UK Chamber of Shipping warns against complacency over "recovery" seafarer stats The UK Chamber of Shipping has warned that positive new statistics on UK seafarer numbers should not "mask" the challenges facing UK shipping. The statistics, brought out by the UK's Department for Transport (DfT),...
Euronav bullish after highest quarterly result since 2008 Antwerp-based tanker operator Euronav was in bullish mood today as it announced its best quarterly result since the third quarter of 2008 and predicted "further progress" in the current year. The operator, which issued a protest against what it saw as an unjustified fall in its share price earlier this month,...
Ezra Holdings at risk of liquidity crunch As oil prices continue to trend downwards and demand for offshore support vessels weakens, Ezra Holdings' asset values could continue to depreciate, putting it at risk of a liquidity crunch. This was the opinion of...
Optimised Schilling® twisted trailing edge rudder The improvement of energy efficiency in the global shipping industry is one of the sustainable goals of the Becker Marine Systems company. The world market leader for high-performance rudders is presenting a new rudder profile, the optimised Schilling® Twisted Trailing Edge (Schilling® TT) Rudder. Two years following the successful development of...
New records mark year of growth at Marseille Fos Container traffic was up by 3.5% to 1.22 million teu and by 4% in tonnage terms to 11.7MT - marking three consecutive years of growth when box volumes have increased by a cumulative 15% under the port's 'alternative southern gateway for Europe' strategy. The port authority said 2015 statistics confirmed...
WODCON XXI in Miami in June Join the Western Dredging Association (WEDA) in Miami this June as it hosts the 21st World Dredging Congress and Exposition (WODCON XXI). Considered the most important and anticipated event for dredging professionals worldwide, WODCONs are the only global event dedicated exclusively to dredging and maritime construction. The conference will take...
When dangers at sea draw the right attention At the launch of Seafarers Awareness Week in London, UK, last night, an event aimed at increasing the country's maritime personnel recruitment and retention, it was refreshing to see that the event's organiser, Seafarers...
Prestige master sentenced to two years in prison Spain's Supreme Court has sentenced the former master of the Prestige oil tanker to two years in prison for his role in the environmental disaster created by the loss of the vessel and its cargo off the northwest coast of Spain in...
New CEDA Environment Commission chairman Since October last year, CEDA's Environment Commission (CEC) has a new chair. Frederik Roose of the Maritime Access Division of the Flemish Ministry of Mobility and Public Works, Belgium succeeds Polite Laboyrie, Witteveen+Bos, the Netherlands, who has been chairing the CEC for 8 years and who moved on to CEDA...
Farstad Shipping to cut head office costs to combat weak market Farstad Shipping, the listed Norwegian offshore services vessel operator, says it has started a process with the aim of reducing administrative expenses at the group's head office in Aalesund. "The employees have today been informed about the process, which will conclude by the end of February 2016,"...
IOC takes two BW VLGCs on charter for two years As freight rates to ship LPG on very large gas carriers continue to head north, Indian Oil Corporation has reportedly fixed two VLGCs from BW Group for up to two years, brokers tell...
Lamprell takes Sembcorp Marine's place in HHI's venture with Saudi Aramco United Arab Emirates-based oil rig engineering service provider Lamprell Plc has taken Singapore rig builder Sembcorp Marine's place in Hyundai Heavy Industries' (HHI's) shipbuilding venture with Saudi Arabian national oil company Saudi Aramco. Under the deal, all three parties, together with Aramco shipping affiliate Bahri, will build a shipbuilding complex in Saudi...
JNPT reports flat throughput after year of labour and congestion problems India's largest container port, Jawaharlal Nehru Port Trust (JNPT), handled 4.48 million teu in 2015, representing growth of just 0.1% over the previous year. JNPT was beset by labour and congestion issues for much of the year. Figures from the Ministry of Shipping show India's largest container...
India pumps USD2.1 billion into major ports as throughput expands Investment in India's port infrastructure will reach USD2.1 billion in fiscal year 2015/16 and add 162 million tonnes per annum (MTPA) of new capacity to the country's 12 largest ports, according to the country's Ministry of Shipping. "The focus is on improving the existing port...
