Maersk Analysts Strike Cautious Tone
Analysts believe results and outlook in the final quarter report of Maersk (Feb. 9) might be weighed down by consolidation effects from the Hamburg Sud deal and the market situation in China.
Texas Flood: U.S. Oil Pours into Global Markets
United States taking share from OPEC nations in Asia, Europe, as China’s biggest U.S. crude buyer to double imports. In the two years since Washington lifted a 40-year ban on oil exports…
Fire-stricken Fishing Vessel Grounds in the Samoan Islands
![An 88-foot Taiwanese-flagged fishing vessel as run aground in the Samoan Islands after a fire on board reportedly left the vessel adrift in the Pacific for more than three months (U.S. Coast Guard photo)](https://images.marinelink.com/images/maritime/w100h1500/n-88foot-taiwaneseflagged-fishing-vessel-82291.jpg)
A fire-stricken commercial fishing vessel that had been adrift in the Pacific for more than three months has run aground in the Samoan Islands on Monday. The 88-foot Taiwanese-flagged Chu Zai Fa No. 1 reportedly caught fire in international waters on November 4, 2017 and remained adrift until this week, when it grounded in Leone Bay about 300-yards off the western part of Tutuila, the main island of American Samoa. The fire forced the Chu Zai Fa No.
Hoegh LNG Signs FSRU Deal with Gas Natural Fenosa
Norway's Höegh LNG said on Wednesday that its floating storage and regasification unit (FSRU) Höegh Giant has started its time charter contract with Spanish LNG operator Gas Natural Fenosa.
WFW Advises NYK on LNG Carrier Charter
Watson Farley Williams (WFW) advised NYK Nippon Yusen Kabushiki Kaisha (NYK) on the execution on 26 January 2018 of its long-term charter contract with EDF LNG Shipping…
Ardmore Shipping Reports Net Loss of $12.5 Mln
Tanker owner Ardmore Shipping Corporation reported a net loss of $12.5 million for the twelve months ended December 31, 2017, or $0.37 basic and diluted loss per share…
India's Major Ports See 4.58% Cargo Traffic Growth
Major ports in India have recorded a cargo traffic growth of 4.58 percent and together handled 560.97 million tonnes (MT) of merchandise during the period April 2017 to January 2018…
Pacific International Lines Start Service in Far East - Red Sea Routes
Pacific International Lines (PIL), Singapore’s leading containership operator, announces two upgraded weekly services on the Far East – Red Sea service route. Done…
CMA CGM Introduces REEFLEX for Transportation of Liquids
CMA CGM has launched the most advanced solution for the transportation of liquids by controlled temperature: REEFLEX - an ideal alternative to break bulk for the…
Indian Cabinet Clears Changes in Major Port Authorities Bill 2016
Indian's Union Cabinet has approved the incorporation of the official amendments to the Major Port Authorities Bill 2016, which is pending in the Parliament. The…
EFIP Looks for a New Director
The European Federation of Inland Ports (EFIP) has announced the beginning of submission of applications for a new director post. The organization said the new EFIP…
DNV GL Advised Partners Group on Offshore Wind Project
DNV GL, the world’s largest resource of independent energy experts and certification body, has successfully completed a comprehensive due diligence project on the…
Rare Suezmax Gasoline Cargo Sails to West Africa
Nigeria's push to keep its citizens stocked with fuel is drawing close to a million tonnes a month of gasoline from Europe - including now on a rare Suezmax vessel booked by Vitol.
Cosco Shipping Executive Murdered in Pakistan
![File photo: COSCO](https://images.marinelink.com/images/maritime/w100h1500/file-photo-cosco-82277.jpg)
A Chinese shipping company executive was murdered in Karachi, Pakistani on Monday in what police say appears to be targeted attack. The man, identified as Chen Zhu, the Pakistan general manager of Cosco Shipping Lines Co, shot dead while in his car in the port city of Karachi, Reuters reported. Chen suffered a single bullet wound in the head, according to police who said at least 10 shots were fired at the car.
New Vessels to Help Philippines Fight Illegal Fishing
![(Photo: Incat Crowther)](https://images.marinelink.com/images/maritime/w100h1500/photo-incat-crowther-82275.jpg)
Two new 50-meter multi-mission offshore vessels (MMOV) will soon help the Philippine Bureau of Fisheries and Aquatic Resources (BFAR) fight illegal fishing in Philippine waters. The sister ships – DA BFAR MMOV 5001, named BRP Lapu-Lapu, and DA BFAR MMOV 5002, named BRP Francisco Dagohoy – were built by Manilla-based Josefa Slipways, and have recently completed speed and endurance trials ahead of their upcoming delivery.
California to Ban Crude from Trump Offshore Drilling Plan
![© Don Bright / Adobe Stock](https://images.marinelink.com/images/maritime/w100h1500/don-bright-adobe-stock-82272.jpeg)
California will block the transport of petroleum from new offshore oil rigs through its state, officials told Reuters, a move meant to hobble the Trump administration’s effort to vastly expand drilling in U.S. federal waters. California's threat to deny pipeline permits for transporting oil from new leases off the Pacific Coast is the latest step by states trying to halt the biggest proposed expansion in decades of federal oil and gas leasing.
Volvo Penta Names Kelleher VP Customer Support, Training
![Tony Kelleher (Photo: Volvo Penta)](https://images.marinelink.com/images/maritime/w100h1500/tony-kelleher-photo-volvo-penta-82271.jpg)
Volvo Penta of the Americas announced the appointment of Tony Kelleher as vice president for customer support and training. Kelleher will be responsible to support both marine and industrial segments within the U.S., Canada, Mexico, Central America and the Caribbean. Kelleher was previously director of the marine leisure segment with responsibility for OEM and dealer sales and partnership development for North America.
US Icebreaker Suffers Flooding, Engine Failure in Antarctic
![Coast Guard Cutter Polar Star breaks ice in McMurdo Sound near Antarctica (U.S. Coast Guard photo by Nick Ameen)](https://images.marinelink.com/images/maritime/w100h1500/coast-guard-cutter-polar-star-82267.jpg)
America’s aging, sole remaining heavy icebreaker suffered several engineering challenges, including flooding and engine failure, on its way to completing a recent mission in the Antarctic, highlighting the U.S.’ need for new polar icebreakers. The 1970s-era U.S. Coast Guard Cutter Polar Star is called upon each year to aid the delivery of fuel and supplies for National Science Foundation research stations in Antarctica…
Panama Canal Expects LNG Tanker Traffic to Rise 50%
![(File photo: Panama Canal Authority)](https://images.marinelink.com/images/maritime/w100h1500/file-photo-panama-canal-authority-82262.jpg)
The number of liquefied natural gas (LNG) tankers traversing the Panama Canal is expected to jump 50 percent by September due to rising exports of the fuel from the United States, the head of the canal's governing agency told Reuters. After adding a third set of locks in 2016, the Panama Canal Authority expects that growing global demand for LNG will boost transit through the waterway, said Jorge Quijano, head of the authority.
Baltic Index Inches Up On Increased Capesize Activity
![© Fotosenmeer /Adobe Stock](https://images.marinelink.com/images/maritime/w100h1500/fotosenmeer-adobe-stock-82259.png)
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, crept higher on Wednesday on firmer capesize rates. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, inched up 2 points, or 0.18 percent, to end at 1,097 points. "Following seasonal weakness in the dry bulk sector resulting from the Chinese New Year…