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Asia
Hyundai Merchant Marine confident it will join THE Alliance
Hyundai Merchant Marine (HMM), which looks like the loser in the game of container alliances at the moment, has been…
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Americas
90,000 gallons of oil leaked in Shell subsea spill
Nearly 90,000 gallons of oil leaked from a Shell flow line into the Gulf of Mexico 90 miles off the…
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Americas
Maersk sends two boxships to Alang
Maersk is sending two boxships to Alang in India for scrapping, a key trial for the Danish group’s recycling plans…
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Europe
1,000 more job cuts likely at DNV GL
Classification society DNV GL has warned that the low global price of oil could lead to 1,000 more redundancies at…
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Asia
Details of new container alliance emerge
The make up of a third global container alliance has been revealed by the Wall Street Journal. Japan’s Nippon Yusen…
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Europe
Havila, Olympic and Rem merger proposed
Norwegian offshore news site Nett.no is reporting that local bank DnB is holding discussions aiming to push through a merger…
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Europe
Russia seeks extradition of former shipyard boss
Moscow is in touch with authorities in the US, seeking the extradition of the former head of state-run shipyard, Far…
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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…
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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…
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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…
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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, ,…
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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…
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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…
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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…
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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,…
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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…
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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…
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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…
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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…
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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…
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