Royal Caribbean Profit Up on Strong Dollar, Cheaper Fuel

Royal Caribbean Profit Up on Strong Dollar, Cheaper Fuel

Miami-based cruise line Royal Caribbean Cruises Ltd. reported a 26% increase in second quarter earnings, saying it ...

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Cosco Slides to Loss

Cosco Slides to Loss

Singapore-based Cosco Corporation Limited, an investment holding company engaged in ship building, marine ...

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Japanese Shipping Heavy Hitters Post Improved Results

Japan's Shipping Heavy Hitters Post Improved Quarterly Results

Three largest Japanese shipping companies – Mitsui O.S.K. Lines (MOL), Nippon Yusen Kaisha (NYK) and Kawasaki ...

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Ondimar Firms Order for Suezmax Quartet at Navantia

Ondimar Seals Order for Suezmax Quartet at Navantia

Spanish shipbuilder Navantia has inked a deal with its compatriot shipping company Ondimar Transportes Marítimos ...

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Demand for LNG Carriers Drives MHI’s Profit Hike

Demand for LNG Carriers Drives MHI's Profit Hike

Tokyo-based Mitsubishi Heavy Industries (MHI) saw a hike in its shipbuilding generated profit for the first quarter ...

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Wallenius Wilhelmsen Admits to Price Fixing in Africa

Wallenius Wilhelmsen Settles on Price Fixing

South African Competition Commission said that it has reached a settlement agreement with Norwegian shipping ...

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Argus: Bigger Suez Does Not Guarantee Increased Traffic

Bigger Suez Canal Does Not Guarantee Increased Traffic

It is yet unclear whether the New Suez Canal will spur more traffic or better accommodate the major rise in ...

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Yinson Takes Majority Stake in Premuda’s FPSO

Yinson Takes Majority Stake in Premuda's FPSO

Malaysian Yinson Holdings Berhad and Italy’s Premuda S.P.A. have, through two of their wholly-owned ...

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Stena Line Objects to State Aid for Undersea Fehmarn Tunnel

Stena Line1

Ferry operator Stena Line believes that the European Commission’s tacit approval of public financing of the Fehmarn ...

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Gallery: Shell’s Icebreaker Passes through Protesters

Shell’s Icebreaker Passes through Protesters0

Royal Dutch Shell’s icebreaker Fennica has managed to squeeze through the protesting environmentalists in Portland ...

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Canada Invests in Arctic Shipping Safety

Canada Invests in Arctic Shipping Safety1

The Government of Canada revealed plans to invest $22.7 million over five years on a cash basis to improve the ...

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Matson Borrows More

Matson Loans More

U.S. shipping company Matson Inc. plans to issue USD 75 million of 30-year senior unsecured notes, as well as to ...

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Safe Bulkers Sinks Further into Red

Safe Bulkers Sinks Further into Red

Monaco-based dry bulk specialist Safe Bulkers reported USD 4.4 million net loss for the second quarter of 2015, ...

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SHI Cuts Steel for SCF’s Third Arctic Shuttle Tanker

SHI Cuts Steel for SCF's Third Arctic Shuttle Tanker

Korean shipyard Samsung Heavy Industries (SHI) held a steel cutting ceremony for the third ship ordered by Russian ...

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LR to Certify Small Commercial Ships in the Carribean

LR First to Certify Small Commercial Ships in the Carribean

Lloyd’s Register (LR) has become the first classification society to certify small commercial ships operating ...

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MES Delivers Third Neo60BC Bulk Carrier

MES Delivers Third Neo60BC Bulk Carrier

Japanese shipbuilder Mitsui Engineering & Shipbuilding (MES) delivered a 60,000 dwt type bulk carrier MV ...

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Höegh Autoliners Inaugurates Vehicle Terminal in Texas

Höegh Autoliners Inaugurates Vehicle Terminal in Texas

Höegh Asia made the maiden call at the Horizon Terminal, the newly built Vehicle Facility at the Port Freeport, ...

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Euronav Expects Strong Tanker Market in Q3

Euronav Expects Strong Tanker Market in Q3

Sustained improvement in tanker freight rates has driven Euronav’s EBITDA up to USD 142.3 million in the ...

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Burnt-Out Norman Atlantic Targeted by Thieves

Burnt-Out Norman Atlantic Targeted by Thieves

The burnt-out ROPAX ferry MS Norman Atlantic, owned by the Italian ferry company Visemar di Navigazione, has been ...

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CSCL Places USD 934m Order for Eight 13,500 TEU Boxships

CSCL Places USD 934 Million Order for Eight 13,500 TEU Boxships

Shanghai-listed China Shipping Container Lines (CSCL) has placed an USD 934.4 million order with Shanghai Jiangnan ...

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Diana Containerships Adds Capacity

Diana

Nasdaq-listed shipping company Diana Containerships has through two of its wholly-owned subsidiaries signed two ...

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14 People Found Dead on Migrant Boat off Libya

14 People Found Dead on Migrant Boat off Libya

Italian authorities have confirmed the deaths of 14 people on board a boat carrying hundreds of refugees and ...

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Over Half of Ships Scrapped in South Asia

Over Half of Ships Scrapped in South Asia, Six Fatal Accidents

Out of 213 vessels sold for breaking during the second quarter of 2015, more than half -136 ships- ended their ...

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Vale Hits a Snag in Mozambique

Port of Nacala

Last week’s collapse of a giant coal stacker at Port of Nacala will delay Brazilian mining giant Vale’s ...

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Egypt Says New Suez Canal Ready for Business

Egypt Says New Suez Canal Ready for Business

New Suez Canal is completed and ready to officially receive its first ships, according to Suez Canal Authority ...

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Vale Seals VLCC Deal with China Merchants

Vale Seals VLCC Deal with China Merchants

Brazilian mining giant Vale S.A. (Vale) and China Merchants Energy Shipping Co. Ltd. (China Merchants), a ...

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Five Consortia in the Race for Davao Sasa Modernization

Six Firms in the Race for Davao Sasa Modernization

Six companies have expressed interest in bidding for the Davao Sasa Modernization Project, the ...

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