Maritime Industry Top News
Hiab Launches HIAB X-HiPro 232, Mid-range Innovations
Hiab, part of Cargotec, is renewing its mid-range loader cranes with 24 totally new models which will be launched in connection to upcoming exhibitions in Elmia, Sweden and IAA, Germany.
Damen Repairs Two Van Oord Barges
Damen Shiprepair Vlissingen recently completed a broad scope of maintenance and repair works on the Van Oord-owned Split Hopper Barges Jan Blanken and Jan Leeghwater.
Austal Hosts Christening of YUMA (EPF 8)
Austal celebrated the christening of the Expeditionary Fast Transport ship USNS Yuma (EPF 8) with a ceremony at its state-of-the-art shipyard here, this morning.
Boat Sinks in Indonesia: 10 dead, 5 missing
Ten people have drowned while five are still missing after a wooden boat carrying 17 people capsized in the province of Riau Islands on Sunday morning, reports the Jakarta Post.
MPA Asks Singapore Maritime Firms to Adopt Sustainability Reporting
In June this year, the Singapore Exchange (SGX) introduced sustainability reporting on a ‘comply or explain’ basis. To assist and encourage the maritime sector to…
Will Vessel Prices Continue Relentless Slide?
Tanker Opinions, published Poten & Partners says that, for a shipowner, there are usually a few twists to the traditional capital budgeting process. A shipowner…
KOGAS to Support Korean Shipyards
In a bid to help South Korean local shipyard weather their worst-ever slump, the State-run Korea Gas Corp. (KOGAS), the world's largest LNG importer, will soon place…
Is DSME Facing Delisting?
South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME), faced with risks of being delisted from the stock market due to capital erosion, is seeking measures for survival…
Ice Free Arctic?
Arctic melting slowed enough in midsummer that scientists don't expect this year's sea ice minimum to set a new record. This year’s melt season in the Arctic Ocean…
Iran Plans to Ship LNG to Europe
Iran plans to export Liquefied Natural Gas (LNG) to Europe, Mehr News Agency quoted Iranian Minister of Oil Bijan Zanganeh as saying. Zanaganeh described Iran’s…
ExxonMobil Contributes $ 0.5 Mln to Louisiana Flood Relief
Exxon Mobil Corporation (NYSE:XOM) announced today that it will donate $500,000 to the American Red Cross and the Greater Baton Rouge Food Bank to support local…
Lerwick Port Launches Latest VMS
Lerwick Port Authority have inaugurated a new Vessel Monitoring System (VMS) which utilises the latest technology to improve the handling of ship movements at the busy Shetland port.
DP World Rating Upgraded by Fitch
Fitch Ratings recently upgraded DP World Limited’s Long-Term Issuer Default Rating (IDR) to BBB from BBB- and its Short-Term IDR to F2 from F3. The rating outlook is stable.
Navy to Christen Expeditionary Fast Transport Yuma
The Navy will christen its newest Expeditionary Fast Transport, USNS Yuma (EPF 8), Saturday, Aug. 20, 2016, during a 10 a.m. EDT ceremony, in Mobile, Alabama. Yuma…
Cargo Growth Forecast at Canada's West Coast Ports
Ocean Shipping Consultants' 2016 container traffic report for the west coast of Canada forecasted that container demand through the Port of Vancouver and Port of…
Submarine Found in North Sea
The Danish Maritime Authority confirms having received a report on the finding of a wreck off the west coast of Jutland. The report also states that there are unexploded mines and torpedoes on board.
Maersk Break-Up Soon ?
A.P. Moeller-Maersk A/S, in its strategic review, is considering several options including a two-way split into an energy and a transport company, says a Bloomberg report.
Samsung Shipyard Mulls Outsourcing
Samsung Heavy Industries (SHI) CEO Park Dae-young proposed the outsourcing of shipbuilding to China and Indonesia in an effort to overcome a liquidity crisis, according to Yonhap.
5K Workers Lose Jobs in Korean Shipyards
According to a report by Korea Economic Daily the number of workers who left Korea's top-three shipbuilding companies - Hyundai Heavy Industries, Samsung Heavy Industries…
Vizag Port Mulls Major Expansion
Vishakhapatnam Port is poised for major expansion, with the Minister for Shipping, Road Transport and Highways Nitin Gadkari inaugurating several projects during his visit to the port…
