Kleven Snags Six

Kleven Snags Six

Norwegian shipbuilder Kleven has signed a contract with Maersk Supply Service A/S for the building of six anchor handling vessels, with options for up to four additional vessels. The 95 meter long vessels are of SALT 200 ...

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Dry Bulk Market Facing Bleak Prospects

Dry Bulk Market Facing Bleak Prospects

The Hong Kong-listed Pacific Basin Shipping has issued its Third Quarter 2014 Trading Update, stating that the dry ...

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China: Shipbuilders’ Turnover Perking Up

China's Shipbuilders Record Slight Turnover Boost

China’s shipbuilding industry seems to be recovering from a plunge it took since the beginning of the year, ...

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Ships Collide as Super Storm Hits Port Botany

Ships Collide as Super Storm Hits Port Botany

A super storm that hit Sydney Tuesday night wrought havoc on the city’s commercial Port Botany, cutting the ...

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Recovering Freight Rates Threatened by Uncertainty

Recovering Freight Rates Threatened by Uncertainty

The oversupply in the freight market is still clearly felt as Panamax freight rates drag along, the Baltic and ...

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Slow Economic Recovery Affecting Shipping

Illustration

The global shipping demand remains subdued by slow economic activity, according to BIMCO, as the International ...

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Cyclone Hudhud Slams East India Ports

Cyclone Hudhud Slams East India Ports

India’s eastern ports of  Visakhapatnam and Gangavaram are still closed after cyclone Hudhud stormed through ...

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Australia: Without Competition Exemptions Shipping ...

Higher Shipping Costs Without Competition Exemptions

Exporters and consumers will suffer greater price instability and higher shipping costs if the shipping competition ...

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China Taking Aim at Cruise Industry

China Taking Aim at Cruise Industry

Carnival Corporation cruise company  has signed a memorandum of understanding (MOU) with the China State ...

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Hyundai Heavy Axing Top Brass

Hyundai Heavy Axing Top Brass

South Korea’s shipbuilder Hyundai Heavy Industries fired 81 of its 262 executive level managers in a ...

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SHI Scores LNG Carrier Triplet Order

SHI Scores LNG Carrier Triplet Order

On October 13, Samsung Heavy Industries won an order amounting to USD 620 million for three LNG carriers from an ...

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Interview: Offshore Ports – The Way Forward

Khalifa Port

Thinking outside the box has sprung a myriad of innovations throughout history and it is what is keeping us “alive ...

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Readers’ Picks of the Week (Oct 6 -12)

Readers’ Picks of the Week

Freight rates are likely to fall further as carriers stand firm in their reluctance to reduce capacity on the ...

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Iraq Blacklists Three Oil Tankers

Iraq Blacklists Three Oil Tankers

Three oil tankers, two Suezmaxes and one Panamax, have been banned from loading at Iraqi oil terminals as a ...

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NITC Claims EU Sanctions Annulled

NITC Claims EU Sanctions Annulled

European Union sanctions against Iran’s largest oil tanker company NITC have been lifted after there was no ...

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US Clears 2M Alliance

US Clears 2M Alliance

The U.S. Federal Maritime Commission (FMC) has approved the planned 2M vessel sharing agreement between ...

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UPDATE 2: Pirates Release Vietnamese Oil Tanker

sunrise 689

The Vietnamese oil tanker that went missing last week with 18 crew members onboard while en route from Singapore to ...

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Demand for Global Shipping Industry to Dwindle?

Demand for Global Shipping Industry to Slump

The global shipping industry will see lower demand in coming years, all other things being equal, than was ...

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Golden Ocean, Knightsbridge Merging

Golden Ocean, Knightsbridge Merging

Dry bulk shipping companies Golden Ocean Group Limited and Knightsbridge Shipping Limited have agreed to merge, ...

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Interview: Attaining Business Intelligence

Attaining Business Intelligence

In a world swamped by software solutions providing various types of information and data it has become difficult to ...

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Samsung Heavy Bags USD 440 Mln Order

Samsung Heavy Bags USD 440 Mln Order

South Korean shipbuilding giant Samsung Heavy Industries (SHI) has won an order amounting to USD 440 million for ...

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Shipping Industry Will Need USD 1.4 Trillion over Next Decade

Shipping Industry Will Need USD 1.4 Trillion over Next Decade

Financing of the shipping industry is again on the agenda as new investments are needed to keep up with the ...

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KDB Sets Aside USD 1 Billion for Shipping

KDB Sets Aside USD 1 Billion for Shipping

The Korea Development Bank (KDB) has made plans to allocate up to USD 1 billion for supporting small and ...

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Exclusive: Hidden Dangers of Shipping Alliances

Interview Hidden Dangers of Shipping Alliances

The 2M alliance between the shipping heavyweights, Denmark’s Maersk Line and Swiss Mediterranean Shipping Company ...

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Pan Ocean Up for Grabs

Pan Ocean Up for Grabs

South Korea-based bulk shipper Pan Ocean Co Ltd, formerly STX Pan Ocean, has been put up for auction, Reuters ...

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