GAC Opens Office at Sabetta Port
GAC Russia has opened an office to provide ship agency and support services for vessels calling at the newly built port of Sabetta. Sabetta sits on the Ob Bay in the Yamal Peninsula…
ASF Welcomes Certification of Indian Ship Recycling Yards
The Asian Shipowners’ Forum (ASF) warmly welcomes the tremendous effort made by ship recyclers in Alang, India that have recently received Statements of Compliance…
No Cruise Ship Tendering In Cayman Islands
Moses Kirkconnell, the Cayman Islands’ minister of tourism said that future off-shore tendering of cruise ships is out of the question in lieu of building a $150…
Singapore Eyes LNG Trading Hub Status
Singapore looks to pull ahead in the race to become Asia’s main gas hub by establishing a domestic gas trading market. Rising liquefied natural gas (LNG) supply…
Grand Banks Yachts Swings Back into Black
The builder of luxury yachts Grand Banks Yachts swung to a net profit of $1.2 million for the first quarter ended Sept 30 compared to a net loss of $1.3 million for the year-ago period.
Maersk Axe on Jobs
Maersk Oil, part of Danish conglomerate A.P. Møller-Maersk A/S, will cut 10% to 12% of its workforce as part of a plan to reduce operating costs by a fifth by the end of next year…
China Mulls Routine Arctic Transits
China Ocean Shipping (Group) Company (COSCO) plans to launch regular services through the Arctic Ocean to Europe, as global warming makes the route viable and Beijing steps up its northern ambitions…
Shipping Emissions Back in COP21 Agenda
The shipping industry emissions is back in the draft Paris COP 21 agreement following a meeting of negotiators in Bonn last week. Shipping was dropped earlier in October. However, on October 14, E.U.
Siem in Profit for Q3
Oslo-listed Siem Shipping reported a net profit of USD2.5 million (Q3 2014: net loss USD-0.2 million). The container lines are continuing to use very aggressive…
