Maritime Industry Top News
Samsung, Daewoo Merger on the Way?
As the Korea government is pushing for restructuring of the faltering shipbuilding industry, speculation grows over a possible merger between the country’s two major…
India to Roll Out Second Maritime University Next Year
India will soon get its second maritime university, Gujarat Maritime University (GMB), which will primarily be focusing on the commercial maritime courses. According to sources…
UASC, Qatargas and Shell Join to Push LNG as Marine Fuel
Qatargas, United Arab Shipping Company (UASC) and Shell signed a Memorandum of Understanding (MoU) to explore the development of LNG as a marine fuel in the Middle East region.
Chinese Shipyard Turns Into Car Parking
To cope up with so much financial strain, Hong Kong-based shipbuilders China Ocean Industry Group – formerly known as China Ocean Shipbuilding Industry Group – is…
Maritime India Summit Attracts $12.5 billion Investment
The first ever Maritime India Summit in Mumbai has resulted in attracting investments worth Rs 82,905 crores ($12.5 billion), says the Ministry of Shipping. A total…
Pacific Basin Rights Issue for $151mln
Hong Kong bulker Pacific Basin has proposed a one-for-one rights issue in a bid to raise approximately $150.6m for strengthening its long term equity capital. The…
Car Carrier Ocean Tango Runs Aground off Busan
A South Korean Car carrier Ocean Tango was grounded by a storm which battered Busan, Korea, on Apr 17. The 2,736 dwt Vessel was docked at Yeong-gu area, reportedly…
Italians Go to polls for Drilling Referendum
Italy went to the polls on Sunday for a referendum on off-shore oil and gas drilling rights, a complex issue that the government hopes voters will shun. For the ballot to be valid…
IMO Seeks Hosts for Maritime Technology Centers
An ambitious project to help mitigate the harmful effects of climate change has been kick-started by IMO with a call for formal expressions of interest to host centres…
Antwerp Port's Volume Growth Continues
The port of Antwerp handled 53,265,552 metric tons of freight in the first three months of this year, 3.9 percent more than in the same period last year. The container…
Vedanta to Re-develop Mormugao Port
Vedanta Limited, India’s only diversified natural resources company today received the ‘Letter of Award’ for Redevelopment of Berth No.8, 9 and Barge Berths at Port of Mormugao…
Austal Wins SCA Safety Awards
Austal USA remains one of the safest shipyards in the country the Shipbuilders Council of America (SCA) announced Mar. Austal’s hard-earned workplace safety record has been recognized…
Pirates Take 4 Hostages Near Malaysia
Four Indonesian sailors have been kidnapped by a group of armed men when their vessels was hijacked between the Malaysian and Philippine waterways on Friday evening (Apr 15).
Bimco’s Top Priorities For IMO’s Marine Enviroment Protection
BIMCO has shared the two critical issues at the top of its own priority list ahead of the IMO’s Marine Environment Protection Committee (MEPC) meeting next week.
French Banks Eye Yamal LNG Project
French banks may participate in lending for the Russia's Yamal liquefied natural gas (LNG) project, a relevant agreement may be signed in 2016, Tass reported quoting…
India Targets $60 Bln Maritime Investments
Indian Shipping Ministry is targeting to get investments worth $60 billion (nearly Rs 3.99 lakh crore) for a five-year term for 240 projects for the success of the ambitious Sagarmala project.
India to Add Eight Major Ports
As part of its aggressive plans for port-led development, Union Shipping and Ports Minister Nitin Gadkari said he is looking to add eight major ports to the already existing 12…
Sagarmala Project to Sail Through 5 Years
India government will speed up the ambitious Sagarmala project from 10 years to five years, said Nitin Gadkari, Minister of Road Transport, Highways and Shipping.
Guidelines for Determining Containers Weight - DMA
The Danish Maritime Authority has – in cooperation with a number of business organisations – drawn up three short guidelines on the regulations on the determination…
Response to Barge Breakaway Continues on the Mississippi
The U.S. Coast Guard continues to respond to an allision which occurred April 6 and resulted in a multiple-barge breakaway and two sunken barges on the Mississippi River near Thebes, Ill.
