-
Asia
Officials take action as congestion sees boxships waiting for 12 days off Chittagong
Chittagong Port Authority has moved to alleviate the congestion situation at Bangladesh’s top port. Gearless boxships have had to wait…
Read More » -
Americas
Economou faces another legal headache as investor questions Ocean Rig’s restructuring
With lawsuits racking up against one of his firms DryShips, George Economou is also facing a legal challenge at his…
Read More » -
Operations
Flags of convenience pose national security risks: Australian Senate
The Australian senate’s inquiry into flag of convenience (FOC) shipping has warned that FOCs pose a threat to national security.…
Read More » -
Shipyards
Number of active shipbuilders falls by 62% since 2009
There are just 358 active shipbuilding yards around the world today, a figure that will continue to decline, according to…
Read More » -
Greater China
China on track to hit 1bn tons of iron ore imports for the year early
China is on track to hit the 1bn ton mark of iron ore imports much earlier this year than in…
Read More » -
Europe
Cobham blames client for satcom hack
Cobham, the UK satellite communications provider, which was at the center of an embarrassing ship hack on Tuesday, has laid…
Read More » -
Americas
‘If it can happen to Maersk, it can happen to anyone’: FMC warns on cyber attacks
William Doyle, a Federal Maritime Commissioner based in Washington DC, has warned shipping lines to be on alert for cyber…
Read More » -
Asia
Samsung Heavy readies to slash workforce further
South Korea’s Samsung Heavy Industries (SHI) is looking to slash its workforce furhter and get employees to return part of…
Read More » -
Asia
Orient Express Lines takes on its largest ship
Intra-Asia operator Orient Express Lines (OEL), a Southeast Asian subsidiary of India’s Transworld Group, has bought the 14-year-old, 4,252 teu…
Read More » -
Asia
PIL tipped as next box consolidation target
Alphaliner is tipping Singapore’s Pacific International Lines (PIL) as the next candidate in container shipping’s current great wave of consolidation.…
Read More » -
Asia
HMM slashes capacity by 28% in just three months
Hyundai Merchant Marine (HMM) has drastically slashed the operating capacity of its box fleet by more than a quarter in…
Read More » -
Tech
Ship’s satellite communication system hacked with ease
The vulnerability of shipboard systems has been laid bare for all to see on social media. Splash has seen how…
Read More » -
Middle East
Zim IPO talk resurfaces
Israeli carrier Zim could try once again for an IPO. The containerline, now with a new CEO, Eli Glickman, at…
Read More » -
Asia
Asian piracy incidents hit 10-year low
The Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia Information Sharing Centre (ReCAAP ISC) has…
Read More » -
Europe
Maersk still not back to normal three weeks on from Petya attack
Three weeks on from the day Maersk was hit hard by the Petya ransomware and business is still not 100%…
Read More » -
Asia
SM Line pays $24m for 2006-built post-panamax
SM Line, the new South Korean carrier, continues its rapid fleet expansion. Founded by the Samra Midas Group last December,…
Read More » -
Greater China
Tungs remain active in the MR tanker sphere
In the wake of lining up the sale of their containerline, Hong Kong’s Tung family are keeping active in the…
Read More » -
Asia
Five Swissco vessels sold
The judicial managers of bust Swissco Holdings have found buyers for five OSVs for $11.2m. The 2013-built accommodation workboat Swissco…
Read More » -
Europe
Nordic Hamburg offloads bulker pair
Active owner Nordic Hamburg Shipping continues to rejig its fleet with brokers noting it has sold a pair of recently…
Read More » -
Americas
CSL takes second handy of the year
Canadian outfit CSL Group has pounced on the Japanese controlled handysize bulker , paying Yahata Trader $8.5m for the seven-year-old…
Read More »