Region
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Taylor Maritime plans rapid doubling of handy fleet
Hong Kong handy specialist Taylor Maritime has revealed plans for the rapid expansion of its fleet. Founded in 2014, Taylor…
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‘There will be a wave of consolidation and CMA CGM is on the look out for opportunities’: Rodolphe Saadé
CMA CGM is on the hunt to swallow up other containerlines. Having just digested APL, the French line reckons opportunities…
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Top management at UACC quit
There’s been a management shakeup at chemical tanker specialist United Arab Chemical Carriers (UACC) in Dubai with both the company’s…
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Court dismisses Hanjin’s rehab plans as ‘realistically impossible’
The future of Hanjin Shipping has been cast further adrift with South Korea’s main news agency Yonhap reporting yesterday that…
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Worst is over in the long tunnel of dry bulk despair
There’s some glimmer of hope in the dry bulk trades for the first time in a very long time, according…
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Weak tanker spot market leading to greater pooling of tonnage
The tanker spot market was described as brutal and something that is leading directly to greater pooling of tonnage as…
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Samkang M&T to build $400m shipyard in Iran
While all around it are struggling to get any orders, one South Korean yard is storming ahead with the best…
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Shipping danger: The US pivot to Asia
Clearly the maritime shipping business will begin to pull out of its depression if the world economy begins a strong…
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Maritime ‘central’ to Theresa May’s new industrial strategy
Maritime is central to the new Theresa May-led government, the UK’s transport minister said yesterday. Lord Ahmad of Wimbledon addressed…
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Handy specialist Tan Binh in for another
Brokers link Tan Binh Shipping to the purchase of the Japanese-controlled, 32,000 dwt , its second handy acquisition of the…
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Lula will face trial in Petrobras-linked graft case
A Brazilian federal judge on Tuesday confirmed that the country’s charismatic former president Luiz Inacio Lula da Silva will face…
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Two more families of El Faro crew members accept settlements
Two families of crewmen lost in the El Faro cargo ship disaster on Tuesday accepted settlement amounts in their wrongful…
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Port of Oakland terminal makes night gates policy permanent
The Port of Oakland has announced that the policy of operating night gates at its International Container terminal, originally a…
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DOF sells subsea vessel
DOF Subsea has agreed to sell its subsea support vessel to a new joint venture being formed by Akastor’s AKOFS…
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RBS’s shipping business will be wound down, not sold
The Royal Bank of Scotland (RBS) has abandoned efforts to sell its $5bn shipping loan portfolio and has begun winding…
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BW LPG prepares takeover offer for Aurora
BW LPG has upped its stake in Aurora LPG again and is to launch a voluntary tender offer to buy…
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CMES capesize fixed on timecharter, more optimism in spot market
China Merchants Energy Shipping has reportedly fixed one of its capesize bulk carriers on a five- to eight-month timecharter while…
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Farstad closes its Melbourne office, halves Australian workforce
Farstad Shipping is to close its management office in Melbourne and run its Australian operations from its office in Perth.…
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Navios Acquisition lends $70m to Navios Maritime
Navios Maritime Acquisition has provided a $70m secured loan to its sister company Navios Maritime Holdings, which will be used…
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Welcome to the Hanjin California
Frazer Hunt, a partner at Australian law firm Mills Oakley, taps The Eagles in charting the chaos sparked by the…
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