Category archives for: Headlines

Readers’ Picks of the Week (Sep 08-14, 2014)

Readers’ Picks of the Week (Sep 08-14, 2014)

Unmanned Vessels to Take Over Our Seas? Researchers at Norwegian Marine Technology Research Institute (MARINTEK) believe that in ten to twenty years time there will be 200 metre cargo vessels plying the oceans without the need of a captain or crew.…Read more Limited Data Put Svendborg Maersk in Dire Straits The Danish Maritime Accident Investigation […]

Tanzania Expedites Megaport Project Start

Tanzania Expedites Megaport Project Start

Construction of the USD 11 billion Bagamoyo megaport has been pushed forward by the government of Tanzania from January 2015 to the last trimester of 2014, following the successful negotiations with Chinese officials, Global Construction Review reports. China Merchants Holdings International, the world largest independent port operators, are to develop the Bagamoyo port, starting with the quay, […]

Vale, Cosco Ink Iron Ore Shipping Deal

Vale, Cosco Ink Iron Ore Shipping Deal

Vale and China Ocean Shipping Company (Cosco), the largest dry bulk carrier in China, signed today, in Beijing, a framework agreement for strategic cooperation in iron ore shipping. Under the deal, four existing very large ore carriers of 400,000 tons deadweight owned and currently operated by Vale will be transferred to Cosco and chartered by […]

Interview: Moulding Steel into Ships

Interview: Moulding Steel into Ships

The backbone of the maritime industry is steel. The vast majority of ships from the global fleet working either in shipping or offshore industry has sprung out of this hard-core metal which endows it with resilience and strength. Moulding steel into ships tailored to shipowners’ requirements is what Central Industry Group (CIG), a Dutch-based conglomerate does for […]

Aurizon Finds Partners for West Pilbara Project

Aurizon Finds Partners for West Pilbara Project

American Metals & Coal International (AMCI) and POSCO have joined Baosteel Resources in an infrastructure agreement with Australian transport & logistics company, Aurizon for rail and port infrastructure to support the West Pilbara Iron Ore Project (WPIOP) in Western Australia. The finalisation of the Infrastructure Framework Agreement (IFA) between AMCI, POSCO and Baosteel with Aurizon […]

Samco Cashes Out

Samco Cashes Out

DHT Holdings, Inc. has entered into an agreement to acquire all the outstanding shares of Samco Shipholding Pte. Ltd., a private Singapore-based company which owns and operates a fleet of seven very large crude oil tankers (VLCCs) with an average age of approximately 4.5 years. DHT will acquire all the shares of Samco for a purchase price […]

Ocean Three Joins the Market

Ocean Three Joins the Market

A new shipping alliance has been formed between three boxship giants, as confirmed by the CMA CGM Group, which has signed three major agreements with China Shipping Container Lines (CSCL) and United Arab Shipping Company (UASC), forming what will be known as the Ocean Three. The alliance is  formed on the basis of a combination of […]

“K” Line Books Five Containerships at Imabari

“K” Line Books Five Containerships at Imabari

Kawasaki Kisen Kaisha, Ltd. (“K” Line) said it will enhance its fleet with an additional five new generation eco-friendly Ultra Large Container Vessels (ULCVs). The newbuilds will rejuvenate the existing fleet and replace older ships all with the aim of further strengthening both efficiency and cost competitiveness of “K” Line’s Containership Business, the company explained. These 5 […]

2M Founders Too Optimistic?

2M Founders Too Optimistic?

The shipping alliance between the two shipping giants Maersk Line and Mediterranean Shipping Co., dubbed the 2M, complies with Chinese rules and is operationally ready to launch, according to Maersk Line CEO Søren Skou, cited by the Shipping Watch. “We’ve submitted our application and have thus fulfilled the requirements, but the Chinese regulators can of course at […]

BP Found Guilty of Gross Negligence

BP Found Guilty of Gross Negligence

Four years after the Deepwater Horizon disaster in the Gulf of Mexico, energy company BP was found guilty of gross negligence and willful misconduct for its role in the spill that cost eleven people their lives. According to the ruling issued yesterday by U.S. District Judge Carl Barbier, BP Exploration & Production (BPXP) is subject to […]

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