• China Navigation ship involved in spill at New Zealand’s Northport

    Dec 1, 2015 | 01:21 am

    Multipurpose cargo ship , owned by Singapore-headquartered China Navigation, has spilled fuel while berthing at Northport in Whangarei Harbour today. Oil spill response units are working to clean up the oil in order prevent further contamination to the nearby coastal region. According to Jim Lyle, Regional Harbourmaster for the Northland Regional Council, specialized oil containment […]

  • Sainty Marine sued by Nanjing Huahong Shipping

    Dec 1, 2015 | 00:49 am

    Sainty Marine has announced that Nanjing Huahong Shipping has filed a lawsuit against the company in Wuhan Maritime Court. Sainty Marine purchased three bulkers Hua Hai 601, Hua Hai 602, Hua Hai 605 from Nanjing Huahong Shipping in 2014. The vessels were delivered to Sainty Marine after completion at Hubei Huahai Heavy Industry. The total […]

  • China on track to top ship finance leaderboard

    Nov 30, 2015 | 23:10 pm

    Ship finance is a funny old beast that on the face of it does not look to be in step with shipping freight rates. Here’s the funny thing – while the media is awash with how dire shipping’s fortunes are, sourcing finance for many is frankly simple. Of course financing depends on which type of […]

  • RINA: International push

    Nov 30, 2015 | 22:30 pm

    Shanghai: Founded in 1860 in London to “advance the art and science of ship design” today the Royal Institution of Naval Architects (RINA) is very much a global organisation, which is why Maritime CEO meets up with its CEO, Trevor Blakely, in Shanghai. Blakely, who has headed up RINA for more than 15 years, is […]

  • Transocean wins North Sea semi-submersible contract

    Nov 30, 2015 | 21:39 pm

    Det norske oljeselskap, on behalf of the partnerships in PL 203 (Alvheim) and PL 150 (Volund), has chartered Transocean semi-submersible drilling rig Transocean Arctic for the drilling of four wells in the Alvheim area of the North Sea. The rig contract will involve the drilling of one exploration well and three production wells. The project will […]

  • Algoma orders two self-unloading bulkers at Yangzijiang

    Nov 30, 2015 | 21:25 pm

    Algoma Central Corporation has announced that it has contracts in place, made effective overnight, to build two 740 foot self-unloading bulkers to join the company’s Great Lakes – St. Lawrence Waterway dry-bulk fleet. The new Equinox Class vessels, which have a designed carrying capacity of 29,300 tonnes, will be built by China’s Yangzijiang Shipbuilding. “Our […]

  • COP21: maritime deja vu

    Nov 30, 2015 | 20:57 pm

    Thomas Timlen highlights the similarities in the wordings of maritime-related texts in Paris to COP15 in Copenhagen six years ago. The COP21 fun is underway in Paris, and some wonder where will it end for the maritime sector. Let’s look at the draft agreement for clues. The oft-revised negotiating draft text of over 50 pages […]

  • Frontline merger complete

    Nov 30, 2015 | 20:44 pm

    Frontline and Frontline 2012 completed their merger on Monday. Frontline is now the surviving legal entity and Frontline 2012 becomes a wholly-owned subsidiary of Frontline. Trading in the new shares of Frontline issued as merger consideration to former Frontline 2012 shareholders will commence on the Oslo Stock Exchange on Tuesday. Monday was the last day […]

  • Golar LNG will focus more on FLNG

    Nov 30, 2015 | 20:37 pm

    Golar LNG’s third quarter results, published yesterday, hint at a future firm focus on FLNG over LNG shipping. The John Fredriksen-controlled company posted an EBITA loss of .9m for the quarter, an improvement over Q2’s .3m loss. In a release Golar LNG said its “main target” is carry out more FLNG projects. In order to […]

  • Panama Canal waiting times back to normal

    Nov 30, 2015 | 20:33 pm

    The Panama Canal Authority (ACP) said on Monday that shipping wait times at the waterway are back to normal after a period of several weeks that saw backlogs pile up, according to Reuters. Starting in late September and extending well into October, traffic jams had led to wait times of as much as 10 days, […]

