News

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.

The International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) have agreed to federal

A Greek-owned tanker that was bombed by a Libyan military fighter plane January 4 while moored in the Port of Derna,

Plans to construct the EUR 500 million Sillamäe gas terminal in Estonia have been abandoned due to ongoing sanctions imposed by the European Union against Russia, as reported by Estonian daily Postimees.

Plans to attempt to refloat Hoegh Osaka today have been scrapped by the Svitzer salvor team following the completion of calculations last night, the UK Maritime and Coastguard Agency said in an update.

Copenhagen-headquartered dry bulk shipping company Clipper has teamed up with Genco Shipping & Trading Limited to form the Clipper

Strike at Chile’s San Antonio port entered its fourth day on Tuesday with dock workers refusing to unload ships of the port’s concessionary company Puerto Central, writes Chilean newspaper El Economista.

Workers at South Korean shipbuilder Hyundai Heavy Industries (HHI) voted down a tentative wage agreement with the company’s management on Wednesday.

With crude oil down to its lowest price in five years last week, all carriers stand to gain from lower fuel costs, but the competitive and over-supplied nature of the market