Qatar's Halul Offshore culls two anchor handlers ordered at India's L&T yard India's L&T Shipbuilding Ltd, the shipbuilding unit of Larsen & Toubro Ltd, is saddled with two anchor handlers after Qatar's Halul Offshore Services Company W.L.L cancelled the contract. The two anchor handling, towing, supply and standby vessels with a bollard pull of 150 metric tonnes each were part of a...
Commentary: China's resolve in addressing port and ship emissions Ship smoke. Credit: HasenpuschChina finally bit the bullet and issued national rules to curb emissions from ships at its main port areas. The new rules require ships berthing at main ports in the control areas of the Pearl River Delta, Yangtze River Delta and Bohai Bay rim to use fuel...
China demonstrates resolve to address port and shipping emissions China finally bit the bullet and issued national rules to curb emissions from ships at its main port areas. The new rules require ships berthing at main ports in the control areas of the Pearl River Delta, Yangtze River Delta and Bohai Bay rim to use fuel with a sulphur...
Dolphin Group in bankruptcy petition after restructuring efforts fail Polar Duke, operated by Dolphin Geophysical. Credit: FolofliteDolphin Group, the listed Norwegian owner of seven seismic survey vessels, has decided to file for bankruptcy after efforts to restructure the company's business and finances had failed. The company said it had explored numerous alternatives with a view to reach an agreement with...
Ocean Signal-Backed Lizzy Foreman Highlights Importance of Safety Devices after Mini Transat Success Sponsored by Ocean Signal, solo sailor Lizzy Foreman has highlighted the importance of safety equipment for all mariners following a successful debut in this year's Mini Transat Iles de Guadeloupe. The 25-year-old, who finished as the first female and the first Briton overall in the Series class and in 31st place...
Japan yard orders surge in November A shipyard in Japan. Photo: Japan Ship Exporters AssociationOrders at Japanese shipyards rocketed 223% in November as shipowners rushed to build ships that will comply with the International Maritime Organisation's new standards, which will take effect from July 2016. Figures from the Japan Ship Exporters' Association show that its member shipyards received...
Icon Offshore secures USD5.1 million contract Malaysia-listed Icon Offshore has secured a MYR22.1 million (USD5.1 million) contract from an oil major amid the market down-cycle. Under the contract, the offshore services provider will supply one utility tug vessel through its wholly owned subsidiary, Icon Offshore group. The duration of the contract will last for three years with...
NOL sale to cushion impact of COSCO-China Shipping merger on Westports Port Kelang, Malaysia. Credit: AffeldtThe impact of the impending merger between Chinese state-owned shipping giants COSCO and China Shipping on Malaysia's Westports would be cushioned by CMA CGM's planned buyout of Neptune Orient Lines, CIMB Securities has opined. On 7 December 2015, French line CMA CGM announced its plan to purchase...
Indian police arrests Indonesian captain for alleged oil smuggling The Indian police has arrested a captain of a cargo ship off Mumbai, India, for alleged illegal bunkering transfer and sales. Shamshul Bakhri, an Indonesian captain of cargo vessel Kresh Jade, was singled out by the police for his involvement in an alleged fuel oil-smuggling racket operating off Mumbai. According to the...
CSCL to exit containers as China Cosco takes over box trade HONG KONG - China Shipping Container Lines will exit the container trade under a the merged and reorganised China Cosco Shipping Group, selling its box business to Cosco in a move that raises questions about the carrier's continued participation in the O3 Alliance it shares with CMA CGM and UASC.CSCL...
VLCC spot earnings dip but remain above $100,000 per day Fall reflects end-December loading schedule, but start of January schedule should inject new vigour into market
Port of Salalah opens new general cargo and liquid bulk terminal New facility adds 20m tonnes of dry cargo and 6m tonnes of liquid bulk cargo annual handling capacity
Teekay Tankers sets new dividend policy Declared dividend for fourth quarter of 2015 to increase four times to $0.12 per share
Reederei Buss secures partnership lifeline with Liberty One Fleet of 33 to come under control of Dietrich Schulz
Pressure still on for shipping to curb CO2
Investors lack faith in Cosco and China Shipping merger China Cosco leads the share price fall with big challenges in its box shipping business
More liner redundancies likely, says SeaIntel Latest study concludes there is room for 33,000 job losses if carriers follow Maersk Line's lead
Pre-Christmas activity likely to inspire handysize market Pacific markets see renewed strength though other trades remain weak
Shipper leaders question US container weight check guidelines US Coast Guard does not understand complexity of the supply chain, says AgTC's Friedmann
Global operator lined up for new Canadian container terminal Talks underway with numerous suitors, says project's chief executive
German flag decline is existential threat, VDR argues Shrinking fleet will hit entire maritime cluster, says Hartmann
Dolphin files for bankruptcy Board unanimously agrees there is no basis for continued operation
Trade unions reject proposal from Rotterdam port authorities and employers Industrial action commenced Friday after recent disagreement
Clipper Group picks Peter Norborg as chief executive Mr Norborg to start work on April 1, 2016
Petrobras unit cancels gas carrier contracts with Vard Ships are final two of series of eight LPG carriers worth $536m
China Merchants Energy Shipping firms up orders for four VLCCs CMES will finance the orders via loans as well as its own funds
Port of Antwerp signs twinning pact with Guangzhou Agreement to let both parties explore more commercial ventures
US Coast Guard shuts Pacific Northwest ports on rough sea conditions Storm debris in waterways poses danger to marine transportation
Time charter rates for bulkers fall to near record lows Weak sentiment for year ahead as most owners shy away from period deals
Port of Houston Authority sets new record for container traffic handled Port's container traffic surpasses the 2m teu mark for first time
Cruising going east Chinese shipyards are staring at huge gaps in their orderbooks. A deal with Cantieri and Carnival could see them moving into passengerships
ICE Brent closes nearly flat after testing 2008-09 crisis lows ICE January Brent settled 1 cent lower at $37.92/b. NYMEX January crude settled 69 cents higher at $36.31/b.
IMO to press ahead with scheme to monitor bunker consumption UN agency welcomes the Paris climate change accord.
Strike threat hangs over Rotterdam Dispute rooted in Job fears and automation plans.
Crude oil prices resume their fall 'Absolutely no chance' that Iran will limit its output.
OW ship arrest dispute resolved Physical supplier had been paid but ship operator settles with bank.
Paris deal a 'disappointment' to some, admits ICS But International Chamber of Shipping welcomes the agreement and predicts that IMO member states will deliver CO2 cuts.
LNG-fuelled ferry makes debut Ship will operate in environmentally sensitive area in North Sea.
Singapore November bunker fuel sales rise 9.5% on month to 3.98 million mt No recorded sales of 180 CST LSFO or 500 CST LSFO in November, says MPA data.
Cockett Marine Oil executive changes portfolio Cem Saral starts new role as Group Chief Operating Officer.
ECA Watch: What's the score? Developments have not been quite as predicted with regards to prices, compliance, fuel quality or the attractiveness of alternatives to MGO.
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