January 11th, 20190The move by four of the five terminal operators at Hong Kong port to join forces faces a hurdle as the local Competition Commission has opened an investigation with shippers concerned the new alliance could operate like a cartel.
Earlier this week the main operators of what was once the world’s largest container port announced plans...
January 9th, 20190The Vietnamese product tanker that suffered a massive explosion while taking on bunker fuel near an outlying island in Hong Kong on Tuesday morning is not in danger of sinking, local authorities have said.
One seafarer is confirmed dead and another two are missing following the blaze, which led the local news all day in the southern...
January 9th, 20190The operators of what was once the world’s largest container port are coming together amid flagging volumes to try and generate efficiencies.
Hutchison Port Holdings Trust (HPH Trust) said yesterday its flagship Hongkong International Terminals (HIT) along with Modern Terminals, Cosco-HIT Terminals (Hong Kong) and Asia Container...
January 8th, 20197The 2010-built product tanker caught fire following a massive explosion onboard near Hong Kong’s Lamma Island at around 11:30am this morning.
The 17,500 dwt vessel arrived in Hong Kong from Dongguan earlier in the morning before the explosion occurred in the dangerous goods anchorage south of Lamma.
Local authorities sent out...
January 7th, 20195Authorities in Hong Kong spent Sunday containing a big bunker spill, which has already spread for a number of kilometres.
The spill was reported at 0530 hrs local time while the bunker tanker Carlung was filling up the boxship at Container Terminal Three in Kwai Chung. Clear-up operations carried on throughout the day with early...
January 7th, 20190Hong Kong shipowner Wah Kwong Maritime Transport Holdings has sold 2012-built handysize bunker .
The sale, which has been confirmed to Splash, is said by brokers to be around the $9.75m mark to European buyers. The price is slightly higher than the VesselsValue valuation of $9.6m, although MSI places a fair market value of on the...
January 3rd, 201911Frank Coles, the new CEO of Wallem Group, has lashed maritime vendors across the world for failing to properly make the case for going green, digital or automated.
Coles, who joined shipmanagement giant Wallem two months ago from simulator provider Transas, took to LinkedIn to vent his anger at how technology developments are being...
January 2nd, 20191Don’t forget the bridge of a ship is a place of work, not a social hub. That’s the message from shipmanagement veteran, Peter Cremers, in the latest issue of LeaderShip, the in-house magazine of Anglo-Eastern.
Cremers, executive chairman of the shipmanagement giant, told deck officers in his foreword to the magazine to make the...
December 20th, 20180Asian commodity trader Noble Group has completed its restructuring and is now under a new holding company called Noble Group Holdings Limited (New Noble).
The company spent much of this year getting creditors to agree the complex restructuring. The company has been brought low by accounting fraud allegations first reported by Iceberg...
December 13th, 20181A captain of a chemical tanker has been fired by shipmanager Anglo-Eastern after being found more than three times over the legal drinking limit as his ship was due to leave New Zealand’s Port Taranaki laden with a cargo of methanol. Compounding the issue, the ship was meant to be a dry ship according to Anglo-Eastern...
