On November 30, NYK welcomed about 60 environmental supervisors from 46 NYK Group companies to the group’s annual Environmental Management Conference in Tokyo. NYK holds this conference once a year with NYK Group companies to share information…
More than half of the public companies in the offshore supply-vessel industry face a high probability of restructuring or bankruptcy, Bloomberg reported quoting a research released from the consulting firm AlixPartners. Even before crude…
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with SwissMarine Services S.A., Geneva…
The container ship Maersk Saigon left the fairway and grounded near near buoy 2A at Santos port channel during departure from the terminal. Maersk Saigon was grounded during her departure manoeuvre at the BTP Terminal in Santos, Brazil…
Copenhagen-headquartered gas tanker carrier Evergas has just ordered four ethylene/ethane newbuildings, with an option for two more. The contract for the four newbuildings, each sized 32,000 cu m, has also been signed by Hong Kong engineering company JHW Engineering & Contracting…
Star Bulk Carriers, a global shipping company providing transportation solutions in the dry bulk sector, has reached agreements to sell four modern vessels, two capesize and two kamsarmax vessels. The vessels were sold for an aggregate…
The future USS Zumwalt (DDG 1000) has departed departed Bath Iron Works to set sail for the first time, conducting at-sea tests and trials in the Atlantic Ocean, Dec. 7.A video of the ship underway is available here.The Navy said the…
Egypt headquartered Maridive Group, an international offshore marine and oil support services provider, has chosen to migrate 24 of its Offshore Support Vessels to Marlink’s VSAT (Very Small Aperture Terminal) WaveCall Plus services in addition to one new build vessel…
Singapore sovereign wealth fund Temasek Holdings has agreed to sell its entire 67 percent stake in Neptune Orient Lines (NOL) to France’s CMA CGM, the world’s third-largest container shipper. CMA CGM will pay S$1.30 a share in cash for the 2…
The board members of China Merchants Energy Shipping (CMES) has approved of a plan to order an additional 10 eco-friendly VLCCs. These vessels will be operated by CMES’ Hong Kong-based subsidiary, China VLCC Company Limited, a tanker JV between CMES and Sinotrans & CSC Group…
Hapag-Lloyd informs about the current delay of its Mediterranean Pacific Service (MPS) – “Duesseldorf Express” due to technical Problems. 'We regret to inform you that the “Duesseldorf Express” experienced technical problems on her current westbound voyage…
Drop in commodity prices has slashed global demand for bulk carriers, pushing shipyards out of business, says Chinese news agency Caixin. Huai Jinpeng, a vice minister from the Ministry of Industry and Information Technology, which oversees…
The Assembly of the International Maritime Organization (IMO) has called on its Member States to accept a 2012 international fishing vessel safety agreement, in order to bring it into force and address the heavy casualty rate in the sector…
Iran has finalised a deal with South Korea to launch a joint shipbuilding venture between the two countries, IRNA reported. The venture will be established between Iran Shipbuilding and Offshore Industries Complex Company (ISOICO) and Hyundai…
Acquiring ships from financially troubled shipping companies will remain one of the mainstay jobs handled by South Korean finance house Korea Asset Management Corporation (KAMCO) next year, reports Korea Times. The company has bought 33…
