LNG Shipping Market Lulled in Q1, Recovery on the Horizon

LNG Shipping Market Lulled in Q1

The first quarter of 2015 saw a material fall in demand and charter rates for LNG shipping, Golar LNG Limited said ...

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Firefighters to Flood Cargo Holds of Purple Beach

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Four firefighters managed to board a general cargo ship Purple Beach that has been burning off Germany’s ...

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Evergas Takes Delivery of First Dragon Class Gas Carrier

Evergas Takes Delivery of First Dragon Class Ethane Carrier

The first in a series of 27,500 cbm ‘Dragon’ class vessels ordered by Evergas, owner and operator of ...

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Steel Cut for Crowley’s Second LNG-Powered ConRo Ship

Jensen's Ken Inabinett, structural inspector, ConRo team

VT Halter Marine, Inc., a subsidiary of VT Systems, Inc., has began construction on Taíno, Crowley Maritime Corp.’s ...

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Sulphur-Laden Bulker Runs Aground in Gulf of Mexico

Jian Qiang

A bulk carrier loaded with sulfur ran aground in the Gulf of Mexico on Tuesday, while transiting outbound from ...

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GOGL Posts Loss, Delays Delivery of 19 Newbuilds

GOGL Posts Loss, Delays Delivery of 19 Newbuilds

Golden Ocean Group Limited, a dry bulk shipping company created through a merger of former Knightsbridge Shipping ...

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Port of Melbourne Lease Moving Forward

Port of Melbourne Lease Moving Forward

The Andrews Labor Government in Victoria, Australia is pushing forward with the lease of the Port of Melbourne for ...

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MISC Allocates USD 1 Billion for Capex

MISC Allocates USD 1 Billion Capex

MISC Bhd, a shipping arm of Petronas, has set aside USD 1 billion for capex (capital expenditure) in 2015, which ...

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PSA Panama International Terminal Expansion Kicks Off

PSA Panama International Terminal Expansion Kicks Off

Panama has taken another firm step toward boosting its capacity as an international transhipment hub with the ...

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Bangladeshi Shipbreakers Take the Lead

Bangladeshi Shipbreakers Take the Lead

There has been a firm level of ship demolition activity in the first four months of 2015 and the two largest owner ...

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Liner Alliances BEO under Review in Singapore

Liner Alliances BEO under Review in Singapore

The Competition Commission of Singapore (CCS) is seeking public feedback on the extension of the Block Exemption ...

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Höegh LNG Snags Chilean FSRU Contract

Höegh LNG Snags Chilean FSRU Contract

Norwegian owner and operator of LNG floating terminals Höegh LNG Holdings has signed a 20-year Floating Storage and ...

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AML Ship Management Fined for Dumping Waste off Alaska

AML Ship Management Fined for Dumping Waste off Alaska

German shipping company AML Ship Management GmBH has been ordered to pay USD 800,000 fine for dumping oily bilge ...

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FreeSeas Lays Groundwork for Fleet Expansion

FreeSeas Lays Ground for Fleet Expansion

Athens-based dry bulk shipping company FreeSeas Inc. has sold two bulker vessels as part of a financing deal it ...

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Freighter Burning off Germany, Authorities Say Might Explode

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A general cargo ship Purple Beach has been burning in the North Sea off Germany’s coast since Monday, and it ...

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Charterers Moving 20% of Global Cargo Shun Inefficient Ships

Container Ship

Charterers representing twenty percent of global shipped tonnage now have policies in place to avoid using the most ...

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VLGC Fleet to Increase by 23 Pct in 2015

VLGC Fleet to Increase by 23 Pct in 2015

Some 37 very large gas carriers (VLGCs) of a total capacity of 3.1 million cum are to be delivered this year, ...

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Libya Closes Power Station following Tanker Bombing

Following the bombing of one of its tankers by the internationally-recognized government forces, the National Oil ...

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SCI Improves Quarterly Profit Sevenfold

SCI Improves Quarterly Profit Sevenfold

India’s state-owned shipping company Shipping Corporation of India Ltd (SCI) has reported a quarterly profit ...

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Seafarer Falls Overboard from Korean Bulker, Feared Dead

Seafarer Falls Overboard Korean Bulker, Feared Dead

A crew member of a Korean-flagged bulk carrier is believed to had fallen overboard while the ship was en route to ...

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Four Bodies from Sunken Sand Barge Recovered

Four Bodies from Sunken Sand Barge Recovered

Bodies of four crewmen from a sand-carrier barge Oceanline SC208 which capsized and sank off Singapore on May 20 ...

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Strike at Callao Port Already Cost Exporters USD 50 Mln

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The ongoing dispute between dockers at Callao port, in Peru and APM Terminals has already resulted in over USD 50 ...

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Hyundai Heavy First to Build 2,000 Ships

Ocean BlackLion

South Korea’s Hyundai Heavy Industries (HHI) became the first shipyard in the world to build and deliver ...

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JES Restructuring Bid Rejected

JES Restructuring Bid Rejected

Taizhou Intermediate People’s Court has rejected the proposed restructuring bid submitted by the ...

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Update: Second Activist Leaves Shell Ship

Crew members from Coast Guard Station Bellingham, assist Chiara D’Angelo, an activist, down from the anchor chain of Arctic Challenger

A woman who secured herself to the anchor chain of Shell’s support vessel the Arctic Challenger in ...

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Taiwan Proposes South China Sea Peace Initiative

Taiwan Proposes South China Sea Peace Initiative

Taiwan’s President Ma Ying-jeou proposed a joint peace initiative to resolve territorial disputes in the ...

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Avance’s Newbuilds Repaired

Avance’s Newbuilds Repaired

Norwegian owner and operator of very large gas carriers Avance Gas informed that both of its newbuilds, VLGCs ...

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