Seaspan Accepts Delivery of 14,000 TEU Box Ship
Seaspan Corporation has accepted delivery of a 14,000 TEU containership new build, the YM Warmth. The new containership, which was constructed at Hyundai Heavy Industries Co.…
Webinar: Autodesk Licensing Changes
The way in which users will be able to buy and access Autodesk software is changing. To help users better understand these changes and their implications, software…
Box Shipping Eyes More Overcapacity, Financial Pain
Slowing global trade and a bloated orderbook of large vessel capacity mean that container shipping is set for another three years of overcapacity and financial pain, according to the latest Container Forecaster report published by global shipping consultancy Drewry. The recent slowdown in world trade has forced Drewry to halve its forecast for container shipping growth for this year to just 2.2 percent and revise down estimates for future years.
Saudi Shipping Firm Bahri Posts Big Jump in Q3 Profit
National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a significant hike in third-quarter net profit on Thursday.
Former Shipping Execs Indicted on Price-fixing
Three former executives of ocean freight shipping firms have been indicted for participating in a long-running price-fixing conspiracy, the U.S. Justice Department announced. The executives – Yoshiyuki Aoki, Masahiro Kato and Shunichi Kusunose – have been brought up on felony charges for allegedly allocating customers and routes, rigging bids and fixing prices for the sale of international ocean shipments of roll-on, roll-off cargo to and from the U.S.
ClassNK Begins Testing CBM System
ClassNK has commenced verification tests of its next-generation condition-based monitoring (CBM) system ClassNK CMAXS e-GICSX for Mitsui’s MAN B&W engines. The system is being jointly developed by ClassNK, Mitsui Engineering & Shipbuilding Co., Ltd., and MES Technoservice Co., Ltd. and the verification test is being conducted on a MOL-managed vessel with the cooperation of Mitsui O.S.K. Lines. ClassNK CMAXS e-GICSX…
Royal Thai Navy Orders Harbor Tug
The Royal Thai Navy has ordered a new 32-meter tug from shipbuilder Italthai Marine Limited of Thailand, announced the vessel’s designer, Robert Allan Ltd. Italthai Marine, whose Managing Director Wirat Chanasit inked the construction deal with Navy Commander Admiral Krisorn Chansuvarnich on September 17, has entered a contract with Robert Allan Ltd. for its RAmparts 3200 Class Tug design, part of the popular RAmparts Series.
Eni Arctic Service Rig Extension Okayed
Italian oil company Eni has received permission from Norway's Petroleum Safety Authority to extend the use of a service rig on its troubled Arctic Goliat oil field offshore Norway until Nov.
N. Asia Snaps up Russian Crude Oil
Mideast crude freight to Japan highest since 2010. North Asian refiners have snapped up Russian crude oil loading in the last two months of this year to meet peak…
Oil Spill Statfjord North Sea Field - Statoil
Loading of tankers suspended, unclear when it will resume. Oil spilled into the North Sea during the loading of a tanker at Norway's Statfjord field on Thursday, operator Statoil said.
U.S. Will Dispatch Warships to South China Sea
The United States is expected to sail warships close to China's artificial islands in the South China Sea within the next two weeks to signal it does not recognize…
IRISL Looks West with New Vessels
The Islamic Republic of Iran Shipping Lines (IRISL) plans to become one of the world's top ten shipping lines. It plans to modernize its fleet and ally with international…
Indonesia, Australia on Joint Sea Patrol to Combat Illegal Fishing
Indonesian and Australian authorities have signed an agreement to combat illegal, unreported and unregulated (IUU) fishing and to promote sustainable fisheries governance across the region.
Indonesia Plans to Build 22 Ports
Indonesia Port Corporations (IPC) or PT Pelabuhan Indonesia (Pelindo) II, Indonesia’s state-owned port operator is to build 22 ports in the country in the next five…
Hydrographic Survey of Malacca Strait Underway
A hydrographic survey of the Straits of Malacca and Singapore (SOMS) was launched today by the three littoral States - Indonesia, Malaysia and Singapore - and the…
First Cruise Ship of the Record Season Arrives Auckland
Auckland’s bumper cruise season has officially kicked off with the arrival of Princess Cruises’ mega liner Diamond Princess into port today (October 08). New Zealand's…
China to Build Submarines in Pakistan
China will build in Karachi four of eight submarines that it is selling to Pakistan, Minister for Defence Production Rana Tanveer Hussain said, reports Dawn. The remaining four will be built in China.
Woman Medevaced From Cruise Ship off Virginia Beach
The Coast Guard medevaced a 30-year-old woman Tuesday from a cruise ship approximately 165 miles east of Virginia Beach. Coast Guard 5th District watchstanders received a request at 4:45 a.m.
MOL Undertakes CMAXS e-GICSX Test on MAYARO
Mitsui O.S.K. Lines, Ltd. today announced that it has started a demonstration test of a next-generation condition-based engine monitoring system called “CMAXS e…
MacGregor Wins Deck Machinery Order in China
MacGregor, part of Cargotec, has signed contracts with Chinese shipyard Guangzhou Shunhai Shipyard Ltd to deliver anchor handling/towing winch packages for five…
