The Great Eastern Shipping Company Ltd. (G E Shipping) signed a contract to sell, a new building Kamsarmax Dry Bulk Carrier “Jag Aakash” (81,600 dwt). The vessel is being built at Tsuneishi Heavy Industries (Cebu) Inc., Philippines and will be delivered to the company in August/September 2015…
Maharashtra Chief Minister Devendra Fdnvis has said that the state's proposed port in terms of traffic in Palghar Dahanu district will compete with the port in Gujarat Mundda, reports PTI. 'There is natural draught of 20 metres to receive bigger ships…
Indonesian authorities have seized the tanker, MT Joaquim, believed to have been used by pirates to siphon 3,500 tonnes of crude oil on Saturday, according to a report in Bernama. The tanker was detained at about 4pm today (August 11), in the waters off Dumai…
China Government has struck back at the United States criticism that it restricts navigation and overflights in the South China Sea amid a festering marine territorial dispute with some of its neighbors, reports Reuters. China claims most of the South China Sea…
Indian Oil Corporation (IOC) has begun initial works for setting up the Rs 5,150-crore ($830 million) liquefied natural gas (LNG)terminal at Ennore, Chennai. LNG terminal would be ready by 2018, said the company Chairman B Ashok. The company…
Thailand-based construction firm Italian-Thai Development is planning to construct a liquefied natural gas (LNG) import terminal at Dawei industrial zone Myanmar, with an investment of $500m says a news story in the Reuters. A press release from Roland Berger…
An article in WSJ highlighted the Greek shipping industry, which it says has 'emerged largely unscathed' from the nation's recent financial troubles. The reports say that shipping companies in Greece are buying vessels from cash-strapped competitors and German banks…
Orient Overseas (International) (OOIL), the parent company of Orient Overseas Container Line (OOCL), said its profit had risen 32 percent year on year (y/y) to $238.6 million in the first six months of 2015, due cheaper fuel costs helped it tide over a slump in freight rates…
South Korea's leading shipping line Hanjin Shipping has returned to the black in the first half with a profit of KRW127.2bn ($109.87m), erasing the loss of KRW424.2bn in the year-ago period. Net profit came to 104.26 billion won (US$89…
The judges have extending the deadline to submit entries for the 2015 SHIPPINGInsight Award from Aug. 15 to Sept. 15 to give more time for companies to participate. The annual SHIPPINGInsight Award recognizes a ship operating company and…
Capt. John D. Reeves has joined Elliott Bay Design Group LLC (EBDG) as senior engineer and project manager. Reeves is a licensed professional engineer and mariner who spent 22 years leading high-performance teams and directing engineering…
Danish dry cargo and tanker shipping company Dampskibsselskabet Norden A/S informs it has combined a number of management functions in order to reduce its executive management team from five to three members. “With the changes we are consolidating…
Carnival Corporation names Michael Ungerer to new Chief Operations Officer Role for Asia, also appoints Felix Eichhorn as President of AIDA Cruises Carnival Corporation & plc announced that Michael Ungerer, currently President of Germany-based AIDA Cruises…
Mercury Marine announced the addition of Michelle Dauchy as Chief Marketing Officer. Dauchy has nearly two decades of global marketing experience with S.C. Johnson, managing brands and P&Ls in more than 15 business segments across 80 countries…
QinetiQ has appointed Jamie Pollard as CEO of its Distributed Acoustic Sensing (DAS) subsidiary, OptaSense.Pollard brings over 20 years’ of experience from oilfield services company Schlumberger, where he ran and grew large global businesses and joint ventures…