  • Scorpio Bulkers Sells Six Ships for 7 Mln

    Nov 30, 2015 | 18:06 pm

    Scorpio Bulkers Inc. has entered into agreements with unaffiliated third parties to sell two Capesize dry bulk vessels and four newbuilding Capesize dry bulk vessels

  • Rocket Debris Found Near Isles of Scilly

    Nov 30, 2015 | 17:49 pm

    A piece of metal thought to be debris from an American space rocket was recovered from the sea off the Isles of Scilly. The metal – a large section of alloy about 10 meters by 4 meters,

  • NY/NJ Port Authority Sees Debt Issuance of .2 bln in 2016

    Nov 30, 2015 | 17:05 pm

    The Port Authority of New York and New Jersey sees consolidated debt issuance of .2 bln in 2016 compared with .5 bln this year, according to its .9 billion 2016 budget released on Monday.

  • AMC’s Tempest in the Water

    Nov 30, 2015 | 16:55 pm

    Aluminium Marine Consultants (AMC) lowered the new Crew Transfer Vessel Tempest into the water for the first time on November 16, 2015, on time and on schedule for handover mid December.

  • Stern Tube Lubricating Options from PANOLIN

    Nov 30, 2015 | 16:35 pm

    PANOLIN America, Inc. announced it is now offering customers more stern tube lubricating options.  With the success of STELLA MARIS stern tube lubricant, PANOLIN

  • Gulf and Hendry Marine Consolidate Operations

    Nov 30, 2015 | 16:17 pm

    Gulf Marine Repair Corporation, a southeastern tug-barge shipyard, announced it is consolidating operations with Hendry Corporation, its affiliated company and fellow shipyard,

  • Damen’s Norway Foray

    Nov 30, 2015 | 15:29 pm

    The Damen Shipyard Group’s man in Norway likes picking up the phone these days. With offshore markets in the doldrums, a unique phenomenon is occurring: “Norwegians are talking to me,

  • The Digital Oilfield Microwave Communication Offshore Brazil

    Nov 30, 2015 | 15:19 pm

    With most offshore wells in Brazil located between 30 and 300 km from the coast, communication with offshore assets has not always been straightforward or reliable.

  • Big IT: How Fast, How Far Will IT Drive Maritime?

    Nov 30, 2015 | 15:11 pm

    The IT industry doesn’t like to stand still. Upgrades, updates, new versions and enhanced functionality are released on a regular basis. New services are enabled,

  • Opportunities for Growth as Chinese Economy Evolves

    Nov 30, 2015 | 15:04 pm

    The global breakbulk and heavy-lift markets have had to navigate choppy waters in recent years.   Not necessarily due to a shortage of freight, but as a consequence of unsustainably low freight rates.

  • Why shipping is a third-world industry

    Nov 30, 2015 | 03:16 am

    You may recall a fairy tale by Hans Christian Andersen in which a young and vain emperor is persuaded into buying from two confidence tricksters a suit of clothes that are “invisible to anyone who is unfit for their position or just hopelessly stupid”. When the emperor is dressed by the charlatans in the wonderful […]

  • DBR: Dalian calling

    Nov 26, 2015 | 22:10 pm

    Dalian Jifa Bohai Rim Container Lines (DBR), an affiliate company of Dalian Port Group, is looking to further expand its business with eyes on the international market. The company mainly operates feeder shipping services in the Bohai Rim region. It also provides international feeder services to Japanese ports including Hakata, Moji, Nakanoseiki. Dalian Port, an […]

  • Alaska buys out TransCanada’s share of LNG project

    Nov 25, 2015 | 08:31 am

    The US state of Alaska has made a .6m deal to buy out TransCanada’s stake in the Alaska LNG project which would transport natural gas by pipeline to a coastal liquefied natural gas (LNG) conversion and export plant at Nikiski. The shipment of LNG by sea is expected to be a boom business in coming […]

  • Singapore extends competition exemptions for liner shipping agreements

    Nov 25, 2015 | 04:58 am

    Singapore’s Ministry of Trade and Industry (MTI) is to extend the block exemption order (BEO) for liner shipping agreements (LSAs) for another five years until December 31, 2020. The BEO exempts liner shipping agreements from the prohibition against anti-competitive agreements included in Singapore’s Competition Act, provided certain conditions and obligations are fulfilled. The exemptions include […]

