Category archives for: Top Stories

Subdued Demand Affects Goldenport Holdings’ Results

Subdued Demand Affects Goldenport Holdings’ Results

Goldenport Holdings, an international shipping company that owns and operates a fleet of dry bulk and container vessels, posted a net loss of $1.4m for the six months ending June, down from $8.3m. Goldenport said trading during the second quarter was softer than in the first quarter due to continued subdued demand in the Far […]

India Eyes Port of Chabahar’s Upgrade

India Eyes Port of Chabahar’s Upgrade

The Government of India has assigned USD 100 million for upgrading the port of Chabahar in Iran, the final objective being trade boost with Afghanistan and other Central Asian countries, as explained by Afghan envoy to India Shaida Mohammad Abdali cited by the Press Trust of India (PTI). The Port of Chabahar is the only Iranian port with […]

Sewol Bill Still Pending as Victims’ Families Head to the Streets

Sewol Bill Still Pending as Victims’ Families Head to the Streets

A strong pressure is being exerted on South Korean National Assembly to adopt a special bill which is aimed at determining the cause behind the Sewol ferry tragedy that killed around 300 people in April, predominantly high school students. The pressure is further fuelled by the protest of hundreds of people who, as reported by Yonhap, joined  […]

UPDATE: Notorious Vega Auriga Detained in Tauranga

UPDATE: Notorious Vega Auriga Detained in Tauranga

Container ship Vega Auriga, banned by Australian Maritime Safety Authority (AMSA) from using or entering any Australian ports due to repeated breaches relating to seafarer welfare and maintenance of the ship, is being detained at the Port of Tauranga.  The ship cannot leave the port until all 11 of its deficiencies are resolved, according to Maritime New […]

Chinese Boxship Sinks

Chinese Boxship Sinks

Chinese container ship Tao Yan sank following a collision with another container ship Gang Tai Tai Zhou on August 25 some 10 nautical miles off Tianjin port, the Bohai Sea, China. Tao Yan’s side cargo holds under the waterline were breached by Gang Tai Tai Zhou’s bow,  allowing for water ingress and causing the vessel to list heavily and subsequently […]

CMA CGM Attila Hits Dock in Vancouver

CMA CGM Attila Hits Dock in Vancouver

The Transportation Safety Board of Canada (TSB) has deployed a team of investigators to Vancouver, British Columbia where the vessel CMA CGM Attila struck the dock at the DP World Centerm container terminal on August 28. The allision caused significant delays in the Port of Vancouver, forcing several container ships to change their scheduled arrivals, including […]

Batam Shipyard Explosion Kills Three

Batam Shipyard Explosion Kills Three

Three workers of Batam-based PT Bandar Abadi shipyard, Indonesia died and eighteen were injured in a blast that occurred on Friday, August 29 onboard a ship that was undergoing repairs at the yard, the Jakarta Post writes. One person is still missing, based on the latest reports. According to the local police chief Comr. Zainal Arifin, the […]

SHI Merging with Samsung Engineering

SHI Merging with Samsung Engineering

South Korean shipbuilding giant Samsung Heavy Industries (SHI) has officially announced that it will merge with Samsung Engineering Co., Ltd, the first and largest engineering company in Korea. The merger between Samsung Heavy Industries and Samsung Engineering was decided during their board of directors meeting on September 1 to create a “world-class total solution provider […]

Volumes up, Profit down at CMA CGM

Volumes up, Profit down at CMA CGM

The Board of Directors of CMA CGM Group, the world’s third largest container shipping company, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the second quarter of 2014. In the second quarter, in a market environment shaped by diverging developments in different regions: Consolidated […]

UPDATE: Tanker with Kurdish Crude Disappears from Radar

UPDATE: Tanker with Kurdish Crude Disappears from Radar

The United Kalavrvta (formerly SCF BYRRANGA), which has been moored in international waters off Texas for more than a month, is reported to have disappeared from satellite tracking, writes Reuters. Namely, the ship, which got cleared for unloading of one million of barrels of Kurdish oil it was carrying earlier this week, is believed to had switched […]

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