-
Americas
MSC’s Seattle port deal questioned
The Port of Seattle has demanded Mediterranean Shipping Co (MSC) pay a security deposit before it takes over the running…
Read More » -
Containers
SM Line starts fleet buildup in earnest with feeder buy
Samra Midas Group (SM Group), the new name in container shipping, has got its fleet buildup plans underway. Having recently…
Read More » -
Europe
Kitack Lim hits out at EU plans to reduce shipping emissions
IMO Secretary-General Kitack Lim has written to senior European officials expressing his concern that including shipping in the European Union’s…
Read More » -
Asia
Five confirmed dead following latest fire at Gadani
Five workers have been confirmed dead after yet another fatal fire ripped through a ship at Pakistan’s ship dismantling centre…
Read More » -
Piracy
Crew kidnappings highest in a decade
More crew were kidnapped at sea in 2016 than in any of the previous 10 years, despite global piracy reaching…
Read More » -
Asia
Port Klang outlines massive new terminal complex
First came Northport, then Westports, now the Port Klang Authority (PKA) has outlined plans to develop a huge new terminal…
Read More » -
Europe
Valloeby in for Chinese-built LR1
Germany’s Chemikalien Seetransport has sold the dirty trading LR1 tanker to Malta-based Valloeby Shipping for a touch above $13m. The…
Read More » -
Europe
Franco Naviera snaps up bargain Japanese handymax
Greek owner Franco Naviera has picked up a bargain Japanese 2008-built handymax bulker for just $10.1m, at least $2m cheaper…
Read More » -
Middle East
Gulf Navigation forms agency partnership with Polimar Turkish
The rapid diversification at Dubai’s erstwhile tanker operator Gulf Navigation continues with news that it has formed a partnership with…
Read More » -
Europe
Ship Finance International back at Daehan for more product tankers
John Fredriksen’s Ship Finance International has extended its series at Daehan Shipbuilding by ordering two plus two options 114,000 dwt…
Read More » -
Europe
Alibaba jumps ahead of Amazon with Maersk tie-up
Alibaba’s move to partner with Maersk Line should be seen as a game of one-upmanship with US rival Amazon, a…
Read More » -
Asia
Owners forced to pay up to clean Johor boxship collision
Each of the two shipowners involved in Tuesday’s container ship collision in Johor Port in Malaysia have been ordered to…
Read More » -
Asia
Seoul readies billions to aid local lines and yards
Seoul will launch a state-backed ship financing firm this month with initial capital of KRW1trn ($845m) to help the nation’s…
Read More » -
Americas
Port of Portland sues Monsanto
The Port of Portland is suing agriculture giant Monsanto Corporation for contamination on port property. The port wants the company…
Read More » -
Greater China
Wison unveils floating power designs
Shanghai-based Wison Offshore & Marine has unveiled a range of solutions for floating power supply. With a design philosophy of…
Read More » -
Asia
SM pushes ahead with plans to become a top 20 liner
Samra Midas Group (SM Group) has prodded brokers to source up to 21 ships as it ploughs ahead with transpacific…
Read More » -
Europe
Kristian Siem walks away from Farstad takeover
Kristian Siem has called off the takeover of Farstad Shipping, plunging the future of the Norwegian OSV operator into doubt…
Read More » -
Europe
2017: the year for dry bulk owners to escape the bankers’ clutch
Jens Ismar, ceo of Norway’s Western Bulk Chartering, foresees a healthier year coming up for dry bulk, one where “many…
Read More » -
Europe
Euronav seals sale and leaseback agreement for four VLCCs
Euronav has entered into a five-year sale and leaseback agreement for four VLCC vessels with investment vehicles advised by Wafra…
Read More » -
Asia
Japanese yards overtake Korean rivals
For the first time since the dawn of the new millennium Japanese yards have overtaken their Korean rivals in terms…
Read More »