Technology trends will transform our interaction by 2030 The "Global Marine Technology Trends 2030" report launched today recognising that the future is becoming increasingly focused on automation. Speaking at London International Shipping Week, Luis Benito, global maritime marketing director at Lloyd's Register said, "The marine world in 2030 will be
Delivery of Allseas giant offshore vessel delayed until next year Delivery of the 382 m by 124 m offshore platform installation and decommissioning vessel Pioneering Spirit (ex-Pieter Schelde), which was billed as the world's largest ship when it arrived in Rotterdam in January, has been delayed until next year. The vessel, which had been due into service in the
Three banks sign loan deal with IMC The government-affiliated Japan Bank for International Cooperation (JBIC) and two private banks have signed a syndicated loan agreement worth USD120 million with Singapore-based major shipping firm IMC Holdings. The agreement was signed on 4 September and the USD120 million loan will finance the
Baleària chooses La Naval for €350 million LNG pair Spanish islands ferry operator Baleària is to place a EUR350 million (USD390 million) order for two LNG-powered ferries from Spanish Basque country shipbuilder La Naval. The two vessels, which will measure 225 m by 30.4 m, will be the two biggest vessels ever built by a Spanish shipyard, as well as
MLC assistance card launched for seafarers A scheme has been launched that will enable seafarers to check the insurance cover offered by their employer. Specialist marine insurance intermediary Seacurus has created the Seafarer Assistance Card scheme, which will provide mariners with access to the CrewSEACURE web portal where they can check
Global Ports set to take 31% stake in Valletta Cruise Port Turkish port operator Global Ports Holding, part of the Global Yatirim conglomerate, has signed a binding agreement to acquire a 30.79% stake in Maltese cruise terminal operator Valletta Cruise Port (VCP). Completion of the transaction depends on completion of legal and administrative procedures,
Global port operators to go green Five of the world's largest terminal operators have joined with the Port of Rotterdam to promote environmental awareness in ports and shipping. Under an initiative called Go Green they aim to bring about sustainable environmental improvement in the communities in which their operations are located.
LISW: UK government will do 'whatever it takes' to keep London maritime status London International Shipping Week (LISW) opened this morning at the London Stock Exchange (LSE) with the Department for Transport pledging to 'do whatever it takes' to ensure London remains a leading maritime centre. "We are ready for growth," Robert Goodwill MP, parliamentary under-secretary of
HHI workers strike, more strikes to follow Workers at Hyundai Heavy Industries (HHI) went on strike on 4 September and are planning more industrial action this month. From 0800-1200hrs local time on 4 September, HHI workers refused to work, causing the world's biggest shipbuilder to suspend production at its Ulsan yard. That followed a
July container freight rates in second monthly rise Container freight rates staged second consecutive rise in July and they rose to their highest level since March this year, show figures released this morning by Container Trade Statistics (CTS), the UK based consultancy. The CTS Global Aggregated Price Index, which entails both spot and contract
At least 50 dead after migrant boat sinks off Malaysia The death toll has risen to 50 in the migrant boat sinking off Malaysia on 3 September. According to Malaysian Maritime Enforcement Agency (MMEA) official Mohamad Aliyas Hamdan, the agency has retrieved another 35 bodies since 4 September off Selangor, Malaysia. The agency had rescued 20 survivors
China's vessel exports' growth drops to 10.2% y/y in first seven months China's vessel exports' growth slowed further down to 10.2% year on year (y/y), with total exports at USD16.8 billion in the first seven months of 2015, according to Chinese customs statistics. In July alone, the exports decreased 4.6% y/y to USD2.1 billion, the customs said. The vessel exports
Brightoil Petroleum predicts increase in full-year profit Hong Kong-listed Brightoil Petroleum predicted that the group is expected to record an increase in profit during the fiscal year ended 30 June compared with last year. The anticipated increase of profit was due to the improvement of overall business sectors of the group, a stock filing of the
China Classification Society forms branch in South Africa China Classification Society (CCS) on 4 September opened a branch in Cape Town, South Africa. The new branch is expected to enhance co-operation on shipping, shipbuilding, as well as ship maintenance with African countries, said the branch's newly appointed general manager Xu Xiao. Classification
VLCC rates show strong rally, but outlook remains uncertain Benchmark Middle East-East Asia rate up by than 20,000 per day over past two weeks
Paragon will take its time over ATM fundraiser, says Bodouroglou Chief executive bought part of Box Ships stake sold as bulker owner aims to boost liquidity
Top world shipowners pushed for MCA reform, says Goodwill High-level meeting held at 10 Downing Street, according to shipping minister
