Court Clears BG-Shell Merger

Court Clears BG-Shell Merger

The High Court of Justice in England and Wales has today sanctioned the scheme of arrangement between the Royal ...

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No Reason for Trade Restrictions amid Zika Outbreak

Image Courtesy: Pref. Pereira Barreto / SP

There is no justification for restrictions on travel or trade due to the outbreak of the Zika virus, the ...

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Container Shipping Giants to Settle with EU Commission

Image Courtesy: WSC

Container shipping companies that are being investigated by the European Commission over a suspected breach of ...

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Maersk Line Readies for Much Lower Results in 2016

Maersk Line CEO, Søren Skou; Image Courtesy: Maersk Line

Maersk Line expects a significantly lower underlying result for 2016 compared to 2015 as the container shipping ...

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APM Terminals’ Earnings Plunge in 2015

Image Courtesy: APM Terminals

Netherlands-based container terminal operator APM Terminals, part of Maersk Group, has seen its profit drop to USD ...

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Damaged Anthem of the Seas Arrives to Cape Liberty

Image Courtesy: RCL

The storm-damaged Royal Caribbean cruise ship Anthem of the Seas returned to Cape Liberty, New ...

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Safe Bulkers Sells Bulker Trio to Boost Liquidity

Image Courtesy: Safe Bulkers

Greece-based dry bulk shipowner Safe Bulkers has sold two Panamx vessels to entities controlled by Polys ...

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Volumes Continue to Grow at Port of Long Beach

Image Courtesy: Port of Long Beach

The second-busiest container port in the United States, Port of Long Beach, has logged its seventh straight month ...

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Golar LNG Partners to Buy FSRU Golar Tundra for USD 330 Mln

Image Courtesy: Golar LNG

Golar LNG Partners LP has entered into an agreement with Golar LNG Limited to buy its 170,000 cbm floating storage ...

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Odfjell Cuts Net Loss, Continues Talks on Delayed Deliveries

Image Courtesy: Odfjell

Bergen-based shipping and tank terminal company Odfjell has reported a drop in 2015 net loss to USD 36 million, ...

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Navios Maritime Acquisition’s Net Income Surges in 2015

Image Courtesy: Navios Maritime Acquisition

As 2015 was a strong year for the tanker shipping market, the Monaco-based owner and operator of tanker vessels ...

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Spotted: Celestyal Olympia Awaits Facelift in Turkey

Image Courtesy: Besiktas Shipyard

Celestyal Olympia, a cruise ship owned by Cyprus-based cruise line Celestyal Cruises, has arrived at the Turkish ...

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Another Strong Year for Associated British Ports

Image Courtesy: ABP

Associated British Ports (ABP), comprising of a network of five ports in South Wales, handled more than 12.5 ...

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BIMCO: Six VLCCs Mark Strong Delivery Start in 2016

Image Courtesy: Euronav

Six new Very Large Crude Carriers indicate that 2016 is off to a flying start when it comes to delivering brand new ...

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Boost for Ardmore’s Debt Financing

Image Courtesy: Ardmore

Ardmore Shipping Corporation has secured an additional debt refinancing which brings the total amount of debt ...

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ITF Releases Images of 'Shocking' Safety Breaches on Water

Image Courtesy: MUA

The Greek-owners of the Panamanian-flagged bulk carrier Christine B have not only been underpaying its 19 Filipino ...

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Hapag-Lloyd Expands and Upgrades Its Fleet

Image Courtesy: Hapag-Lloyd

German container shipping company Hapag-Lloyd has taken delivery of two 3,500 TEU ships with a special wide-beam ...

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Mercator Offloads Bulker Arm for USD 2

Image Courtesy: Mercator

India’s Mercator International Pct has entered into an agreement to sell 900.85 million shares of the ...

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Wärtsilä Powers Japan Shipping’s Shift to Gas Age

Image Courtesy: Wärtsilä

A total of sixteen new gas carrier ships being built in Japan for Japanese owners are to be powered by Wärtsilä ...

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AAPA: Obama’s 2017 Proposed Budget Lopsided for US Ports

Image Courtesy: AAPA

The American Association of Port Authorities (AAPA) expressed its dissatisfaction with President Obama’s fiscal ...

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Maersk Group’s Full-Year Profit Down 82 Pct

Image Courtesy: Maersk

Danish shipping and energy conglomerate Maersk Group delivered a profit of USD 925m for the full year ending ...

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Cargo Volumes at US Container Ports Expected to Go Down

Image Courtesy: Port of LA

Import cargo volume at major US retail container ports is expected to decline year-over-year for the next few ...

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Infographic: Top 10 Shipowning Nations by Value

top 10 sh

Today we look at an infographic showing Top 10 Shipowning Nations by Value (USD Millions), including the percentage ...

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North Korean’s OMM Continues Dodging UN Sanctions

Image Courtesy: Shipspotting

North Korean shipping company Ocean Maritime Management Company Limited (OMM) continues to evade sanctions by ...

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Alphaliner: FE-ECSA Rates Hit Rock Bottom

Image Courtesy: MSC

Poor market conditions have prompted freight rates in the Far East to East Coast South America (FE – ECSA) ...

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Edison Chouest Offshore Bringing Its Operations to Gulfport

Image Courtesy: ECO

Edison Chouest Offshore, an offshore energy service and supply company, is locating shipbuilding operations at the ...

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Eagle Bulk Given More Time to Deal with Liquidity Issues

Image Courtesy: Eagle Bulk

US-based operator of dry bulk cargo vessels Eagle Bulk Shipping has reached an agreement with its lenders to ...

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