UN: 22 Ethiopian Migrants Missing off Yemen
Twenty-two Ethiopian migrants are missing after being dumped in the sea off Yemen, the U.N. International Organization for Migration (IOM) said on Friday. IOM spokesman…
Four High Speed Ferries Ordered at Aulong
Aulong Shipbuilding, a joint venture company between Australian shipbuilder Austal and Guandong Jianglong Shipbuilding of China, has secured contracts for four new high speed ferries. Under the recently awarded A$20 million (US$15.6 million) contracts, Aulong will design and build four 42-meter high speed catamarans for Xidao Dazhou Tourism Co Ltd. Construction will commence from Aulong’s Zhongshan shipyard in Guandong Province in March 2018, with delivery scheduled for early 2019.
LNG Rebounds as Asian Buyers Replenish Inventory
Interest for prompt spot cargoes still keen; demand could roll over to April. Asian spot liquefied natural gas (LNG) prices rebounded this week as persistently cold…
Maersk Profit Miss, Outlook Puts Shipping in Spotlight
Maersk management hints at hitting top of 2018 EBITDA range. A.P. Moller-Maersk's move to focus on transport and jettison oil was tested on Friday as the world's…
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