The buy-out of the Greece's Piraeus Port by Chinese shipping giant COSCO is closer to completion, as shareholders approved a new concession agreement, reports Reuters. Greece had already agreed in April to sell a 67 percent stake in Piraeus to COSCO for $415…
STX Offshore & Shipbuilding may be put under a court-led restructuring scheme, paving the way for the shipyard to avert liquidation, says a report in Korea Times quoting local court. Last month, STX Shipbuilding, once Korea's No. 4 shipbuilder…
After 5 May 2016, companies responsible for shipping commercial goods or services to Saleef, Mokha and Hodeidah ports in Yemen must obtain port clearance via the UN Verification and Inspection Mechanism (UNVIM). Yemen’s Ministry of Transport has announced that…
Japanese shipping giant Nippon Yusen Kabushiki Kaisha (NYK) has agreed to invest in EMAS Chiyoda, a subsea services joint venture between oilfield services firm Ezra Holdings Ltd and Chiyoda Corp. NYK has reached an agreement with Ezra…
Prosecutors on Sunday sought the arrest warrant of the ex-chairman of Hanjin Shipping, who has been hit with insider trading charges, says Yonhap. Choi Eun-young is specifically charged with violating the Financial Investment Services and Capital Markets Act…
The weeks-long traffic jam of cargo ships at the Myanmar’sbiggest port threatens to scare potential investors away and choke off nascent economic growth, says a report in Reuters. The bottleneck at the dilapidated port was caused by a spike…
The joint military drill by Japan, the US and India being held near the waters of the East China Sea will create more frictions in the disputed area, warns China. The first phase of the drill kicked off on Friday in Japan’s southwestern city of Sasebo…
Pre-Commissioning Unit Gerald R. Ford (CVN 78) completed its turn ship evolution June 11. This is a major milestone that brings the country's newest nuclear powered aircraft carrier another step closer to delivery and commissioning later this year…
The U.S. Coast Guard captain of the port, Sault Ste. Marie, Michigan, gave the motor vessel Roger Blough permission Saturday to transit down the St. Marys River to anchorage in Potagannissing Bay in the vicinity of DeTour Village, Michigan.The…
A Coast Guard Air Station Kodiak MH-60 Jayhawk helicopter crew medevaced an ailing mariner off the Matson cargo vessel Maunawili approximately 230 miles south of Cold Bay, Alaska, Thursday. The Jayhawk crew hoisted the 20-year-old man and…
The container vessel COSCO Shipping Panama set sail from the Greek Port of Piraeus today on its way to Panama to make history. The Neopanamax vessel will make the inaugural transit of the Expanded Panama Canal on Sunday, June 26, after a 14-day journey…
US submarine tender USS Frank Cable (AS 40) arrived in Puerto Princesa City in Palawan on Saturday, June 11, for a 'scheduled port visit,' according to the US embassy in Manila. The visit will allow the ship’s sailors and military sealift command mariners to enjoy some rest and relaxation…
Diana Shipping Inc. through a separate wholly-owned subsidiary, has entered into a time charter contract with Transgrain Shipping B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Thetis. The gross charter rate is US$5…
Two people, including a sailor, were killed and two others injured after inhaling toxic fumes on board India's aircraft carrier INS Vikramaditya at Karwar Naval base in Karnataka. The condition of two others injured was stable and constantly being monitored in the Naval Hospital…
Shipyards in Turkey and Portugal have struck deals for major ship repair projects during Posidonia Exhibition at the Athens Metropolitan Expo in Greece. Portugal’s Lisnave and Turkey’s Gemak, have also inked repair deals with fleet owners…
