-
Europe
DONG Energy to list in Copenhagen
DONG Energy, the Danish offshore wind power giant, will list on Nasdaq Copenhagen this summer. The Kingdom of Denmark, as…
Read More » -
Asia
DSME develops its own LNG containment system
Daewoo Shipbuilding & Marine Engineering (DSME) has finally developed its LNG containment system, potentially saving the Korean yard millions of…
Read More » -
Americas
Senators demand pollution cuts around US port cities
A group of Democrat senators have sent a letter to the Environmental Protection Agency in the US, urging federal regulators…
Read More » -
Americas
MST faces fine in the US
German owner MST has been charged in the US with covering up illegal dumping of oily wastewater. Its bulker, ,…
Read More » -
Americas
New container alliance to be revealed this week
A new container alliance will be revealed in the next couple of days. William Doyle, from the US’s Federal Maritime…
Read More » -
Asia
Investigators step up insider trading probe at Hanjin Shipping
The office and home of Choi Eun-yeong, former chairman of Hanjin Shipping, were raided this morning as prosecutors pursue insider…
Read More » -
Americas
CMA CGM ditches 18,000 teu transpacific ship experiment
CMA CGM’s grand experiment, deploying ultra large container vessels on the transpacific, has come to a quick end. The French…
Read More » -
Americas
Genco misses three loan payments
Genco Shipping and Trading is in trouble again. The New York-listed dry bulk firm, which exited bankruptcy two years ago,…
Read More » -
Asia
Travel ban issued to former DSME execs as fraud investigation hots up
Two former heads of Daewoo Shipbuilding & Marine Engineering (DSME) have been handed a travel ban, as investigators look into…
Read More » -
Asia
HMM debt-to-equity swap plan to be discussed
Creditors next week will start discussing a debt-to-equity swap plan with Korean line Hyundai Merchant Marine (HMM), its lead creditor…
Read More » -
Asia
MMC keen to buy more ports
Malaysian conglomerate MMC Corp is looking to buy more ports. The firm, which is involved in real estate and power…
Read More » -
Asia
Dae Sun wins chemical tanker order
Dae Sun Shipbuilding & Engineering from South Korea has won an order from compatriot owner HNCC for a 3,500 dwt…
Read More » -
Middle East
Giant Saudi yard to start operations in 2018
A giant new shipyard complex in Saudi Arabia will be fully operational by 2021. Amin Nasser, chief executive of Saudi…
Read More » -
Environment
Danish shipowners repeat calls for uniform global environmental legislation
The Danish Shipowners’ Association has repeated calls for uniform global environmental legislation while launching a new website today. The site,…
Read More » -
Americas
MOL fixes FSRU in Uruguay
Mitsui OSK Lines (MOL), via subsidiary Lakler, has agreed to conclude a charter contract, with an eye toward reaching a…
Read More » -
Containers
Containerlines could lose $10bn this year
Containerlines could lose as much as $10bn this year, a new report from Drewry claims. “Carrier profit margins this year…
Read More » -
Asia
Hyundai Heavy readies to mothball drydocks
The world’s largest shipbuilder is readying plans to mothball drydocks as its orderbook dwindles and restructuring beckons. The unprecedented move…
Read More » -
Operations
Mysterious beached tanker likely abandoned by owners
Liberian authorities have finally made comment about the Tamaya 1, a mysterious small product tanker that washed up on its…
Read More » -
Americas
Shipowners brace for Panama Papers backlash
More details from the so called Panama Papers are expected to be revealed today. The leaks from Panamanian law firm…
Read More » -
Asia
New Delhi tells Shipping Corp of India to order ships
India’s largest shipowner should order new ships, a parliamentary panel on transport has recommended. State-run Shipping Corporation of India (SCI)…
Read More »