China Launches Shipping Giant, Battles Slump
Debut comes as industry battles prolonged downturn. China on Thursday launched a challenge to global shippers AP Moller Maersk and Mitsui OSK Lines, but analysts…
Progress on SID Convention Weclomed by ICS
The International Chamber of Shipping, as the Secretariat for the Shipowner Group at the International Labour Organization (ILO), co-ordinated employers’ representatives…
Alphatron’s River Radar a Success in Venice
Alphatron Marine announced has, together with its Italian distributor SIRM, signed an agreement with the Azienda del Consorzio Trasporti Veneziano (ACTV) authority for the delivery of 40 river radars for the public transport lines in Venice, Italy. With Venice renowned for its many canals and low bridges, the river radar model JMA-610 was required to undergo special modifications. The scanner unit…
COSCO Says Merger Key to Riding Out Unprecedented Downturn
The scale of the current shipping industry downturn is unprecedented and a merger is key to riding out the tough period, the chairman of new shipping giant, China Cosco Shipping Corporation (COSCOCS)…
Research Priorities Defined for the Arctic
The leading international Arctic research organisations have set common scientific objectives for the coming decade. The indigenous peoples of the Arctic were also involved in this process.
Asia Dry Bulk-Capesize Rates to Stay Flat
Freight rates for capesize bulk carriers on key Asian routes are likely to remain flat as vessel supply outpaces cargo demand, while higher bunker prices could support freight rates…
Search On for Missing Diver Near Big Island
The Coast Guard and Hawaii County Fire Department are searching for a missing diver off Puako Beach, Big Island, Wednesday. Missing is 69-year-old Diana Wolking.
Golden Ocean Plans to Raise $200 Mln in Restructuring
Billionaire investor John Fredriksen's dry bulk shipping firm Golden Ocean plans to raise $200 million in fresh equity as it continues to face weak markets for its vessels, the company said on Thursday. Fredriksen's investment vehicle Hemen Holding, which owns 43.1 percent of Golden Ocean, will invest an amount that is at least equal to its current stake, and other leading shareholders plan to do the same, Golden Ocean added.
Star Bulk Enters Chartering Pool
Star Bulk Carriers Corp. a global shipping company focusing on the transportation of dry bulk cargoes, announced that it has entered into a Capesize vessel pooling…
Santos Port Sets Productivity Record
Brasil Terminal Portuário (BTP), began the New Year with the establishment of two new productivity records. On February 10th while working the 6328 TEU capacity MSC Geneva…
Philly Shipyard to pay Dividend
On 17 February 2016, the Board of Directors of Philly Shipyard ASA (Oslo: PHLY) resolved to pay a dividend to the shareholders of PHLY as of expiry of 23 February 2016…
Vale: Q4 Iron Ore Output a Record
Brazilian miner Vale SA said on Thursday it produced 88.4 million tonnes of iron ore in the fourth quarter, a new record for the company. The world's largest producer…
Maritime India Summit Website launched
Nitin Gadkari, Minister of Shipping, Road Transport and Highways. Government of India, launched the Website for Maritime India Summit 2016 www.maritimeinvest.in…
Tug Sinks in Boston North Channel
It has been stated that no deep draft vessels should transit Boston’s North Channe, after a tug boat sunk in the vicinity of Boston’s North Channel Buoy #2 yesterday.
VP Biden Visits Port of New Orleans
Vice President Joe Biden toured the Port’s new Mississippi River Intermodal Terminal today before making remarks commemorating the 7th anniversary of the American Recovery and Reinvestment Act at the Port’s Riverfront Plaza. “I’m here today to talk about smart investments we made in shaping the future of the economy in Louisiana and around the country,” Vice President Biden told a crowd of more than 150 invited guests at the Port.
OOCL Implements Shipping Ban on Whale, Shark and Dolphin
Hong Kong-based shipping giant Orient Overseas Container Line (OOCL) said it would not accept cargo bookings for whale, shark, dolphin and their related products with immediate effect.
CMA CGM Hikes Asia-Europe Rate
CMA CGM will increase rates US$900 per TEU from all Asian ports to the Mediterranean including the Black Sea and North Africa - and EUR800 (US$892.93) per TEU to Syria from March 1.
Maersk Announces Rate Increase
The world’s largest container shipping company Maersk Line said that it will increase the rate from north Europe to west central Asia by US$100 per TEU, $150 per…
Statoil Cancels Maersk Rig Contract
Norwegian firm Statoil ASA is ending its rig contract for the Maersk Gallant six months early. The jack up rig has been on contract with Statoil for two years, since 21 August 2014…
CMA CGM - COSCO Mega Alliance to Shake-up the Industry?
Paris-based consultancy, Alphaliner, reports “a new mega alliance appears to be in the making,” as French container shipping major CMA CGM and its Chinese counterpart…
