Adani Group has offered 49% stake in its Rs. 5,000-crore ($750 million) Dhamra liquefied natural gas (LNG) project in Odisha to the state-owned oil and gas companies GAIL India and Indian Oil Corporation (IOC), according to a PTI report. The…
A bankruptcy of Hyundai Merchant Marine (HMM) would become the biggest ever in the shipping sector, and the creditors seem on the way to taking over control with the shipping group. Without further government support, bankruptcy is growing…
The Cyprus government managed to push through parliament legislation finalizing the privatization of commercial operations at the island's primary Limassol port despite lacking a majority in parliament, reports Famagusta Gazette. 27 deputies…
Seaspan Corporation (NYSE:SSW) announced today that it accepted delivery of a 10000 TEU containership, the MOL Benefactor. The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd., is Seaspan's ninth 10000 TEU SAVER design containership and first delivery in 2016…
The Egyptian Natural Gas Holding Company (EGAS) has reportedly failed to secure two cargoes for delivery in April, says a report in Reuters. The tender launched during last week was open to EGAS’ existing suppliers, however, delivery windows…
The Massachusetts Port Authority (Massport) Board today voted to approve to execute a Project Partnering Agreement with the U.S. Army Corps of Engineers (ACOE) and MassDOT to start the Boston Harbor Dredging Project. A signed agreement allows…
As part of its plans to ramp up debt restructuring and struggle to stay afloat amid the tides of trouble, the Korean shipping line Hanjin Shipping is looking at selling assets, reports The Korea Herald. Hanjin is looking at offloading…
Overall confidence levels in the shipping industry fell to a record low in the three months to February 2016, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. The average…
In a new white paper, Consolidation in the liner industry, Drewry consider the merits, and pitfalls, of M&A activity within container shipping, but cautioned that strategy needs to be carefully through through. Container shipping remains remarkably fragmented…
Singapore-based bulker player Pioneer Marine has terminated five handysize newbuild contracts at Yangzhou Guoyu Shipyard. The leading shipowner and global drybulk handysize transportation service provider announced the following developments…
Esben Poulsson, President of the Singapore Shipping Association and Vice Chairman of the International Chamber of Shipping, spoke at the CMA Shipping conference on the topic of ‘Defining the Successful Shipping Enterprise of the Future - What…
Genoil Inc. (GNOLF), the publicly traded clean technology engineering company for the petroleum industries, today announced the appointment of BLUE Communications Ltd, a leading communications and business consultancy specializing in the marine…
The shipping industry saw its safest year in a decade in 2015, according to a new report from Allianz Global Corporate & Specialty (AGCS), though 85 total losses reported worldwide last year, down from 88 in 2014 and well below the 10-year average of 123…
The recent shifts in demand trends contributed to slower seaborne trade growth in 2014 (3.2%) and 2015 (2.0%). Clarkson Research Services Limited checks how has this reflected changes in demand for bulk shipments into major importing countries…
With 12 weeks of 2016 behind us, the dry bulk market is still looking bleak. As the current low demand for transportation of commodities continues, the market is doing what it can by scrapping old ships and restraining from ordering new ones…
