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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
APL Achieves 45.5% Carbon Emissions Reduction in 201511 months 12 days ago
Added: May 20, 2016 07:42
APL announced that it has reduced its fleet carbon dioxide emissions by 45.5% in 2015, compared to its emissions level in 2009. This achievement marks APL’s highest carbon dioxide emissions reduction in the last six years. Read more
Source: Maritime Connector
Fortis Enters Into Liquefied Natural Gas Supply Agreement With Hawaiian Electric11 months 12 days ago
Added: May 20, 2016 07:38
Fortis Inc. announced that Fortis Hawaii Energy Inc., an indirect wholly-owned subsidiary, entered into an agreement with Hawaiian Electric Company, Inc., to export liquefied natural gas to Hawaii to be used for local power generation. Read more
Source: Maritime Connector
Navios Maritime Acquisition Sees Rise in Profit11 months 12 days ago
Added: May 20, 2016 07:26
NYSE-listed tanker company Navios Maritime Acquisition has reported its net income at USD 23.8 million, an increase of 19 percent in for the first quarter of 2016, against the USD 20 million recorded in the same period a year earlier. Read more
Source: Maritime Connector
Barriers, drivers and interaction of wind propulsion technologies for ships11 months 12 days ago
Added: May 20, 2016 07:21
Dagmar Nelissen, Senior Researcher and consultant at CE Delft, will present the preliminary findings of the EU DG Clima study ‘Analysis of market potentials and market barriers for wind propulsion technologies for ships’, at next week’s Natural Propulsion Seminar. Read more
Source: Maritime Connector
No Deal on Charter Rate Cuts for HMM11 months 12 days ago
Added: May 20, 2016 07:13
Financially troubled South Korean shipping company Hyundai Merchant Marine (HMM) has failed to seal a deal with ship owners on charter rate cuts, Yonhap reports, citing company officials. Read more
Source: Maritime Connector
Container shipping firms' costs soar on new fuel rules - OECD11 months 12 days ago
Added: May 20, 2016 06:56
Container shipping firms' annual costs have risen by a total $500 million due to new sulphur emissions regulations that have forced vessels to use higher cost fuel, the OECD said in a report this week. Read more
Source: Maritime Connector
Sovcomflot Off to a Good Start11 months 12 days ago
Added: May 20, 2016 06:53
The start of the year seems to be promising for the Russian shipping major Sovcomflot, as the first quarter ending March 31st saw a 9.2 percent increase in the company’s net profit reaching USD 103.1 million. Read more
Source: Maritime Connector
Pirates Prevented from Boarding Boxship in Gulf of Aden11 months 13 days ago
Added: May 19, 2016 07:00
A number of pirates were repelled from boarding a container ship as they approached the vessel in five skiffs while it was underway in the Gulf of Aden, according to data released from IMB Piracy Reporting Centre. Read more
Source: Maritime Connector
Danish Ship Finance: Shipyards Could Be Left without Orders by 201711 months 13 days ago
Added: May 19, 2016 06:57
It is essential that new orders are placed within the next three to six months for the yard industry to fill up its orderbooks for 2017, according to Danish Ship Finance. Read more
Source: Maritime Connector
El Faro Received Out-of-Date Storm Track Data11 months 13 days ago
Added: May 19, 2016 06:29
This week, the U.S. Coast Guard Marine Board of Investigation continued its hearings into the loss of the El Faro with testimony from Jerry Hale and Rich Brown of... Read more
Source: Maritime Connector
Iranian Oil Tankers Can Now Travel To Any Port In The World11 months 13 days ago
Added: May 19, 2016 06:21
Iranian oil tankers have no more obstacles traveling to any port around now that sanctions on the shipping lines have been totally lifted, the managing director of the National Iranian Tanker Company (NITC) has said. Read more
Source: Maritime Connector
BIMCO/ICS Manpower report predicts potential shortage of almost 150,000 Officers by 202511 months 14 days ago
Added: May 18, 2016 07:10
Launched this week at the International Maritime Organization, the latest five-year BIMCO/ICS Manpower Report forecasts a serious future shortage in the supply of seafarers. Read more
Source: Maritime Connector
Epic Gas announces interim results11 months 14 days ago
Added: May 18, 2016 07:00
Singapore-based Epic Gas has announced its unaudited financial and operating results for the interim period ended 31st March 2016. Read more
Source: Maritime Connector
DSME Reaches Operations MoU with Iranian Yard11 months 14 days ago
Added: May 18, 2016 06:47
DSME has announced an agreement for technology transfer and operations management with ISOICO (Iran Shipbuilding and Offshore Industries Complex), a move expected to help Daewoo win new business from Iranian firms. Read more
Source: Maritime Connector
Domestic flights in Nigeria disrupted by fuel shortage -aviation authority11 months 14 days ago
Added: May 18, 2016 06:43
Fuel shortages have caused an increase in cancellations and delays to internal flights in Nigeria over the last few days, a spokesman for the aviation authority said this week. Read more
Source: Maritime Connector
Grounded Bulker Breaks Up and Partially Sinks11 months 15 days ago
Added: May 17, 2016 10:34
The grounded bulker New Mykonos, which went aground off the town of Faux Cap, Madagascar earlier this year, has broken in two and partially sunk, reports local news. Only a portion of the wheelhouse, stack and stern remain above the surface. Read more
Source: Maritime Connector
Hanjin, HMM Bleed Red in Q111 months 15 days ago
Added: May 17, 2016 10:31
South Korean financially-troubled container shipping companies Hanjin Shipping and Hyundai Merchant Marine (HMM) have concluded the first quarter of this year by booking more losses. Read more
Source: Maritime Connector
ITF: Striking Brazilian Seafarers Facing Forceful Removal from Vessels11 months 15 days ago
Added: May 17, 2016 10:28
Military personnel may be used to forcibly disembark striking Brazilian seafarers from vessels operated by Transpetro, a subsidiary of Brazil’s state-owned petroleum corporation, Petrobras, according to the International Transport Workers’ Federation (ITF). Read more
Source: Maritime Connector
Gazprom and PetroVietnam to launch new oil and gas projects and cooperate in power sector11 months 15 days ago
Added: May 17, 2016 10:17
Alexey Miller, Chairman of the Gazprom Management Committee, and Nguyen Quoc Khanh, Chairman of the Board of Directors of Vietnam Oil and Gas Group (PetroVietnam), signed this week in Moscow a number of documents to strengthen cooperation between the companies. Read more
Source: Maritime Connector
Singapore port faces rough seas amid global gloom11 months 16 days ago
Added: May 16, 2016 07:05
When business was booming, port worker Ravindran would make up to 50 trips a day transporting cargo between ships and the yard, but he is lucky now if he makes 35. Read more
Source: Maritime Connector
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