Ex-chairwoman of Hanjin Charged With Insider Trading
The Seoul Southern District Prosecutors’ Office said Choi Eun-young, the former chairman and former CEO of Hanjin Shipping, has been indicted on charges of insider trading.
Wanax Invests in PSV Market
Wanax AS, a wholly owned subsidiary of S.D Standard Drilling Plc, will invest USD 5.215mln in platform supply vessels (PSV) Opportunity III DIS. The investment…
Bimco Expects 'Die-hard Competition' to Continue in 2017
2017 will see another year of die-hard competition, which now includes tankers, says International shipping association Bimco. The shipping industry has its work…
Cavotec's Strategic Plan Enters Into Effect
Cavotec SA's previously announced strategic plan and new organisational structure — based on two distinct Business Units (BU), Ports & Maritime and Airports & Industry…
GE Shipping Contracts to Buy 2 Suezmax Crude Carriers
The Great Eastern Shipping Company Limited (GE Shipping) has signed contracts to buy 2 Suezmax crude Carriers of about 157,000dwt each. The 2010 and 2011 built vessels…
Colombo Port Volumes Surpasses 2mln TEUs
Colombo International Container Terminals (CICT) has reported a throughput of two million TEUs for the 12 months ending 31 December 2016, a year-on-year growth of 28 percent in volume…
Twenty Dead, Dozens Hurt After Indonesian Tourist Boat Blaze
Twenty three people were killed and dozens injured on Sunday after a fire ripped through a boat carrying nearly 250 people to islands north of the Indonesian capital Jakarta…
COSCO Container Lines Renamed COSCO Shipping Lines
COSCO Container Lines Co., Ltd. has changed its company name to COSCO Shipping Lines Co., Ltd. (“Our Company”). Our Company changed its official company name from COSCO Container Lines Co., Ltd.
Mariner Rescued Aboard Disabled Vessel in Bellingham Bay
The Coast Guard rescued one mariner aboard a disabled vessel after he become disoriented in Bellingham Bay, Saturday. Coast Guard Sector Puget Sound command center…
BIMCO: What Shipping Market can Expect for 2017
The shipping industry has its work cut out going forward in 2017 as the International Monetary Fund (IMF) forecast the lowest level of global GDP growth since 2009.
Wärtsilä, MOL Sign maintenance Deal for Two LNG Carriers
Wärtsilä has signed a ten-year maintenance agreement with MOL LNG Transport Europe Ltd., an affiliate of the Japanese MOL Group. The agreement, which covers two LNG carriers…
Keppel FELS Resells Jackup Rig
Keppel Corporation Limited (the “Company” or “KCL”) refers to its announcement on 2 August 2013 on the construction contract ("Construction Contract") entered between Keppel FELS Limited (“KFELS”)…
Maersk -Tyra Decommissioning to Start Next Year
Maersk Oil has on 30th December issued a notification to the Danish gas market announcing that an economically viable solution for full recovery of the remaining…
Panama-Flagged Ship Banned from Paris MoU Region
The vessel M/S "CITY OF TOKYO" was detained in Antwerp (Belgium) on 23rd October 2015 and left the port of Antwerp on 21st October 2016 but failed to call at the repair yard in Dubai as agreed…
US FMC approves Miami Marine Terminal conference agreement
An agreement between two marine terminal companies located at the Port of Miami went into force yesterday, permitting those parties to seek cooperation and commonality…
BV Certification adds global UKAS accreditation for ISO 2230
Bureau Veritas Certification (BVC) has achieved accreditation to international management systems ISO 22301: 2012 from the United Kingdom Accreditation Service (UKAS)…
ClassNK opens Survey offices in Izmir, Mersin
Leading classification society ClassNK has opened new exclusive survey offices Izmir and Mersin, both in Turkey with operations beginning 1 January 2017. Izmir and Mersin…
Swiber-Linked Vessels Seized in Singapore
Three of of Swiber Holdings vessels had been seized in an arrest moved by a syndicate of banks, reports Business Times. All three vessels were arrested at ASL Shipyard…
Mermaid Terminates Newbuild Drilling Rigs Contract
Mermaid Maritime and China Merchants Industry Holdings (CMIH) have mutually agreed to cancel the construction contract for the construction of tender assist drilling…
Neste to Deliver Low-Sulfur Marine Fuel to Eckerö Line
Neste will begin deliveries of low-sulfur marine fuel to Eckerö Line at the beginning of next year. The agreement covers m/s Finlandia on the Helsinki-Tallinn route throughout 2017.
