost ...

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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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”K” Line Ups the Ante

''K'' Line Ups the Ante

Kawasaki Kisen Kaisha (”K” Line) plans to increase its net income from JPY 25 billion (USD 208.8m) ...

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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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Tugs Free Grounded Maersk Garonne

Tugs Free Grounded Maersk Garonne

The container ship Maersk Garonne, which ran aground while entering the Fremantle Inner Harbour on ...

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Fincantieri’s Profit Dips

Fincantieri Makes Less Despite Order Surge

The Italian shipbuilding group Fincantieri recorded EUR 55 million (USD 61.7m) net profit in 2014, a 35% drop ...

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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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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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Australian Police Finds Meth in Container with Toys

Australian Police Finds Meth in Container with Kids Toys

The Australian Federal Police (AFP) and Australian Customs and Border Protection Service (ACBPS) have seized more ...

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Readers’ Picks of the Week (23-27 of Feb)

Readers’ Picks

Chief Engineer Jailed for Using Magic Hose Noly Torato Vidad, the Chief Engineer of the car carrier Selene Leader, ...

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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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BW LPG Doubles Annual Profit

BW LPG Doubles Annual Profit

Singapore-headquartered gas carrier owner and operator BW LPG has reported a net profit after tax of USD 255.7 ...

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Tallink Firms Up LNG Ferry Deal

Tallink Firms Up Ferry LNG Order

The Estonian ferry operator AS Tallink Grupp and Finland’s Meyer Turku Oy signed a contract for the ...

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