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Latest shipping industry news

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
Marenave Could Sell Entire Fleet to Repay Loans11 months 23 days ago
Added: Jun 10, 2016 07:15
Hamburg-based shipping trust Marenave Schiffahrts said that it received a letter of intent from its lenders stating that its entire fleet should be sold in an effort to repay the company’s ship financing loans... Read more
Source: Maritime Connector
Wärtsilä powers the world’s largest cruise ship, ‘Harmony of the Seas’11 months 23 days ago
Added: Jun 10, 2016 06:56
Royal Caribbean International’s Harmony of the Seas, featuring Wärtsilä engines, propulsion equipment, exhaust scrubber systems, Wärtsilä NACOS Platinum navigation and dynamic positioning systems, as well as Wärtsilä CCTV systems and various electrical & automation solutions, is now in commercial operation... Read more
Source: Maritime Connector
Major Shifts in Gas Trade Expected11 months 23 days ago
Added: Jun 10, 2016 06:53
The next five years will bring a reshaping of the global gas trade, the International Energy Agency (IEA) said this week in its 2016 Medium-Term Gas Market Report... Read more
Source: Maritime Connector
DSME Clinches Order for Four Ships from Angelicoussis Shipping11 months 23 days ago
Added: Jun 10, 2016 06:49
Maran Tankers Management (MTM) and Maran Gas Maritime, oil tanker and gas shipping units of the Angelicoussis Shipping Group Limited (ASGL), have placed an order for four new ships with South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME). Read more
Source: Maritime Connector
In major test, Myanmar scrambles to clear port jam threatening growth11 months 23 days ago
Added: Jun 10, 2016 06:40
Myanmar's new government has been grappling with its first economic management crisis, as a weeks-long traffic jam of cargo ships at the country's biggest port threatens to scare potential investors away and choke off nascent economic growth. Read more
Source: Maritime Connector
Two Ukrainian Seafarers Found Dead11 months 24 days ago
Added: Jun 09, 2016 07:14
Two Ukrainian seafarers were found dead this week after a Malta-flagged ship was taken to a shipyard in Istanbul for maintenance. Read more
Source: Maritime Connector
Shipowners: Is This the Right Time to Buy?11 months 24 days ago
Added: Jun 09, 2016 07:08
As the shipping industry continues sailing in a sluggish market, the shipowners are weighing the decision whether to buy ships while the prices are still low, it was said during the shipping exhibition Posidonia, taking place from June 6 to 10 at the Athens Metropolitan Expo. Read more
Source: Maritime Connector
World's First FLNG Arrives off Sarawak11 months 24 days ago
Added: Jun 09, 2016 07:04
Petronas' first floating LNG unit, the PFLNG Satu, has arrived at the Kanowit gas field off of Sarawak – bringing it one step closer to becoming the world's first producing full-scale FLNG. Read more
Source: Maritime Connector
EMSA Positive About Methanol and Ethanol11 months 24 days ago
Added: Jun 09, 2016 06:55
The European Maritime Safety Agency (EMSA) has issued a report on methanol and ethanol, saying they are good potential alternatives for reducing both the emissions and carbon footprint of ship operations. Read more
Source: Maritime Connector
Maersk ‘undermining its reputation’ with plan to circumvent environmental laws on ship recycling11 months 25 days ago
Added: Jun 08, 2016 07:17
The Maersk Group’s plan to avoid European environmental law on ship recycling by flagging ships to non-EU flags seriously undermines its credibility as a responsible ship operator, the Clean Shipping Coalition has said. Read more
Source: Maritime Connector
Ardmore Shipping Announces Agreement to Acquire Six Eco-Design MR Product/Chemical Tankers11 months 25 days ago
Added: Jun 08, 2016 06:52
Ardmore Shipping Corporation announced that it has reached agreement to acquire six modern, Eco-Design MR product/chemical tankers for an aggregate purchase price of $172.5 million. Read more
Source: Maritime Connector
COSCO Launches World's Largest Tanker Company11 months 25 days ago
Added: Jun 08, 2016 06:37
China COSCO Shipping officially launched the world's largest tanker company with a ceremony in Shanghai... Read more
Source: Maritime Connector
ACI’s 14th Vessel Efficiency & Fuel Management Summit11 months 25 days ago
Added: Jun 08, 2016 06:26
ACI’s 14th Vessel Efficiency & Fuel Management Summit will be taking place 23rd & 24th November, 2016 in Singapore. Read more
Source: Maritime Connector
DP World will build, operate Ecuador's first deepwater port11 months 26 days ago
Added: Jun 07, 2016 07:05
DP World Ltd will invest $1.2 billion to construct and operate Ecuador's first deepwater port, despite criticism of the lack of a public tender. Read more
Source: Maritime Connector
Ghana sees first LNG imports landing in early 201711 months 26 days ago
Added: Jun 07, 2016 07:02
Ghana expects to start importing liquefied natural gas (LNG) early next year, the acting chief executive of Ghana National Petroleum Corporation (GNPC) said on Monday, adding that it was in discussion with a range of traders. Read more
Source: Maritime Connector
DryShips doubts ability to stay in business11 months 26 days ago
Added: Jun 07, 2016 06:55
Dry bulk shipper DryShips Inc raised "substantial doubt" about its ability to stay in business after it defaulted on three bank facilities, hit by a prolonged downturn in commodity prices and low charter rates. Read more
Source: Maritime Connector
CMA CGM S.A. launches all-cash voluntary conditional general offer to acquire NOL11 months 26 days ago
Added: Jun 07, 2016 06:52
CMA CGM S.A., a global leader in container shipping, today launched an all-cash voluntary conditional general offer (Offer) for all outstanding shares of Neptune Orient Lines Limited (NOL) other than those it already owns, controls or has agreed to acquire. Read more
Source: Maritime Connector
Liberian Registry introduces cost-saving measures11 months 27 days ago
Added: Jun 06, 2016 07:11
The Liberian Registry has introduced a range of cost-saving provisions to help mitigate the burden and financial strain currently being placed on owners and operators of Liberian-flag vessels during the sustained economic downturn in the maritime and offshore sectors. Read more
Source: Maritime Connector
PSA Terminals All Set for Container Weighing11 months 27 days ago
Added: Jun 06, 2016 06:56
Singapore-based PSA Group of Terminals said that all its terminal facilities will be in full compliance with the implementation of the International Maritime Organisation (IMO) amendments to the International Convention for the Safety of Life at Sea (SOLAS) when it comes into effect on 1 July 2016. Read more
Source: Maritime Connector
Shipowners Sue Coast Guard Over Pilotage Rates11 months 27 days ago
Added: Jun 06, 2016 06:40
Six Canadian and European shipowners – Brochart, Spliethoff, Wagenborg, Polsteam, Fednav and Canfornav – have joined in a suit against the U.S. Coast Guard over pilotage fees on the St. Lawrence Seaway / Great Lakes, alleging that the USCG has not taken commercial needs properly into account in its latest review. Read more
Source: Maritime Connector
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