News

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.

MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN DEMOLITION YARDS

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.

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

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.

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.

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.