Debt purchases by private equity will ramp up Expect a rise in private equity debt purchase activity, with opportunities in struggling dry bulk and offshore, predict top lawyers
Handysize outlook brightens on cargo demand BHSI has outperformed BDI since early August due to healthy grain and minor bulk demand
Eletson Gas confirms LPG orders at Hyundai Mipo Two 38,000 cu m ships plus one ethylene carrier added to joint venture's orderbook
Asia-Europe box volumes continue to slide Disappointing start to the peak season as traffic falls 7.1% from last year's level
UK government and industry leaders call for reform of ship register Maritime Growth Study sets out case for more commercially minded MCA
Hyundai Heavy workers gearing up for new strikes Two additional partial strikes will occur on September 9 and 17, following breakdown in talks on wages and working conditions
Exmar's profit declines ahead of launch of new company Start-up of Exmar LNG on track for third quarter
Spot market continues to bring little joy for carriers First-half financials show full impact of wretched rates, reports Linton Nightingale
Between the lines - West Coast woes and capacity cuts In his regular column, SeaIntel chief executive Alan Murphy examines and analyses the main industry drivers and developments of the past month
UK needs action on leadership, skills and marketing, Maritime Growth Study finds Significant alterations put forward for status and running of the Maritime and Coastguard Agency
Growth study set to recommend MCA shake-up Maritime UK welcomes report due for publication today
Chinese ports withhold release of more than 10,000 Nan Tsing containers Major shipping ports detain around 40 containerships
London Stock Exchange opens UK shipping celebrations London International Shipping Week kicks off with the opening of the London market and an open invitation for shipping to list in London
Paragon Shipping seeks to raise $4m in equity capital Beleaguered shipping company plans a continuous at-the-market offering, but it is unclear how it will help pay for its remaining capital expenditures
Solvang orders panamax pair at HHI LPG carrier duo to be delivered into 10-year oil major contracts
Charter market hits a 'brick wall' Seasonal blip lingers but brokers remain optimistic for a turn in fortunes, reports Linton Nightingale
Shares in Sinotrans and China Merchants jump on merger speculation A merger of the state giants would produce a combined company with about a third of the capacity of pending tie-up between Cosco and China Shipping
Another Avance newbuild VLGC to go straight for repair in drydock Chief executive shrugs off latest incident with China-built VLGC, but dry-docking the ship will cost Avance $400,000
Hanseatic Unity brings together Oldendorff, Schulte and Toepfer families Joint venture will start life as top three German chartering company
Saverys to take CMB private Major stakeholder Saverco intends to buy all remaining shares of CMB that it does not own and delist the entity
Cold comforts Many of the practical and operational challenges in the Arctic can be boiled down to the paucity of expertise
London's international future Despite a rise in competition, the elements that have made London succeed in the past will continue to do so until they are successfully replicated elsewhere
Russia's slowdown hitting ports in Baltic neighbors The Port of Tallinn, Estonia.Ports in the Baltic states of Latvia, Lithuania and Estonia are feeling the effects of Russia's economic slowdown as they serve largely as transshipment locations into Russia. Container traffic at seaports in Latvia, Lithuania, and Estonia fell 14 percent in the first half of the year on...
APMT Pipavav handles largest ship to date The Maersk Saltoro being unloaded after its first call at Pipavav.Gujarat Pipavav Port last received a call from the Maersk Saltoro, reportedly the largest container ship ever to call at the APM Terminals facility on India's west coast. The vessel has a capacity of 9,971 20-foot-equivalent units and is 981 feet...
Pilot strike to ground Lufthansa Cargo flights on Sept. 8 A pilot strike on Sept. 2 will keep Lufthansa Cargo planes on the ground.HONG KONG - Lufthansa's long-haul and freighter flights out of Germany will be grounded by an all-day pilot strike in Tuesday, Sept. 8, as the cockpit crew union calls its 13th walkout in 18 months.A long-running dispute...
Demise of China's Nan Tsing line leaves boxes stranded HONG KONG - It appears China's Nan Tsing Container Lines has now gone out of business after the debt-strapped domestic carrier reportedly stopped all operations at the weekend, leaving tens of thousands of boxes stranded across the country.The containers have been detained at China's ports that were called at by...
Capacity cuts tackle rate war, but more is needed, Drewry says HONG KONG - The unprecedented decision to cut capacity during the traditional peak season of the year brought to a halt the rate slide that started in March and by June had developed into a full-blown rate war among the carriers, according to Drewry. By the end of the first...
India's fresh produce wastage tops 40 percent, top shipper says India's big supermarkets are unable to compete with the well-managed supply chains of the country's street hawkers.HONG KONG - India's fragmented distribution system and lack of packaging standards are contributing to an estimated $2.2 billion in wasted fruit and vegetables every year, according to one of the largest cold chain...
