Van den Herik christens TSHD Charlock On Saturday 6 February, Van den Herik Sliedrecht christened its new trailing suction hopper dredger (TSHD) Charlock during a ceremony in Harlingen, the Netherlands. Struijk Anke van den Herik, daughter of founder Jan Hendrik van den Herik and...
China vessel deliveries in 2015 point to changes this year The Chinese bulker building industry is by far and away the country's strongest shipbuilding sector. More than 300 bulk carriers were built in 2015, in excess of 200 more than any other vessel type. Supramax vessels were the largest group, with 139 ships coming into service from Chinese yards. IHS...
Western Bulk completes sale of chartering business Western Bulk, the listed Norwegian dry bulk shipping company to be known as Bulk Invest ASA, says it has executed a sale agreement of its 100%-owned subsidiary Western Bulk Chartering with Kistefos Equity Operations AS following an accelerated auction process involving identified interested parties. Western Bulk also transferred...
Container freight rate fall accelerated in December The fall in container freight rates accelerated in December, figures released today by Container Trade Statistics (CTS), the UK based consultancy show. The CTS freight rate index, which includes both spot and contract rates, fell by two points to 68 in December from...
Maersk Line vessel rescued from pirates by Nigerian Navy Maersk Line confirmed today that one of its containerships and its 25-strong crew were saved by the Nigerian navy after pirates boarded and took control of the vessel off the Nigerian coast last Friday. In a statement released to IHS Fairplay, the group said that...
The ship with its 19,000 containers veered off course and ran aground in the channel on 3 February due to...
Tanker Investments launches second USD60 million share buyback Oslo-listed Tanker Investments, a company set up by the Teekay group to invest in second hand tankers, has decided to launch a second USD60 million share purchase programme after it enjoyed a record quarter in 4Q15. The company's CEO William Hung said in a statement that...
Dole strengthens reefer ship fleet US-based Dole Food Company has phased the first of a new generation of self-sustaining vessels into scheduled service between California and Latin America, heralding a major commitment to the modernisation and strengthening of its all-reefer container carrying capacity. The 27,500 dwt Dole Pacific has been designed to...
Ship banned from Australian ports for a second time Indonesian flagged, general cargo vessel Noah Satu has been banned from entry to Australian ports for a second time after breaching safety and crew welfare requirements. Australian port state control (AMSA) yesterday announced it had directed the vessel not to enter or use any Australian port...
Diamond Offshore fourth quarter hit by impairments Rig owner looks to sell jack-up fleet
Hartmann confirms six single-ship companies insolvent Entities behind supramaxes Laguna, Lemessos, Limas, Livorno, Longkou and Luzon in receivership
Nordic American Tankers reports $30m fourth quarter profit Company turns historically strong results but overall performance hampered by rising off-hire days
VLCCs and suezmaxes to load US crude US port prepares to load US crude on the largest tankers, marking a significant development in this new trade
Tough two years in store for P&I, warns AM Best Low interest rates and mounting fixed premium challenge will take toll, as struggling owners seek to pare insurance outlays
Impairments drive BW Offshore into $234m loss Three units redelivered as oil price slump affects customers
Hannover Re scales back marine and aviation books German reinsurer grows North American book as indications that market is 'bottoming out'
Handysize index slides further to fresh record low Little optimism in market
Low bunker costs challenge container lines' logic Models for slow steaming and larger tonnage both called into question by cheap bunkers
Diana agrees time charters at lower rates Contracts at much lower rates due to depressed state of dry bulk market
Small investment firm Kopernik emerges as 5% shareholder of Safe Bulkers Plunging share price and a dry bulk industry at cyclical if not historic lows cited as main reasons to acquire stake in the company
Ahrenkiel parent MPC sees big jump in bottom line Successful integration and real estate activities contribute to 85% jump in earnings before tax
CSCL Indian Ocean readied for Tuesday towing attempt Tugs will attempt to float grounded giant boxship tomorrow morning
DP World's group chairman appointed as chief executive 2015 volumes rise by 3%, driven by European and UAE terminals, despite fourth-quarter sag
Tanker Investments forecasts record earnings and announces new buyback Oslo-listed owner announces $60m share repurchase programme
Marco Polo Marine sees sharp fall in quarterly profits Offshore vessel builder and charterer feels pinch from slowdown and divestment of BBR
Maersk vessel released after brief hijacking off Nigeria All crew safe on Safmarine Kuramo, according to Singapore's MPA
A haven in time of trouble The EU has provided welcome focus on the need for guidance on places of refuge
Edison Chouest to launch Gulfport yard Offshore vessel owner spending $68m to set up TopShip at Mississippi port.
