News

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  MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN DEMOLITION YARDS

  MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN DEMOLITION YARDS

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  Truth that submerged

  The captain of the Costa Concordia, Francesco Schettino, who was accused of abandoning thousands of passengers when the cruise ship capsized is about to publish a book.

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  Saudi Arabia signs nuclear co-operation agreement with Russia

  Government-owned King Abdullah City for Atomic and Renewable Energy (KACARE) has signed the agreement, which is expected to strengthen ties between the two nations, both economically and technically.

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  Chinese Newbuilding Orderbook Takes a Massive Hit

  Chinese shipyards recorded a 77.4% slide in new orders year-on-year in the first five months of 2015, the China Association of the National Shipbuilding Industry (CANSI) said.

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  Odfjell Exits European Short Sea Market

  Norwegian shipping and tank terminal company Odfjell has inked a deal to sell the three remaining vessels within its trade in the European short sea market.

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  Japan Invests in Samoa’s Only Commercial Port

  Japan has set aside a JPY 3.4 billion (USD 28.3 million) grant-in-aid to improve safety at the only commercial port on the Pacific island state of Samoa – Apia Port.

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  Italian Bulker Aided by Compatriot Navy Ship

  An Italian-flagged merchant vessel MV Roberto Rizzo received much needed help from an Italian navy ship ITS Libeccio after it became adrift 55 nautical miles off the coast of Somalia, on Thursday, 18 June.

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  Port of Melbourne Sale Hits a Snag

  The plans of the Victoria’s government to sell port of Melbourne are facing opposition from the Liberal-National coalition.

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  MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN DEMOLITION YARDS

  MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN DEMOLITION YARDS

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  Update: Iranian Aid Ship Reaches Djibouti

  The Iranian cargo ship carrying aid to Yemen Iran Shahed has arrived in Djibouti, the Associated Press reported citing a US official.

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  Nippon Foundation to Set Aside USD 100 Million for World Maritime University

  Japan’s Nippon Foundation plans to set up a special endowment fund worth USD 100 million to support Swedish World Maritime University

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  Indonesia Opens First Green Container Terminal

  Indonesian state-owned terminal operator PT Pelabuhan Indonesia III (Pelindo III) inaugurated the Lamong Bay Terminal in Surabaya, East Java, today.

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  South Korea Opens Bidding for Sewol Ferry Salvage

  The government of South Korea has today opened bidding to select a salvage company to raise the Sewol ferry which sank April 16

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  BW LPG: Q1 2015 Had Strongest Ever Charter Rates

  BW LPG, the world’s top very large gas carrier (VLGC) owner and operator, recorded a rise in profit, posting a net profit after tax of USD 57.3 million in Q1 2015 against USD 30.8 million in Q1 2014.

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  Image of the Day: Razor-Sharp X-BOW

  Well this is a sight we don’t have a chance of seeing too often. The image shows an offshore construction vessel (OCV), featuring Ulstein’s X-BOW design, taking shape at Ulstein Verft.

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  MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN DEMOLITION YARDS

  MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN DEMOLITION YARDS

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  Global Shippers’ Alliance Launched

  The European Shippers’ Council (ESC), The Asian Shippers’ Association (ASA) and the American Association of Exporters and Importers

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  NAT CEO Cautiously Optimistic about Tanker Market Outlook

  Nordic American Tankers Limited (NAT) expects to achieve rates in the region of USD 35,000 per day for its fleet for the first quarter in 2015 reaping the fruits of a very strong year start for the tanker market.

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  ​ MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN SHIP BREAKING YARDS

  MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN DEMOLITION YARDS

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  Wärtsilä Nabs BWMS Deal

  A series of eight new 33,000 DWT chemical tankers under construction in Asia will feature Wärtsilä Aquarius UV Ballast Water Management Systems (BWMS), certified for explosion proof (EX) requirements, the Finnish company says in a release.

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  Unions Reject Offer from Rotterdam World Gateway

  Talks on terms of employment between Dutch trade unions FNV Havens and CNV Vakmensen and Rotterdam World Gateway (RWG) have hit another hurdle.

