Diana Shipping Inc, a global provider of shipping transportation services through its ownership of dry bulk vessels, has chartered out one of its panamax bulkers - Artemis (76,942 dwt, built 2006) - to China Shipping Bulk Carrier. The gross charter rate is US$7…
Jiangsu Hantong Ship Heavy Industry Co.,Ltd. (HT) has signed 4+2 115,000DWT Aframax Oil Tankers contract with Cardiff Marine. The Chinese shipbuilder said the tankers will be designed by Shanghai Merchant Ship Design & Research Institute (SDARI)…
Industry analyst Drewry believes that the proosed merger between Chinese state-owned companies, Cosco and China Shipping Container Lines (CSCL), could cause a domino effect on existing carrier alliances and further carrier mergers in Asia damaging to industry competition…
Drydocks World, a provider of maritime and offshore services to the shipping, oil, gas and energy sectors, informs it has serviced a record number of 40 vessels in its Dubai yard. With 40 vessels simultaneously in Drydocks World facilities—more than ever before in Drydocks World’s history—the 9…
MacGregor, part of Cargotec, has been contracted by Chinese shipbuilding group Yangfan to deliver comprehensive RoRo access equipment packages for a series of five post-Panamax 7,800 CEU pure car/truck carriers (PCTCs). The vessels are under construction for Italian operator Grimaldi Group…
Havyard Group ASA is taking further measures to adapt to the market situation and maintain the Group's profitability, thereby securing jobs for the futureAll business areas in Havyard Group have been affected to a varying degree by the general downturn in the market in the oil industry…
Nautilus announces that the contract for the vessel integrated control system (including dynamic positioning and navigation systems) to be used on the Company's Production Support Vessel (PSV), has been awarded to Kongsberg Maritime, located in Norway…
How do you get an aircraft in the far reaches of the Arctic Ocean to the goal, if the compass does not provide reliable location data? Engineers aboard the research icebreaker Polarstern of the Alfred Wegener Institute programmed a Multikopter so that he can navigate near the North Pole…
Maersk Line reported a first half-year 2015 (H1) result that is USD 220 million higher than H1 2014. This was achieved due to lower costs.Revenue in H1 was USD 12,517 million, which is 6.8% lower than H1 2014 (USD 13,365 million). Volumes were 1…
The depreciation of the Chinese currency will help both international and domestic shipping operators in the region that have been stuggling of late with growing costs and rising competition, says Maersk. Xinhua quoted Tim Smith, chairman…
Sinotrans Shipping slid back into the red for the first half of 2015, turning to a $18.3m loss from a small $2.3m profit in the previous corresponding period. The dry bulk and container shipping arm of Chinese state-owned Sinotrans & CSC Group continues to feel the pain of low rates…
Hamad Port welcomed its second commercial carrying the second shipment of cranes which includes four Ship to Shore (STS) Cranes and six Rubber Tyred Gantry (RTG) Cranes, says a report in the Gulf Times. This, along with other key developments…
A passenger ship, owned by Roble Shipping, carrying more than 500 passengers caught fire at Ormoc port in Leyte, Phillipines early Saturday (August 15). Philippine Coast Guard spokesperson Commander Armand Balilo said 3 crewmembers of the…
Migrants desperate to get off the Greek island of Kos fought each other on Saturday while nearby a passenger ship chartered to house and process refugees lay empty 24 hours after it had arrived.Outside the island's main police station…
The NATO Centre for Maritime Research and Experimentation played a crucial role in developing the maritime component of the ICARUS European project, including enhanced autonomy and integration between Unmanned Surface Vehicles and Unmanned Aerial Vehicles On 9-10 July 2015…