Keppel and BG Group win Singapore LNG bunker licence Keppel Offshore & Marine (Keppel O&M) and BG Group have been jointly awarded the first issued licence by the port of Singapore to supply Liquefied Natural Gas (LNG) bunkers.With the licence, the Singapore-based Keppel O&M and UK-based BG Group will establish a...
Cut old Capsizes by half or stay in the red, warns Drewry Dry bulk shipowners must cut half the Capesize capacity over 12 years old if they want to return to profitability within two years, is Drewry's assessment of an industry burdened by chronic overcapacity and falling demand.The London-based analyst said dry bulk shipping was facing a perfect...
First cyclone of the season forecast for Australia's Pilbara Ships are evacuating Australian Pilbara port of Dampier and Port Hedland in anticipation of the first cyclone of the season. Pilbara Ports Authority (PPA) issued a cyclone advice at 10:15 h local time on 28 January, announcing it had commenced evacuating the...
Shipowners have only themselves to blame The excess capacity of ships in most sectors comes from reckless disregard of economic fundamentals
European Commission backs voluntary places of refuge guidelines Non-binding code now available for member state adoption
ITF helps 'penniless' Seaman Guard Ohio crew as appeal is lodged ITF clarifies assistance as crew and guards lodge appeal against court decision
Australian LNG to head to Europe this year LNG fleet should get ready for new trade lane as Australian cargoes are set to be shipped very far
Banks tighten screws on offshore sector Leading lenders forecast more difficult financing environment for offshore players
Cyclone forces evacuation at Pilbara dry bulk terminals Tropical low pressure heading towards coast disrupts port operations
Kirby Corp results take a knock from marine transportation and diesel engine businesses Depressed commodity and crude prices hit both business segments
Rescue vessels attend stricken Modern Express as list worsens Ship continues eastward drift in Bay of Biscay towards France
Marseilles-Fos posts record year for container traffic Box volumes up 3.5% to mark third successive year of volume growth
New York/New Jersey braced for further delays Port authority expects a two- to three-day lag in getting cargoes through
Euronav reports $350m net profit for 2015 Belgian tanker owner reports solid fourth quarter and an even stronger start to 2016
RCL takes slots on Wan Hai Lines new China-India service Thai carrier says new service to start in late February
Greek owners pledge that European tax assault will not topple them Veniamis calls heat from Brussels 'the height of hypocrisy'
Product tanker rates slide across most benchmark routes Ample tonnage availability and lacklustre gasoline and diesel markets weigh
Product tanker rates may be hit when tonnage switches from dirty to clean Hånell: More product tankers will likely switch back to carrying clean cargo in 2016
India's JNPT reports record container throughput for 2015 The 4.48m teu figure for 2015 highest since port started operations
Indian authorities to invest $2.1bn on port initiatives Shipping ministry to award 30 port upgrading projects over 2015-2016 work year
Judicial manager to sell five Mercator Lines Singapore vessels to creditors Vessels scheduled for delivery by February 2016
VLCC rates still down amid Korean spree Average VLCC rates sink 10% in one day but eastbound market shows better signs.
Exmar's profit falls on weaker rates The Nicolas Saverys-led company cites weak rates for small gas carriers.
Low prices not slowing US LPG exports Energy logistics firm notes bigger share of Asia's LPG market, but crude exports not viable.
Strong earnings drive up shipping stocks Costamare and GasLog Partners results aid stock prices with Euronav also on the rise.
Concordia in talks to settle $21m dispute Swedish owner attempts to resolve issues linked to 2012 grounding in Hudson River.
Concordia clocks up best year since 2001 Chief executive Kim Ullman attributes higher profit to strong market and chartering strategy.
Wilson sells old mini-bulker for profit Oslo-listed owner disposes of 1979-built ship to Romanian company for $750,000.
Petrobras shakes up contract oversight As company cuts management jobs and improves compliance, single division to run all tenders.
GasLog MLP boosts payout on record profit LNG carrier owner hikes dividend thanks to strongest quarter ever; expects busy 2016.
Burke: Oil war of attrition is no game Ridgebury Tankers boss is not expecting oil producing nations to turn down the tap.
Yangzijiang acquires investment fund Singapore-listed shipbuilder takes over Chinese equity company for around $30m.
