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Shipping and maritime news
Welcome to our new news section. Here you will find out what's going on in the business. News is updated as it's released from thousands of media sources.
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News Headlines
Panama Canal expansion exposes U.S. infrastructure, shipper woes11 months 25 days ago
Added: May 06, 2016 07:18
The $5.2 billion expansion of the Panama Canal was expected to make U.S. East Coast ports more competitive for cargo ships carrying televisions, tennis shoes and other products from Asia. Read more
Source: Maritime Connector
Oil & Gas Vietnam (OGAV) and Marine Vietnam Exhibition 2016 - The International Congregation during 11 months 26 days ago
Added: May 05, 2016 06:49
The Oil price slump has huge negative impact on the activities of the Oil and Gas industry around the world and Vietnam is no exception. The Oil & Gas companies have launched cost reduction policies such as job cuts, reduction of exploration activities….during the downturn. Read more
Source: Maritime Connector
ICS Pushing for Balanced Update of York Antwerp Rules11 months 26 days ago
Added: May 05, 2016 06:35
At the Comité Maritime International (CMI) Conference, in New York this week, the International Chamber of Shipping (ICS) will be pressing to ensure that the... Read more
Source: Maritime Connector
Recent Strength in Dry Bulk Shipping to be Short-Lived11 months 26 days ago
Added: May 05, 2016 06:32
Drewry forecasts dry bulk freight rates in 2016 will be, on average, lower than in 2015, as the medium-to-long term fundamentals for dry bulk shipping will remain challenging, according to the latest edition of the Dry Bulk Forecaster report published by global shipping consultancy Drewry. Read more
Source: Maritime Connector
Maersk Group Posts $200 Million Profit for Q111 months 26 days ago
Added: May 05, 2016 06:28
This week, the Maersk Group announced a profit of $214 million. The bottom line number reflects low oil prices and container rates, but the relatively strong result demonstrates that the firm is "competitive as ever," said CEO Nils Andersen. Read more
Source: Maritime Connector
Alphaliner: Third Alliance in the Making?11 months 26 days ago
Added: May 05, 2016 06:24
The eight container carriers left out of the two major alliances, the 2M and Ocean Alliance, could team up under a single arrangement that would represent a serious counterweight on the East-West corridors, according to Alphaliner. Read more
Source: Maritime Connector
Fire Erupts After Boxship Hits Gantry Crane in Port Said11 months 27 days ago
Added: May 04, 2016 07:21
A fire broke out at Egypt’s Port Said last night after a container ship hit a gantry crane while leaving the Suez Canal Container Terminal (SCCT), a source who wished to remain anonymous told World Maritime News. Read more
Source: Maritime Connector
West Africa pirates switch to kidnapping crew as oil fetches less11 months 27 days ago
Added: May 04, 2016 07:15
Pirate gangs in West Africa are switching to kidnapping sailors and demanding ransom rather than stealing oil cargoes as low oil prices have made crude harder to sell and less profitable, shipping officials said this week. Read more
Source: Maritime Connector
China's CNOOC adding new tanks to expand Fujian LNG terminal11 months 27 days ago
Added: May 04, 2016 07:10
China's biggest liquefied natural gas (LNG) importer CNOOC has started building two storage tanks at a receiving terminal in Fujian province for the super-chilled fuel, the official Xinhua news agency reported this week. Read more
Source: Maritime Connector
Iran, South Korea Announce Oil & Gas Cooperation11 months 27 days ago
Added: May 04, 2016 07:06
Iran and South Korea have announced multiple new oil and gas cooperation agreements coinciding with South Korean President Park Geun-hye's goodwill delegation to Tehran. Read more
Source: Maritime Connector
Philippine island rebels free 10 Indonesian hostages11 months 28 days ago
Added: May 03, 2016 07:05
Islamist militants in the southern Philippines released 10 Indonesian hostages, ending a month-long ordeal during which a kidnapped Canadian held by the same group was beheaded after a ransom deadline passed. Read more
Source: Maritime Connector
Grounded Container Ship in Suez Canal Refloated11 months 28 days ago
Added: May 03, 2016 06:56
The shipping agency GAC reports that the grounded 12,500 TEU container ship MSC Fabiola was refloated in the early hours of last week, and resumed her southbound journey on the Suez Canal with an escort of five tugs. Read more
Source: Maritime Connector
Northwest Seaport Alliance Joins Green Certification Program11 months 28 days ago
Added: May 03, 2016 06:43
The Northwest Seaport Alliance, the port development authority for the ports of Seattle and Tacoma, announced that it has joined the Green Marine program, North America's largest voluntary environmental certification program for the maritime industry. Read more
Source: Maritime Connector
Nordic American Tankers to Add Four Suezmaxes11 months 28 days ago
Added: May 03, 2016 06:36
Nordic American Tankers Limited announced this week that it has entered into an agreement to acquire four existing Suezmax sister vessels built in Japan at a world-class shipyard. Read more
Source: Maritime Connector
Breaking: EU Approves CMA CGM’s Acquisition of NOL11 months 29 days ago
Added: May 02, 2016 06:45
French container shipping major CMA CGM announced this week that it has received approval from the European Commission for its pending USD 2.4 billion acquisition of Neptune Orient Lines (NOL), Southeast Asia’s largest container shipping company. Read more
Source: Maritime Connector
First of Its Kind LNG-Fuelled Car Carrier Hits the Water1 year 0 months ago
Added: Apr 29, 2016 08:16
Europe’s short sea RoRo operator United European Car Carriers (UECC) has launched its new dual-fuel liquefied natural gas (LNG) pure car and truck carrier (PCTC) TBN AUTO ECO. Read more
Source: Maritime Connector
HHI Axes Quarter of Its Executive Personnel1 year 0 months ago
Added: Apr 29, 2016 08:07
South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has laid off 25 per cent of its executives as a first step within the framework of its massive job-cutting plan, expected to include up to 3,000 jobs. Read more
Source: Maritime Connector
ABB and Cavotec join forces to offer shore-to-ship power solutions, boosting “green ports”1 year 0 months ago
Added: Apr 29, 2016 08:04
ABB and Cavotec have signed a Memorandum of Understanding to jointly offer complete shore-to-ship power solutions globally. Such solutions allow vessels to plug into onshore power supply and shut down their engines, eliminating noxious emissions, noise and vibrations while berthed in ports that are often located in city surrounds. Read more
Source: Maritime Connector
ECSA looks forward to the improvement of the shipping conditions in the Arctic1 year 0 months ago
Added: Apr 29, 2016 07:45
European shipowners believe that the three priority areas of the new EU Arctic Policy Communication published by the Commission this week address all topical Arctic matters. Climate change and environment, sustainable development and international cooperation in the Arctic are equally important. Read more
Source: Maritime Connector
Shell Cancels FLNG Order1 year 0 months ago
Added: Apr 29, 2016 07:40
Samsung Heavy Industries has revealed that Shell cancelled a multi-billion order for three floating LNG (FLNG) units this week. Read more
Source: Maritime Connector
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