Protection for French Vessels by Private Operators
The enactment of Law No. 2014-742 of 1st July 2014 and the signing of decrees related during late 2014 and early 2015 resulted in June 2015 to approve the first…
Austal Wins $53.4 mln USN Procurement Contract
Austal USA was awarded a $53.4 million contract to procure long-lead materials for the 11th Expeditionary Fast Transport for the U.S. Navy. The award covers materials…
Maersk Lays-Up Triple-E
Maersk Line has laid-up one of its 18,000-teu Triple E containerships. It cannot rule out that it will have to anchor another of its massive Triple E ships in connection with the Chinese New Year.
Hyundai and Hanjin Deny Merger Talk
While merger talks between South Korean shipping companies Hanjin and Hyundai Merchant Marine lines hit the newspapers, the latter has refuted rumors that the government…
Carnival Sends Two Ships to China
Carnival Cruise Line has announced plans to commit two ships to the China cruise market: Carnival Miracle and Carnival Splendor. Both ships will be based in China year-round…
China Cosco Posts Q3 Loss
China Cosco, the flagship unit of state conglomerate Cosco Group, swung to a net loss in the third quarter of calendar 2015 at 1.7 billion yuan. Its revenue fell…
China Shipping Posts Q3 Profits
Hong Kong-listed China Shipping Development (CSD) , part of Chinese state giant China Shipping Group, posted a net profit of 391 million yuan, up 800 per cent compared to the same quarter last year.
Hapag-Lloyd Delays IPO
German container shipping group Hapag-Lloyd AG is postponing its stock market debut by a week after investors shied away from the company following Maersk Line’s modest profit forecast last week…
Polar Pioneer Returns to Port Angeles
The Polar Pioneer oil rig arrived in Port Angeles on Wednesday. Shell spokesman Curtis Smith said Port Angeles was an “excellent location for load-out” before the…
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