Aronnax: Red-faced or caught short? The US names and shames vessels that break SOx emission rules - so should Brussels follow suit?
Chairman of Hudong-Zhonghua Shipbuilding under probe Latest senior figure of Chinese state-owned enterprises to come under scrutiny
Namura Shipbuilding to acquire Sasebo Heavy Industries Consolidation within Japanese shipbuilding industry continues to compete with bigger rivals abroad
Qingdao Port presses forward with Hong Kong IPO Port group plans to raise $377m and has locked in cornerstone investors including CIMC and DP World Asia
CMA CGM posts $97m first-quarter net profit Rodolphe Saadé promoted to second-in-command
Wisdom Marine to book two bulkers in Japan Expansion-minded bulker owner to order a 37,600 dwt and a 62,000 dwt ship
UASC signs $190m loan deal with Burgan Bank Money to back purchase of two 14,000 teu ships
Fredriksen's Seadrill signs Arctic pact with Rosneft North Atlantic Drilling signs agreement that will see increased activity in Russia's Arctic waters
China's port growth slows China's major ports handled a total of 948.37M tonnes cargos in April, up 5% y/y, but 1.6 points less than in March. A total of 658.96M tonnes went through coastal ports with an annual increase rate of 7.5%, while 289.4M tonnes were handled by river ports. The rebounding foreign trade provided
IMO discusses designing 'unsinkable ship' Technical discussions are ongoing at the IMO on how design of international ro-ro passenger and other passenger ships could be refined to enhance their survivability after accidents. EU research has found that "probabilistic damage stability methodology" could help set requirements that could
CSSC shipowning unit to boost new orders CSSC (Hong Kong) Shipping, a shipowning unit of China's shipbuilding conglomerate China State Shipbuilding Corporation (CSSC), plans to boost its new orders at CSSC's yards to as many as CNY23Bn ($4Bn) within 2014. The new plan will bring the company's aggregate newbuilding orders to a total of
Namura Shipbuilding to acquire Sasebo HI Consolidation in Japan's shipbuilding industry continues, with the country's fourth-biggest shipbuilder Namura Shipbuilding taking over Sasebo HI. The acquisition will be effective in October and will make Namura Japan's third-biggest shipbuilder in terms of production volume, after Japan Marine
Keppel secures $8Bn contract Singapore-listed Keppel Corporation is estimated to have secured up to $8Bn in bid book for this year, according to Lim Siew Khee, offshore and marine analyst from CIMB. Lim believes that Keppel is able to fend off the fierce and cut-throat competition from the Chinese shipyards due to its long and
HMD's order growth momentum weakens Hyundai Mipo Dockyard's LPG carrier orders are rising, but upside momentum remains weak due to lower-than-expected order intake and slow earnings improvement. Last week, HMD won a 38,000m³ medium LPG carrier from West Africa LPG, a new shipping company registered in the British Virgin Islands.
China releases new customs measures to promote trade China's General Administration of Customs (GAC) unveiled measures on Friday to boost foreign trade. GAC introduced 20 measures, including increasing the efficiency of customs clearance, alleviating burdens for domestic enterprises, boosting service trade and cutting red tape to provide easier
Singapore MPA charges unlicensed bunker supplier Singapore-based bunker supplier Progressive Power has pleaded guilty in court on 20 May to five charges for supplying bunkers on five occasions in the Port of Singapore without a valid license issued by the Maritime and Port Authority of Singapore. MPA had brought charges against Progressive Power
Modi's win continues to galvanise Indian ship recycling India's ship recycling sector continued to be bullish as newly elected Narendra Modi's win encourages market sentiment. Prices there continue to average $470/lt ldt for bulkers and $500/lt ldt for tankers, while prices in Bangladesh and Pakistan are lagging behind by $15-20/lt ldt, making India the
Bounty upped for Sewol owner and son South Korean prosecutors have raised the bounty by 10-fold for information on the whereabouts of the fugitive owner of the Sewol ferry. Yoo Byung Eun, the owner of Chonghaejin Marine, is wanted by authorities investigating suspected corruption, negligence and embezzlement. Yoo, who also founded the
MOL ships first LNG cargo from PNG project Japanese shipping company Mitsui OSK Lines Ltd has shipped its first cargo through LNG carrier Spirit of Hela from Port Moresby, Papua New Guinea, today for delivery to a customer in Japan. The vessel is jointly owned by MOL and Itochu Corporation and was part of the ExxonMobil-led PNG LNG Project,
Coup fails to affect Thai port operations Thailand's ports are working normally despite last Thursday's military coup. "Ports, terminals, depots, trucks rail and barges currently operate as usual in the country" said Maersk in a statement for IHS Maritime. "Transportation for import/export-related purposes is exempted from the curfew," the
Chinese ship breakers buy less Chinese ship breakers' purchase of old vessels dropped 12% year on year to 746,000 light tonnage, equivalent to about 3.2Mdwt, in the first four months in 2014, according to the statistics of China National Shiprecycling Association. During the period, China's imports of old vessels decreased 48%
China crucial to LPG trade The construction of propane dehydrogenation (PDH) plants in China to alleviate a propylene shortage has changed the LPG balance in China, said Norwegian gas broker Joachim Grieg & Co. It is hoped that Chinese LPG demand would absorb increasing LPG production in Algeria, the Middle East, the United
Maersk denies bribery AP Moller-Maersk has denied bribery after tanker charters by the Danish giant emerged as the subject of a police investigation of jailed Petrobras official Paulo Roberto Costa.