Navig8 adds to Chronos8 MR pool Laurin Maritime's 50,000-dwt products tanker Cavatina signs up with shipmanager.
Intertanko welcomes back Iran fleet Communique on readmittance sent after last week's general meeting.
US government adds complaint to ISS suit Counts against Inchcape Shipping Services include allegations of false claims and fraud.
Bonheur dodges bullet as global shares crash Merger with Ganger Rolf places Fred Olsen company among the few climbers on bad day for equities.
Iran to sell 300,000 bpd into Europe Scale of post-sanctions tanker shipments revealed by country's oil minister.
Havyard battles order drought with new pact Norwegian shipbuilder says Kristian Steinsvik will lead its new research and development initiative.
DP Marine offloads anchor-handler to Nigeria Singaporean owner left with two ships after latest sale to African company Beks Kimse.
Royal Caribbean ship battered by storm Minor damage to public areas but no major injuries on Anthem of the Seas.
Halul axes AHTS double at L&T Qatari owner cancels order for two offshore ships contracted in India in 2013.
Havyard battles order draught with new pact Norwegian shipbuilder says Kristian Steinsvik will lead its new research and development initiative.
DP World prospers and boosts chairman's role Global terminal operator sees 3% rise in volumes for 2015 as Ahmed Bin Sulayem gets expanded role.
Precious falls further into the red Thai bulker owner hurt by losses on vessel sales and impairments as 2015 deficit grows.
CMA CGM adds capacity on Caribbean run French container line bringing in bigger ships for service from northern Europe.
Havyard battles order draught with R&D project Norwegian shipbuilder says Kristian Steinsvik will lead its new research and development initiative.
Avance payout in focus after fourth quarter Analysts differ over how VLGC owner's dividend will look after strong finish to 2015.
Crewman killed by fumes on tanker Two other seafarers injured during tank cleaning on Palmali vessel off Italy.
DP World prospers and gives CEO role to chairman Global terminal operator sees 3% rise in volumes for 2015 as Ahmed Bin Sulayem gets expanded role.
Toei Reefer Line profit cut Japanese owner hit by lower revenue in first nine months; annual forecast unchanged.
BW Offshore dented by the oil downturn Oslo-listed FPSO owner reports loss for the fourth quarter and the full year due to a big impairment.
ITF: crew eviction 'a national error' Union blasts Australia for removing domestic seafarers from CSL bulker.
12 tugs to pull CSCL boxship free Armada assembles in the Elbe to refloat huge vessel stuck since 4 February.
NAT cashes in on strong suezmax market Herbjorn Hansson-led owner books improved profit but Wall Street had expected more.
Precious scraps as owners lose balancing act Thai owner sheds handysize as deliveries overpower scrapping in first weeks of 2016.
Fred Olsen merging two holding companies Combination of Bonheur and Ganger Rolf will increase efficiency, Norwegian group believes.
MPC Capital boosts 2015 earnings and revenue German boxship specialist helped by property and Ahrenkiel takeover last year.
Mipo scoops Korea's only January order Shipbuilder revealed to have won tanker contract at the end of a bleak month.
TIL looks set to disappoint despite "record earnings" Oslo-listed tanker owner also set to launch a second round of share buy-backs worth $60m.
Tanker Investments Q4 results set to be a blockbuster Firm spot rates and fully operational fleet drive earnings as company reveals more share buy-backs.
MOL, Maersk and MSC combine on Asia-South America service Trio trim capacity on route to reflect decrease in cargo demand between China and Brazil.
Italian authorities detain Russian ship Donrechflot general cargoship Sibirskiy-2112 cited for living conditions and alleged electrical deficiencies.
Asset sales and tough market dog Marco Polo Singapore-listed OSV operator and shipbuilder just scrapes a profit in the first quarter.
CORRECTION: Malaysia's Raya International proposes to raise capital to expand bunkering operations The capital is earmarked to purchase marine gasoil.
Egypt's Ain Sokhna port to be upgraded with funds from European bank Egyptian terminal company Sonker is set to receive a nearly $350 million loan to upgrade its infrastructure.
Oil futures fall on dollar rebound, despite US oil rig drop A rise in the US dollar led oil futures lower Friday, with crude futures settling just above intraday lows.
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