Strong Supply Growth Threatens Rosy Days for Tanker Owners
A surge in crude tanker vessel capacity over the next two years will lead to a fall in ship-owner earnings from current highs, according to the latest edition of the Tanker Forecaster…
Gibdock Strengthens Position with German Owners
Gibraltar ship repair yard Gibdock said it is strengthening its impact within the German ship owning market. Working in partnership with its local agent, Hamburg-based Combitrade, the yard has managed to win a significant amount of business from some of the country’s shipowners and managers. Peter Döhle Schiffahrts-KG recently chose Gibdock to work on one of its 1,730 teu capacity geared containerships.
Maersk to Boost Asia-Euro Box Rates Sharply
The world's largest container shipping company, Maersk Line, plans to raise spot freight rates sharply on main routes from ports in Asia to ports in northern Europe…
Diesel-electric Propulsion for 4 Semi-sub Ships
CSBC Corporation Taiwan has chosen Siemens to supply diesel-electric propulsion systems and other accessories for four 65,000-ton semi-submersible deck cargo vessels (SSDCVs).
LNG Owners Pool Fleets to Cut Costs
Three of the top liquefied natural gas (LNG) tanker owners have decided to market 14 vessels jointly on a spot charter basis, part of a new pooling arrangement that…
U.N. Urges Greece to Take Charge of Refugee Crisis
Hard for us to help if no one in charge, UNHCR says; 160,000 refugees, migrants have reached Greece this year. Greece must show "much more leadership" to tackle an escalating crisis in which 160…
Imtech Sheds More Businesse Units
Banks sell Imtech Traffic & Infra; sale of Imtech Germany launched. The administrators and creditors of collapsed Dutch engineering services firm Royal Imtech pressed…
Australian Amphibious force Set for launch
Australia’s newest military capability, the Amphibious Ready Element, is preparing to demonstrate its capacity in waters off the North Queensland coast. Townsville-based 2nd Battalion…
Dynagas, GasLog, Golar LNG Team up to Operate LNG Carrier Pool
Dynagas Ltd., GasLog Ltd. and Golar LNG Ltd today jointly announced having entered into an LNG carrier pooling agreement to market their vessels, which are currently…
Damen Pumps for Brazilian Harbor Construction
Damen delivered two complete DOP packages to Acciona Infraestructuras, S.A., a Spanish construction company. The DOP submersible dredge pumps are being used in a…
Restrictions on Vessels with Hazardous Cargo at Tianjin Port
Inchcape Shipping Services is advising that Tianjin Municipal Transport Commission has issued notice to Tianjin Port to cease handling tankers and container ships carrying hazardous substances.
MacGregor's Improved Lashings Storage System
MacGregor, part of Cargotec, has developed a new 40ft flat rack loose lashings storage system that is designed to make better use of available deck space. "An overall trend for twistlocks…
Conrad Industries 2Q Revenue Shrinks
Conrad Industries, Inc. announced today its second quarter and six months 2015 financial results and backlog at June 30, 2015. For the quarter ended June 30, 2015…
USCG Gets New Vice Commandant
U.S. Coast Guard Vice Adm. Charles Michel formally assumed the role of vice commandant of the Coast Guard during a ceremony at U.S. Coast Guard Headquarters Monday.
Beiderbeck Motoryacht from Horizon
A new masterpiece from Beiderbeck Designs: in Taiwan, the yacht designers from Bremen are using the technical platform of a 33-metre long Horizon motoryacht for…
Shell, COSCO Ink Appomattox Platform Transportation Deal
COSCO Shipping Company Limited (COSCOL) signed a contract with Shell Offshore Inc. on 6 July 2015, for the transportation of…
World Shipping Hit by Slump in Global Trade
Dashing hopes of a quick recovery from the global trade recession earlier this year, world shipping has fallen into a deep slump over the late summer, says a report in the Telegraph.
Clarkson Sinks in the Rougher Seas
Shipping company Clarksons has published profits of GBP6.2mln, down 36.7 per cent on the first six months of the previous year, citing “severe challenges faced…
Major Shipping Companies Comes to Israel
The direct line shared by the world’s largest shipping companies Maersk and MSC is coming to Israel for the first time – as part of their massive 2M Alliance. Shipping…
Diana Fixes Artemis to China Shipping
Diana Shipping Inc, a global provider of shipping transportation services through its ownership of dry bulk vessels, has chartered out one of its panamax bulkers - Artemis (76…
