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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
No Deal on Charter Rate Cuts for HMM1 year 0 months ago
Added: May 20, 2016 07:13
Financially troubled South Korean shipping company Hyundai Merchant Marine (HMM) has failed to seal a deal with ship owners on charter rate cuts, Yonhap reports, citing company officials. Read more
Source: Maritime Connector
Container shipping firms' costs soar on new fuel rules - OECD1 year 0 months ago
Added: May 20, 2016 06:56
Container shipping firms' annual costs have risen by a total $500 million due to new sulphur emissions regulations that have forced vessels to use higher cost fuel, the OECD said in a report this week. Read more
Source: Maritime Connector
Sovcomflot Off to a Good Start1 year 0 months ago
Added: May 20, 2016 06:53
The start of the year seems to be promising for the Russian shipping major Sovcomflot, as the first quarter ending March 31st saw a 9.2 percent increase in the company’s net profit reaching USD 103.1 million. Read more
Source: Maritime Connector
Pirates Prevented from Boarding Boxship in Gulf of Aden1 year 0 months ago
Added: May 19, 2016 07:00
A number of pirates were repelled from boarding a container ship as they approached the vessel in five skiffs while it was underway in the Gulf of Aden, according to data released from IMB Piracy Reporting Centre. Read more
Source: Maritime Connector
Danish Ship Finance: Shipyards Could Be Left without Orders by 20171 year 0 months ago
Added: May 19, 2016 06:57
It is essential that new orders are placed within the next three to six months for the yard industry to fill up its orderbooks for 2017, according to Danish Ship Finance. Read more
Source: Maritime Connector
El Faro Received Out-of-Date Storm Track Data1 year 0 months ago
Added: May 19, 2016 06:29
This week, the U.S. Coast Guard Marine Board of Investigation continued its hearings into the loss of the El Faro with testimony from Jerry Hale and Rich Brown of... Read more
Source: Maritime Connector
Iranian Oil Tankers Can Now Travel To Any Port In The World1 year 0 months ago
Added: May 19, 2016 06:21
Iranian oil tankers have no more obstacles traveling to any port around now that sanctions on the shipping lines have been totally lifted, the managing director of the National Iranian Tanker Company (NITC) has said. Read more
Source: Maritime Connector
BIMCO/ICS Manpower report predicts potential shortage of almost 150,000 Officers by 20251 year 0 months ago
Added: May 18, 2016 07:10
Launched this week at the International Maritime Organization, the latest five-year BIMCO/ICS Manpower Report forecasts a serious future shortage in the supply of seafarers. Read more
Source: Maritime Connector
Epic Gas announces interim results1 year 0 months ago
Added: May 18, 2016 07:00
Singapore-based Epic Gas has announced its unaudited financial and operating results for the interim period ended 31st March 2016. Read more
Source: Maritime Connector
DSME Reaches Operations MoU with Iranian Yard1 year 0 months ago
Added: May 18, 2016 06:47
DSME has announced an agreement for technology transfer and operations management with ISOICO (Iran Shipbuilding and Offshore Industries Complex), a move expected to help Daewoo win new business from Iranian firms. Read more
Source: Maritime Connector
Domestic flights in Nigeria disrupted by fuel shortage -aviation authority1 year 0 months ago
Added: May 18, 2016 06:43
Fuel shortages have caused an increase in cancellations and delays to internal flights in Nigeria over the last few days, a spokesman for the aviation authority said this week. Read more
Source: Maritime Connector
Grounded Bulker Breaks Up and Partially Sinks1 year 0 months ago
Added: May 17, 2016 10:34
The grounded bulker New Mykonos, which went aground off the town of Faux Cap, Madagascar earlier this year, has broken in two and partially sunk, reports local news. Only a portion of the wheelhouse, stack and stern remain above the surface. Read more
Source: Maritime Connector
Hanjin, HMM Bleed Red in Q11 year 0 months ago
Added: May 17, 2016 10:31
South Korean financially-troubled container shipping companies Hanjin Shipping and Hyundai Merchant Marine (HMM) have concluded the first quarter of this year by booking more losses. Read more
Source: Maritime Connector
ITF: Striking Brazilian Seafarers Facing Forceful Removal from Vessels1 year 0 months ago
Added: May 17, 2016 10:28
Military personnel may be used to forcibly disembark striking Brazilian seafarers from vessels operated by Transpetro, a subsidiary of Brazil’s state-owned petroleum corporation, Petrobras, according to the International Transport Workers’ Federation (ITF). Read more
Source: Maritime Connector
Gazprom and PetroVietnam to launch new oil and gas projects and cooperate in power sector1 year 0 months ago
Added: May 17, 2016 10:17
Alexey Miller, Chairman of the Gazprom Management Committee, and Nguyen Quoc Khanh, Chairman of the Board of Directors of Vietnam Oil and Gas Group (PetroVietnam), signed this week in Moscow a number of documents to strengthen cooperation between the companies. Read more
Source: Maritime Connector
Singapore port faces rough seas amid global gloom1 year 0 months ago
Added: May 16, 2016 07:05
When business was booming, port worker Ravindran would make up to 50 trips a day transporting cargo between ships and the yard, but he is lucky now if he makes 35. Read more
Source: Maritime Connector
Solar Panels Developed to Withstand Heavy Seas1 year 0 months ago
Added: May 16, 2016 06:56
A team of researchers from The Technical University of Wien in Austria have developed light-weight solar panels that can be used to build platforms spanning a hundred meters and that will remain steady and firmly in place – even in rough seas. Read more
Source: Maritime Connector
Five Container Ships for Australian Flag1 year 0 months ago
Added: May 16, 2016 06:52
The Australian merchant shipping fleet is set to receive a major boost with the announcement this week that an Australian/Chinese partnership is to invest in five container vessels that will operate under the Australian flag. Read more
Source: Maritime Connector
2nd International LNG Congress1 year 0 months ago
Added: May 13, 2016 13:09
We are glad to welcome you to the 2nd International LNG Congress. The event will be held in the format of closed-door environment and will unite 150+ leaders of major gas companies, manufacturers, distributors,... Read more
Source: Maritime Connector
Oil Tanker Grounds in Suez Canal1 year 0 months ago
Added: May 13, 2016 07:49
A 163,038 DWT oil tanker ran aground at 159 km of the Suez Canal shortly after it entered the canal, GAC Egypt informed. Read more
Source: Maritime Connector
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