Vessels News


US West Coast Not Ready for Mega Boxships

Dec 23, 2015

CMA CGM is testing the ability of the U.S. West Coast ports to handle the biggest containerships – are they ready? U.S. West Coast ports are not yet in a position to handle 18,000 teu containerships regularly and have much work to do in…

APM Terminals Gothenburg Welcomes World’s Largest Container Ship

Dec 23, 2015

The MSC Maya, the fourth of 20 Oscar-Class Ultra-Large Container Ships (ULCS), arrived at APM Terminals Gothenburg on December 21 from the Port of Bremerhaven as part of the regular port rotation of the Maersk Line/Mediterranean Shipping Company…

Sinotrans Pacts for Five Yamal LNG Tankers

Dec 23, 2015

Chinese shipping major Sinotrans has signed with Greek shipowner Dynagas and China LNG Shipping (CLNG) for the joint purchase of five Arctic-class LNG carriers from South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME). The agreement…

European List of Certified Ship Recycling Facilities

Dec 23, 2015

The European Commission has opened the application procedure for the European List of ship recycling facilities last Friday, 18 December. Facilities located outside EU Member States are now invited to submit their applications before 1 July 2016…

STS Young Endeavour Completes Circumnavigation

Dec 22, 2015

The Royal Australian Navy operated Sail Training Ship (STS) Young Endeavour sailed into Fremantle today, completing a year-long circumnavigation of the world. Assistant Minister for Defence Darren Chester was in Western Australia to welcome…

Drewry: Breakbulk Market Weak Until 2017

Dec 21, 2015

Global shipping consultancy Drewry Maritime Research said the breakbulk shipping market is expected to remain weak until 2017, citing low freight rates and high competition.   Although demand growth is expected to recover next year after a very poor 2015…

Freight: Very Close to the End of the Road

Dec 21, 2015

In 1812, Russia beat back the advance of Napoleon’s army. On 18 December 2015 there is a similar tone of seasonal retreat, with most hopes pinned on the New Year. Shame there’s no-one around to write a symphony about it. At this stage the…

Ocean Yield and Höegh Autoliners Charter Pact

Dec 21, 2015

Ocean Yield ASA has agreed to certain amendments to the charter agreements with Höegh Autoliners (Höegh) for four PCTC vessels on long term charter.  Ocean Yield currently has two newbuilding PCTC vessels of 8,500 CEU capacity under construction at Xiamen Shipbuilding Industry Co…

GTT Grants License to India's CSL

Dec 21, 2015

GTT grants a License Agreement to Cochin Shipyard Ltd. for the construction of LNG carriers  GTT (Gaztransport & Technigaz) announced it has granted a License Agreement to Cochin Shipyard Ltd. (CSL) for the construction of LNG carriers using GTT's membrane containment systems…

Three Dead, Dozens Missing After Indonesian Ferry Sinks

Dec 21, 2015

Indonesian rescue teams continue their search todau (Monday) for 78 people still missing at sea, after their ferry ran into bad conditions, took on water and sank near Sulawesi island on Saturday night, officials said. Rescuers have pulled…

Dynagas LNG Partners Acquires LNG Carrier

Dec 21, 2015

Dynagas LNG Partners LP has entered into an agreement with Dynagas Holding Ltd to purchase 100% of the ownership interests in the entity that owns and operates the Lena River, a 2013 built 155,000 cubic meter ice class liquefied natural gas carrier…

CMES Orders Six VLCCs at Dalian Shipbuilding

Dec 21, 2015

China Merchants Energy Shipping Co Ltd (CMES)  has firmed up orders to build six very large crude carriers (VLCCs) at Dalian Dalian Shipbuilding Industry Corp for $522 million, reports Reuters. The deliveries of 308,000dwt VLCCs are scheduled between August 2018 and October 2019…

Dozens Rescued at Sea after Abandoning Indonesian Ferry

Dec 20, 2015

Dozens of people with life jackets were found floating in Indonesia's Gulf of Bone on Sunday, some clinging to a fish trap, after abandoning their ferry in rough seas off Sulawesi Island, said officials, adding that two passengers had died…

Panama Sues Italy for Vessel Arrest, Detention

Dec 19, 2015

Panama today filed an application with the International Tribunal for the Law of the Sea in a dispute with Italy regarding the arrest and detention of the MV Norstar, a Panamanian-flagged vessel. According to the application, from 1994…

Not Younger Than 18 Yrs, Unless…

Dec 19, 2015

International dry bulk shipowners seem only to scrap ships aged 18 years or older. While a couple of Chinese owners have scrapped ships that were even younger than that. 19 ships out of 28 ships built in 1998 to 1999 and demolished between…

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