South Korean shipbuilders' new orders in November fell to the lowest level in six years amid woes over their growing losses, Yonhap reports. Meanwhile, Chinese rivals scooped up a large slice of contracts, according to the data compiled by global researcher Clarkson Research Services…
The Economou family's TMS Cardiff Gas Ltd. has exercised options on its contracts with Hyundai Heavy Industries of Korea for the construction of an additional two 78,700 cbm LPG carriers. Both vessels are scheduled for delivery in Q4 2017…
CMA CGM has secured the necessary financial backing to proceed with an acquisition of Singapore's Neptune Orient Lines (NOL), Reuters reports, citing two people said to be familiar with the matter. The French shipping giant is reported to have received “firm commitment” from lenders HSBC…
The U.S. House of Representatives passed a wide-ranging bill on energy reforms on Thursday that includes a measure to repeal the 40-year-old oil export ban, but the legislation did not get enough votes to overturn a potential veto by President Barack Obama…
EXPERTS from navies, academia and industry are meeting in Tokyo to examine the unique challenges of operating in the littoral or coastal environment. The Littoral OPTECH East workshop is being held in Tokyo, Japan this week with the academic…
The global shipping industry consolidation appears to be picking up, with much of the activity centering on Asia, reports Nikkei. The overcapacity and weaker global trade have fueled talk of a shakeout in the industry. CMA CGM is in “exclusive”…
BIMCO has always been a powerful enemy against the corruption that lurks in the maritime world. Indeed, the world’s largest international shipping organisation might be considered one of the few effective sources a ship operator can turn to…
Maersk Line has announced a new direct service with short transit time from West Coast South America to Japan for dry and reefer cargo. In our continuous efforts to provide our customers with a competitive and fast connection from West Coast South America to Japan…
Four years after launching a dedicated service into Papua New Guinea, Maersk Line is one of the key carriers in this fast growing Pacific country, claims Social Media Community of Maersk Line. Papua New Guinea occupies the eastern half…
A consortium composed of Teekay LNG Partners L.P., Samsung C&T (Samsung) and Gulf Investment Corporation (GIC) executed today with the Government of the Kingdom of Bahrain the project agreements for the development of an LNG receiving and regasification terminal in Bahrain…
The gloomy outlook for the dry bulk shipping market continues to afflict shipowners and the market is not expected to return to profitability before 2017, according to the Dry Bulk Forecaster report published by global shipping consultancy Drewry…
The four-year SEAFRONT project, launched in 2014, has trialled new processes and methods designed to increase scientific understanding of exactly how biofouling occurs and how this problem can best be addressed. This initial work will…
Tenneco, a leading global supplier of Clean Air after-treatment technologies, has been awarded two approved in principle (AIP) certificates for its high horsepower selective catalytic reduction (SCR) system from DNV GL, one of the world’s…
Dun & Bradstreet Chairman of the Board, Christopher Coughlin, will be honored later this evening by the National Association of Corporate Directors (NACD) as Director of the Year.'Dun & Bradstreet is extremely proud to have Chris as our Chairman of the Board…
The IMO has just closed its Assembly meeting in London, which is held every second year. A number of important items were on the agenda, including the IMO work programme and budget for the 2016-17 biennium as well as the Organization's work…