MOL Performs Worse

MOL Performs Worse

 Japanese shipowner Mitsui OSK Lines (MOL) posted JPY 890 billion in revenue figures, operating income of 4.2 billion and net income of JPY 11.5 billion, a drop of  45% year-on-year. MOL said that this was a year-on-year ...

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CSAV Christens Largest Vessels in Fleet

CSAV Christens Largest Vessels in Fleet

Compañía Sudamericana de Vapores (CSAV) has christened the first two out of seven 9,300 TEU container ships ordered ...

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HHI Posts Worst Quarterly Loss

HHI Posts Worst Quarter Loss2

The world’s biggest shipbuilder Hyundai Heavy Industries (HHI) recorded the worst quarterly net loss so far, ...

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Gallery: Bulk Carrier Runs Aground in Sweden

Bulk Carrier Runs Aground in Sweden

A bulk carrier with 2 tons of oil onboard ran aground in the Baltic Sea on Wednesday morning spilling some of its ...

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China Paying High Toll for Shipping Emissions

Hong Kong Port

China’s largely unregulated ports and shipping system generate significant air pollution that imposes a huge health ...

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EU Court of Justice to Deliberate on Singapore Trade Deal

EU Court of Justice to Deliberate on Singapore Trade Deal

The European Commission has decided to request an opinion of the EU Court of Justice on the competence to sign and ...

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Crew Members of Hijacked MV Asphalt Venture Freed

Crew Members of Hijacked MV Asphalt Venture Freed

Seven Indian seafarers who have been held hostage since their ship, the MV Asphalt Venture, was hijacked in the ...

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Petro Poroshenko Bloc Proposes Privatization of ...

Petro Poroshenko Bloc Proposes Privatization of Ukrainian Seaports

Ukrainian President Petro Poroshenko’s party, the Petro Poroshenko Bloc, has proposed suspending the granting of ...

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Clarksons: Caribbean Crude Exports to Boost VLCC Demand

Caribbean Crude Exports Likely to Boost VLCC Demand

The Caribbean region is raising in popularity when it comes to crude export with tonne-mile exports doubling in ...

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Norwegian Cruise Line Going Strong

Aerial Norwegian Sky

Norwegian Cruise Line reported strong performance for the quarter ended September 30, 2014 posting 13.7% revenue ...

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First Bulk Carrier Featuring MALS Delivered to ADM

First Bulk Carrier Featuring MALS Delivered  to ADM

Archer Daniels Midland Company (ADM), a US-based specialist in grain processing, has taken delivery of the first ...

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Ultramax Newbuild Ready for Charter

Ultramax Newbuild Ready for Charter

Drybulk operator Baltic Trading Limited  has taken delivery of the Baltic Hornet, a 64,000 dwt Ultramax ...

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European Ports to Promote Female Employment

Illustration

The European Sectoral Social Dialogue on Ports ratified two joint papers dealing with “Recommendations on Women’s ...

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DryShips Closes Shares Offering

DryShips Closes Shares Offering

New York Exchange-listed DryShips Inc. has closed the previously announced offering of 250 million shares of its ...

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DSME Strikes Again

DSME Strikes Again

South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has won orders for three container ships ...

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KR to Help Move APEC towards Low Carbon Transport Future

KR to Help Move APEC towards Low Carbon Transport Future

Korean Register (KR), an IACS member classification society, has teamed up with the Asia-Pacific Economic ...

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Capital Product’s Bigger Fleet Brings Higher Revenues

Capital Product's Bigger Fleet Brings Higher Revenues

Capital Product Partners L.P., a tanker, container and drybulk vessel operator, has recorded USD 48.2 million in ...

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Vigor Christens Its New Drydock, the Vigorous

Vigor Christens Its New Drydock, the Vigorous

American shipbuilder Vigor Industrial held a christening ceremony on Saturday, October 25th for its new drydock, ...

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Costa Rica Proposes Investments to Settle Concession Dispute

Costa Rica Proposes Investments to Settle Concession Dispute

Costa Rica’s labor ministry presented a proposal to invest around USD 260 million in Port of Limón and further USD ...

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