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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
DryShips doubts ability to stay in business2 years 1 month 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 NOL2 years 1 month 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 measures2 years 1 month 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 Weighing2 years 1 month 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 Rates2 years 1 month 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
Asia Tankers-VLCC Rates Strengthen on June Charters2 years 1 month ago
Added: Jun 06, 2016 06:35
30-40 Mid-East VLCC cargoes still to be contracted for June; Posidonia shipping event next week in Greece may dampen activity. Read more
Source: Maritime Connector
Argentine Naval Vessel Collides with Tanker2 years 1 month ago
Added: Jun 03, 2016 07:56
Argentine media have reported a collision between the naval corvette ARA Espora and the merchant product tanker Saturn in a harbor near Bahia Blanca, Argentina. Read more
Source: Maritime Connector
Lithuanian Shipping Company’s Liquidation Starts2 years 1 month ago
Added: Jun 03, 2016 07:52
Klaipeda County Court has decided to declare the PC Lithuanian Shipping Company bankrupt and began the process of liquidation, the company said in a notice to creditors dated May 30. Read more
Source: Maritime Connector
Royal Caribbean to Sell Legend of the Seas2 years 1 month ago
Added: Jun 03, 2016 07:47
Royal Caribbean Cruises Ltd. announced that it has entered into an agreement to sell its cruise ship Legend of the Seas to Thomson Cruises in the spring of 2017. Read more
Source: Maritime Connector
Suezmax Chartering Joint Venture Announced2 years 1 month ago
Added: Jun 03, 2016 07:38
Shipping companies Euronav, Diamond S Management and Frontline have formed a commercial joint venture involving 43 Suezmax vessels, including newbuildings, operated on the spot market. Read more
Source: Maritime Connector
ESPO launches Code of Good Practices for Cruise and Ferry Ports2 years 1 month ago
Added: Jun 03, 2016 07:22
The European Sea Ports Organisation has launched the ESPO Code of Good Practices for Cruise and Ferry Ports today. This code has been developed by ESPO together with Cruise Baltic, Cruise Europe, Cruise Norway, MedCruise and Cruise Britain, who since September 2014 have been part of the Cruise and Ferry Port Network. Read more
Source: Maritime Connector
Cash Deprived Venezuela Can’t Pay For Oil Imports, Leaving Tankers Stranded2 years 1 month ago
Added: Jun 03, 2016 07:04
Venezuela’s financial problems have become so acute that it is having trouble paying for the crude oil imports that it needs. Reuters reports that four oil tankers carrying more than 2 million barrels of oil are sitting off the Venezuelan coast because... Read more
Source: Maritime Connector
Six More Ships Head to Bangladeshi Shipbreaking Yards2 years 1 month ago
Added: Jun 03, 2016 06:58
A total of six vessels will soon land on the beaches of the substandard South Asian shipbreaking yards in Bangladesh as a number of owners sold their ships to scrap on June 1, according to data provided by VesselsValue. Read more
Source: Maritime Connector
Rosneft & Statoil drill well in far east of Russia2 years 1 month ago
Added: Jun 03, 2016 06:44
Rosneft and Statoil have begun drilling an exploration well in the Sea of Okhotsk, in the latest sign that European oil companies are finding ways to continue work in Russia in spite of strained political ties. Read more
Source: Maritime Connector
Awilco Sells Two Laid-Up LNG Carriers2 years 1 month ago
Added: Jun 02, 2016 07:50
As the weak LNG freight market continued in the early part of 2016, the Norwegian liquefied natural gas (LNG) transportation provider Awilco LNG ASA decided to sell two of its 125,000 cbm LNG carriers. Read more
Source: Maritime Connector
GUPC: Panama Canal’s Third Set of Locks Fully Operable2 years 1 month ago
Added: Jun 02, 2016 07:23
Grupo Unidos por el Canal (GUPC), the contractor responsible for the Panama Canal expansion program, has brought to full operability the Third Set of Locks... Read more
Source: Maritime Connector
U.S. LNG-Fuelled Fleet Growing2 years 1 month ago
Added: Jun 02, 2016 06:59
There are fewer than 10 ocean-capable, U.S.-flagged LNG-fueled ships, at present, but at least eight are set to be launched over the next three years, reports the U.S. Energy Information Administration. Read more
Source: Maritime Connector
S. Korea's Big Three Issue Restructuring Plans2 years 1 month ago
Added: Jun 02, 2016 06:40
Samsung Heavy Industries and Hyundai Heavy Industries have received approval from creditors for their self-rescue restructuring plans, South Korean media sources report. Read more
Source: Maritime Connector
Höegh LNG Partners Sinks to Loss in Q12 years 2 months ago
Added: Jun 01, 2016 06:32
Höegh LNG Partners LP reported a net loss of USD 1 million for the first quarter of this year, a decrease of USD 3.6 million from net income of USD 2.6 million reported in the corresponding period in 2015. Read more
Source: Maritime Connector
ZIM Integrated Shipping Services Reports Results for Three Months Ended March 31, 20162 years 2 months ago
Added: May 31, 2016 14:20
​Adjusted EBIDTA remains positive at $8 million The Company carried 577 thousand TEUs in Q1, reflecting a 3% increase compared to Q1 2015 Read more
Source: Maritime Connector
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