Wan Hai Join TBS Service with “K” Line
Taiwan's Wan Hai Lines Ltd will expand further on its already extensive south-east Asia network by joining Thailand-Belawan Service (also known as TBS) on 7th of January 2017…
Freight Rates Jump after Hanjin Collapse
The cost of transporting containers from ports now shows signs of recovery after the fall of Hanjin Shpiping Co after a period of down play, says a report in Business Korea.
Incheon Port Cargo Volume Crosses 2.5mln TEUs
Incheon Port's annual container volume surpassed 2.5 million TEUs as of December 16, the largest-ever volume in the history of Incheon Port, in 11 years since hitting…
Rickmers Sells Vessel to Survive
Rickmers Maritime Trust has completed the sale of a vessel in connection with the settlement of senior loan facilities that German lender Commerzbank's Singapore…
Vessel Earnings and Global Fleet Trends
Clarkson Research Services says market conditions across most sectors of the shipping industry have been highly challenging in 2016. The ClarkSea Index, which illustrates…
Incheon Port Emerges as Port for Government’s Stockpiles
Korea's Incheon Port is rapidly emerging as a port for government stockpile imports due to a significant increase in imports of US edible soybeans. Incheon Port…
Indisposed Man Medevaced from Fishing Vessel
The Coast Guard medevaced a 28-year-old male aboard the fishing vessel Captain David 40 nautical miles southeast of Venice, Louisiana, Saturday. The Eighth Coast…
Clean Arctic Alliance Praises Move to Phase out HFO Use
Responding to the December 20th joint statement from the United States and Canada, regarding development of a strategy to phase out their use of heavy fuel oil (HFO)…
K Line Sues APL Logistics
Kawasaki Kisen Kaisha, Ltd. (“K’’ Line) has today filed a civil lawsuit in Tokyo District Court against APL Logistics Ltd. (“APLL”), a Singapore entity which is…
Diana Shipping Gets Refund Guarantee Payment
Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that in connection…
MPI Installs All Turbines at Nordergründe
Following the successful installation of the foundations earlier this year, MPI has now informed that their wind turbine installation vessel (WTIV) MPI Enterprise…
India Strives to Improve Efficiency of Ports
While increasing the capacity of major ports, Ministry of Shipping has been striving to improve the operational efficiencies through mechanization and other measures.
Iranian Fleet Regains P&I Insurance
A large portion of Iran’s shipping fleet has regained Protection & Indemnity (P&I) insurance from Steamship Mutual, reports Mehr News Agency. Steamship Mutual, said…
Russian Navy to Get Two Subs
In recent years, Russia has been putting many efforts in building a modern-day nuclear submarine fleet. The Russian Navy expects to receive the Project 955A nuclear…
Qatargas starts operations at Laffan Refinery 2
Qatargas, the world's largest LNG producer, announced the commercial start-up of Laffan Refinery 2, marking a major milestone in the expansion of refining capacity in the State of Qatar.
Arctic Discovery Shocks Scientists
A report from the Washington Post described how high Arctic temperatures had risen by about 36 degrees Fahrenheit last month, coinciding with record-low sea ice levels.
Debt Looms for South Korean Shipyards
The top four Korean shipbuilders have 2.3 trillion won ($1.9 billion) in notes maturing next year, the most in Bloomberg-compiled data going back to 1997. Bloomberg…
India to Push Coastal Shipping
Coastal shipping provides benefit in the form of less environmental pollution due to lower per km consumption of fuel. However, unavailability of consolidated cargo…
Schlumberger, Transocean Ink Service Agreements
Cameron, a Schlumberger company, today announced the signing of two 10-year pressure control equipment management service contracts on behalf of Transocean valued at greater than $350 million.
Sandahlsbolagen to operate terminal at Gothenburg Port
The family-owned company Sandahlsbolagen Sweden AB has signed a five-year agreement with Gothenburg Port Authority to operate the new intermodal terminal at the port.