UPDATE: Norman Atlantic ferry rescue Italian authorities have confirmed that all remaining passengers and most of the crew have now been rescued from the Norman Atlantic ferry. Crew members have been the last hoisted to Italian coastguard helicopters. Greece's Maritime Minister, Miltiadis Varvitsiotis, also confirmed in a press
Norman Atlantic ferry rescue continues Rescue efforts for the Norman Atlantic ferry off the coast of Corfu are continuing amid high winds and heavy smoke. A fire broke out early on Sunday morning aboard the ro-ro passenger ferry, operated by ANEK Lines, which was 44nm off the coast of Corfu, travelling between the Greek port of Patras
Congo ferry deaths blamed on authorities With many passengers still missing after an apparently overladen ferry capsized on the River Congo on 23 December, local inhabitants are accusing river authorities of poor oversight. Two days after the incident a mob torched river police headquarters amid rising casualty estimates. Ville de
Indonesia hunts missing AirAsia flight Indonesia has committed resources to finding AirAsia flight QZ8501, an A320-200 passenger jet that disappeared yesterday en route to Singapore with 162 people on board. "Ships, planes, and helicopters are looking for the missing aircraft," said Indonesian authorities. However, they added that the
Swissco reports a $1.9M fraud Singapore-listed offshore marine services provider Swissco Holdings (Swissco) has contacted the police over alleged misappropriation of SGD2.58M ($1.9M). Swissco said an employee had falsified company documents to make direct payments over the last three years into bank accounts belonging to
Otto Marine sells AHTS for $100M Singapore-listed offshore vessels owner and operator Otto Marine has sold an anchor-handling tug supply (AHTS) vessel for $100M. Made through one of Otto Marine's wholly owned subsidiaries, the sale was to an unrelated third party. The AHTS is under construction at Otto Marine's shipyard in Batam,
Nam Cheong sells two vessels for $45M Singapore-listed offshore support vessel builder, Nam Cheong, has sold two vessels for approximately $45M. "Despite the recent volatility in global oil prices, which has affected investor sentiments across the industry, the securing of these orders from our repeat customers evidently reveals the
NYK Auto Logistics to ship cars from Pipavav APM Terminals' all-weather port of Pipavav in the northwestern state of Gujarat, India has been chosen by NYK Auto Logistics India (NALI) to operate a finished-car logistics terminal from June 2015. The NYK Group said in a statement that the new terminal, located between Mundra and Mumbai, will
Keppel O&M secures rig contract worth over $100M Singapore-headquartered Keppel Offshore & Marine (Keppel O&M) has secured a contract worth over $100M to construct a land drilling rig for a major operator. The contract was signed by Keppel AmFELS, a US-based wholly owned subsidiary of Keppel O&M, which will undertake the engineering, procurement
BW Offshore's Umuroa gets contract extension Oslo-listed FPSO specialist BW Offshore has secured a one-year contract extension for the lease and operation of the FPSO Umuroa. "The firm period has been extended to the fourth quarter of 2016 from fourth quarter 2015," BW Offshore said in a corporate press release. Currently, the FPSO is
ILWU calls for face-to-face meetings with shipowner bosses Update: Employers renew request for federal mediation to settle US west coast contract talks after union ignores proposal when breaking week-long silence on stand-off
Norman Atlantic P&I picture remains unclear Gard covering crew, West of England passengers and cargo
Norman Atlantic death toll rises Ro-ro ferry had served route for only 10 days when disaster struck
Panama Canal chief plays down threat of Nicaraguan rival Focus remains on improving and expanding existing Panamanian waterway, says Jorge Quijano
US funds emerge in control of Eitzen Angelo, Gordon is now largest shareholder, says Figenschou
Whitelisted shipbuilder Nantong Mingde initiates bankruptcy proceedings Local court agrees to restructuring proposal put forward by biggest creditor Sainty Marine
Ship queues set to lengthen outside LA and Long Beach More than 40 vessels due to arrive over the next three days as congestion continues and ILWU ponders mediation proposal
Dorian LPG secures $500m financing from Korean ECAs Kexim and K-sure to back New York-listed gas specialist's orders for 18 VLGCs at South Korean yards
ILWU targets Oakland for slowdowns, and ships back up at anchor Vessels on Monday were continuing to back up at anchor at the Port of Oakland and truck turn times were three hours or longer now that the International Longshore and Warehouse Union has chosen the Northern California port as its latest target for work slowdowns on the West Coast. "The turn...
