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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
With Credit Tight, Tanker Orders Fall2 years 5 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 Shipping2 years 5 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 Bulker2 years 5 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
BIMCO: First Quarter without Boxship Orders since 20092 years 5 months ago
Added: May 06, 2016 12:54
The overcapacity in the container shipping sector seems to have finally struck a nerve as owners abstained from ordering new boxship capacity for the first time in years. Read more
Source: Maritime Connector
NOL posts 1Q 2016 net loss of US$105 million amidst deteriorating freight rates environment2 years 5 months ago
Added: May 06, 2016 12:51
NOL Group today reported a 1Q 2016 net loss after tax of US$105 million. 1Q 2016 Core EBIT (Earnings before Interest, Taxes and Non-Recurring Items) was a loss of US$84 million. Read more
Source: Maritime Connector
Maersk welcomed back to Liverpool2 years 5 months ago
Added: May 06, 2016 12:44
Peel Ports celebrated the return of Maersk to the Port of Liverpool with a formal welcome reception for its feeder vessel, Antwerp. Read more
Source: Maritime Connector
Militants attack Chevron platform in Nigeria's oil-rich Niger Delta2 years 5 months ago
Added: May 06, 2016 07:29
Militants attacked a Chevron (CVX.N) platform in Nigeria's oil-rich Niger Delta region late this week, the U.S. energy company said on Thursday, amid growing fears of a revived militant campaign in the region. Read more
Source: Maritime Connector
Crowley Christens 3rd LNG-Ready Product Tanker2 years 5 months ago
Added: May 06, 2016 07:25
Florida-based shipping company Crowley Maritime Corporation christened on Thursday Louisiana, the latest of its four new Jones Act product tankers at the Port of New Orleans. Read more
Source: Maritime Connector
Panama Canal expansion exposes U.S. infrastructure, shipper woes2 years 5 months ago
Added: May 06, 2016 07:18
The $5.2 billion expansion of the Panama Canal was expected to make U.S. East Coast ports more competitive for cargo ships carrying televisions, tennis shoes and other products from Asia. Read more
Source: Maritime Connector
Oil & Gas Vietnam (OGAV) and Marine Vietnam Exhibition 2016 - The International Congregation during 2 years 6 months ago
Added: May 05, 2016 06:49
The Oil price slump has huge negative impact on the activities of the Oil and Gas industry around the world and Vietnam is no exception. The Oil & Gas companies have launched cost reduction policies such as job cuts, reduction of exploration activities….during the downturn. Read more
Source: Maritime Connector
ICS Pushing for Balanced Update of York Antwerp Rules2 years 6 months ago
Added: May 05, 2016 06:35
At the Comité Maritime International (CMI) Conference, in New York this week, the International Chamber of Shipping (ICS) will be pressing to ensure that the... Read more
Source: Maritime Connector
Recent Strength in Dry Bulk Shipping to be Short-Lived2 years 6 months ago
Added: May 05, 2016 06:32
Drewry forecasts dry bulk freight rates in 2016 will be, on average, lower than in 2015, as the medium-to-long term fundamentals for dry bulk shipping will remain challenging, according to the latest edition of the Dry Bulk Forecaster report published by global shipping consultancy Drewry. Read more
Source: Maritime Connector
Maersk Group Posts $200 Million Profit for Q12 years 6 months ago
Added: May 05, 2016 06:28
This week, the Maersk Group announced a profit of $214 million. The bottom line number reflects low oil prices and container rates, but the relatively strong result demonstrates that the firm is "competitive as ever," said CEO Nils Andersen. Read more
Source: Maritime Connector
Alphaliner: Third Alliance in the Making?2 years 6 months ago
Added: May 05, 2016 06:24
The eight container carriers left out of the two major alliances, the 2M and Ocean Alliance, could team up under a single arrangement that would represent a serious counterweight on the East-West corridors, according to Alphaliner. Read more
Source: Maritime Connector
Fire Erupts After Boxship Hits Gantry Crane in Port Said2 years 6 months ago
Added: May 04, 2016 07:21
A fire broke out at Egypt’s Port Said last night after a container ship hit a gantry crane while leaving the Suez Canal Container Terminal (SCCT), a source who wished to remain anonymous told World Maritime News. Read more
Source: Maritime Connector
West Africa pirates switch to kidnapping crew as oil fetches less2 years 6 months ago
Added: May 04, 2016 07:15
Pirate gangs in West Africa are switching to kidnapping sailors and demanding ransom rather than stealing oil cargoes as low oil prices have made crude harder to sell and less profitable, shipping officials said this week. Read more
Source: Maritime Connector
China's CNOOC adding new tanks to expand Fujian LNG terminal2 years 6 months ago
Added: May 04, 2016 07:10
China's biggest liquefied natural gas (LNG) importer CNOOC has started building two storage tanks at a receiving terminal in Fujian province for the super-chilled fuel, the official Xinhua news agency reported this week. Read more
Source: Maritime Connector
Iran, South Korea Announce Oil & Gas Cooperation2 years 6 months ago
Added: May 04, 2016 07:06
Iran and South Korea have announced multiple new oil and gas cooperation agreements coinciding with South Korean President Park Geun-hye's goodwill delegation to Tehran. Read more
Source: Maritime Connector
Philippine island rebels free 10 Indonesian hostages2 years 6 months ago
Added: May 03, 2016 07:05
Islamist militants in the southern Philippines released 10 Indonesian hostages, ending a month-long ordeal during which a kidnapped Canadian held by the same group was beheaded after a ransom deadline passed. Read more
Source: Maritime Connector
Grounded Container Ship in Suez Canal Refloated2 years 6 months ago
Added: May 03, 2016 06:56
The shipping agency GAC reports that the grounded 12,500 TEU container ship MSC Fabiola was refloated in the early hours of last week, and resumed her southbound journey on the Suez Canal with an escort of five tugs. Read more
Source: Maritime Connector
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