News

Recently, Ship Management company Empire Navigation Inc. received 3rd (Suez Hans) and 4rd (Suez Rajan) Suez Max tanker built by Hyundai Heavy Industries yard in Gunsan (Korea).

Yesterday, the operation for loading two DCV47 supply vessels onboard the heavy-lift carrier HHL Hamburg successfully completed at the roadstead of Port Kavkaz, the project designer Marine Engineering Bureau said. Hansa Heavy Lift GmbH

Vale SA (VALE3), the world’s biggest exporter of iron ore, said it has been in talks to engage Chinese shipping companies to haul the steelmaking material to China on its very large ore carriers under long-term contracts.

The GT Nexus Shipper Council, a customer community of the world’s biggest importers and exporters, announced that it has engaged Maersk Line in response to the ocean carrier’s recently announced

Cargo handlers and importers are up in arms over delays to allocate berths and the shortage of loaders at the port of Mombasa.

Federal State Property Management Agency (Rosimushchestvo) announced an auction for the sale of a 100% state-owned stake in Murmansk Sea Fishing Port JSC (MMRP), Rosimushchestvo said.

The American Association of Port Authorities (AAPA) is urging the United States Congress Joint Select Committee on Deficit Reduction to consider the benefits of focusing its resources to America’s seaports.

Offshore vessel market has been one area of the business that has had little to do with vessel scrapping. It was notable therefore that in the first quarter results for US-owner Tidewater that an announcement was made regarding the intention to scrap

The International Chamber of Shipping has urged the New Zealand Government to consider the benefit of current practices in other parts of the world when it considers making changes to its maritime competition regime.

China’s COSCO Group is consolidating its three dry bulk freight companies into one firm following a sharp downturn in the market that forced the country’s top shipping conglomerate to halt payments to ship-owners, a company official said on Thursday.

IHI Corp. said Wednesday that it has developed a low-emission container ship that can run on liquefied natural gas in addition to the conventional fuel of heavy oil.

Colombo Dockyard PLC riding a wave of success has outbid stiff competition from China, Thailand and Germany and has secured the contracts for the construction of two numbers 400 Passenger

Work will begin this week on a $5 million upgrade at the International Marine Terminal in Portland, where operators say a pier expansion and improved container yard will help sustain recently rebooted container shipping at the site.

The Ministry of Shipping has issued Guidelines regarding deployment of armed guards in Indian Merchant Ships as a part of the various steps undertaken by the Government to combat the piracy in Gulf of Aden.

Brazil’s federal government has announced that it is to increase its intervention in the management and planning of 16 large ports.

Excelerate Energy has executed with Petrobras a 15-year time charter party to provide an advanced floating storage and regasification unit (FSRU). This vessel, designated by Petrobras as VT3, will deliver 20 million cubic meters per day of natural gas to the Southeast Region of Brazil.

Hanjin Heavy Industries-Philippines (HHIP), the country’s largest shipbuilder, announced that it will undergoing a USD1 billion program designed to accomodate shipbuilding offers that may come from the Malampaya exploration activities.

With the cost of money moving up and freight rates diving, Shipping Corporation of India​ (SCI) has put on hold its plans of issuing fresh tenders to acquire new vessels.

Total, operator of Block 17, announced that the giant Pazflor field offshore Angola has come on stream ahead of the initial schedule.

Somali pirates on Friday freed a Greek-operated oil products tanker and its crew after holding them hostage for nearly 10 months, the vessel’s manager said.