Announcement for the Expression of Interest

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

DSME Posts Lower H1 Profit

Shipbuilding

DSME wrapped up the first six months of 2018 with a lower profit year over year. 

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Yang Ming Confirms Order for 10 Units at CSBC Corporation

Yang Ming

Yang Ming has confirmed an order for ten 2,800 TEU boxships with compatriot CSBC Corporation.

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ReCAAP: Asian Armed Robbery Incidents Surge in July

Piracy

ReCAAP: A total of seven incidents of armed robbery against ships were reported in Asia in July 2018.

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Epic Gas Cuts Loss amid Improving Market Conditions

Shipping

Epic Gas managed to shrink its net loss in 2Q 2018, mainly due to improving market conditions.

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Three Crew Missing after VLCC Suffers Explosion off Oman

Tanker

Three people are reported missing after an explosion onboard crude oil tanker M.T. Desh Vaibhav.

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HMM Widens Loss amid High Bunker Costs, Poor Freight Rates

HMM containership

Higher bunker costs and lower average freight rates pushed HMM further into loss during the second quarter.

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Intertanko: Fuel Contamination Could Become an Epidemic

Bunkering

Intertanko criticizes inaction of maritime authorities regarding problems caused by contaminated fuels.

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Pan Ocean Delivers Nearly Double Net Profit

Money

Pan Ocean's net profit was almost double in 2Q of 2018, driven by a recovery in freight rates.

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COSCO Shipping International Bounces Back to Profit

FINANCE

Acquisitions drive COSCO Shipping International's turnover jump in Q2.

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Another Body Found after Hit and Run Incident off India

Map of collision

India locates fisherman's body after collision between a merchant vessel and fishing boat.

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Samsung Heavy Eyes Unpaid Leave as Orders Dry Up

Desert

Samsung Heavy Industries is to adopt a compulsory unpaid leave plan for its employees on the back of a drop in orders.

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China Seeks Feedback on Use of LNG as Marine Fuel

The Chinese Transport Ministry calls for feedback on the advancement of the use of LNG as marine fuel.

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Yang Ming Sinks Deeper into Loss

Yang Ming

Yang Ming's net loss expanded in the second quarter of 2018, amid a surge in fuel prices so far this year.

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Readers' Picks of the Week

Here are the most popular stories of the past week.

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Dorian LPG Invests in Scrubbers

Challenger

Dorian LPG inks deal for seven scrubbers worth USD 20 million.

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US Releases Another List of Chinese Imports to Face Tariffs

Tanker

The US unveils the second list considering Chinese imports valued at USD 16 billion.

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Unknown Ship Involved in Hit and Run off India

Aircraft

Unknown merchant vessel collided with the Indian fishing boat Oceanic, leaving three fishermen dead off Kerala.

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Carriers' Reliability Climbs in June 2018

Containership

CargoSmart: Ocean carriers' schedule reliability increased by 6.6% to 69.3% in June 2018.

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4 Reasons to Be Upbeat on Tanker Market Outlook

Tanker

DHT Holdings expects the times to turn for the better due to four key reasons.

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Terminal Start-Up Costs Put Pressure on ICTSI's Income

Manila International Container Terminal

ICTSI's net income dropped in 1H 2018 due to the start-up costs of new terminals in Papua New Guinea and Australia.

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JERA's New LNG Carrier Named at KHI's Sakaide Shipyard

LNG carrier Enshu Maru

A new LNG carrier, built for Japan's energy company JERA, was named KHI's Sakaide Shipyard on August 7.

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MISC's Earnings Drop amid Poor LNG Performance

LNG vessel Seri Camellia

MISC Berhad witnessed a drop in its earnings, mainly due to a slowdown in the LNG sector.

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Hermes Marine, Sinokor Merchant Marine on Ordering Spree

Bulker

Brokers: Hermes Marine and Sinokor Merchant Marine in for up to 14 newbuildings.

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MOL to Issue Green Bonds Targeting Individual Investors

MOL

Japanese shipping company MOL to issue green bonds through a public offering in the domestic market.

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G E Shipping Inks Deal to Purchase Secondhand VLGC

Shipping

G E Shipping has reached an agreement to expand its fleet with a secondhand very large gas carrier.

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Report: Unipec Halts Crude Oil Imports from U.S.

Tanker

Unipec has reportedly suspended imports of crude oil from the U.S. amid brewing trade war between the U.S. and China.

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Tung: COSCO-OOIL Merger Will Create an Industry Leader

COSCO, OOCL

Details of OOIL-COSCO merger revealed as the duo maps out joint future.

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