2018 a Loss-Making Year for Crude Oil Tankers

Peter Sand

BIMCO's Chief Analyst reveals what lies ahead for tanker, dry bulk markets.

Shreyas Begins SSL Kolkata Counter Pollution, Salvage Ops

SSL Kolkata

Shreyas: Counter pollution and salvage works for the fire-stricken merchant vessel SSL Kolkata have started.

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Norwegian Cruise Line Decides to Build Two More Ships

Norwegian Cruise Line confirms options for two more Project Leonardo Class ships to be built by Fincantieri.

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Cardiff Gas Linked to Three More LNG Carriers

TMS Cardiff Gas

TMS Cardiff Gas has reportedly placed an order for three LNG carriers with two Korean shipbuilders.

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Bulker Banned from Australian Ports for Underpaying Crew

Shandong Hai Wang

Hong Kong-flagged bulker MV Shandong Hai Wang has been banned from Australian ports for 12 months.

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CMA CGM Clears Regulatory Hurdles for Investment in CEVA

CMA CGM

CMA CGM has obtained all regulatory approvals to complete its investment in Swiss logistics company CEVA.

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Nakilat Sees Higher First-Half Profit

Qatar-based shipping company Nakilat reported a 9 percent profit increase for the first half of this year. 

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Fire Hits Bulker in Dordrecht, Netherlands

A fire breaks out on an ocean-going vessel at Mallegat-Noord in Dordrecht, the Netherlands.

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BIMCO: 2018 Absolutely Horrible for Crude Oil Tankers

Tanker

A historically bad crude oil tanker market is struggling to find solid support, BIMCO said in its latest report.

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Hapag-Lloyd Dismisses CMA CGM Merger Reports

Hapag-Lloyd containership

Hapag-Lloyd dismissed reports that its French counterpart CMA CGM proposed a merger between the parties.

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CMA CGM Pulls Out of Iran due to U.S. Sanctions

CMA CGM vessel

CMA CGM is exiting Iran after the Trump administration imposed sanctions on companies operating in the country.

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Costamare Orders Five, Buys Two Containerships

Costamare orders five newbuild boxships and agrees to buy two secondhand containerships.

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Marinakis Sets Sights on 10 LNG Carriers at HHI

Evangelos Marinakis

Marinakis pens letter of intent with Hyundai Heavy Industries for the construction of up to ten LNG carriers.

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June – a Month of Interviews

Posidonia

WMN breaks monthly interview record in June.

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Kongsberg Buys Rolls-Royce's Commercial Marine Business

Kongsberg

Rolls-Royce has found a buyer for its Commercial Marine business.

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More than 30 Dead after Ferry Sinks off Indonesia

More than 30 people died following the capsizing of a ferry in the waters off Indonesia on Tuesday.

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Australia Detains Ship, Arrests Its Owners

The Australian Maritime Safety Authority detains a domestic-flagged ship believed to be unseaworthy.

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Yang Ming Seals Charter for 10 Boxship Newbuilds

Yang Ming

Yang Ming Marine confirms charter for ten newbuilding containerships with Costamare and Shoei Kisen.

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China Sets Tier II Rules for Ships in Domestic Trade

Shaghai Port

China imposes Tier II rules on Chinese-flagged and imported ships employed on domestic trades.

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Completion of World’s Largest Sea Lock Delayed

Port of Amsterdam

Larger ships will wait until 2020 to call at Amsterdam amid delay of IJmuiden sea lock's completion.

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Angelicoussis Books Its 100th Ship at DSME

DSME

 Greek billionaire John Anthony Angelicoussis has ordered its 100th vessel at DSME.

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Video: Snake-Like Ocean Cleanup System Aces Tow Test

Computer rendering of a cleanup system floater

The final 600-meter system will be towed for a final test before being deployed out to the Great Pacific Garbage Patch.

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Philippines Stops Human Smuggling on Cruise Ship

Philippine authorities have stopped a smuggling attempt of 139 persons aboard a cruise ship in Bataan.

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Matson Christens the Largest U.S.-Built Containership

Daniel_K.Inouye

Matson christenes the largest containership ever built in the United States.

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Seabourn to Build Two Expedition Ships at Mariotti Damen

Cruise ship

Seabourn signed an LOI for two ultra-luxury expedition vessels with T. Mariotti, Damen Shipyards Group partnership.

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SSL Kolkata Lists Starboard following Further Explosions

The ordeal of the fire-stricken merchant vessel SSL Kolkata is far from over.

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Two Workers Dead in Longview Mooring Line Incident

Mooring lines

Two workers lost their lives and two more were injured in an incident at the Port of Longview on June 28.

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Video: Carnival Glory Rescues NCL's Missing Crewman

Carnival Glory rescues Norwegian Getaway's missing crew member after he spent 22 hrs drifting in the water.

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