Samsung Heavy Industries has found a new customer for the three special-purpose ships that has been cancelled earlier this year. The new contract with an unidentified…
Two new 14,000 TEU containerships YM Warranty and YM Wellspring chartered by Taiwanese shipping company Yang Ming have been powered in Japan. The launching ceremony…
With fuel costs constituting over 50 percent of operating expenses already, The upcoming IMO 2020 regulation is bound to present carriers and shippers with uncertainty, comments…
German companies Ernst Russ Group and Peter Döhle Schiffahrts-KG have jointly sold their shares in affiliated ship management company Hammonia Reederei GmbH & Co. KG…
Chinese Shipbuilding company Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) to built six LNG carriers for Bermuda-registered company Avenir LNG. According to the terms of a contract, LNG…
On March 2, 2019, in South Korea, two Post-Panamax containerships were damaged in a collision at Busan New Port. Safmarine Nokwanda, a 4,500 TEU vessel…
A passenger aboard the P&O Cruises, owned by m/v Arcadia was medically evacuated in the early morning while the ship was sailing off the coast of…
Incat Crowther, ship designer, has got an order to design a 1000-passenger ro-pax ferry for operation between mainland China and Taiwan. As informed by the…
Irish boat builder Safehaven Marine has signed contracts with two Spanish ports simultaneously. Interceptor 42 pilot vessel for the port of San Ciprian and an…
Maersk Tankers will invest into 4 scrubbers which will be installed on selected long range 2 (LR2) vessels within the company’s product tanker fleet. The…
NYK has ordered a new wood-chip carrier from Oshima Shipbuilding according to the terms of a long-term contract with Mitsubishi Paper Mills Limited (MPML). New…
CMA CGM is launching a USD 1.2 billion cost reduction plan despite record revenues seen in 2018. Company intends to achieve the objective of improving…
Corvus Energy has signed a contract with Norwegian Electric Systems (NES) for the marine world’s largest battery package for hybrid-powered vessels. This is a big…
Shanghai Zhenhua Heavy Industries (ZPMC) will pump 419.9 million (USD 62.8 million) worth into COSCO shares according to the signed share subscription agreement. ZPMC and COSCO plan…
SEA\LNG believes that the usage of LNG is the real way to achieve the IMO 2050 greenhouse program plan. LNG can and does solve the air…
Norwegian shipowner MPC Container Ships (MPCC) widened its net loss in the quarter ended December 31, 2018, amid a number of geopolitical and economic factors. The company’s…
Ship Finance International Limited (SFL), Bermuda-based shipowner, invested USD 1.2 billion in new assets in 2018, continuing its fleet renewal efforts. These transactions added USD…
World Fuel Services (WFS) has, through its subsidiary Gib Oil Limited, extended its bunkering capacity in the port of Gibraltar. The company added two barges, dedicated…
The European Parliament and Council have agreed on a regulation establishing a European Maritime Single Window, to the approval of industry groups. The creation of…
Additional 300,000 tonnes class (VLCC) crude oil terminal will be built in Rizhao port of Shandong province, to improve its crude oil transportation service. The…