Breakbulk carriers face critical year as competition builds Global shipping lines that carry breakbulk and heavy-lift cargo had to navigate choppy waters in 2014, not for lack of cargo, but for rates that were too low for them to make a profit. Breakbulk and project cargo freight rates have been depressed for the last two years, and so many...
Kenya seeking operator for second Mombasa terminal Throughput at the Port of Mombasa jumped 11.5 percent year-over-year in the first half of 2014. Full size chart The Kenya Ports Authority is seeking operators for a new, $300 million terminal at the Port of Mombasa. Mombasa, the largest port in east Africa, has one container terminal that handles just under 1...
NY-NJ terminals won't extend hours, but expect congestion after holiday Most terminals at the Port of New York-New Jersey will not extend gate hours in anticipation of cargo backlogs from the New Year holiday, the port authority announced today. Only Global's GCT Bayonne terminal will extend hours of operation on the days leading up to and following Dec. 31 and Jan....
J.M. Baxi unit wins eastern India container concession United Liner Agencies (India), part of the Mumbai-based diversified logistics firm J.M. Baxi Group, has been selected to upgrade and operate an existing container terminal at Haldia Dock, a sister facility of Kolkata Port Trust. In terms of a 10-year contract, the company will be responsible for "operations and maintenance" of...
UK parcel delivery firm collapses amid intense competition UK parcel delivery firm City Link, which filed for bankruptcy last week, will lay off most of its 2,780 employees in the coming days after failing to attract buyers. The company, which has 53 depots, is the largest casualty so far in an increasingly competitive parcel delivery market struggling to keep...
Forwarders face greater EU liability as e-commerce expands Kay PysdenGrowing e-commerce in the European Union are creating new opportunities for logistics firms but also new liabilities in areas such as product safety, a transport-focused U.K. law firm says. Non-EU manufacturers of a variety of goods selling into the EU market via e-commerce are increasingly relying on logistics firms who...
Japanese government takes major stake in container terminal In a significant policy shift, the Japanese government has become the top shareholder of a company operating the Port of Kobe and the Port of Osaka, collectively called the Ports of Hanshin, to help shore up its sagging international competitiveness. The government took a 34.2 percent stake in Kobe-Osaka International Port...
Higher forecast for box fleet expansion in 2015, Alphaliner says The global container ship fleet could expand by as much as 7.6 percent in 2015 driven by deliveries of extra large vessels and a slump in scrapping of older ships, higher than earlier forecasts, according to Alphaliner. Shipyards are set to deliver vessels with an aggregate capacity of 1.75 million TEUs...
Truck turn times deteriorate at Nhava Sheva Terminal Jawaharlal Nehru Port Trust (Nhava Sheva) is showing no signs of getting ahead of the congestion problems that have plagued India's largest container handler in the past eight months. In a latest trade advisory, the Container Freight Station Association of India said the truck queue leading to Nhava Sheva International Container...
Norman Atlantic death toll soars At least ten people have died in the Norman Atlantic ro-ro ferry disaster and many more could be missing.
CSCL secures subsidies A leading Chinese carrier has secured more subsides from a government-funded programme that rewards domestic owners for scrapping ageing tonnage.
Another one bites the dust Nantong Mingde Heavy Industries (Mingde) is moving forward with plans to pursue a restructuring backed by one of its largest creditors after filing for bankruptcy protection in China.
Death toll rises to 7 The death toll in the Norman Atlantic ro-ro ferry disaster has risen to seven as speculation mounts over the possible cause of the fire.
Ferry evacuation complete Italian rescuers have completed the evacuation of the stricken Italian-flagged ro-ro ferry Norman Atlantic according to Greek coastguard officials.
Spain wins ro-ro deal Spanish shipyard Hijos de J Barreras has been linked to a contract worth more than EUR 125m ($156m) to build a ro-ro passenger ferry with Algerie Ferries.
Ro-ro fires - a sorry history European safety experts have been warning about the vulnerability of ro-ro ferries to fires for years following a series of accidents dating back to 2010.
