Sector
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Thoresen sells another open-hatch bulk carrier
Thailand’s Thoresen Shipping has sold 1995-built open hatch bulk carrier , fetching $4.25m for the 42,529 dwt vessel. The sale…
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PIL, PSA and IBM run blockchain cargo trial from Chongqing to Singapore
Singapore boxline PIL, terminal operator PSA International and IBM have successfully carried out a blockchain trial to track and trace…
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DP World’s Djibouti contract scrapped
A diplomatic spat has erupted in the Middle East with Dubai terminal operator DP World accusing the government of Djibouti…
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France’s joined-up thinking gives it the lead in race for LNG as a ship fuel
Public and private sectors have come together to push the European nation to the front of the LNG bunkering revolution.…
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Seamec charters vessel to Kruez Subsea
Indian offshore vessel operator Seamec has been awarded a contract by Kreuz Subsea for the charter of its maintenance and…
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Borr Drilling buys out Paragon Offshore
Borr Drilling has signed a binding tender agreement to buy all the outstanding shares in Paragon Offshore. The total acquisition…
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Global orderbook-to-fleet ratio falls to 10%, lowest level since 1999
The global shipping newbuild vessel orderbook-to-fleet ratio has fallen back to 10%, its lowest level since the end of the…
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European Commission issues massive fines for cartel behaviour among car carriers
The European Commission has fined a raft of car carrier firms €395m ($485.6m) for taking part in cartels, in breach…
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Weekly Broker: Holidays show little sign of a buying break
Compared to recent Chinese New Year breaks, sales and purchase activity remained rather perky this week, redolent of the current…
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Environment over economy key to China’s containerised trade outlook
Chinese industry is key to the global box market writes Sam Williams from ClipperMaritime, a consultancy that has this month…
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More oil washes up in southern Japan from sunken Sanchi
Oil that has washed up on two islands in the south of Japan is likely to have come from the…
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Sinokor orders VLCC pair at Hyundai Heavy
Sinokor has ordered a pair of VLCCs at Hyundai Heavy Industries (HHI). The big 320,000 dwt tankers will deliver late…
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BHP Billiton likely to start Trion drilling in fourth quarter
Australian energy company BHP Billiton should begin exploratory drilling at the Trion discovery in the Mexican Gulf of Mexico in…
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Fugro wins $40m contract in China
Dutch seismic services company Fugro has been awarded a contract by Guangzhou Marine Geological Survey (GMGS) for a gas hydrate investigation on…
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Myanmar’s emerging belt road dilemma: China versus India
Preparations for speaking engagements in China as part of my doctorate research into the Belt Road Initiative (BRI), have revealed…
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MSC and Palumbo team up for a new floating drydock in Naples
Two shipyards based in the port of Naples, La Nuova Meccanica Navale (50% owned by MSC Group and the local…
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H-Line orders VLCC brace at Hyundai Heavy
Brokers are reporting South Korea’s H-Line Shipping has put pen to paper for a pair of 300,000 dwt VLCCs at…
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KMTC contracts four feeders at Hyundai Mipo
Intra-Asia specialist Korea Maritime Transport Co (KMTC) has contracted Hyundai Mipo Dockyard to build four 1,800 teu boxships. No price…
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Maersk targets land-based acquisitions
While acknowledging there is still more consolidation to come in liner shipping, Maersk Line, the world’s largest boxline, has made…
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HMM gambles on classic panamaxes for Asia-Europe return
With an eye on 2020 when its agreement with Maersk and MSC comes up for renewal, Hyundai Merchant Marine (HMM)…
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