Asia Tankers-VLCC Rates Rising on Weather, Volume
MidEast VLCC rates jump by almost $13,000 a day; Basra cargos could increase daily rates by $9,000. Freight rates on Asian routes for very large crude carriers (VLCCs)…
Maersk Line Enhances Mesawa Service
Maersk Line has announced its improved Mesawa service with direct calls into Pointe Noire in Africa. With this service, Maersk Line intends to reduce the transit time on the trade route.
Long Beach Port Breaks Another Record
The arrival of the biggest ship to visit North America catapulted the Port of Long Beach to its highest cargo volume for the month of February and extended cargo…
Suntex Marinas Acquires State Dock Marina
Suntex Marinas, an owner and operator of marina properties, announced today the acquisition of State Dock Marina on Lake Cumberland in Kentucky. Built to be a best…
D’Amico Buys Product Tanker from Itself
D’Amico Tankers Limited (Ireland) will acquire the product tanker Cielo di Milano (launched in 2003 by Shina Shipbuilding shipyard (South Korea) from its Italy-based…
Ship Retrofit to Cut Fuel Use by 25%
Carbon War Room (CWR) announced today that a collaboration between Hammonia Reederei, a Hamburg-based shipowner, and New Orleans-based charterer Intermarine, has…
MOL Breaks Ground for New Philippines Academy
Mitsui O.S.K. Lines, Ltd. today announced that on March 8, it held a groundbreaking ceremony for a new merchant marine academy in Salitran, Dasmariñas City, the Philippines.
GOST Debuts GOST Tracker App
Marine Security Leader Offers Free Vessel Tracking Software for Mobile Devices Fort Lauderdale, Fla. surveillance systems, announced today the release of a new free app – the GOST Tracker App.
$ 17.5 Bln Projects to be showcased at Maritime India Summit
Projects worth Rs. Indian Government's Minister for Shipping, Road Transport & Highways, Nitin Gadkari said that projects in the ports and shipping sector, worth an investment of Rs.
CKYHE Revises Asia-Europe, Med network
The CKYHE Alliance is reorganizing its service network for Asia-Europe and Asia-Mediterranean trades as the carriers try to counter the weak demand and excess capacity…
DP World in Philippines Talks
Dubai-based DP World Group chairman and CEO Sultan Ahmed bin Sulayem has held discussions with senior Philippines officials on trade and business opportunities.
DP World to Strengthen Ties with Thailand
DP World Group Chairman and CEO and Chairman of Ports, Customs and Free Zone Corporation Sultan Ahmed bin Sulayem has met the Deputy Prime Minister of Thailand, Somkid Jatusripitak…
China Bars North Korean Ship
Reuters reports that China’s Ministry of Transport has blacklisted 31 North Korean vessels in accordance with the UN Security Council resolution. China has barred…
Low Bunker Prices to Support Tanker Earnings
Lower oil prices performed wonders for the tanker market in 2015, says Drewry Maritime Research. Tonnage demand surged and oil trade expanded because of high consumption…
Paragon Sells Ships, Defer Deliveries
The dry bulk operator Paragon Shipping has reached an agreement with its creditors to liquidate its remaining fleet in order to settle one of its debt obligations.
Havyard Cancels Subsea Newbuild
Norwegian shipbuilder Havyard Ship Technology AS reports the cancelation of an order for an advanced subsea vessel placed by an undisclosed "international shipping company" in June last year.
Maersk Delivers Cookies to a Tanker...by Drone
Drones could cut time and costs for deliveries and inspections across the Maersk Group – but they must be reliable and absolutely safe. Maersk Tankers is testing delivery to vessels on drones that have been certified for explosive environments. Markus Kuhn peers out through the fog and spots the Maersk Edgar waiting across the chilly Danish waters. Drone operator Thierry Bauer, dressed against the winter cold after a long journey from his centre of operations in Southern France…
Megaships: Diminishing Economy of Scale?
The newbuild “arms race” for mega containerships may not deliver the hoped-for cost benefits, according to shipping consultancy Drewry, whose study on these increasingly massive vessels found new operational and financial impacts on lines, terminal operators, ports and other supply chain stakeholders. The results of Drewry’s simulation study show that the economies of scale – a key feature of the liner industry – may be running out as vessel size increases up to and beyond 18,000 teu.
Intracoastal Waterway Reopened after Tug Crash
The U.S. Coast Guard has removed restrictions for Intracoastal Waterway traffic near the Black Bayou Bridge in Lake Charles, La. The waterway was restricted when a part of the bridge's fendering system was struck by a tug that lost steering with three barges Monday night. The bridge and waterway opened to all highway and vessel traffic at 12:26 p.m. Wednesday. At 10:27 p.m. Monday night, the bridge…
Oil Majors Pay Mexico Regulator $80 Mln for Deepwater Data
Oil companies have paid Mexico's oil regulator nearly $80 million for seismic data ahead of an auction for deep water fields, suggesting robust interest in the tender…