Tirrenia stake for sale Italian shipowner, Vincenzo Onorato, is ready to buy out his partners stake in former state controlled ferry company Tirrenia.
Boxship demolition slumps Containership scrapping this year has fallen well short of forecast, meaning the fleet will grow faster than expected, says a leading analyst.
Insurers face ferry hit A big claim is facing Italian marine underwriters as they covered most of the $67m insured value of the severely fire damaged ferry Norman Atlantic.
Ferry death toll rises Rescuers have traced four bodies floating on the sea near the stricken Italian-flagged ro-ro ferry Norman Atlantic, Greek coastguard officials said, bringing the death toll from the burning ship's accident to five.
Pyrrhic victory warning A warning that a Norwegian court ruling in favour of bulk carrier operator Western Bulk may not put funds into the company's coffers has been given in a stock exchange notification.
Owner defends fire hit ferry Italian shipowner Carlo Visentini has defended the state of the ro-ro ferry at the centre of an ongoing rescue operation in the Adriatic Sea.
Six crew feared lost Six crew members from a Turkish general cargoship that sank following a collision off Italy are feared lost.
Posidon up for auction An auction date has been set for the second of two Tristar Management ships that have been languishing under arrest in Singapore since October.
Repair tie-up in Japan Kawasaki Heavy Industries (KHI) and Mitsui Engineering and Shipbuilding (MES) have agreed on a tie-up in their ship repair business starting in April next year, writes Irene Ang from Singapore.
Nam Cheong sells two Singapore-listed Malaysian shipbuilder Nam Cheong has ended the year on a high note with two of its regular customers acquiring two ships worth $45m in total.
Otto sells again Singaporean shipbuilder and offshore player Otto Marine has sold an AHTS newbuilding currently under construction to undisclosed interests for $100m.
Jakarta box port planned Asian liner industry majors PSA International, Mitsui & Co and NYK Line are teaming up with Indonesian port operator Pelabuhan Indonesia II (IPC) to develop a new container terminal at Tanjung Priok, the port for Jakarta.
Oil prices may continue falling throughout first half of 2015 Prices slipped to five-year low on Monday.
Shipyards 'will continue' to market eco-ships Despite falling oil prices.
Aegean set to supply in LA, Long Beach Will provide IFO and LSMGO products.
US Gulf port closes due to heavy fog Freeport will remain closed until further notice.
Rough weather shuts down Turkey's Dardanelles Strait The Bosphorus Strait, however, remains open.
Cruise line wins 'temporary relief' from ECA rules 'Trial programme will give valuable information on developing emissions control technologies,' says EPA.
Trading house buying 'unusual volumes' of fuel oil Mercuria has been taking on staff from the bankrupt OW group.
'Trust is gone' within the bunker industry OW's collapse has left uncertainty and fear, says head of large global player.
Baltic ferry operator says low sulphur fuel is 'simplest option' 'What we will do at this point is just use more expensive fuel.'
Congestion puts pressure on bunker operations CPC unable to accept new bunker orders at Taichung.
Hybrid-electric newbuild finds buyer Singapore-listed shipbuilder wins $100 million deal.
Marine fuel spill at Canadian port Tugboat sank with 22 mt of fuel onboard.
Hambantota releases bunker sales figures Facilty gaining foothold within marine fuels industry in South Asia.
Swedish port 'ready' to employ SOx detection device Device seeks to 'sniff out' ships cheating on bunker sulphur content.
Lower bunker prices to benefit Malaysia shipping firm Current bunker fuel cost could increase group's profit margin by 7% to 8% if freight rates hold steady.
'Lack of information' may harm Nicaragua Canal project Head of Nicaragua's construction industry says speculation has 'created a lot of doubt'.
Chinese bunker supplier halts trading 'Major event' behind week-long halt in trading on SSE.
Fire damages oil storage tanks at Libyan port Two ports closed dut to ongoing clashes between pro-government fighters and opposition forces.
Consortium submits $740 million cost overrun claims, says ACP In relation to work on the Panama Canal expansion project.
Cargo ship sinks off Japanese coast Incident claims lives of three crewmembers.
Royal Caribbean to plug into Port Metro Vancouver's shore power Initiative has helped port reduce 11,000 tonnes of GHG emissions since 2009.
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