ITF slams victimisation of Mangouras Union says "innocent" Prestige captain should not be jailed again by Spain.
Glencore oil storage deal not the last Fearnleys says more ships could find similar work after Glencore said to have tied up four VLCCs.
Broken bulker to be scrapped on-site Towing and scuttling idea dropped as Mexico comes up with new plan for grounded Los Llanitos.
Golden Union linked to cape duo buyback Greek owner said to have paid more than $70m for two Hanjin-built bulkers which it cancelled last year.
Stolt Nielsen cautious on tanker oversupply Oslo-listed owner makes more in 2015 but commits to conservative management due to big global orderbook.
Korean yard losses tipped to narrow Analysts say HHI, DSME and Samsung to improve in Q4, but prospects still grim.
Euronav books best quarter since financial crisis Paddy Rodgers-led owner books first annual profit since 2010 with 2016 starting strongly.
Van Oord adds dredger at Dutch yard Owner signs up for new cutter suction vessel at Royal IHC.
CSSC Shipping adds bulker at group yard Chinese state shipbuilding group contracts 38,000-dwt ship for own account.
"Drastic" bulker scrapping needed as owners face perfect storm Drewry says profits could be achieved by 2018 if owners scrap half of all capesizes over 12 years old.
Indonesia seeking mini-LNG vessel Bidders may be forced to look to newbuildings due to shortage of vessels meeting bid's size criteria.
Mohammed Sharaf quitting DP World Group Dubai port giant to seek new CEO after veteran ends 23-year stay at company.
Swiber seeks backing to loosen bond covenants Singapore-listed offshore firm embarks on consent solicitation exercise to avoid potential breaches.
Kirby quarterly result misses estimates Barge operator sees results pulled downward by lower crude oil prices.
Desmi to appeal US ballast water rule US Coast Guard says life and death, not reproduction, standard for ballast treatment.
Singapore set for LNG bunkering from 2017 Pavillion Gas and BG joint venture with Keppel emerge as successful bidders in licensing round.
Kirby results miss estimates The barge operator sees results pulled lower by lower crude oil prices.
UK Chamber of Shipping warns against complacency over "recovery" seafarer stats The UK Chamber of Shipping has warned that positive new statistics on UK seafarer numbers should not "mask" the challenges facing UK shipping. The statistics, brought out by the UK's Department for Transport (DfT),...
Euronav bullish after highest quarterly result since 2008 Antwerp-based tanker operator Euronav was in bullish mood today as it announced its best quarterly result since the third quarter of 2008 and predicted "further progress" in the current year. The operator, which issued a protest against what it saw as an unjustified fall in its share price earlier this month,...
Ezra Holdings at risk of liquidity crunch As oil prices continue to trend downwards and demand for offshore support vessels weakens, Ezra Holdings' asset values could continue to depreciate, putting it at risk of a liquidity crunch. This was the opinion of...
Optimised Schilling® twisted trailing edge rudder The improvement of energy efficiency in the global shipping industry is one of the sustainable goals of the Becker Marine Systems company. The world market leader for high-performance rudders is presenting a new rudder profile, the optimised Schilling® Twisted Trailing Edge (Schilling® TT) Rudder. Two years following the successful development of...
New records mark year of growth at Marseille Fos Container traffic was up by 3.5% to 1.22 million teu and by 4% in tonnage terms to 11.7MT - marking three consecutive years of growth when box volumes have increased by a cumulative 15% under the port's 'alternative southern gateway for Europe' strategy. The port authority said 2015 statistics confirmed...
WODCON XXI in Miami in June Join the Western Dredging Association (WEDA) in Miami this June as it hosts the 21st World Dredging Congress and Exposition (WODCON XXI). Considered the most important and anticipated event for dredging professionals worldwide, WODCONs are the only global event dedicated exclusively to dredging and maritime construction. The conference will take...
When dangers at sea draw the right attention At the launch of Seafarers Awareness Week in London, UK, last night, an event aimed at increasing the country's maritime personnel recruitment and retention, it was refreshing to see that the event's organiser, Seafarers...
Prestige master sentenced to two years in prison Spain's Supreme Court has sentenced the former master of the Prestige oil tanker to two years in prison for his role in the environmental disaster created by the loss of the vessel and its cargo off the northwest coast of Spain in...
