Hyundai Merchant Marine Co. (HMM), is resurrecting an asset-sale plan in an effort to stave off bankruptcy as it reels from a crisis in the shipping industry brought on by slowing global trade, says WSJ. The Seoul-based company plans to…
River cruise ship Emerald Belle, due to be launched in April, has been seriously damaged in a shipyard fire in the Netherlands. The Emerald Waterways ship was under construction at the Den Breejen Shipyard in the Netherlands. 'Despite the efforts of firefighters…
AIDA Prima, a new ship for Carnival Corp.'s AIDA Cruises brand, was damaged by a fire early Sunday at Mitsubishi Heavy Industries Ltd.’s shipyard in Nagasaki, the Japan Times reports. The fire reportedly was quickly extinguished by workers…
MSC Cruises, the 4th largest cruise line, confirmed the existing STX France options to build an additional two ships in the Meraviglia class. The ships, valued by MSC at $1.7 billion, will be longer and bigger versions of the Meraviglia-class ship…
Shin Yang Shipping Corp Bhd (Syscorp) has shifted the focus of its container shipping business to domestic routes in the face of continued volatility in the international container shipping market, reports the Star. The leading Malaysian…
Environmental groups want the eight countries that ring the North Pole to take a stand on banning the use of heavy fuel oil (HFO), considered one of the greatest threats to the Arctic ecosystem, reports Canadian Press. The use of heavy…
General Darren McDew, commander of the U.S. Transportation Command, visited State University of New York Maritime College February 1. During the visit McDew toured the campus and Maritime College’s Training Ship Empire State VI, where he…
A Brazilian judge sentenced the former head of state-run oil company Petrobras' international division to 12 years and two months in jail for corruption and money laundering on Monday, part of the country's largest-ever graft investigation. Federal…
The Institute of Marine Engineering Science & Technology (IMarEST) has launched a campaign aimed at supporting seafarers in developing skills and demonstrating competencies. The campaign raises awareness of options available to seafarers…
Fitch Ratings today announced the appointment of Ian Dixon as Managing Director and Analytical Head of the EMEA Infrastructure & Project Finance Group. Dixon will join Fitch Ratings on February 10, based in London. In this role, Dixon will oversee ratings coverage of the energy…
There are questions whether the low oil price is benefiting South Africa. ICE Brent spot price is trading around $30, the lowest level in 12 years, seen in the context of market surplus. The December meeting in which OPEC failed to set a total…
Transnet Capital Projects (TCP) – which is overseeing Transnet National Ports Authority’s project to reconstruct the quay walls and deepen berths at Maydon Wharf – recently achieved a safety milestone of 1,000,000 man hours without a lost time…
The Chinese Ministry of Transport has announced that from April 1, 2016, vessels ‘at berth’ at the core ports in the Yangtze River Delta (YRD) emission control area (ECA) must use fuel oil containing 0.5 percent sulphur or less. These core ports are Shanghai…
Marine geophysical company Polarcus announced it will implement further measures to cut costs, including additional headcount reductions and changes to the executive management team. The expanded cost reductions are part of a longer term…
For the first time after the end of the trade sanctions, Iran will be represented by a national pavilion at international maritime trade fair SMM Hamburg. “An industry fair is a great platform for building new relationships and getting to know each other…