Bringing Supply Chain to the Next Level

The rise of e-commerce has prompted a need for centralized information in the supply chain.

CMES Poised to Reap Fruits from Profit Surge

Bulker

China Merchants Energy Shipping expects its net profit for 2018 to increase by up to 104 percent year-on-year.

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Brightoil Faced with USD 250 Mn of Creditor Claims

finance

Brightoil Petroleum (Holdings) Limited has accumulated around USD 250 million of total creditor claims.

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CNCo to Acquire Hamburg Süd’s Bulk Shipping Activities

Hamburg Sud boxship

CNCo to acquire Hamburg Süd's bulk shipping business.

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MOL Teams Up with Asahi Tanker on MR Tanker Pool

Tanker

Mitsui O.S.K. Lines and Asahi Tanker Co. have signed a contract to establish a pool operation company.

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Dutch Owner Fined USD 3.4 Mn for Beaching a Ship

Beaching

Dutch ship owner has paid a price tag of almost EUR 3 million for beaching a vessel in India.

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Readers' Picks of the Week

Here are the most read stories from the previous week.

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FSL Trust Sells Product Tanker amid Fleet Renewal Efforts

Tanker

FSL Trust is selling a 2005-built MR product tanker as part of its fleet renewal efforts.

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COSCO Strengthens Presence in Singapore

containers

COSCO Shipping Ports, PSA finalize deal on two new berths at COSCO-PSA Terminal in Singapore.

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SEALNG: Adoption of LNG as Marine Fuel Set to Accelerate

KAIROS

Keller: adoption of LNG as a marine fuel is set to accelerate.

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AVIC Orders Ten Bulkers from Dalian Shipbuilding

Signing ceremony

AVIC International, SDTR ordered ten bulk carriers at China's Dalian Shipbuilding Industry.

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Product Tanker Giant Is Created

BW Group

BW Tankers Limited and Hafnia Tankers have completed their merger.

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Kawasaki Names New LNG Carrier for JERA, NYK

Shinshu Maru LNG carrier

Kawasaki Heavy Industries named a new LNG carrier for a joint venture of NYK Line and JERA.

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Hyundai Samho Bags Order for Crude Carrier Pair

Hyundai Heavy Industries

Hyundai Samho Heavy Industries bags order for crude carrier duo.

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Ocean Alliance Gets Extended until 2027

Ever Gifted

Members of the OCEAN Alliance extend the duration of OCEAN Alliance until March 31, 2027.

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Stena Line Floats 1st Next Generation Ferry in China

Stena Estrid

Stena Line launched its first next generation RoPax vessel at the Avic Weihai Shipyard in China.

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Damaged CSL Virginia Sold for Demolition in Bangladesh

CSL Virginia

CSL Virginia has been sold for demolition in Bangladesh.

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Zeaborn, BlocBox to Use Blockchain for Maritime Safety

Blockchain

Zeaborn Ship Management, BlocBox to ensure the safety of ships at sea through a blockchain-based project.

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Seaspan's Unencumbered Vessel Pool Increased to 32 Ships

containership

Seaspan Corporation informed that it had prepaid a credit facility which was secured by eight of its vessels.

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IMB: Piracy Attacks More Than Double in Gulf of Guinea

Piracy watch

IMB PRC: Piracy increased in 2018, with a marked rise in attacks against ships and crews around West Africa.

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Hyundai Mipo Dockyard Wins Tanker Quartet Order

Tanker

Hyundai Mipo Dockyard has reportedly won an order for four MR tankers from Central Group.

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Ocean Alliance to Deploy 330 Ships in New Service

CMA CGM containership

The Ocean Alliance partners would utilize 330 containerships in their new service offering.

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China Ocean Industry Group Finds Buyer for Two Ships

contract

China Ocean Industry Group has found a potential buyer for two of the six ships, the delivery of which had been delayed.

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Court Gives Nod to HHIC-Phil’s Rehabilitation Process

gavel

Court approved the petition for rehabilitation filed by Hanjin Heavy Industries and Construction Philippines.

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ABS, Fleet Management Partner on Cyber Security

Cyber security

ABS Advanced Solutions, Fleet Management Limited reached a deal to partner up on cyber security.

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ReCAAP: Piracy, Armed Robbery Incidents Lowest in a Decade

There was a total of 76 incidents of piracy and armed robbery reported in Asia in 2018.

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Volumes at PSA International Keep Rising in 2018

Containers

PSA International handled 81 million TEUs in 2018, a rise of 9.1% over 74.2 million TEUs reported in 2017.

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ONE: Two Boxships Set Container Loading Records

In late December 2018, two ULCVs operated by ONE set container loading records.

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