NEWS

LATEST NEWS

Apr 13, 2016

Dry Bulk Rate Recovery Short-Lived?

Shipping rates for vessels transporting commodities such as coal, iron ore and grains racked up impressive gains in the first quarter of 2016 after hitting record lows, but the rally…

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Apr 13, 2016

IMO: Electronic Data Exchange in a ‘Single Window’

The International Maritime Organization (IMO) has adopted the mandatory requirements for the electronic exchange of information on cargo, crew and passengers as part of a revised…

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Apr 12, 2016

IGU: LNG Carrier Tonnage Glut Set to Deepen Further

The 29 LNG carriers, including the FSRU Golar Tundra, delivered in 2015 far outweighed additional shipping requirements from the additional 4.7 MT of incremental LNG trade, exacerbating…

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Apr 12, 2016

Port of Salalah Inks Fuel Terminal Deal with omanoil

The Port of Salalah and Oman Oil Marketing Company (omanoil) have signed a lease agreement for the development of a small to medium capacity fuel terminal in the port. Planned to be completed…

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Apr 11, 2016

Maersk Tankers Adds MR Duo, More Orders to Come When the Price Is Right

Maersk Tankers, tanker arm of the Danish shipping conglomerate Maersk, christened two more newbuilds at Sungdong Shipyard in Tongyong, South Korea, on Friday, April 8th. Named Maersk…

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Apr 11, 2016

Port Automation: Friend or Foe?

Development of modern technology has ushered in a myriad of changes into the maritime industry. Introduction of complex navigation softwares aboard ships, giant remotely-operated…

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Apr 11, 2016

Ocean Yield Nets Financing for LEG Trio

Oslo-listed ship owning company Ocean Yield ASA has received a commitment letter from a group of banks for a USD 202.5 million credit facility for the financing of the three liquefied…

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Apr 11, 2016

Readers’ Picks of the Week (April 4th – 8th, 2016)

Drewry: Big Ship Obsession Could Be Diminishing The drop in newbuild containership orders could be continued as container shipping companies seem to be running out of profitable…

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Apr 10, 2016

Readers’ Picks of the Week (April 4th – 8th, 2016)

Drewry: Big Ship Obsession Could Be Diminishing The drop in newbuild containership orders could be continued as container shipping companies seem to be running out of profitable…

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Apr 08, 2016

Spotted: Benedict Schulte Gets New Anchor and Chain in Just One Day

The Netherlands-headquartered supplier of anchors and chains Damen Anchor & Chain Factory (AKF), a member of Damen Shipyards Group, has supplied and installed anchor and chain…

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