New CEDA Environment Commission chairman Since October last year, CEDA's Environment Commission (CEC) has a new chair. Frederik Roose of the Maritime Access Division of the Flemish Ministry of Mobility and Public Works, Belgium succeeds Polite Laboyrie, Witteveen+Bos, the Netherlands, who has been chairing the CEC for 8 years and who moved on to CEDA...
Farstad Shipping to cut head office costs to combat weak market Farstad Shipping, the listed Norwegian offshore services vessel operator, says it has started a process with the aim of reducing administrative expenses at the group's head office in Aalesund. "The employees have today been informed about the process, which will conclude by the end of February 2016,"...
IOC takes two BW VLGCs on charter for two years As freight rates to ship LPG on very large gas carriers continue to head north, Indian Oil Corporation has reportedly fixed two VLGCs from BW Group for up to two years, brokers tell...
Lamprell takes Sembcorp Marine's place in HHI's venture with Saudi Aramco United Arab Emirates-based oil rig engineering service provider Lamprell Plc has taken Singapore rig builder Sembcorp Marine's place in Hyundai Heavy Industries' (HHI's) shipbuilding venture with Saudi Arabian national oil company Saudi Aramco. Under the deal, all three parties, together with Aramco shipping affiliate Bahri, will build a shipbuilding complex in Saudi...
JNPT reports flat throughput after year of labour and congestion problems India's largest container port, Jawaharlal Nehru Port Trust (JNPT), handled 4.48 million teu in 2015, representing growth of just 0.1% over the previous year. JNPT was beset by labour and congestion issues for much of the year. Figures from the Ministry of Shipping show India's largest container...
India pumps USD2.1 billion into major ports as throughput expands Investment in India's port infrastructure will reach USD2.1 billion in fiscal year 2015/16 and add 162 million tonnes per annum (MTPA) of new capacity to the country's 12 largest ports, according to the country's Ministry of Shipping. "The focus is on improving the existing port...
Keppel and BG Group win Singapore LNG bunker licence Keppel Offshore & Marine (Keppel O&M) and BG Group have been jointly awarded the first issued licence by the port of Singapore to supply Liquefied Natural Gas (LNG) bunkers.With the licence, the Singapore-based Keppel O&M and UK-based BG Group will establish a...
Cut old Capsizes by half or stay in the red, warns Drewry Dry bulk shipowners must cut half the Capesize capacity over 12 years old if they want to return to profitability within two years, is Drewry's assessment of an industry burdened by chronic overcapacity and falling demand.The London-based analyst said dry bulk shipping was facing a perfect...
First cyclone of the season forecast for Australia's Pilbara Ships are evacuating Australian Pilbara port of Dampier and Port Hedland in anticipation of the first cyclone of the season. Pilbara Ports Authority (PPA) issued a cyclone advice at 10:15 h local time on 28 January, announcing it had commenced evacuating the...
Shipowners have only themselves to blame The excess capacity of ships in most sectors comes from reckless disregard of economic fundamentals
European Commission backs voluntary places of refuge guidelines Non-binding code now available for member state adoption
ITF helps 'penniless' Seaman Guard Ohio crew as appeal is lodged ITF clarifies assistance as crew and guards lodge appeal against court decision
Australian LNG to head to Europe this year LNG fleet should get ready for new trade lane as Australian cargoes are set to be shipped very far
Banks tighten screws on offshore sector Leading lenders forecast more difficult financing environment for offshore players
Cyclone forces evacuation at Pilbara dry bulk terminals Tropical low pressure heading towards coast disrupts port operations
Kirby Corp results take a knock from marine transportation and diesel engine businesses Depressed commodity and crude prices hit both business segments
Rescue vessels attend stricken Modern Express as list worsens Ship continues eastward drift in Bay of Biscay towards France
Marseilles-Fos posts record year for container traffic Box volumes up 3.5% to mark third successive year of volume growth
New York/New Jersey braced for further delays Port authority expects a two- to three-day lag in getting cargoes through
Euronav reports $350m net profit for 2015 Belgian tanker owner reports solid fourth quarter and an even stronger start to 2016
RCL takes slots on Wan Hai Lines new China-India service Thai carrier says new service to start in late February
Greek owners pledge that European tax assault will not topple them Veniamis calls heat from Brussels 'the height of hypocrisy'
Product tanker rates slide across most benchmark routes Ample tonnage availability and lacklustre gasoline and diesel markets weigh
Product tanker rates may be hit when tonnage switches from dirty to clean Hånell: More product tankers will likely switch back to carrying clean cargo in 2016
India's JNPT reports record container throughput for 2015 The 4.48m teu figure for 2015 highest since port started operations
Indian authorities to invest $2.1bn on port initiatives Shipping ministry to award 30 port upgrading projects over 2015-2016 work year
Judicial manager to sell five Mercator Lines Singapore vessels to creditors Vessels scheduled for delivery by February 2016
VLCC rates still down amid Korean spree Average VLCC rates sink 10% in one day but eastbound market shows better signs.
