DNV GL, Gard, The Swedish Club Step in to Cut Anchor Losses
The root cause of many groundings and collisions, lost anchors are among the top five reasons for claims costs. A rising number of anchor losses reported over the last several years prompted DNV GL…
V.Group Buys Bibby Ship Management
V.Group has acquired Bibby Ship Management, part of the Bibby Line Group, which has an established track record for providing high quality, safe and reliable ship…
ICTSI Income Drops 68%
International Container Terminal Services, Inc. (ICTSI) reported audited consolidated financial results for the year ended December 31, 2015 posting revenue from port operations of US$1.051 billion…
Two Indian Sailors Killed in Yemen Vessel Fire
Two Indian sailors were killed in a fire on board a vessel off Yemen while three Indians injured in the fire have been admitted to a hospital in Oman, Indian External…
Bunkering Vessel Evacuated After Fire in Dalian Bay
The bunkering vessel "Bo Feng You 10" reported a fire on board in the morning of Mar 7, 2016, says Dalian Maritime Safety Administration. The vessel was was anchored…
$4.3B: Daewoo Shipbuilding has Record Loss
South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) posted a KRW 5.13 trillion (USD 4.3 billion) worth loss for the full year of 2015.
Daewoo's World’s First Floating LNG Plant for Petronas
Daewoo Shipbuilding & Marine Engineering completed a floating liquefied natural gas (FLNG) project called “floating LNG plant” for the first time in the world. The…
CMA CGM Volume Strong, Profit Dips
French carrier CMA CGM’s revenue and profit slipped last year despite a 6.3 percent volume increase, but the company said it’s counting on cost cuts and the pending…
Drewry: HMM, Hanjin Mull Merger
A merger between Hyundai Merchant Marine (HMM) and Hanjin Shipping remains a real possibility, says the London-based analyst firmDrewry, who has looked at how such a company will look like.
Eagle Bulk Gets Another Few Days
Lenders to Eagle Bulk Shipping Inc gave it a few more days to negotiate a deal to boost its liquidity and avoid default. The supramax specialist Eagle Bulk has extended…
- 1
- 2
