Newport Exhibition Group, owners and producers of the Newport International Boat Show, announced today they are accepting applications for the 2015 Newport For New Products (NFNP) Awards. Judged by a team of marine-industry experts, NFNP winners for best new powerboat and sailboat…
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…
Ulstein Group said it achieved a “good result” for 2014, with an operating turnover of NOK 2.7 billion compared to 2013’s NOK 2.3 billion. Meanwhile, the group’s operating profit of NOK 184.1 million comes in under the NOK 317.8 million operating profit for 2013…
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…
Financially troubled Chinese shipbuilder Sainty Marine has announced Bank of China and China Exim Bank have frozen its bank accounts. Shenzhen-listed Sainty Marine has also announced that it has reached an agreement with Dutch ship investment firm…
Offshore shipbuilder Vard Holdings reported a net loss of $40mln in the first quarter, on back of unrealized foreign exchange losses from a 15-year USD-denominated yard construction loan in Brazil. Net foreign exchange losses in the quarter amounted to $37mln…
Norwegian company Siem Offshore has sold the platform supply vessel (PSV) “Siem Sasha”. It has delayed delivery of four of the nine platform support vessel (PSV) newbuildings it has under construction in Poland. The Oslo-listed company…
Secretary of the Navy Ray Mabus, Chief of Naval Operations (CNO) Adm. Johnathan Greenert, along with prior CNO's, service members and civilians gathered at the Navy Museum at the Washington Navy Yard to celebrate the 100-year anniversary…
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…
Mitsui & Co. has signed a 25-year time charter deal with Trinity LNG Transport for the eight liquefied natural gas (LNG) carrier that will ship the liquefied natural gas from Cameron LNG project in the United States. “Mitsui has newly contracted yesterday the eighth ship…
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…
The shipping industry, despite those who might suggest otherwise, has a very respectable record of environmental improvement stretching back very many years. It responds to societal demands to clear up pollution, to eliminate harmful emissions and operate in a more sustainable manner…
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…