Mercator banks $16m Indian owner Mercator has raised $16m in overseas currency convertible bonds.
Kistefos gains little Christen Sveaas' takeover offer for Sweden's Rederi AB Translatlantic (RABT) has won over only 5.8% of minority investors.
Rodolphe Saade anointed CMA CGM has appointed chairman and CEO Jacques Saade's son Rodolphe as heir apparent to the giant French container line.
China Shipping seals $8bn loan China Shipping Group (CSG) has arranged a huge CNY 50bn ($8bn) loan to develop and restructure its business.
Cosco seals PSV quartet Singapore-listed yard group Cosco Corp has firmed up four supply ship newbuildings for a Singapore owner.
Hudong CEO probed The chief executive of China's Hudong-Zhonghua Shipbuilding is being investigated for "serious violations".
SAL shifting monsters K Line heavy-lift operation SAL has won a major infrastructure transport contract for the Icthys LNG project off Australia.
Hanjin eyes more bonds Loss-making Hanjin Shipping is lining up another bond sale to raise money.
UASC funds two more United Arab Shipping Company (UASC) has fixed up a new $190m loan to finance two containership newbuildings in Korea.
A sea of troubles ITF re-launches action week targeting "shocking" levels of crew abuse and dangerous ships in the Black Sea.
SeaRoad inks ro-pax Australia's SeaRoad Holdings has ordered a new ro-pax for its Bass Strait run to Tasmania.
Backing for OSG Overseas Shipholding Group (OSG) has won the backing of more creditors for its $1.5bn share sale as it seeks to complete its bankruptcy restructuring.
Fredriksen in Russian tie-up John Fredriksen looks to be going where others fear to tread after he agreed a major offshore deal with Russian oil company Rosneft.
Exmar LPG offloads pair Exmar LPG, the joint venture between Exmar and Teekay LNG Partners, has confirmed the disposal of two LPG carriers.
Bumi Armada hit in Q1 Malaysia's Bumi Armada has made a weak start to 2014 with its first quarter net profit down over 40% on a year ago.
Noble pulls Paragon IPO Noble Corp has withdrawn its planned initial public offering (IPO) of drilling rig spin-off Paragon Offshore.
Hoegh LNG trims losses Hoegh LNG has cut its losses for the first quarter of 2014 as revenue ramped up to more than double that of twelve months ago.
New barge is 'first' in region with mass flow meter First of CYE Petrol's two 1,650 deadweight tonne (dwt), double-hull, bunker barges launched from Turkish yard.
Prices start the week firm in Fujairah Prices generally firm in South Africa.
Prices see little movement in Europe Rotterdam market soft.
Bank lends backing to LNG containership project Container line says LNG plans have focus on 'cost efficiency and environmental friendliness'.
More departures from OW Bunker: Sources Clarence Chang, Koo Soo Yong, and Chua Hwee Cheng are all reported to be leaving the Singapore office.
Asian bunker prices strengthen at week's start Supplies were fine across all key regional hubs.
Singapore-listed firm buys hybrid electric vessels Newbuilds 'will outperform many traditional PSV's in terms of low fuel oil consumption'.
Newbuilds with 'eco-design features' secure charters 'Charter-rate is reflective of the very high specifications', says CEO.
Singapore brings charges against unlicensed bunker supplier Former bunker supplier Lian Hoe Leong & Brothers linked to case.
Australian navy planning to extend use of biofuel Development will allow RAN to continue operations with biofuel enabled US Navy.
Iran aiming for 20% share in regional bunker market State-owned company claims Iranian ports are winning business from Fujairah.
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