  • MMC moves for Northport

    Nov 25, 2015 | 02:38 am

    MMC Corp, the operators of two key ports in Malaysia, has moved to takeover another one. MMC is increasing its stake in NCB Holdings, following overwhelming shareholder approval today, with a view to taking over the company which controls Northport in Port Klang. MMC already operates Johor Port and the Port of Tanjung Pelepas. The […]

  • Crane collapses at Vietnamese port

    Nov 25, 2015 | 02:15 am

    Emergency teams have been working throughout the day to free workers who were trapped when a port crane collapsed late last night at Tan Thuan Port in Ho Chi Minh City. The number of fatalities and injured people remains unknown. The crane collapsed at 23.30 hrs last night while offloading cargo from a Vietnam Ocean […]

  • Poles accused of bribery in escalating Port of Tallinn scandal

    Nov 25, 2015 | 00:22 am

    Estonian authorities are investigating a bribery scandal linking Polish shipbuilders with the Port of Tallinn. The Estonian Prosecutor General’s Office has filed allegationss against two managers of a Polish shipbuilding company as part of a corruption investigation relating to the state owned company Port of Tallinn. “Two people in management positions with the Polish shipbuilding […]

  • Bomb scare at Limassol port

    Nov 24, 2015 | 02:53 am

    Police combed through Limassol port yesterday after a bomb threat was made in the morning. No explosive device was found and operations quickly resumed as normal. A phone call was made at about 09.30 hrs to transport police by someone who spoke broken English, police said. The call comes at a time when police and […]

  • Strikes to stall container terminals at Rotterdam Port

    Nov 24, 2015 | 02:38 am

    Strikes will be held at three major container terminals at the port of Rotterdam, after the FNV Havens union voted to hold a series of walkouts in protest to possible redundancies. The Europe Container Terminals (ECT), APM Terminals (AMPT) and Rotterdam World Gateway (RWG) facilities will see a series of 24-hour strikes for three days in […]

  • Pelindo II outlines port development plans for 2016

    Nov 24, 2015 | 01:20 am

    State port operator PT Pelabuhan Indonesia (Pelindo II) will build two new ports next year and upgrade Cirebon Port in West Java. The new ports will be in Sorong, West Papua, and in Kijing, West Kalimantan. Pelindo II currently manages 12 ports in 10 provinces. Kijing will be a 1m teu boxport plus it will […]

  • For those in peril

    Nov 11, 2015 | 20:35 pm

    In the world of modern communications, we have come to expect constant contact, or at least prompt information. So the report that communication was lost with the ill-fated El Faro at some point before it sank raises the question of whether and how contact with a ship in distress can be maintained. Shortly before the […]

  • Liner heavyweights enter the ring for NOL crown

    Nov 11, 2015 | 20:15 pm

    One thing we can say about Neptune Orient Lines’ (NOL) likely winning suitor is they have blue hulls. My take is NOL, majority held by Singaporean sovereign wealth fund Temasek, is looking for a bidding war and while two bidders – Maersk and CMA CGM – are not bad, it was probably looking for more […]

  • Leviathans at the gates: container minnows beware

    Nov 10, 2015 | 03:21 am

    The last months of 2015 are confirming what everybody has long sensed, but hated to admit: the rates are not going to come back up this year and early in 2016. The Asia-to-Europe trade lane, where most of the mammoth ULCVs are being thrown into the rotations, is forcing the rates near US,000, nowhere near […]

  • How many directorships? A modern day conundrum

    Nov 8, 2015 | 19:01 pm

    With the current company reporting season in full swing I have been encouraged by the degree to which shareholders are becoming more vocal and less accepting of company boards decision making. Indicators are that we see a more frequent voting down of executive remuneration and the non-return of directors up for re-election. This raises the […]

  • Industry shows no surprise to Maersk lay-offs, lay-ups and cost cutting

    Nov 4, 2015 | 14:31 pm

    First came the 0m profit warning. “The container shipping market has deteriorated beyond the group’s expectations,” Maersk groaned on October 23. Then came the news that one of Maersk Line’s 18,000-teu Triple-E containerships had been laid up. And today the Maersk Group announced 4,000 redundancies, plus another 200 and further lay-ups at Maersk Supply Service, […]



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