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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
Panama Canal’s Expansion Deadline Pushed to May 20163 years 6 months ago
Added: Jan 05, 2016 07:36
The long-awaited Panama Canal expansion project has now been given a new deadline for May 2016 after major delays and expensive overruns, according to Panama’s President Juan Carlos Varela. Read more
Source: Maritime Connector
Virginia and Cuba to sign port agreement, look to expand trade3 years 6 months ago
Added: Jan 05, 2016 07:28
Virginia's port authority will become the first U.S. port operator to sign a cooperation agreement with its Cuban counterpart, in an effort to increase trade and establish direct service with Cuba, Virginia's governor said. Read more
Source: Maritime Connector
Carnival's Newbuilds Focus on Asian Tourism3 years 6 months ago
Added: Jan 04, 2016 07:53
Carnival Corporation has signed an agreement with Italian shipbuilder Fincantieri to build four new cruise ships with final contracts expected to be executed in 2016. Read more
Source: Maritime Connector
Details of China's New Aircraft Carrier Revealed3 years 6 months ago
Added: Jan 04, 2016 07:47
Chinese officials have confirmed the construction of a new aircraft carrier for the nation’s navy, saying it’s going to be specifically designed for Chinese needs and will be significantly different to China’s first aircraft carrier, Liaoning. Read more
Source: Maritime Connector
South Korea Sets Up $1.2 Billion Shipping Fund3 years 6 months ago
Added: Jan 04, 2016 07:38
The South Korean government has announced a $1.2 billion ship investment fund to support the nation’s struggling shipping industry. Read more
Source: Maritime Connector
US Ships First Oil After 40-Year-Long Export Ban3 years 6 months ago
Added: Jan 04, 2016 07:31
The first export cargo of U.S.-produced crude oil has departed the port of Corpus Christi on board Theo T crude oil tanker in less than two weeks since the lifting of the 40-year export ban. Read more
Source: Maritime Connector
Samudera Sells Tanker Duo3 years 7 months ago
Added: Dec 30, 2015 12:00
Singapore-based Samudera Shipping Line Limited has sold two of its oil tankers, namely, Sinar Tokyo and Sinar Bukom to PT Samudera Energi Tangguh, a subsidiary of PT Samudera Indonesia Tangguh. Read more
Source: Maritime Connector
India: LNG to replace diesel for inland navigation3 years 7 months ago
Added: Dec 30, 2015 11:58
Seeking to reduce India's carbon footprints, the Centre has decided to switch over from diesel to relatively less polluting Liquefied Natural Gas (LNG) as a fuel for vessels in the inland navigation system. Read more
Source: Maritime Connector
Keppel Offshore & Marine secures contracts worth S$125 million from repeat customers3 years 7 months ago
Added: Dec 30, 2015 11:52
Keppel Offshore & Marine Ltd (Keppel O&M)'s local and overseas subsidiaries continue to win strong support from repeat customers by securing four contracts worth a total of about S$125 million. Read more
Source: Maritime Connector
The Supreme Court of Finland dismissed minimum dividend action initiated against Finnlines by Ilmari3 years 7 months ago
Added: Dec 30, 2015 11:15
The Supreme Court Of Finland has today sustained the judgment rendered by the Helsinki Court of Appeal on 29 November 2011 and dismissed all claims presented against Finnlines Plc by Mutual Pension Insurance Company Ilmarinen. Read more
Source: Maritime Connector
Three Bodies Recovered near Sunken Thorco Cloud, One of Them Missing Crew Member3 years 7 months ago
Added: Dec 30, 2015 11:10
Three bodies have been recovered near the wreckage of the sunken Thorco Cloud and one of them has been confirmed as one of the six missing crew members of the sunken vessel. Read more
Source: Maritime Connector
Survival of fittest for commodities shipping firms in 20163 years 7 months ago
Added: Dec 29, 2015 13:16
Shipping companies that transport commodities such as coal, iron ore and grain face a painful year ahead, with only the strongest expected to weather a deepening crisis caused by tepid demand and a surplus of vessels for hire. Read more
Source: Maritime Connector
Crude Oil prices may rise modestly from current levels in 2016: Report3 years 7 months ago
Added: Dec 29, 2015 13:13
Oil prices are forecast to increase somewhat in 2016 in line with relatively flat global production and continued, albeit slower growth in consumption. Read more
Source: Maritime Connector
Wärtsilä fuel flexible solution chosen for 15 LNG powered barges to be chartered by Shell3 years 7 months ago
Added: Dec 29, 2015 13:09
A series of 15 inland waterway barges being built for Belgium based Plouvier Transport N.V., and which will be chartered by Shell Trading Rotterdam (Shell), are to be powered by Wärtsilä dual-fuel main engines. Read more
Source: Maritime Connector
Explosion on Transmed bulker at Paranagua Port3 years 7 months ago
Added: Dec 29, 2015 13:01
A kamsarmax bulk carrier owned by Greece’s Transmed Shipping was hit by an explosion in one of its cargo holds while anchored at Paranagua Port in Brazil yesterday. Read more
Source: Maritime Connector
Navy steps up campaign against endemic piracy3 years 7 months ago
Added: Dec 28, 2015 21:12
In an attempt to improve security in the country’s territorial waters, the Indonesian Navy’s Western Fleet (Armabar) plans to launch a piracy prevention program. Read more
Source: Maritime Connector
ZIM to Expand its Refrigerated Container Fleet3 years 7 months ago
Added: Dec 28, 2015 21:09
The expansion of the refrigerated container fleet will support the growing demand for ZIMonitor, ZIM's premium reefer cargo tracking service Read more
Source: Maritime Connector
China Fines Eight Liner Companies3 years 7 months ago
Added: Dec 28, 2015 21:06
Eight container shipping companies are facing fines from China’s Ministry of Transport for violation of freight rate-related regulations. Read more
Source: Maritime Connector
P&O cruise ship Pacific Eden a 'floating disaster', say furious passengers3 years 7 months ago
Added: Dec 28, 2015 21:04
Passengers aboard a luxury cruise liner that docked in Sydney on Monday have labelled the vessel a “floating disaster” plagued by a nasty stomach bug. Read more
Source: Maritime Connector
Mandatory audits and other amendments enter into force on 1 January 20163 years 7 months ago
Added: Dec 27, 2015 13:43
A number of important amendments to IMO treaties enter into force on 1 January 2016, including new requirements for verification of compliance, making audits mandatory under the IMO Member State Audit Scheme. Read more
Source: Maritime Connector
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