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Latest shipping industry news

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
Port of NY & NJ Will Be Big Ship-Ready by End of 201710 months 18 days ago
Added: Jun 13, 2016 06:50
The Port of New York and New Jersey will be able to handle 14,000 TEU vessels toward the end of 2017, officials at the Port Authority of New York and New Jersey confirmed last week. Read more
Source: Maritime Connector
India's Cochin Shipyard Expands Repair Business10 months 21 days ago
Added: Jun 10, 2016 08:10
Many shipbuilders are looking for alternate sources of income in a down market. State-owned Cochin Shipyard in Kochi, India turned a profit last year, unlike many yards around the world ‚Äď but it still wants to grow, and it sees potential in strengthening its ship repair capacity. Read more
Source: Maritime Connector
Pirates Free Kidnapped Tugboat Crew10 months 21 days ago
Added: Jun 10, 2016 08:04
Four Malaysian crew members, who were taken hostage from their tug Massive 6 in April, have been released on Jolo, Philippines, Reuters cited a Philippine army spokesman as saying. Read more
Source: Maritime Connector
Panama Canal Lifts Draft Limits, Starts Transit Tests10 months 21 days ago
Added: Jun 10, 2016 07:21
The Panama Canal Authority (ACP) has begun testing its newly finished second set of locks with transits by the bulker Baroque on the Atlantic side of the canal. Read more
Source: Maritime Connector
Marenave Could Sell Entire Fleet to Repay Loans10 months 21 days ago
Added: Jun 10, 2016 07:15
Hamburg-based shipping trust Marenave Schiffahrts said that it received a letter of intent from its lenders stating that its entire fleet should be sold in an effort to repay the company’s ship financing loans... Read more
Source: Maritime Connector
W√§rtsil√§ powers the world‚Äôs largest cruise ship, ‚ÄėHarmony of the Seas‚Äô10 months 21 days ago
Added: Jun 10, 2016 06:56
Royal Caribbean International’s Harmony of the Seas, featuring Wärtsilä engines, propulsion equipment, exhaust scrubber systems, Wärtsilä NACOS Platinum navigation and dynamic positioning systems, as well as Wärtsilä CCTV systems and various electrical & automation solutions, is now in commercial operation... Read more
Source: Maritime Connector
Major Shifts in Gas Trade Expected10 months 21 days ago
Added: Jun 10, 2016 06:53
The next five years will bring a reshaping of the global gas trade, the International Energy Agency (IEA) said this week in its 2016 Medium-Term Gas Market Report... Read more
Source: Maritime Connector
DSME Clinches Order for Four Ships from Angelicoussis Shipping10 months 21 days ago
Added: Jun 10, 2016 06:49
Maran Tankers Management (MTM) and Maran Gas Maritime, oil tanker and gas shipping units of the Angelicoussis Shipping Group Limited (ASGL), have placed an order for four new ships with South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME). Read more
Source: Maritime Connector
In major test, Myanmar scrambles to clear port jam threatening growth10 months 21 days ago
Added: Jun 10, 2016 06:40
Myanmar's new government has been grappling with its first economic management crisis, as a weeks-long traffic jam of cargo ships at the country's biggest port threatens to scare potential investors away and choke off nascent economic growth. Read more
Source: Maritime Connector
Two Ukrainian Seafarers Found Dead10 months 22 days ago
Added: Jun 09, 2016 07:14
Two Ukrainian seafarers were found dead this week after a Malta-flagged ship was taken to a shipyard in Istanbul for maintenance. Read more
Source: Maritime Connector
Shipowners: Is This the Right Time to Buy?10 months 22 days ago
Added: Jun 09, 2016 07:08
As the shipping industry continues sailing in a sluggish market, the shipowners are weighing the decision whether to buy ships while the prices are still low, it was said during the shipping exhibition Posidonia, taking place from June 6 to 10 at the Athens Metropolitan Expo. Read more
Source: Maritime Connector
World's First FLNG Arrives off Sarawak10 months 22 days ago
Added: Jun 09, 2016 07:04
Petronas' first floating LNG unit, the PFLNG Satu, has arrived at the Kanowit gas field off of Sarawak ‚Äď bringing it one step closer to becoming the world's first producing full-scale FLNG. Read more
Source: Maritime Connector
EMSA Positive About Methanol and Ethanol10 months 22 days ago
Added: Jun 09, 2016 06:55
The European Maritime Safety Agency (EMSA) has issued a report on methanol and ethanol, saying they are good potential alternatives for reducing both the emissions and carbon footprint of ship operations. Read more
Source: Maritime Connector
Maersk ‚Äėundermining its reputation‚Äô with plan to circumvent environmental laws on ship recycling10 months 23 days ago
Added: Jun 08, 2016 07:17
The Maersk Group’s plan to avoid European environmental law on ship recycling by flagging ships to non-EU flags seriously undermines its credibility as a responsible ship operator, the Clean Shipping Coalition has said. Read more
Source: Maritime Connector
Ardmore Shipping Announces Agreement to Acquire Six Eco-Design MR Product/Chemical Tankers10 months 23 days ago
Added: Jun 08, 2016 06:52
Ardmore Shipping Corporation announced that it has reached agreement to acquire six modern, Eco-Design MR product/chemical tankers for an aggregate purchase price of $172.5 million. Read more
Source: Maritime Connector
COSCO Launches World's Largest Tanker Company10 months 23 days ago
Added: Jun 08, 2016 06:37
China COSCO Shipping officially launched the world's largest tanker company with a ceremony in Shanghai... Read more
Source: Maritime Connector
ACI’s 14th Vessel Efficiency & Fuel Management Summit10 months 23 days ago
Added: Jun 08, 2016 06:26
ACI’s 14th Vessel Efficiency & Fuel Management Summit will be taking place 23rd & 24th November, 2016 in Singapore. Read more
Source: Maritime Connector
DP World will build, operate Ecuador's first deepwater port10 months 24 days ago
Added: Jun 07, 2016 07:05
DP World Ltd will invest $1.2 billion to construct and operate Ecuador's first deepwater port, despite criticism of the lack of a public tender. Read more
Source: Maritime Connector
Ghana sees first LNG imports landing in early 201710 months 24 days ago
Added: Jun 07, 2016 07:02
Ghana expects to start importing liquefied natural gas (LNG) early next year, the acting chief executive of Ghana National Petroleum Corporation (GNPC) said on Monday, adding that it was in discussion with a range of traders. Read more
Source: Maritime Connector
DryShips doubts ability to stay in business10 months 24 days 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
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