The overall Greek loans of Hellenic maritime companies and ship owners (drawn and committed but undrawn) rose to $64.019 billion by the end of 2014, 4.1% higher than the $61.498 billion of 2013.Petrofin Research in its latest annual research says that drawn loans are up by 2…
Seagull Maritime AS has launched the Container Industry Competence Standard (CICS), an assessment and training system covering container vessel operations. The program aims to bring new consistency to competency on-board containerships, following…
Coal mining giant Glencore has now applied to have the competition watchdog oversee pricing in the newly privatised Port of Newcastle, reports The Sydney Morning Herald. The NSW port is hiking some shipping charges up to 60 percent after its $1…
German container line Hapag-Lloyd has defied the challenging market environment in the containership market and returned to profit in the first quarter of 2015 euros as a stronger dollar and lower bunker prices helped to offset weaker freight rates…
Nippon Yusen Kabushiki Kaisha (NYK Line) has concluded time-charters for two new LNG carriers with Diamond Gas International, a Singapore affiliate of Mitsubishi Corporation. NYK also concluded a contract with MI LNG Company Limited for the construction of the LNG carriers…
China COSCO Holdings disassembled four vessels including two container vessels and two bulk carriers in April 2015, with the aggregate capacity of 261.8 thousand deadweight tons. The company realized losses from the disassembly of the vessels of approximately RMB59 million (USD9 million)…
South Korea's leading shipping line Hanjin Shipping Co has swung to the black in the first quarter from a year earlier thanks to lower fuel costs and better streamlined shipping routes. Net profit came to 22.91 billion won (US$21 million) in the January-March period…
Maersk Line lost market share in container shipping in the first quarter, disappointing analysts who said A.P. Moller-Maersk's forecast-beating results on Wednesday had been helped by one-offs. While the world's largest container shipping…
Mitsui O.S.K. Lines, Ltd. received a letter of appreciation from the Paraguayan Embassy, thanking the company for providing ocean transport of used wheelchairs from Japan to Paraguay, where they were delivered to needy children. This is the…
Effective from 27 May 2015, German Authorities will implement the reporting requirements for vessels according to EC-directive 2010/65/EU (national single window reporting formalities).This directive is designed to achieve harmonization…
Richmond, British Columbia, 11 May 2015 — The Transportation Safety Board of Canada (TSB) is deploying a team of investigators to Port Metro Vancouver, in British Columbia, where the container vessel MOL Precision struck the berth. The TSB will gather information and assess the occurrence…
CMA CGM Group will work with Cuban company Almacenes Universales SA to run a logistics complex serving the Port of Mariel, giving a boost to the island’s effort to make itself a transshipment hub. CMA CGM, the world’s No. 3 container ship operator by capacity…
The Athens, Greece-based DryShips Inc. (DRYS) has reported a loss of $59.2 million in its first quarter. DryShips is an owner of dry bulk carriers and tankers that operate worldwide. The company said it had a loss of 9 cents on a per-share basis…
A Singapore-based breakbulk, project cargo and heavy lift carrier AAL (formerly Austral Asia Line) and German multipurpose shipping operator Peter Döhle have announced the launch of a new global cooperation. From June onwards, the pair will offer joint tramp and project services…
Havila Shipping ASA has seen Maersk Oil & Gas (MOG) extend an option for a vessel, allowing the company to avoid the weak North Sea spot market for 12 more months. Maersk Oil and Gas Company declared the first of three one year options for the Platform Supply Vessel (PSV) Havila Fortune…
