Taiwanese ocean shipping company Yang Ming Marine Transport Corporation said that its 3rd quarter net loss after tax for Q3 was USD 30 million, a reduction of 76.16% compared to last quarter, and USD 220 million for the nine-month period.However…
On November 10, Royal IHC successfully launched the Spartacus, a 44,180kW self-propelled cutter suction dredger (CSD) designed and built for DEME. The ceremony took place at IHC's shipyard in Krimpen aan den IJssel, The Netherlands. It was performed by Mrs Fabienne Ackermans…
Danish shipping company TORM has established a joint venture with scrubber manufacturer ME Production and Guangzhou Shipyard International (GSI).The joint venture, ME Production China, will manufacture and install scrubbers in China and deliver…
The hull of the 'Color Hybrid', European cruiseferry line Color Line's next flag ship that will be servicing Sandefjord-Strömstad, has arrived Ulstein Verft for completion.The ship is contracted by Color Line at Ulstein Verft and is scheduled for delivery Q2 2019…
Miami-based SunStone Ships has declared option number two at CMHI shipyard after signing a long-term charter contract with Victory Cruise Line for the vessel, with a total of three newbuilds now under construction at the Chinese yard.A press…
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), has announced that its cruise joint venture with China State Shipbuilding Corporation (CSSC) will launch this week under the name CSSC Carnival Cruise Shipping Limited. The new China-based…
The cruise shipbuilder Fincantieri has signed contracts with the Shanghai City’s District of Baoshan to set up a cruise hub.'At the presence of the Deputy Prime Minister of Italy and Minister of Economic development and Labor Luigi Di Maio…
Daewoo Shipbuilding & Marine Engineering says it signs $273 mln order.Daewoo Shipbuilding & Marine Engineering Co Ltd says has signed an order worth 306 billion won ($272.51 million) for three oil container ships from a European shipowner. Source: Eikon:Reporting by Joori Roh
The world's biggest oil traders are gearing up to cash in on big disruptions that could hit the shipping fuel market in just over a year due to new U.N.-mandated environmental rules.International Maritime Organization (IMO) regulations will cut the limit for sulphur in marine fuels globally from 3…
Matson, Inc. took delivery of the first of two new Aloha Class containerships built for Matson's Hawaii service at Philly Shipyard.Christened 'Daniel K. Inouye' in honor of Hawaii's late senior U.S. Senator, the vessel is the largest containership ever built in the United States…
Fincantieri and Virgin Voyages signed a $791m contract for the construction of a fourth cruise ship, which will be delivered at the end of 2023.The new vessel will be a sister-ship of the three ships on order with Fincantieri. Construction is…
Mining companies must forge new ties with partners from customers to governments as they pursue innovation and compete for talent with technology giants, Rio Tinto's chief executive said in a speech to be delivered on Tuesday.The mining industry…
Abu Dhabi Marine Services “Safeen”, the marine services subsidiary of Abu Dhabi Ports, announces the purchase of two new state-of-the-art tugboats from Damen Shipyards Group aimed at supporting the AED 10 billion] expansion of Khalifa Port, Abu Dhabi Ports’ flagship deep-water port…
IMTRA Corporation and its employees are saddened by the passing of former CEO and long-time member of the IMTRA family, Nat Bishop, after a 15-year battle with melanoma.Bishop joined IMTRA, the leading manufacturer, supplier and importer of quality marine products…
International accountant and shipping consultant Moore Stephens says total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to our latest survey.Responses to the firm’s latest…
