Kidnapped Vietnamese Seafarer Killed by Abu Sayyaf

A Vietnamese seafarer who was kidnapped on February 19th by Abu Sayyaf, an affiliate to the ISIS Islamic terror ...

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Five Hanjin Bulkers Sold for USD 125 Mn

Five bulk carriers, owned by the former South Korean shipping giant Hanjin Shipping, have been sold to multiple ...

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Japan's Orderbook Sees Slowest Decline Rate

Amid the current muted shipbuilding market the Japanese orderbook has shown its endurance and recently surpassed ...

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South Korea to Recover Sewol Wreck in Early April

The wreck of the Sewol ferry, which sank almost three years ago with over 300 people on board, may emerge from the ...

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APL to Add New, Modify Existing Three Services

Singapore-based container shipping company APL plans to launch three new weekly services and revise its Latin ...

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2M, HMM Officially Launch Cooperation Deal

The heads of Maersk Line, Mediterranean Shipping Company (MSC) and Hyundai Merchant Marine (HMM) signed an ...

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SHI Completes World's Largest Boxship

South Korean shipbuilding major Samsung Heavy Industries (SHI) held a naming ceremony today at its Geoje shipyard ...

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Mitsubishi Heavy to Restructure Its Shipbuilding Business?

Japan’s Mitsubishi Heavy Industries (MHI) is considering to restructure its shipbuilding activities and enter ...

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SM Group Chosen as Preferred Bidder to Take Over STX Corp

A consortium spearheaded by South Korea’s Samra Midas Group (SM Group) has been selected as the preferred ...

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Creditors Consider Another Rescue Package for DSME

Creditors of the cash strapped Korean shipbuilder Daewoo Shipbuilding & Marine Engineering are looking to ...

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Asia-Europe Trade to See Further Rate Turmoil

The Asia-Europe trade route is bound to experience further rate turmoil during 2017 as carriers from three new ...

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MPA Singapore Suspends Licences of Five Bunker Tankers

Maritime and Port Authority of Singapore (MPA) has temporarily suspended the harbour craft licences of five bunker ...

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Cosco Zhoushan Delivers Shuttle Tanker Anna Knutsen

COSCO (Zhoushan) Shipyard Co., Ltd, a subsidiary of COSCO Shipyard Group Co., has delivered a 152,300 dwt shuttle ...

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Caledonian Sky Refloated after Grounding on Indonesian Reef

Expedition vessel MS Caledonian Sky has been refloated after it ran aground on a reef off Indonesia on March 4, the ...

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Challenges and Solutions in 2017 Cruise Market

China’s rapid economic evolution has attracted more people to leisure travel opportunities and the number of ...

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Value of Marine Freight Industry to Reach USD 210 Bn by 2021

The global marine freight industry is expected to return to 2014 levels by mid-2019 and reach a value of ...

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North Korean Ship Sinks off China, 27 Crew Rescued

Twenty seven crew members were rescued from a North Korean general cargo ship identified as Kum San that sank on ...

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Drewry: New Alliance Networks-Winners and Losers

The Ocean Alliance has the most services at its disposal with a total of 40 loops spread across seven East-West ...

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OOIL Sees Red Ink amid Difficult Markets

Due to challenging market conditions, Hong Kong’s Orient Overseas International Limited (OOIL), owner of ...

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HSH Nordbank Rejects Rickmers’ Debt Restructuring Plan

German HSH Nordbank has dismissed the debt restructuring proposal of Singapore-based containership owner and ...

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Shreyas Shipping Taking Over Balaji Shipping

Mumbai based shipping company Shreyas Shipping and Logistics Limited (Shreyas), part of Transworld Group, has ...

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Diana Containerships Clinches Charter Deal from OOCL

Greek shipping firm Diana Containerships is planning to reactivate its 6,541 TEU container vessel MV Pucon as it ...

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Spliethoff Orders Six Ships in China

Amsterdam-based shipping company Spliethoff has ordered six multipurpose vessels from Chinese shipbuilder Zhejiang ...

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ICTSI's Net Income Triples in 2016

Manila-based container terminal operator International Container Terminal Services, Inc. (ICTSI) has seen its net ...

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Global Maritime Kidnaps Jump by 44 Pct in 2016

Maritime kidnaps across the globe surged by 44 percent in 2016, in part driven by an uptick of activity in the Gulf ...

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Pacific Basin Ends 18-Month Buying Drought

Hong Kong-based dry bulk owner Pacific Basin Shipping has decided to expand its fleet as it reached an agreement to ...

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Report: HHI in Talks for USD 1 Bn Worth of Deals

South Korea’s shipbuilder Hyundai Heavy Industries is in talks to build up to a dozen very large crude ...

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