Ports of Auckland Chief Executive Tony Gibson has announced a ‘solid’ half year result for the company, achieved despite a fall in volumes and revenue. The port produced an interim net profit of $31.6 million for the six months to December 31…
Singapore-listed Otto Marine has announced that its offshore shipyard has branched out to secure three new shipbuilding contracts worth $23m in total. New contracts came along with Group's efforts in diversifying and expanding product portfolio in a weak market…
Back in early 1999 the price of a 5 year old Panamax bulkcarrier dipped to $13.5m, and ever since analysts have hailed purchase decisions made at that time as some of the most lucrative shipping deals ever seen, says a report from Clarksons…
Offshore marine services provider PACC Offshore Services Holdings (POSH) has plunged into the red in 2015 due mainly to a huge impairment charge of $144.58m. The group reported yesterday a net loss of US$149.7 million (S$211 million) for the three months to Dec 31…
Qatar’s Gulf International Services (GIS), the leading service group, has announced that its subsidiary Gulf Drilling International (GDI) has signed a contract with Dolphin Energy for drilling rig services. The contract was signed by Mubarak A al-Hajri…
Authorities in Beijing plan to develop a network of ventilation 'corridors' to help tackle the city's notorious air pollution, China's state news agency Xinhua reported on Sunday.Construction in the zones, which will be created by connecting parks…
Off the coast of a nearly deserted island below the southern tip of Hong Kong, at least 10 massive ships that normally carry hundreds of thousands of tons of coal or iron ore lie idle near one of the world's busiest sea routes.These empty…
The captain of the doomed El Faro warned that the 'clock was ticking' as his cargo ship took on water in an Atlantic hurricane that would eventually sink the vessel, a U.S. Coast Guard panel heard on Saturday.Captain Michael Davidson pleaded for help as his ship…
The country's largest community of Mariners who had congregated for their Annual Meet yesterday under the banner of the Company of Master Mariners' of India (CMMI) extended their greatest honor to one of the founders, the 92-year old Capt Inderjit Singh…
The dry bulk shipping sector has been dashed upon the rocks of vessel oversupply and slowing economic growth. Not dry bulk shipping business is grappling with an unprecedented crisis of too many ships and not enough cargoes, says a report in WSJ…
According to Clarkson Research Services, the record pace of fleet growth over the last decade and weakening global demand outlook has left many of the major shipping segments facing severe oversupply. Demolition of older ships is one way…
A new name has joined the vessel tracking sector with a product that promises to set new standards in functionality and user-friendliness. BigOceanData is the new brand from Globavista, the professional vessel tracking and monitoring provider…
Japan-based Mitsui O.S.K. Lines (MOL) is to trial a new system of onboard data gathering and transmission from its operated vessels to the ClassNK-owned Ship Data Center, a new organisation which offers consolidated management of vessel operational data…
Diana Shipping has chartered the 73,630 dwt, 2004-built panamax, Protefs to Transgrain shipping for 12 – 16 months at a rate of $4,500 per day minus 5% commission. This employment is anticipated to generate approximately US$1.55 million…
Columbia's state environmental agency said that roughly 80 gallons of oil was spilled into the Columbia River by a vessel near Kalama. The Nord Auckland, a 618-foot ship flagged in Singapore, reportedly spilled the waste oil during an internal oil transfer on Thursday morning…