Exmar's profit falls on weaker rates The Nicolas Saverys-led company cites weak rates for small gas carriers.
Low prices not slowing US LPG exports Energy logistics firm notes bigger share of Asia's LPG market, but crude exports not viable.
Strong earnings drive up shipping stocks Costamare and GasLog Partners results aid stock prices with Euronav also on the rise.
Concordia in talks to settle $21m dispute Swedish owner attempts to resolve issues linked to 2012 grounding in Hudson River.
Concordia clocks up best year since 2001 Chief executive Kim Ullman attributes higher profit to strong market and chartering strategy.
Wilson sells old mini-bulker for profit Oslo-listed owner disposes of 1979-built ship to Romanian company for $750,000.
Petrobras shakes up contract oversight As company cuts management jobs and improves compliance, single division to run all tenders.
GasLog MLP boosts payout on record profit LNG carrier owner hikes dividend thanks to strongest quarter ever; expects busy 2016.
Burke: Oil war of attrition is no game Ridgebury Tankers boss is not expecting oil producing nations to turn down the tap.
Yangzijiang acquires investment fund Singapore-listed shipbuilder takes over Chinese equity company for around $30m.
ITF slams victimisation of Mangouras Union says "innocent" Prestige captain should not be jailed again by Spain.
Glencore oil storage deal not the last Fearnleys says more ships could find similar work after Glencore said to have tied up four VLCCs.
Broken bulker to be scrapped on-site Towing and scuttling idea dropped as Mexico comes up with new plan for grounded Los Llanitos.
Golden Union linked to cape duo buyback Greek owner said to have paid more than $70m for two Hanjin-built bulkers which it cancelled last year.
Stolt Nielsen cautious on tanker oversupply Oslo-listed owner makes more in 2015 but commits to conservative management due to big global orderbook.
Korean yard losses tipped to narrow Analysts say HHI, DSME and Samsung to improve in Q4, but prospects still grim.
Euronav books best quarter since financial crisis Paddy Rodgers-led owner books first annual profit since 2010 with 2016 starting strongly.
Van Oord adds dredger at Dutch yard Owner signs up for new cutter suction vessel at Royal IHC.
CSSC Shipping adds bulker at group yard Chinese state shipbuilding group contracts 38,000-dwt ship for own account.
"Drastic" bulker scrapping needed as owners face perfect storm Drewry says profits could be achieved by 2018 if owners scrap half of all capesizes over 12 years old.
Indonesia seeking mini-LNG vessel Bidders may be forced to look to newbuildings due to shortage of vessels meeting bid's size criteria.
Mohammed Sharaf quitting DP World Group Dubai port giant to seek new CEO after veteran ends 23-year stay at company.
Swiber seeks backing to loosen bond covenants Singapore-listed offshore firm embarks on consent solicitation exercise to avoid potential breaches.
Kirby quarterly result misses estimates Barge operator sees results pulled downward by lower crude oil prices.
Desmi to appeal US ballast water rule US Coast Guard says life and death, not reproduction, standard for ballast treatment.
Singapore set for LNG bunkering from 2017 Pavillion Gas and BG joint venture with Keppel emerge as successful bidders in licensing round.
Kirby results miss estimates The barge operator sees results pulled lower by lower crude oil prices.
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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