S.Korea Court to Declare Hanjin Bankrupt on Feb. 17
A South Korean court said on Thursday it decided to end Hanjin Shipping Co Ltd's court receivership process and expects to declare bankruptcy on February 17 after a two-week period for appeals.
Asia Dry Bulk-Capesize Rates to Hold Steady
Floor may have been reached on Western Australia-China rates; dry cargo demand could fall 5.4 pct in first quarter. Freight rates for large capesize dry cargo vessels…
Record crude oil tanker deliveries adds instant freight rate pressure - BIMCO
On an unprecedented scale, 5.5m DWT of crude oil tanker capacity (up 220% from January 2016), has already been delivered in 2017 (according to preliminary data from VesselsValue.com).
America Cruise Terminal – New location for cruise ships
Over 100 years ago, the first Swedish American Line vessel sailed for the USA from Stigbergskajen in Gothenburg. This historic quay is now being resurrected as a…
RoPax hull launched at Niron Staal - Damen
Marking the completion of the first new build contract between Niron Staal Amsterdam and Damen Shipyards Group, the hull of a RoPax 5212 passenger ferry hull has…
IRClass helps comply with BWM convention requirements
The International Convention for the Control and Management of Ships’ Ballast Water and Sediments (BWM Convention) enters into force on 8 September 2017, and Indian…
Strategic Marine, Abu Dhabi Ship Building Sign MoU
Strategic Marine, one of the world’s leading specialist shipbuilding, fabrication and engineering companies, has teamed up with Abu Dhabi Ship Building PJSC (ADSB)…
Contship Italia Volumes rise
Contship Italia Group, Italy’s leading maritime container terminal and intermodal operator saw an increase in handled volume of 1.7% and 9.7% increase in transported volumes for 2016.
Dawson, Karakassis appointed Managing Directors, Hansa Heavy Lift
Steve Dawson and Alex Karakassis have been appointed Managing Directors of HANSA HEAVY LIFT GmbH, taking over from outgoing Chief Executive Officer (CEO) Roger Iliffe, with immediate effect.
Indian LNG Import Tax Halved
India, the world’s fourth-largest buyer of liquefied natural gas (LNG), has announced plans to halve its basic customs duty on imports of the chilled fuel. Indian…
Excelerate to Develop Second FSRU for Port Qasim
Excelerate Energy will deliver its second floating storage and regasification unit (FSRU) to Pakistan following negotiations with a consortium comprising Engro, Fatima, and Shell.
Evergreen May Turn Around
Evergreen Marine Corp, which has been battered by falling freight rates due to a prolonged supply glut, may swing into profit this year as market conditions improve in the global shipping industry…
Reach Subsea Enters Survey Deal for Edda Fonn
Norwegian owner of offshore inspection vessels Reach Subsea has secured a contract for its Edda Fonn vessel. According to Reach Subsea, the contract is for an ROV/survey…
HMAS Darwin - the First Lady of the Fleet
HMAS Darwin has been recognised as the Navy’s most senior commissioned ship, with the presentation of a newly created perpetual trophy, the First Lady of the Fleet.
Vessel Oversupply to Continue in Chemical Shipping
Chemical shipping vessel supply on major routes has been in surplus with many newbuilding deliveries and swing tankers flooding the market. As a result, freight…
Indian Ports to Go Green
The Indian Ministry of Shipping, as a part of its ‘Green Port Initiative’ has been emphasizing on use of renewable sources of energy to power Major Ports across the nation.
Teekay, GTT Extend Technical Service Agreement
The shipowner Teekay and GTT have recently signed a Technical Service Agreement (TSA) extended with new advisory services. This agreement applies to 23 vessels equipped…
Dragflow Cutterhead for Harbor Dredging
Dragflow has delivered a dredging hydraulic pump with frontal cutterhead to an Iranian company for the construction of a fishery port near Jask area in the Persian Gulf, South of Iran. Before finding in Dragflow equipment the best solution, they were dredging mechanically with a long boom excavator on a barge. As the operation were too slow, they decided to switch to the hydraulic dredging by connecting Dragflow HY85/160HC equipped with DTM85 cutterhead on the CAT345 boom.
New Land-based Solution for Vessel Traffic Monitoring
According to marine navigation software firm Nobeltec, part of FURUNO Group, its new TZ Coastal Monitoring ready-made packages provide the advantages of a standard system that covers most business requirements at a fraction of what it would cost to have such a system custom-developed. The solution allows users to monitoring and identify vessels and other navigational objects, optimize port infrastructure utilization…
Swiss Group MSC Acquires Hanjin's Stake in U.S. Ports Operator
A unit of Swiss shipping group MSC has bought a stake in U.S. ports operator Total Terminals International (TTI) from Hanjin, MSC said on Wednesday, having overcome…
