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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
Ocean Alliance Announces Day One Network2 months 19 days ago
Added: Nov 04, 2016 07:42
The members of the new Ocean Alliance, CMA CGM, COSCO Container Lines, Evergreen Line and Orient Overseas Container Line, have announced their proposed “day one” trading network. Read more
Source: Maritime Connector
New Mobdock Reduces Rudder Repair Cost2 months 19 days ago
Added: Nov 04, 2016 07:34
The introduction of a new underwater habitat for rudder repairs is saving shipowners thousands of dollars in emergency drydocking costs, according to Hydrex Underwater Technologies’ Production Executive Dave Bleyenberg. Read more
Source: Maritime Connector
Star Bulk Announces Date for the Release of Third Quarter 2016 Results, Conference Call and Webcast2 months 19 days ago
Added: Nov 04, 2016 07:24
Star Bulk Carriers Corp. this week announced that it will release its results for the third quarter ended September 30, 2016 after the market closes in New York on Monday, November 21, 2016... Read more
Source: Maritime Connector
U.N. Sustainable Development Goals (SDGs) and the Ocean Business Community2 months 19 days ago
Added: Nov 04, 2016 07:20
The World Ocean Council’s Sustainable Ocean Summit (SOS) 2016 features a Plenary Session focusing on the SDGs and What They Mean for Ocean Industries. Read more
Source: Maritime Connector
Port of Oakland terminal OK to expand, could start in November2 months 20 days ago
Added: Nov 03, 2016 07:55
Work could begin next month to nearly double the size of the Port of Oakland’s second-largest marine terminal. Read more
Source: Maritime Connector
Maersk’s Containership Suffers Engine Room Fire2 months 20 days ago
Added: Nov 03, 2016 07:43
The engine room of the 1998-built containership Maersk Patras caught fire in the early morning hours of November 1 while the vessel was off the coast of Las Palmas, en route to Conakry, Danish shipping firm Maersk Line confirmed. Read more
Source: Maritime Connector
LNG is Not a Greenhouse Gas Solution2 months 20 days ago
Added: Nov 03, 2016 07:31
LNG is not a panacea to reducing greenhouse gas emissions, and its increasing use as a marine fuel could be worse for the environment than burning heavy fuel... Read more
Source: Maritime Connector
Scandal Hits as South Korea Restructures Shipbuilding2 months 20 days ago
Added: Nov 03, 2016 07:22
South Korean president Park Geun-Hye has recently suffered a bizarre and damaging scandal, and in response she has decided to shake up her cabinet leadership – just as her government was poised to begin a sweeping intervention in the nation's troubled shipbuilding sector. Read more
Source: Maritime Connector
Another Second-Hand Bulker to Join Capital Maritime2 months 21 days ago
Added: Nov 02, 2016 07:56
Japan’s Nisshin Shipping has entered into an agreement to sell its 2012-built Capesize bulk carrier to Greek shipping firm Capital Maritime and Trading, according to data provided by... Read more
Source: Maritime Connector
MEPC Delays Ballast Water Treatment Decisions2 months 21 days ago
Added: Nov 02, 2016 07:46
As the entry into force of the Ballast Water Management Convention is set for the September 8, 2017, the topics on the agenda for the MEPC 70 earlier this month highlighted the urgency in finding certainty on two levels... Read more
Source: Maritime Connector
Twelve dead in huge blast at Pakistani ship-breaking yard2 months 21 days ago
Added: Nov 02, 2016 07:33
At least 12 Pakistani workers were killed and more than 50 injured after a huge blast ripped through an oil tanker at a ship-breaking yard, trapping others inside the vessel, local officials said. Read more
Source: Maritime Connector
Singapore Maritime Technology Conference and Exhibition (SMTC) 20172 months 21 days ago
Added: Nov 02, 2016 07:26
The biennial Singapore Maritime Technology Conference and Exhibition (SMTC) 2017 is organised by the Maritime and Port Authority of Singapore and would be held in conjunction with Singapore Maritime Week 2017. Read more
Source: Maritime Connector
DNV GL Innovation Day Singapore – What will shape the future of shipping2 months 22 days ago
Added: Oct 31, 2016 17:54
Drones, remote inspection technologies and insights on cybersecurity were some of the main topics discussed at the DNV GL Innovation Day in Singapore. Read more
Source: Maritime Connector
Capital Product Partners L.P. Announces Third Quarter 2016 Financial Results2 months 22 days ago
Added: Oct 31, 2016 17:48
Capital Product Partners L.P. Announces Third Quarter 2016 Financial Results, the Acquisition of the Product Tanker M/T 'Amor' and an Increase to Its Quarterly Distribution From the Fourth Quarter 2016 Onwards to $0.08 per Common Unit Read more
Source: Maritime Connector
Russia signs Chinese firm to build deepwater port on Arctic Circle edge2 months 22 days ago
Added: Oct 31, 2016 17:41
With global warming freeing northern seas from ice, Russia wants a new deepwater port on the edge of the Arctic Circle, and has signed up a Chinese company to build it. Read more
Source: Maritime Connector
China's COSCO warns of loss for year in still rough shipping lanes2 months 23 days ago
Added: Oct 30, 2016 19:48
Oct 28 China COSCO Holdings , owner of the world's fourth-largest container shipping fleet by capacity, warned of a loss for the year on Friday as it failed to capitalise on a market recovery in the third quarter. Read more
Source: Maritime Connector
Legal implications of Hanjin Shipping's collapse2 months 23 days ago
Added: Oct 30, 2016 19:45
The early ramifications of the insolvency of Hanjin Shipping, which entered Korean administration on 31 August, have been startling, but in some ways unsurprising given Hanjin’s position as the world’s seventh largest container line operator. Read more
Source: Maritime Connector
Concordia Maritime signs another sale & leaseback agreement – this time for the suezmax tanker Ste2 months 23 days ago
Added: Oct 30, 2016 19:42
Concordia Maritime is selling the Suezmax tanker Stena Supreme. The counterpart is one of Japan’s largest ship owning companies and senior debt funding will be provided by one of Japan’s “Mega Banks”. Read more
Source: Maritime Connector
Suez Canal in Talks With Big Ship Operators for Toll Payments in Advance2 months 23 days ago
Added: Oct 30, 2016 19:40
Egypt’s Suez Canal Authority is in talks with the world’s biggest container-shipping operators to change the way it charges tolls for crossing the waterway by levying charges for three or five years in advance, a senior executive said last week. Read more
Source: Maritime Connector
RIL raises $573 mn loan for 6 large ethane carriers2 months 26 days ago
Added: Oct 28, 2016 08:05
Reliance Industries this week said it has raised a term loan of USD 573 million to part finance construction of a six very large ships for transportation of ethane from the US. Read more
Source: Maritime Connector
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