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  Suspected Smugglers Arrested at Ashdod Port

  Israeli police have arrested 17 employees of an unnamed international company operating at the Ashdod Port, suspected of embezzling millions of dollars through tax evasion, The Times of Israel reports.

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  Overcapacity Plaguining Middle East-South Asia Box Trade

  Box traffic from Asia to the Middle East did far better in 2014 when compared to 2013 figures, increasing by 6.9% to reach 3.27 million teu, Drewry’s container trade statistics show.

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  Panama Canal Floats New Toll Structure Proposal

  The Panama Canal Authority (ACP) has made a proposal for a new toll structure, following more than a year of informal consultations with representatives from various industry segments.

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  Federal Mediator to Jumpstart West Coast Contract Dispute

  The International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) have agreed to federal

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  Update: Bombed Tanker Headed to Greece

  A Greek-owned tanker that was bombed by a Libyan military fighter plane January 4 while moored in the Port of Derna,

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  Sillamäe Gas Terminal Plans Scrapped

  Plans to construct the EUR 500 million Sillamäe gas terminal in Estonia have been abandoned due to ongoing sanctions imposed by the European Union against Russia, as reported by Estonian daily Postimees.

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  Salvors Abandon Today’s Refloating of Hoegh Osaka

  Plans to attempt to refloat Hoegh Osaka today have been scrapped by the Svitzer salvor team following the completion of calculations last night, the UK Maritime and Coastguard Agency said in an update.

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  Clipper and Genco Launch New Supramax Pool

  Copenhagen-headquartered dry bulk shipping company Clipper has teamed up with Genco Shipping & Trading Limited to form the Clipper

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  Strike Resumes at Chile’s San Antonio Port

  Strike at Chile’s San Antonio port entered its fourth day on Tuesday with dock workers refusing to unload ships of the port’s concessionary company Puerto Central, writes Chilean newspaper El Economista.

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  HHI Workers Turn Down Wage Deal

  Workers at South Korean shipbuilder Hyundai Heavy Industries (HHI) voted down a tentative wage agreement with the company’s management on Wednesday.

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  Shippers to Gain Most from Low Oil Prices

  With crude oil down to its lowest price in five years last week, all carriers stand to gain from lower fuel costs, but the competitive and over-supplied nature of the market

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  Demand for Tankers Outstripping Supply

  Stronger freight rates in the tanker market may bring about some positive trends for the first quarter of 2015, if lower oil prices can continue to generate higher demand for product tankers, BIMCO said.

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  OPDR Launches New Sweden to Spain Service

  The Hamburg-based short sea container carrier OPDR has started a new service from Sweden to Bilbao via Rotterdam, according to the Port of Rotterdam Authority.

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  Maersk Broker Joins Forces with Lightship Chartering

  Just over two weeks after announcing plans on considering merger opportunities, broker firm Maersk Broker decided to merge its operations with Danish counterpart Lightship Chartering.

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  DSME Bags Six LNG Carriers

  South Korean shipbuilding giant Daewoo Shipbuilding and Marine Engineering (DSME) has secured an order for construction of six LNG carriers worth approximately USD 1.24 billion.

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  US Ups Oil Spill Liability Cap

  The U.S. Bureau of Ocean Energy Management (BOEM) has administratively increased the limit of liability for oil-spill related damages from USD 75 million to approximately USD 134 million for offshore oil and gas facilities.

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  Tanker Investments Adds Six Suezmaxes

  Oslo-listed investment company Tanker Investments Ltd. has agreed to acquire six, modern Suezmax tankers for an en bloc purchase price of USD 315 million.

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  Asian VLCC Rates Jump to Nine-Month High

  Worldscale rates for hiring VLCCs to haul crude from the Middle East to Far East Asia hit a nine-month high Tuesday, December 9, Platts writes citing shipping sources.

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  NLNG Turns to Court for Protection

  Bonny Gas Transport Ltd and Nigeria LNG Ltd. have taken steps before the court in New York to protect their vessel LNG Finima and other assets from arrest stemming from OW Bunker bankruptcy case.