Shipping should not panic in wake of proposed U.K. non-dom tax changes, Moore Stephens saysShipowners likely to be affected by wide-ranging changes to the taxation of non-U.K.-domiciliaries introduced in the U.K. Summer Budget have been…
Nantong Mingde Heavy Industry (NMHI), a subsidiary of the financially troubled shipbuilder Jiangsu Sainty Marine Corporation, has missed the June 26 deadline to submit its restructuring plan to the Nantong People’s court. In other words…
The ports of the Estonian state-owned port operator Tallinna Sadam (Port of Tallinn) handled in June 1.68 million tonnes of cargo and serviced 1,045,461 passengers. Compared to the same period last year, the cargo volume dropped by 25% while the number of passengers was by 1…
T.S. Lines has placed an order with Taiwan's CSBC Corp for two containerships with capacities of 1,800 TEUs, with an option for an additional two similar units. The price the Taiwanese carrier paid for the new vessels, which are set for delivery in the second half of 2017…
Mersey Maritime has hosted a visit by Maritime London as part of an initiative to develop ways in which the two bodies can encourage maritime organizations to work more closely together.Maritime London Chairman Alderman the Lord Mountevans of Chelsea…
Thailand’s navy has approved a 36 billion baht ($1.1 billion) plan to buy three submarines from China, reports local media. Royal Thai navy officials selected China over competing bids from Russia, Sweden, France, Germany and South Korea. Leading…
Danish dredging company Rohde Nielsen has won the tender to complete dredging at the Port of Tauranga, New Zealand's largest port company. The capital dredging program to deepen the Port of Tauranga to take the next generation of containerships…
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, announced today the completion of the Captain Jimmie H. Hobaugh Coast Guard Community Center. The…
An 11 strong team from ShipServ, a leading maritime e-marketplace, has raised $6,616 for charity Heart Research UK by scaling three mountains in the Yorkshire Dales National Park in only 13 hours. CEO Paul Ostergaard and ten colleagues climbed a total of 1…
Indian Oil Corp (IOC) has awarded a contract to build two football stadium-sized liquefied natural gas (LNG) storage tanks at its upcoming Ennore LNG import terminal in Tamil Nadu to Mitsubishi Heavy Industries Pvt Ltd (MHI) of Japan. 'We have received an EPC (engineering…
GAIL India will offer foreign shipbuilders five years to make liquefied natural gas (LNG) carriers in India, double the time allowed to deliver ships from their home shipyards, reports Economic Times. Report says that the company is insisting…
Though international analysts like Morgan Stanley said that the Greek crisis will not have a direct impact on shipping companies, Greek shipping companies listed on U.S. stock exchanges sank on Monday. Greeks have said No to austerity terms imposed by international creditors…
Two Robert Gordon University (RGU) postgraduate students are reaping the benefits of international scholarship schemes which will boost their career prospects.Ghanaians Justice Ngoah (27) and Eugene Yeboah (29) have joined RGU for a years’ scholarship program…
FSL Trust Management Pte. Ltd., as trustee-manager of First Ship Lease Trust announced new time charter agreements for FSL Shanghai, FSL Hamburg and FSL Singapore.The Trust has reached an agreement with a leading global commodities trader…
The shipping industry is the most pessimistic in six years about its prospects as a fleet surplus persists, according to a survey by law firm Norton Rose Fulbright, says a report in Reuters. The growing vessel glut is battering sentiment…