News

Swire Shipping, a Singapore-based liner trade division of The China Navigation Company (CNCo), has upgraded its multipurpose liner service coverage in the Asia Pacific region.

The Australian Government has failed in its responsibility to investigate the effects of the country’s worst-ever oil spill from an oil rig,

MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN DEMOLITION YARDS

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.

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.

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.

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.

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.

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.

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

MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN DEMOLITION YARDS

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

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

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

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

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.

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.

MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN DEMOLITION YARDS

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

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.