News

The latest Shipping confidence survey from leading accountant and shipping adviser, Moore Stephens, reveals that overall confidence levels in the shipping industry dropped for the fourth successive quarter in the three months ended May 2011, to reach their

If the worst were to happen and a ship suffered a casualty resulting in large-scale pollution and a subsequent inquiry found the cause was engine-failure as a direct result of air pollution laws, who would be blamed?There have already been an alarming number

The Asia crude tanker market is slowing, with increased vessel availability from mid-July, but healthy gasoline and gasoil demand from South Asia may support

Panamax container ships are finding employment today but face growing competition from larger vessels, especially after the Panama Canal’s larger locks open in 2014,

German shippers are increasingly turning to private security suppliers to combat the threat of piracy, a study showed on Wednesday.Somali pirates are making

Exchange Co yesterday started trading in China's first forward freight futures, allowing cargo owners, export manufacturers and shipping companies to hedge risk amid fluctuating shipping rates.

The European Union would prefer to have a global solution to limiting greenhouse gas emissions from the shipping industry, officials said from Brussels.

Ocean carriers are offering a menu of new services to improve the supply chain efficiency and reduce the cost of delivering cargo from Asia to U.S. inland destinations,

Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) yesterday announced an upgrade to its Asia-East Coast South America Service (CSW). From July 2011 through 2012,

Kuwait Oil Tanker Company (KOTC) plans to contract ship builders for nine new tankers in the third phase of its fleet improvement plan, a local newspaper reported KOTC

The National Shipping Company of Saudi Arabia signed a murabaha financing agreement with the Saudi British Bank (SABB) and the National Commercial Bank for Saudi Riyals 822.6 millions.

Wärtsilä and Jiangsu CuiXing Marine Offshore Engineering Co. Ltd. have agreed to establish a joint venture for manufacturing Wärtsilä 26 and Wärtsilä

Dublin Port Company has welcomed RMR Shipping's new increased frequency of its service to West Africa, from a monthly to fortnightly service starting next month, writes Jehan Ashmore.

John Fredriksen has made no secret of his ambitions to expand his footprint in the shipping business when the time is right. When that time comes is currently the subject

Chilean firm OMX Operaciones Marítimas, a subsidiary of Brazil’s EBX group, expects to begin construction on its Puerto Castilla multipurpose port in northern region III in the early part of 2012, Puerto Castilla director Jorge Ronda Tampier told BNamericas.

Newly opened Red Sea Gateway Terminal (RSGT), Jeddah Islamic Port’s flagship terminal, received the world’s largest containership vessel CSCL Star on its first Red Sea call on Tuesday (21st June 2011). With a declared capacity of 14,100 TEU, the CSCL STAR is one of the world’s largest container ships. Built by Samsung Heavy Industries, and delivered in January 2011, it has a length of 366 metres, and a width of 51.2 metres, or 20 rows of containers across the deck.

Seajacks UK Limited (Seajacks) announced it has entered into a contract with WindMW GmbH (WindMW) for the installation of foundations and turbines for the Meerwind Project, which will be located off the coast of Germany in the North Sea near the island Helgoland.

Hallin Marine, a Superior Energy Services company, has commenced a large-scale inspection, repair and maintenance (IRM) project off the Malaysian peninsular. The contract centres on the oil rig Cendor MOPU which is undergoing an American Bureau of Shipping UWILD underwater survey for a second year in succession. Hallin is providing saturation diving, cleaning, inspection and reporting services.

On 27 June 2011, Havila Shipping ASA entered into an agreement with its controlling shareholder Havila AS and Havila AS’ wholly-owned subsidiary Havvåg AS for the purpose of transferring Havila AS’ indirect ownership interests in the five platform supply vessels MV Havila Fortune, MV Havila Aurora, MV Havila Borg, MV Havila Commander and MV Havila Crusader (the “PSVs”) to the Company (the “Transaction”).

South Boats Special Projects Ltd. and P&O Maritime Ltd. announce that the two companies have signed a contract for the construction of 2 x Incat Crowther designed 17.5m Wind Farm Service Vessels withoptions for further vessels.