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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
MOL Announces New Hull Design3 years 0 months ago
Added: Apr 08, 2016 07:11
Mitsui O.S.K. Lines (MOL) has announced the hull design for its next-generation car carrier, Flexie, which will be built at Minaminippon Shipbuilding in Japan and delivered in 2017. Read more
Source: Maritime Connector
More positive box demand outlook3 years 0 months ago
Added: Apr 08, 2016 07:01
Container lines and vessel owners had nowhere to hide in Q1 2016 but forecaster Maritime Strategies International is more bullish on the demand outlook than its peers. Read more
Source: Maritime Connector
BDI Reaches New High in 20163 years 0 months ago
Added: Apr 08, 2016 06:43
As the dry bulk market is currently experiencing a slight recovery, the Baltic Dry Index (BDI) jumped by 13 points and reached 500 points on April 6, marking the highest level so far in 2016. Read more
Source: Maritime Connector
Offshore Mariculture Conference Day One Roundup3 years 0 months ago
Added: Apr 07, 2016 12:54
Conference Chairman, Alessandro Lovatelli, Aquaculture Office for the Food & Agriculture Organization of the United Nations (FAO) opened the 2016 Offshore Mariculture Conference (OMC), which is taking place in Barcelona from 6-7 April, to more than 110 delegates from across the world. Read more
Source: Maritime Connector
AAPA: American Ports Will Invest $150B By 20203 years 0 months ago
Added: Apr 07, 2016 07:19
In an announcement this week, the American Association of Port Authorities suggested that its member ports intend to spend over $150 billion in combined infrastructure investments by 2020 - contrasted with a "best-case" government investment in port-related freight infrastructure of only $25 billion over the same period. Read more
Source: Maritime Connector
BIMCO, GIIGNL issue Voyage Charter for LNG Trade3 years 0 months ago
Added: Apr 07, 2016 07:12
BIMCO and the International Group of Liquefied Natural Gas Importers (GIIGNL) have today jointly issued the first definitive voyage charter party – LNGVOY - designed for the expanding LNG spot market. Read more
Source: Maritime Connector
MSC Cruises orders another four ships from French yard3 years 0 months ago
Added: Apr 07, 2016 06:52
French shipyard STX has secured an order for up to four more ships from MSC Cruises, in a 3.6 billion-euro ($4.1 billion) deal announced this week. Read more
Source: Maritime Connector
Norway Says "Yes" to Unmanned Wellheads3 years 0 months ago
Added: Apr 07, 2016 06:42
The Norwegian Petroleum Directorate (NPD) has announced that it takes a positive view of unmanned wellhead platforms as an alternative development concept to subsea developments. Read more
Source: Maritime Connector
Indonesia Blows Up 23 Foreign Fishing Vessels3 years 0 months ago
Added: Apr 06, 2016 07:04
Indonesia's Maritime Affairs and Fisheries Ministry, in cooperation with the Navy and the National Police, blew up and sank 23 foreign fishing vessels caught operating illegally in Indonesian territorial waters. Read more
Source: Maritime Connector
DryShips Sells Three Vessels and Ocean Rig Shares To Reduce Debt Burden3 years 0 months ago
Added: Apr 06, 2016 06:59
DryShips, which owns dry bulk carriers and offshore support vessels, announced that it sold three of its vessels along with the associated bank debt to entities controlled by the company’s Chairman and CEO George Economou. Read more
Source: Maritime Connector
Panama Canal Announces Second Draft Restriction3 years 0 months ago
Added: Apr 06, 2016 06:51
The Panama Canal Authority (ACP) has issued a second draft restriction to take effect at the end of April, which will reduce the maximum tropical freshwater draft of transiting vessels to 38.5 feet, down from the standard 39.5 feet. Read more
Source: Maritime Connector
With New Ships Coming, Carnival Hires Thousands3 years 0 months ago
Added: Apr 06, 2016 06:45
In an announcement, cruise line conglomerate Carnival highlighted some of the thousands of crew positions it is seeking to fill as it brings ever more newbuilds into its fleet – welcome news to mariners as other sectors of the industry contract. Read more
Source: Maritime Connector
Scorpio Bulkers Scraps Deal for New Kamsarmax Bulker3 years 0 months ago
Added: Apr 05, 2016 07:07
NYSE-listed dry bulk owner and operator Scorpio Bulkers has reached an agreement to decrease its newbuilding orders by cancelling a shipbuilding contract for a Kamsarmax bulk carrier. Read more
Source: Maritime Connector
Iran Set on Injecting USD 2.5 Bn in Tanker Fleet3 years 0 months ago
Added: Apr 05, 2016 07:01
Iran is seeking an investment worth USD 2.5 billion to upgrade its oil tanker fleet as it gears up to restore pre-sanction shipping links. Read more
Source: Maritime Connector
Container Weighing Survey Update Reveals True State Of Implementation3 years 0 months ago
Added: Apr 05, 2016 06:49
The second round of FONASBA’s survey on the status of implementation of the amendments to SOLAS VI.2 shows that with just three months to go before the 1st July deadline, the situation varies widely across more than 50 countries represented in FONASBA membership. Read more
Source: Maritime Connector
Study: Fuel Costs Drive Fleet's Efficiency3 years 0 months ago
Added: Apr 05, 2016 06:39
A new study by consultants CE Delft for the Clean Shipping Coalition, published in time for the IMO's Marine Environmental Protection Committee meeting (MEPC 69) in mid-April, finds that market forces – in particular the price of fuel – are the most significant driver of vessel design efficiency for the global fleet, and that recent regulations have had relatively little impact. Read more
Source: Maritime Connector
COSCOCS Closes Deal for 10 VLOCs at SWS3 years 0 months ago
Added: Apr 04, 2016 07:07
China’s newly established shipping major, China COSCO Shipping Corporation (COSCOCS) has signed a contract with China State Shipbuilding Corporation (CSSC) in Shanghai that will see the construction of ten 400,000-tonne VLOCs. Read more
Source: Maritime Connector
Carnival Corporation Finalizes Contracts with Fincantieri to Build Five New Cruise Ships3 years 0 months ago
Added: Apr 04, 2016 07:02
Carnival Corporation & plc, the world's largest leisure travel company, announced that it has finalized contracts with Italian shipbuilder Fincantieri S.p.A. to build five new cruise ships as part of a memorandum of agreement announced in 2015. Read more
Source: Maritime Connector
PLA’s £7million boat does the trick after storm damage closes pier temporarily3 years 0 months ago
Added: Apr 04, 2016 06:58
A busy London pier that was shut briefly after Storm Katie struck was reopened thanks to a new tidal Thames superboat. Read more
Source: Maritime Connector
Rena Wreck Declared Hazard-Free3 years 0 months ago
Added: Apr 04, 2016 06:30
The Director of Maritime NZ has withdrawn two statutory notices relating to the wreck of the Rena, issued after the vessel grounded on the Astrolabe Reef on October 5, 2011 spilling over 300 tons of oil into the Bay of Plenty. Read more
Source: Maritime Connector
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