Sector
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Demo rates close in on $450 per ldt
Aggressive Pakistani buyers are pushing demo rates into territory not seen for years. The scrapping of the 151,102 dwt Silver…
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IUMI calls for better firefighting systems onboard bigger boxships
With the growing size of container vessels, and a recent spate of fires onboard these ships, the International Union of…
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DP World buys Drydocks World and Dubai Maritime City
Dubai Inc has moved to consolidate its top maritime brands, solving a multi-billion dollar restructuring riddle in the process. Global…
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SAL Heavy Lift closes Dutch offshore office
SAL Heavy Lift has announced the closure of its Dutch-based business SAL Offshore citing challenging times and a significant reduction of projects…
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FSRU needed for a new LNG terminal in Croatia
Croatian state-owned company LNG Hrvatska is looking for counterparts for the development of a new LNG import terminal on the…
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Sasaki wins LPG pair
Toda Kisen, a small Japanese owner based on the island of Shikoku, has gone to compatriot yard Sasaki Shipbuilding for…
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Diana Shipping fixes panamax at higher rate
Greek dry bulk owner Diana Shipping has entered into a time charter contract with Korea’s Unico Logistics for panamax dry…
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US Navy dismisses two more officers over fatal collisions with commercial ships
The US Navy has fired two senior officers of the Seventh Fleet in the wake of a series of mishaps,…
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Sembcorp Marine to build CGL carriers for SeaOne
Singapore shipbuilder Sembcorp Marine has sealed a letter of intent with Texas-headquartered SeaOne Caribbean for the design and construction of at…
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Sinokor Merchant Marine acquires VLCC from K Line
South Korean owner Sinokor Merchant Marine has acquired the 300,000 dwt VLCC from Japanese owner K Line. Broking sources revealed…
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Wellington gets quake-hit cranes running again after 10-month hiatus
Ten months after a giant earthquake racked New Zealand, the port in the nation’s capital, Wellington, has finally got two…
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Underwriters struggling to cover their obligations: IUMI
“Continuing uncertainty is the only certainty for marine underwriters,” a senior member of the International Union of Marine Insurance (IUMI)…
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CMA CGM finally confirms orders for record-breaking 22,000 teu ships
In one of the longest telegraphed orders in the 62-year history of container shipping, France’s CMA CGM has finally come…
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DP World to make exit from Surabaya
Dubai-based ports giant DP World has decided not to renew its operating contract at PT Terminal Petikemas Surabaya (TPS) in…
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IMO warns on shipping bauxite
Another warning on the dangers of shipping notoriously unstable bauxite has been issued by the International Maritime Organization (IMO). Bauxite…
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Chemical leak onboard boxship at Keelung
Fujian Orient Shipping feeder containership suffered a chemical leak while it was berthing at Taiwan’s Keelung Port on Friday. According…
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Yonghang Shipping captain and crew charged with cargo theft
A district court in Qingdao has prosecuted 19 crew from Zhejiang Yonghang Shipping for stealing cargo from the company’s 13,700…
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Total finds Indian charter for LNG carrier
Shipping Corporation of India has taken a 165,000 cu m LNG carrier on charter from France’s Total to haul gas…
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Apeejay Shipping takes panamax
India’s Apeejay Shipping has taken an ageing panamax bulker to bring its fleet size to seven ships, a mix of…
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Nam Cheong offloads more property to reduce debt
Malaysian OSV shipbuilder Nam Cheong has reached a deal to sell its office unit located on Paya Lebar Road in Singapore…
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