Sector
-
US warns merchant shipping of Iranian GPS spoofing threat
The US Department of Transportation’s Maritime Administration issued a warning yesterday suggesting Iran is engaged in interfering with ships’ GPS…
Read More » -
VLCCs ‘close to a perfect storm’: Fearnleys
Norwegian broker Fearnleys has described the VLCC chartering market as being “close to a perfect storm” in the past week.…
Read More » -
Peak season transpacific rates 25% off last year’s numbers
Transpacific box rates to the US West Coast are 25% below where they were this time last year, according to…
Read More » -
UNCTAD data illustrates China’s maritime dominance
China’s dominance on the world maritime map has been illustrated once again with the release yesterday of new port data…
Read More » -
Cape concern over Beijing’s edict to use scrap steel as feedstock
Capesize owners will be concerned with the latest edict from Beijing regarding China’s huge steelmaking sector. China is looking to…
Read More » -
Weekly Broker: First week of August consigns summer lull theory to history
The first week of August has proven once and for all that the old adage of the summer slowdown can…
Read More » -
Simatech snaps up Borealis boxship
Christoph Toepfer-led Borealis Finance has completed its second containership sale this week, letting go of the 2006-built 2,824 teu .…
Read More » -
James Fisher acquires Brazilian subsea firm
James Fisher and Sons has acquired a 60% stake in Continental Participação E Administração, the holding company of Brazilian subsea…
Read More » -
Bourbon gets court approval to open rehabilitation proceedings
Bourbon Corporation and subsidiary Bourbon Maritime has had French courts approve its request to open redressement judiciaire (rehabilitation proceedings). Bourbon had…
Read More » -
TGS set to complete Spectrum acquisition
Norwegian seismic specialist TGS-NOPEC Geophysical is set to complete the acquisition of Spectrum, a deal announced in May. All the…
Read More » -
Yasa finally finds buyer for kamsarmax
After more than a year on the sales block Turkey’s Yasa Shipping has finally sold the 82,000 dwt for $11.5m.…
Read More » -
Hapag-Lloyd to fine shippers $15,000 per box for any misdeclared hazardous cargoes
With misdeclared hazardous cargoes sparking many dangerous fires on boxships around the world, Germany’s top liner has taken severe action…
Read More » -
Iran’s president vows to deny UK ships access to Strait of Hormuz
The United Kingdom cannot use the Strait of Hormuz for as long as Iran is denied passage through the Strait…
Read More » -
Malfunctioning fumigation hatch creates panic in Vancouver
Locals enjoying the sunshine on a beach in West Vancouver were startled in the late afternoon yesterday when they heard…
Read More » -
MOL and Cosco seek further joint venture gas shipping projects
Japan’s largest shipping line has firmed ties with China’s biggest maritime conglomerate. Mitsui OSK Lines (MOL) and Cosco Shipping Energy…
Read More » -
MOL joins Asahi Tanker on the electric vessel circuit
Four Japanese companies are joining forces to develop and promote the infrastructure necessary to drive the use of electrically powered…
Read More » -
Oshima delivers Japan’s first battery-powered ship
Nagasaki-based Oshima Shipbuilding, best known for its range of bulk carriers, has delivered Japan’s first vessel to run solely on…
Read More » -
Administrators list Guiqin Shipping fleet up for sale
The administrators of the bankrupt Qinzhou-based bulk shipping operator Guiqin Shipping have listed the entire fleet of the company up…
Read More » -
Hutchison signs up for another Egyptian terminal
Hutchison Ports signed a memorandum of understanding yesterday in front of the Egyptian president Abdel-Fattah al-Sisi to establish a container…
Read More » -
Solstad Offshore offloads PSV
Norway’s Solstad Offshore subsidiary Farstad Supply has sold 1999-built Brazilian-flagged platform supply vessel . The sale has been completed, with…
Read More »