Meet Us at Posidonia

Posidonia conference and exhibition

WMN is getting ready for this year's Posidonia.

ClearOcean Tankers Enters Market with Order for 6 Tankers

Gunvor Group, Oceangold Tankers and Maas Capital form a new ship holding company.

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Shipping Dodges a Bullet as US and China Bury the Hatchet

The United States and China burry the hatchet and pledge to stop the trade war.

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ICS Fears 'Sulphur Cap Chaos' in 2020

ICS fears 'sulphur cap chaos' unless IMO resolves issues concerning its succesful implementation.

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PCTC Catches Fire at Incheon Port

A fire broke out on a Panama-flagged PCTC anchored at Korean Incheon Port, Yonhap News Agency reported. 

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Weak Tanker Market Hurts Sovcomflot's Earnings

Driven by low freight rates in tanker sectors, PAO Sovcomflot ended the first quarter of this year in loss.

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ITF: Abandoned Qaaswa Crew Returns Home after 11 Months

ITF: The crew of the abandoned tanker Qaaswa finally returned home after spending almost a year off Tunisia.

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Teekay Tankers Pens Sale-Leaseback Deal for 7 Tankers

Teekay Tankers

Teekay Tankers has signed a term sheet for a sale-leaseback financing transaction for seven tankers.

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Fire-Stricken Maersk Honam Set to Berth Next Week

Maersk Honam

The hotspots on board Maersk Line's ultra large containership Maersk Honam have been almost extinguished.

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Maersk CEO: Our Q1 Result Was Unsatisfactory

Søren Skou, CEO of A.P. Møller Mærsk

Skou: Q1 performance was unsatisfactory, especially in the ocean-related part of the business.

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MSC Seaside Crewman Falls Overboard off US Virgin Islands

MSC Seaside

USCG: A crewmember from the cruise ship MSC Seaside went overboard off US Virgin Islands on May 16.

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Scrubbers Don't Make Sense for Smaller Ships

d'Amico logo

Marco Fiori, CEO d'Amico International Shipping, speaks of 2020 Sulphur Cap implementation.

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Keppel Bags LNG-Powered Dredger Duo from Van Oord

Hopper Dredgers

Keppel O&M wins an order from Van Oord to build two LNG-fueled Trailing Suction Hopper Dredgers.

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TEN Linked to LR2 Order at Daehan

Tsakos Energy Navigation's logo

Report: TEN booked the construction of two Long Range (LR2)/Aframax tankers at Daehan Shipbuilding.

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Bulker Casualties Claimed 202 Seafarer Lives in 10 Years

MV Cheshire

A total of fifty-three bulk carriers over 10,000 dwt have been identified as total losses over the past ten years.

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Shipping's Decarbonization Will Need Major R&D Investment

Kirsi Tikka: Collaboration as well as sufficient investment in technology development needed to meet IMO's targets.

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Star Bulk to Strengthen Its Fleet with 18 Bulkers

Star Bulk vessel

Star Bulk Carriers has entered into agreements to acquire eighteen dry bulk vessels in two all‐share transactions.

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Industry Majors Put Their Iranian Businesses under Review

Maersk Line

The announced reinstating of nuclear-related sanctions against Iran is already starting to kick in.

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Autonomous Ships to Take the Spotlight at MSC 99

On May 16, the IMO's efforts on the regulation of autonomous ships will begin with MSC 99.

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Pacific Basin Acquires Ship Quartet

Pacific Basin decides to acquire for dry bulk vessels with 50% equity funding.

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MISC Net Profit Halved in Q1

Malaysia's MISC Berhad ended Q1 2018 with its net profit slashed by more than 50 percent.

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Blast Holes Turkish Bulker Bound for Yemen

bulker damaged

Turkish bulk carrier Ince Inebolu suffered massive hull damage last week while carrying wheat to Yemen.

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Seafarer Medevaced from Stolt Tanker Due to Burns

Stolt Tankers vessel

USCG: A 49-year-old crew member was medevaced from the chemical tanker Stolt Perseverance on May 11.

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Japanese Firms Join Forces in FPSO Business

FPSO Cidade de Caraguatatuba

Five Japanese companies have reached agreements to invest in a long-term FPSO charter business in Brazil.

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Italian Port Workers Launch Nation-Wide Strike

Italian Port Strike

All Italian ports hit by one-day strike staged by port workers.

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Gener8 Maritime Sets Date for Euronav Merger Vote

Gener8 Maritime logo

Shareholders of Gener8 Maritime to vote on the merger with Euronav on June 11, 2018.

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Isle of Man Gov't Offers to Buy Steam Packet

The Isle of Man government has proposed to buy the Isle of Man Steam Packet Company.

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Drewry: Up to 20 VLCCs Could Be Left Without Work

VLCC Anne

Lower oil exports from Iran stemming from new sanctions against the country could leave up to 20 VLCCs without work.

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