Announcement for the Expression of Interest

Acquiring Part of the Assets of Hellenic Shipyards S.A. Under Special Administration (Greece)

SFI’s Fire-Stricken Super Tanker Taken under Tow

Front Hakata

Front Hakata, which was adrift following an engine fire, has been taken under tow.

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Newcastle Port Wants to Diversify, Eyes Container Terminal

Newcastle

Australian Port of Newcastle is ready to diversify by building a container terminal.

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AMSA: Operators Need to Stow, Secure Cargo Properly

YM Efficiency

AMSA urges vessel owners and operators to stow and secure cargo containers according to approved arrangements.

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Teething Problems Push ONE to Red

ONE Commitment

Ocean Network Express delivers net loss amid operational teething problems.

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Japanese Big Three Bleed Red amid ONE Launch

NYK Line

Japanese shipping majors K Line, NYK Line and MOL reported losses for the first quarter of 2018 fiscal year.

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Container Shipping – Survival of the Fittest

Monte Azul, Maersk Lamanai

Only container shipping companies with the biggest fleets and most efficient vessels to turn a profit this year.

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Australia Increases Fines for Polluters

Gavel

Australia increased fines for those polluting the country's water, according to West of England P&I.

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NYK Line Downgrades Profit Forecast

NYK Car carrier

NYK Line has lowered its forecast for the interim and full year consolidated financial results.

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YM Efficiency Suffered "Heavy Rolling" Before Losing Boxes

YM Efficiency

YM Efficiency lost 81 containers and suffered structural damage following heavy rolling off Newcastle.

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Blockchain Threatens to Eradicate Trade Intermediaries

Blockchain

Blockchain technology is expected to have a profound impact on trade and transport.

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All Crew Kidnappings in 2018 Occurred in Gulf of Guinea

PIRATES

IMB report says that all 2018 crew kidnappings have so far occurred in the Gulf of Guinea in 6 separate incidents.

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Asian Cruise Market Continues Blooming

World Dream

2017 was another year of exceptional growth for Asian cruise market.

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ATSB: Late Avoiding Action Led to January Collision

Australia released a report into the collision between containership Beijing Bridge and fishing vessel Saxon Onward.

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Terminals in Europe, Australia Boost DP World's Performance

Containers

DP World delivers encouraging results driven by performance of container terminals in Europe and Asia.

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Capesizes to Deliver the Goods in H2

Drybulk carrier

MSI: Capesize spot rates could rise above USD 25,000 per day in Q4

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Nissen Kaiun Books Two More MR Tankers

Tanker

Japanese shipowner Nissen Kaiun has reportedly added two more MR2 tankers to its newbuilding tally.

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EGCSA: 983 Ships Opt for Scrubbers

Scrubber

 There were 983 ships with exhaust gas cleaning systems installed or on order as of May 31, 2018.

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Readers’ Picks of the Week ( 16-20 July, 2018)

Here are our most popular articles of last week.

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Consolidation between Top Tier Carriers Unlikely

CMA CGM

Drewry: The consolidation between top tier carriers is unlikely due to competition laws.

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FLNG Capex to Exceed USD 50 Bn in Next Five Years

Westwood: FLNG Capex is projected to total USD 52.8 billion over the 2019-2024 period.

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EU Takes Action to Shield Itself from US Tariffs

EU

The European Union has introduced “provisional safeguard measures” concerning imports of a number of ...

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Video: ONE Commitment Is Born

One Commitment

Watch the birth of ONE Commitment, ONE's first magenta vessel.

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94 Large Ships Lost in 2017, Friday Most Dangerous to Sail

Shipwreck

There were 94 total losses reported around the shipping world in 2017.

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IMO Comes to Grips with Sulphur Cap Implementation Issues

IMO working group has made some headway on the sulphur testing and verification issues.

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Hat Trick for Hyundai

Hyundai Mipo Dockyard

Orders from the oil and gas sector keep coming in, as offshore sector hits doldrums.

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Fire-Stricken Iron Chieftain to Be Retired

Iron Chieftain

Bulker Iron Chieftain is to be retired due to significant damage sustained after catching fire at Port of Kembla.

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Drewry: Ascent of the Charter Market Is Over

MSC Containership

The rapid growth of charter rates in the container shipping market is likely to be over.

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