-
Dry Cargo
Dry bulk mini-boom over: MSI
Splash readers have dry bulk pegged as the most improved sector in 2017, the second best performer, just pipped by…
Read More » -
Offshore
OSVs set for more pain: Fearnley
Fearnley Offshore Supply has put forth a depressing outlook for the OSV sector in a just published report. “As clearly…
Read More » -
Europe
New Shipping takes modern VLCC for $60m
Following much speculation over the past few months, HNA Group has finally disposed of the modern VLCC for around $60m,…
Read More » -
Dry Cargo
Handysize bulker prices remain steady
Values remain steady in the handysize bulker segment, Clarkson Research reports, with Japan’s Yahata Kisen selling the modern 28,348 dwt…
Read More » -
Asia
Price differential between Japanese and Chinese bulkers evident in recent resales
A resale panamax bulker with a 38 m wide beam design has fetched $25m in an off-market deal, Thrasyvoulos bought by Samos…
Read More » -
Europe
Chartworld chases bulker trio
Greece’s Chartworld has roared back into action with a trio of acquisitions, making the most of the bargain secondhand prices…
Read More » -
Europe
CMA CGM tipped to take over OOCL
France’s CMA CGM, fresh from gobbling up Neptune Orient Lines (NOL), is being widely tipped to be the suitor to…
Read More » -
Greater China
Why OOCL will tempt many
So no surprise that talk of Orient Overseas Container Line (OOCL) being bought out dominated hits this week here at…
Read More » -
Americas
Morgan Stanley and Economou looking to sell Heidmar to FDX Capital
The Financial Times is reporting that Morgan Stanley has joined George Economou in looking to sell their stakes in tanker…
Read More » -
Asia
SM in for Hanjin’s Korean terminals
SM Line, South Korea’s newest containerline, owned by Samra Midas Group, continues to make waves. SM, which also owns dry…
Read More » -
Americas
Greeks fined for oily discharge in Wilmington
Two Greek shipping companies were sentenced yesterday to pay penalties totalling $2.7m after being convicted for obstructing justice, violating the…
Read More » -
Asia
‘Container consolidation giving rise to uncertainties as well as opportunities’: PSA
The head of one of the world’s top container terminal operators has admitted times are tough for those in the…
Read More » -
Europe
German repair yards join forces
As of February 1, German repair yards comprising German Dry Docks (GDD), BREDO Dockgesellschaft (BREDO) and Mützelfeldwerft will form a…
Read More » -
Asia
Vietnam shipping salary arrears spiral
Vietnam’s Ministry of Transport today named and shamed a number of transport firms including the nation’s top shipping line for…
Read More » -
Asia
Korean yards ready another 4,000 layoffs
South Korea’s top three shipyards – Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering…
Read More » -
Dry Cargo
Dry bulk stocks best performers in 2017
Dry bulk equities have recorded the largest gains of all the shipping segments over the past month, indicating, what Alphabulk…
Read More » -
Asia
Germans hit out at Asian governments intervening to save maritime firms
The German government has adopted a maritime agenda through to 2025, a move that has been welcomed by the nation’s…
Read More » -
Asia
Gadani closed following latest fire
Authorities have once again closed Pakistan’s main shipbreaking site at Gadani following the third fire there in two months. The…
Read More » -
Americas
Elaine Chao promises to protect Jones Act
Donald Trump’s pick to run the transport department, Elaine Chao, has vowed to uphold the Jones Act, the US’s long…
Read More » -
Greater China
OOCL takeover talk picks up
Speculation over Orient Overseas Container Line (OOCL) being up for sale has seen the share price of its parent firm…
Read More »