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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
Libya's NOC cancels two oil cargoes in dispute with east1 year 0 months ago
Added: May 13, 2016 07:42
Libya's National Oil Corporation (NOC) based in Tripoli said this week it had cancelled two oil cargoes from its May export programme because a rival NOC in the east is blocking exports from Marsa al-Hariga. Read more
Source: Maritime Connector
Fincantieri’s Performance Bounces Back in Q11 year 0 months ago
Added: May 13, 2016 07:38
Italian shipbuilding major Fincantieri has marked a turning point in the first quarter of 2016, returning to the black from losses that were pressuring the shipbuilder’s results from the second half of 2015. Read more
Source: Maritime Connector
Port operator PSA International sets up venture capital arm1 year 0 months ago
Added: May 13, 2016 07:25
Headquartered port operator PSA International Pte Ltd has set up a corporate venture capital arm, PSA unboXed, with an initial fund size of S$20 million ($14.66 million) to invest in startups. Read more
Source: Maritime Connector
Cosco Pacific Buys Stake in Rotterdam Terminal1 year 0 months ago
Added: May 13, 2016 06:52
Cosco Pacific has entered into an agreement with Hutchison Port Holdings for the purchase of a 35 percent stake in the Euromax container terminal at... Read more
Source: Maritime Connector
Third Alliance Members Revealed1 year 0 months ago
Added: May 13, 2016 06:46
Global carriers Hanjin, Hapag-Lloyd, “K”Line, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Yang Ming have agreed to create a new alliance, the companies announced this week, confirming market rumors. Read more
Source: Maritime Connector
Hamburg Expands Rail Terminal1 year 0 months ago
Added: May 13, 2016 06:42
The port of Hamburg is responding to growing demand for rail containers by expanding the rail terminal at its Container Terminal Altenwerder from seven tracks to nine. This will give increase capacity from 140,000 to 930,000 TEUs. Read more
Source: Maritime Connector
DSME Unveils Its Own LNG Containment Technology1 year 0 months ago
Added: May 13, 2016 06:38
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has developed its own LNG containment system called DSME Cargo Containment System 16 (DSC16), the company said. Read more
Source: Maritime Connector
J. Lauritzen Sells Its Shares in Hafnia Tankers1 year 0 months ago
Added: May 12, 2016 07:24
Danish shipping company J. Lauritzen has completed the sale of its stake in Hafnia Tankers Ltd. as the company decided to abandon the product tanker and offshore service segments during the first quarter of 2016. Read more
Source: Maritime Connector
First STS Cranes for DCT Gdansk New Terminal1 year 0 months ago
Added: May 12, 2016 07:21
The first batch of STS cranes, destined for T2 operations, has arrived at the newly built second berth of DCT Gdansk terminal. Read more
Source: Maritime Connector
Chemical Shipping Freight Rates to Remain Firm1 year 0 months ago
Added: May 12, 2016 07:15
Chemical tanker shipping freight rates are expected to remain firm over the medium term, thanks to rising production capacity in key exporting countries, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry. Read more
Source: Maritime Connector
FMC: Third Container Alliance Coming Soon1 year 0 months ago
Added: May 12, 2016 07:10
Last week, at an industry gathering, Federal Maritime Commissioner William Doyle gave new hints on the creation of a "third force" container shipping alliance to counter the influence of heavyweights 2M and the recently formed Ocean Alliance. Read more
Source: Maritime Connector
Tanker Freed from Hijackers off Indonesia, Nine Arrested1 year 0 months ago
Added: May 11, 2016 07:27
The Indonesian Navy has retrieved an oil tanker that had been hijacked by pirates off Borneo arresting nine suspects, all Indonesians, who are believed to had intended to steal and sell the ship’s oil. Read more
Source: Maritime Connector
Navig8 Chemical Tankers Stays in Black1 year 0 months ago
Added: May 11, 2016 07:22
Navig8 Chemical Tankers, a joint venture between the Navig8 Group and Oaktree Capital Management, reported its net income for the first quarter of 2016 at USD 10.4 million against a net income of USD 9.1 million for the three months ended December 31, 2015. Read more
Source: Maritime Connector
Safmarine Meru Recovery Plans Under Way1 year 0 months ago
Added: May 11, 2016 07:02
In an update this week, Maersk Line said that the damaged container vessel Safmarine Meru remains stable, and that a fire aboard is now under control. Plans are under way to take her in tow and bring her into port. Read more
Source: Maritime Connector
LNG and Methanol Could Lead the Way to Shift to Biofuels?1 year 0 months ago
Added: May 11, 2016 06:55
LNG and methanol have been singled out as top alternative fuels for maritime transport in the report released by the EU Joint Research Centre (JRC) especially due to their capability to serve as transition fuels before making a major shift to biofuels. Read more
Source: Maritime Connector
AIDAprima LNG Test Run Successful1 year 0 months ago
Added: May 10, 2016 06:55
The cruise ship AIDAprima has successfully completed a test run burning LNG in Hamburg port. Read more
Source: Maritime Connector
Maersk Line vessel in serious collision off Ningbo, China. All crew safe.1 year 0 months ago
Added: May 10, 2016 06:53
Last week, Maersk Line was contacted by “Safmarine Meru”, a Maersk Line owned container vessel. En route from Qingdao to Ningbo in China, the Safmarine Meru had collided with the “Northen Jasper, a German-owned container vessel. Read more
Source: Maritime Connector
With Credit Tight, Tanker Orders Fall1 year 0 months ago
Added: May 10, 2016 06:50
In its latest report on the tanker fleet, Drewry notes a marked slowing trend, with only 34 vessels ordered in the first quarter, down by a factor of ten from 368 ordered in the same period last year. Read more
Source: Maritime Connector
Scanty Ordering Bodes Well for Tanker Shipping1 year 0 months ago
Added: May 10, 2016 06:39
Newbuilding orders of tanker ships have seen a sharp reduction, but the slowing trend needs to be sustained for the longer-term health of the market, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry. Read more
Source: Maritime Connector
Man Adrift for Two Months Rescued by Bulker1 year 0 months ago
Added: May 06, 2016 13:45
Last week, a 29-year-old Colombian national arrived safely in Honolulu following a two-month ordeal at sea and a very lucky rescue by a merchant vessel. Read more
Source: Maritime Connector
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