Gothia Tanker partners order next-generation chemical/product tankers China's Avic Dingheng has won orders to build four 16,300 dwt chemical/product tankers with LNG propulsion. Gothia Tanker Alliance partners, Furetank Rederi AB, Rederi AB Alvtank, and Thun Tankers BV, have ordered two, one, and one vessels respectively with deliveries scheduled during 2018-19. The four tankers are built to a design developed...
Taizhou Kouan secures chemical tanker quartet China's Taizhou Kouan has secured a newbuilding contact from a Norwegian owner for four 17,500 dwt IMO class II tankers. Bergen-based Rederiet Stenersen AS has ordered two firm units with options for two more attached, with deliveries pencilled in for the second half of 2017. The shipyard has a healthy orderbook of...
South Korea eyes investment in ports in Russian Far East Vladivostok port. Credit: PAAs interest in Arctic shipping grows in South Korea, the country is doing everything possible to enlighten local enterprises on the investment opportunities in ports in the Russian Far East. The government will be holding seminars to advise local businessmen on the regulations and opportunities. The seminars are...
India's Fomento exports first iron ore cargo in three years Indian iron ore being unloaded in China. Credit: PAIndian iron ore miner Fomento Resources has exported its first iron ore cargo since 2012, the company told IHS Fairplay. A Supramax bulker time-chartered to Jaldhi Overseas Pte Ltd, the charter operating arm of India's Bothra Group, was fixed to load the cargo. IHS Fairplay...
Korea P&I sees growth in big ships Korea P&I's COO Bay Moon. Credit: Korea P&IThe Korea P&I Club, which has a low market share among its own country's ship owners, is changing its strategy to seek growth. From next year, the club, whose conservative underwriting policy prevented it from insuring big ships, will take Capesizes into its books. Korea P&I...
EA Technique secures tug contracts amid depressed market E.A Technique's FSOV Nautica Tembikai (ex-Nara). Credit: Daniel FerroMalaysia-listed shipowner EA Technique has secured two tug contracts worth MYR20.45 million (USD4.8 million) amid the challenging oil and gas market environment. Under the first contract, the company will supply two 40-tonne bollard pull harbour tug units to Malaysia-based Kertih Port Sdn Bhd...
Mega alliances bad for shippers, says trade body Credit: PACarrier alliances and larger container ships have been bad news for both shippers and terminal operators, according to the secretary-general of the European Shippers Council (ESC). "Mega alliances of carriers have resulted in reduced choice for shippers," Nick Delmeire told delegates yesterday at the 10th European Inland Terminals conference in...
Heat wave disrupts Port Botany stevedoring Port Botany, Sydney, Australia. Credit: PAFor the second time in less than a week, record heat waves have disrupted wharf and shipping operations at Australia's Port Botany. At 13:10 on 26 November, it hit 38.2 C°. Cranes stopped, as deck foreman could not stay outdoors, according to IHS Fairplay contacts on...
Egypt sets date for completion of East Port Said side channel Egypt set a date for completion of a side channel at East Port Said near the entrance to the Suez Canal that will allow better access to the port from the Mediterranean Sea. The channel will cost USD36 million to dredge and will be complete by the end of June 2016,...
Nicaragua canal construction start delayed to late 2016 HKND chairman and chief executive Wang Jing.HONG KONG - Construction on the $50 billion Nicaragua canal has been delayed again and work will not begin until late 2016, according HKND Group, the Chinese company with exclusive rights to build and operate the waterway.The latest setback comes just two weeks after...
Capesize rates up nearly 60% on week, boosted by storms in China After collapsing to a six-month low, rates rebounded through the week as bad weather caused tonnage to be tied up
VLGC rates see only marginal gains as demand fails to catch alight Consensus is for rates to inch up, but no-one's talking about a spike yet
Yard Talk | CANSI's challenge The head of China's state shipbuilding industry group looks to the market to speed consolidation. Is this realistic?
December GRIs offer respite for Asia-Europe carriers But lines face a struggle to maintain rates at a sustainable level with annual contract renewals on the horizon
Flex LNG seeks ways to add value amid third quarter loss Consolidation is an option, despite summer transaction falling through
Singapore port inks pact with South Korea's ministry of oceans and fisheries MoU to increase collaboration in areas such as safety, security and marine environment protection
Dredging and quay works commence at PSA's Panama terminal A $450m expansion project approved by Panama's National Assembly earlier this year
Nine-month results have no immediate impact on Wan Hai rating says Moody's Moody's expects 2015 revenue to fall 3% year-on-year and stay flat in 2016
Rotterdam court to conduct maritime lawsuits in English Pilot programme will initially run for 18 months
Pacific Basin Shipping forecasts narrower net loss for 2015 Second half earnings likely in line with first half
Exercise caution when using online 'load matching' service Q: I have 10 years' experience working for property brokers (or, as some like to call themselves, 3PLs) as well as international freight forwarders. I recently ran across this new company called XYZ. They offer a service for shippers to connect with carriers in certain local markets. Shippers post their...
Star Bulk in talks on double capesize sale Petros Pappas-led owner in discussions to offload a pair of modern capesize bulkers at north of $80m.
Products tankers party like its 2005 Ton-mile demand growth and MR rates both heading for their best annual showing in a decade, Clarksons Platou says.
Euroseas confirms disposal of boxship Nasdaq-listed Greek shipowner says 1993-built vessel has been sold for demolition.
Erria makes a loss Danish shipmanager's result turns red in first nine months as revenue falls.
More for Indian yards Government extending tax breaks for country's beleaguered shipbuilders.
OH Meling lays up PSV Norwegian owner's Siddis Mariner reportedly added to Europe's idle tonnage mountain.
Star Bulk linked to double capesize sale Petros Pappas-led owner rumoured to have offloaded a pair of modern bulkers in $75m deal.
Wan Hai bucks the trend Taiwanese owner emerges from boxship turmoil with a profit for the third quarter.
Yang Ming suffers in Q3 Container line posts $128m three-month loss as revenue falls.
Latvian trims loss European tanker owner slashes its deficit for the first nine months thanks to strong market.
Chief engineer missing USCG searches for Chilean officer who fell from Turkish cargoship off Puerto Rico.
Thorco adds five Danish owner expands further with acquisition of modern tweendecker quintet.
Saverys seals CMB takeover Bulker owner will be delisted in Brussels next month after owner gains control of 96% of its stock.
Evergreen in the red Falling revenue and higher costs in tough boxship markets push Taiwanese line to Q3 loss.
WWS misses payment Norwegian offshore owner does not have enough cash to pay November's bond instalment.
Flex LNG still looking Fredriksen gas carrier company remains open to other ventures after failure of Exmar merger.
Rotterdam faces strike action by port workers Two new highly-automated container terminals are expected to lead to job losses.
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