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HHI Submits Application to EU Regulator for DSME Deal

EU

Hyundai Heavy starts a regulatory process in the EU to gain approval for the proposed acquisition of DSME.

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Turkish Owner Orders Tanker Duo in South Korea

The company signed shipbuilding deals for two 158,000 dwt tankers with Daehan Shipbuilding Corporation.

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HHLA Reports Stronger Earnings in Changing Conditions

HHLA

Despite a volatile market, HHLA closed the first 9 months of 2019 with a significant revenue increase.

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Carnival Boosts Its Ethics and Compliance Team

The seven new hires and internal promotions are part of the company's new ethics and compliance function.

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South Korea Reclaims Shipbuilding Throne in October

During October, South Korean shipbuilders secured orders for 17 ships totaling 1.29 million CGTs. 

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LNG Business Softens MISC Berhad's Drop in Revenue

Group revenue for the third quarter was 3.7% lower compared to the same period a year earlier.

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COSCO Shipping Specialized Carriers Names New Pulp Carrier

shipping

China’s shipping company COSCO Shipping Specialized Carriers has named its newest 62,000 dwt pulp carrier.

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Finland to Build Another Hybrid Electric Ferry

Rolls-Royce

Finnish state-owned ferry operator Finferries orders a new hybrid electric vessel for Åland.

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Nordic Ports Join Forces to Focus on Sustainable Future

The joint declaration shows a regional commitment to collaborate on environmental challenges related to UN’s SDGs.

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Box Spot Rates Rise amid More Idle Ships, Bunker Surcharges

Drewry's World Container Index swelled by USD 210 in the past two weeks.

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Four Japanese Companies Partner Up on FPSO Charter Project

Modec

Mitsui, MOL, and Marubeni plan to invest in a long-term FPSO charter business currently promoted by Modec.

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TORM to Equip Ten More Ships with Scrubbers

This brings the total number of planned scrubber installations to 44.

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Euronav Signs LSFO Deal with Malaysian Port of Linggi

Under a service agreement, Malaysia’s Linggi Port will become Euronav's low-sulphur marine fuel supply base.

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Klaveness to Focus on Panamax, Post-Panamax Segment

In order to focus on the Panamax and Post-Panamax segment, Klaveness will shrink its activity in the Supramax business.

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EIB Provides USD 155 Mn for Port of Piraeus Expansion

The first EUR 100 million tranche of the 20-year loan was signed on November 11.

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Maersk's Søren Toft Leaves, Company Looking for New COO

The responsibilities as Chief Operating Officer will in the interim be taken on by Søren Skou.

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MPC Capital Takes Stake in Tanker Specialist Albis

Tanker

Germany's MPC Capital buys a strategic stake of 50 percent in compatriot tanker specialist Albis.

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New LNG Carrier Built for Yamal Project Joins Its Owners

The 174,000 cbm LNG Dubhe was handed over to MOL and China COSCO Shipping on November 6.

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Shipyards, Manufacturers Urge EU to Safeguard Industry

shipyard

European social partners called upon EU policy-makers to adopt a dedicated European industrial strategy.

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ITF Calls for Urgent Action to Tackle Rising Piracy in GoG

Pirates kidnapped 13 crew members from two ships in two piracy incidents that occurred in early November.

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MSC Cruises Going Carbon-Neutral

MSC Grandiosa

CO2 emissions from MSC Cruises’ fleet will be offset as of January 1, 2020, the company says.

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Gibson: Tanker Scrapping to Remain Low During Winter

tanker

A lack of demolition activity has been one of the key developments in tanker supply this year.

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Oils Spills During Bunkering Ops in Honolulu

The heavy fuel oil spilled during bunkering operations between boxship Kamokuiki and a bunker barge.

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Market Uncertainty Causes More Fuel Oil Price Volatility

The uncertainty of the upcoming IMO 2020 sulphur cap regulation is having a big impact on the bunker market.

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Reducing Ship Speeds Has Multiple Benefits, Study Shows

shipping

Slower ship speeds would massively reduce the damage shipping is causing to human health, nature and the climate.

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ABS Introduces Industry's 1st Guide to Tackle Boxship Fires

fire

ABS's guide is addressing firefighting and safety systems of cargo holds of container vessels.

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NRF: US Imports to See Final Tariff-Driven Surge of 2019

Imports at U.S. retail container ports would rise this month ahead of new tariffs set to take effect in December.

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