Stolen box found sans $10 million in silver after Montreal port heist Police issued this Port of Montreal surveillance footage of the stolen truck.A shipping container stolen from Montreal's port last week was found parked in a city suburb north of the island of Montreal, minus the $10 million in silver it was supposed to have been carrying.The Maersk Line container was...
Technomax ships on way A new report examines the technologies that could make the biggest changes to shipping by 2030.
Scandlines marches on A busy summer has pushed up Scandlines' traffic figures for the first half of the year.
A new hope for UK shipping? Transport minister Robert Goodwill pledges to act on industry's maritime growth study, but what's really in it for owners, brokers, lawyers and insurers?
CMB shares soar Shares in Compagnie Maritime Belge (CMB) took flight today on the Brussels Stock Exchange, hot on the heels of a bid to take the company private.
TM enhances law business UK insurance services provider Thomas Miller has acquired compatriot specialist marine law firm Davies Johnson & Co of Plymouth.
TTA plays it safe Bulker owner Thoresen Thai Agencies (TTA) is taking a cautious approach to investment as it monitors the Chinese showdown.
German companies "safe" Germany has reassured domestic shipowners that they will not face an insurance tax burden when the parliament votes on law changes in October.
Paragon raising $4m Greek bulker owner Paragon Shipping has struck a share sale deal that could bring in $4m.
Greece needs migrant ships The Greek government said on Monday it will hire at least two ships as soon as possible to house and transport thousands of migrants and refugees currently swamping its islands.
Exmar profit chopped Exmar has booked smaller profit for the first half of the year as it saw its revenue dip.
Mipo streak continues South Korea's Hyundai Mipo Dockyard has won its third order in a week, clinching a deal for four car carriers.
Solvang orders VLGC pair Solvang has ordered a pair of panamax VLGCs and fixed them to an oil major in a deal that demonstrates the uncertainty of shipping players over the new Panama Canal.
Polarcus builds book again Middle East owner Polarcus has clinched its third 3D seismic survey contract in a week.
Eight critical after blast Eight yard workers have been critically injured in a blast at shipbreaker Shital Enterprise in Bangladesh.
Ridgebury buying back US owner Ridgebury Tankers is planning to redeem $10m of its $210m Oslo bonds due in 2017.
IMC seals JBIC funding IMC Holdings has secured export credit financing for a series of multi-purpose vessels ordered late last year in Japan.
Modest China steel growth Rio Tinto says China's steel production will "grow only modestly" over the next 15 years reaching 1bnt by 2013.
UASC boosts Africa offering United Arab Shipping Company (UASC) has bolstered its liner services to West Africa in a bid to tap into the expanding market.
Sex and shipping? We take a look at what was said in the market over the past week.
Gibraltar to showcase at Shipping Week Port authority has organised events as part of London International Shipping Week.
Upbeat outlook for Scanlines Hybrid tonnage to come on-stream in second half of year.
Cruise sector unlikely to face fresh environmental pressures Queensland official says he is 'unaware' of any health issues.
Factory fishing vessel gets Wartsila engine Unit designed for operating conditions in Barents Sea.
New Zealand set for 'bumper' cruise season But industry association warns about costs.
AADA reduces bunker surcharge On Asian-Australian routes.
Award for Cye Petrol 'We are a quality oriented physical bunker supplier,' says general manager Eraydin.
Iran, Oman in economic pact Includes bunkering among economic areas of interest.
Mississippi river reopens to traffic after spill Traffic has been restricted to one-way, says USCG.
P&I clubs warn of pirates attacking more ships In busy Singapore Straits.
Brightoil: Improved performance Due to 'improvement of overall business sectors'.
Bunker demand builds in Panama Marine fuel sales volume grew 30% during the first seven months.
Libya: Tanker detained over alleged fuel smuggling Second Maltese vessel caught off Zuwara in two weeks.
P&I clubs: Pirates adding more targets to attacks Advises officers and crew to be 'extra vigilant'.
Brightoil: 'Positive profit alert' Due to 'improvement of overall business sectors', it says.
Bunker demand builds up in Panama Marine fuel sales volume grew 30% during the first seven months.
Marine fuel management in 2015 What to look out for in general, with a special focus on fuels from the Mediterranean and Black Sea.
HK emissions regulations drive surge in additives demand Additives can address lubricity issues arising from low sulphur fuel, and reduce visible smoke.
Blue economy vital, Mauritian leader tells conference Includes bunkering in development plans.
Falling crude prices could 'benefit' OPEC next year Competitors 'damaged' by plunging prices may 'fall off' in 2016.
Investors walk out on Titan Petrochemicals deal New investors did not complete subscription agreements for shares.
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