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Shipping and maritime news
Welcome to our new news section. Here you will find out what's going on in the business. News is updated as it's released from thousands of media sources.
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News Headlines
ITF Releases Photos of Crewmen put at Risk10 hours 54 minutes ago
Added: Feb 11, 2016 08:13
The International Transport Workers’ Federation (ITF) has released evidence of safety breaches on board what it calls a flag of convenience ship berthed alongside Pacific Aluminium’s new foreign charter vessel in Newcastle, Australia. Read more
Source: Maritime Connector
Maersk writes down oil assets, bleak outlook weighs11 hours 4 minutes ago
Added: Feb 11, 2016 08:04
Denmark's A.P. Moller-Maersk tumbled to a loss of $2.5 billion in the last three months of 2015 after the shipping and energy group wrote down the value of its oil assets by the same amount. Read more
Source: Maritime Connector
BIMCO: Six VLCCs Mark Strong Delivery Start in 201611 hours 13 minutes ago
Added: Feb 11, 2016 07:54
Six new Very Large Crude Carriers indicate that 2016 is off to a flying start when it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe, according to BIMCO. Read more
Source: Maritime Connector
Lloyd’s Open Form: the best option for the biggest incidents11 hours 17 minutes ago
Added: Feb 11, 2016 07:51
As merchant ships get larger, as their cargoes expand in size and complexity and as their values escalate, the challenges facing salvors and wreck removers are multiplying. Read more
Source: Maritime Connector
Drewry: To Slow Steam or Not to Slow Steam?1 day 11 hours ago
Added: Feb 10, 2016 07:58
Bunker prices are now at a low level not seen since the early 2000s and with much lower marine fuel prices big containerships’ cost advantages are dwindling, according to Drewry Maritime Advisors. Read more
Source: Maritime Connector
Nicaragua to build new $400m Caribbean port1 day 11 hours ago
Added: Feb 10, 2016 07:49
In Nicaragua, the National Port Company (EPN) is planning to build a new terminal at Bilwi, Puerto Cabezas, to accommodate cargo from the north of the country that is currently handled by the ports of Limón, in Costa Rica, and Cortés, in Honduras. Read more
Source: Maritime Connector
Low oil prices driving risk and complexity within the marine fuel supply chain – says 20|20 Marine1 day 11 hours ago
Added: Feb 10, 2016 07:43
Low cost of crude and cheap bunkers fuelling indecision amongst ship owners, stifling investment for refiners and physical fuel suppliers, and driving trader consolidation Read more
Source: Maritime Connector
Developing strategies to protect seaports from external and internal threats to be discussed at SMiâ2 days 7 hours ago
Added: Feb 09, 2016 11:36
Registration is now open for SMi’s 7th annual International Port Security conference which will take place on the 1st and 2nd June 2016 in London, UK. Read more
Source: Maritime Connector
Cruise Ship Rides Out Severe Storm2 days 11 hours ago
Added: Feb 09, 2016 07:58
Royal Caribbean's Anthem of the Seas departed Cape Liberty, NJ for Port Canaveral on Saturday, with 4,529 passengers and 1,616 crew aboard. On Sunday, she entered a rapidly developing, severe storm with sustained winds to 65 knots and seas in the range of 30 feet, centered off the Carolinas. Read more
Source: Maritime Connector
One Dead, Two Injured Due to Toxic Fumes aboard Tanker2 days 11 hours ago
Added: Feb 09, 2016 07:52
One crew member died and two were hospitalized after they inhaled poisonous fumes while cleaning cargo tanks aboard a 2007-built chemical tanker Araz River on February 5, Italian media reported. Read more
Source: Maritime Connector
Republic of Georgia Selects Anaklia Development Consortium to Build a Deep Sea Port in Anaklia2 days 11 hours ago
Added: Feb 09, 2016 07:47
Georgia’s Ministry of Economy & Sustainable Development today announced that the Anaklia Development Consortium LLC has been awarded the contract to build and develop a Deep Sea Port in Anaklia. The $2.5 billion project will establish a new maritime corridor between China and Europe, helping restore the historic Silk Road and stimulating national and regional economic growth. Read more
Source: Maritime Connector
Johan GÄRDIN from DNV·GL confirmed to speak at the 12th Offshore China Convention 20163 days 9 hours ago
Added: Feb 08, 2016 10:01
During the past two years, although plunging oil prices have prompted a severe oil industry downturn, the long-term market outlook is still bright. China's government have issued national strategy called “One Belt, One Road” initiative and unveiled "Made in China 2025" plan to boost up the slowing Chinese economy. With no doubt, the offshore engineering industry will be beneficial a lot from these policies. Read more
Source: Maritime Connector
Singapore-registered vessel released after hijacking off Nigerian coast3 days 11 hours ago
Added: Feb 08, 2016 08:03
The Safmarine Kuramo, a Singapore-registered container vessel, has been released after it was hijacked off the Nigerian Coast. Read more
Source: Maritime Connector
Two new "Meraviglia-Plus" next-generation ships confirmed3 days 11 hours ago
Added: Feb 08, 2016 07:57
MSC Cruises has confirmed the building of a further two ships in the Meraviglia class. The two "Meraviglia-Plus" next-generation ships, as the new class of vessels is called, will feature increased tonnage and overall size, with a total of 2,444 cabins and a maximum LSA (passengers + crew) of 8,000. Read more
Source: Maritime Connector
New Tool Evaluates NSR Container Shipping Viability3 days 11 hours ago
Added: Feb 08, 2016 07:49
A new study examining the commercial opportunities of Arctic shipping by the Copenhagen Business School (CBS Maritime) concludes that the navigation season on the Northern Sea Route (NSR) will remain too short for investments in ice-class vessels to be economically viable until around 2040. Only then could the Arctic shipping route become competitive. Read more
Source: Maritime Connector
CSCL Indian Ocean lost anchor before grounding at Elbe River3 days 11 hours ago
Added: Feb 08, 2016 07:42
The preparation for salvage of the hardly grounded ultra large container ship CSCL Indian Ocean are running at full speed, after several failed attempts to refloat the vessel. Read more
Source: Maritime Connector
ACP: New Panama Canal Locks to be Completed by June6 days 10 hours ago
Added: Feb 05, 2016 08:34
After more than a year-long delay, a new set of larger locks for the Panama Canal will be complete by the end of June, the waterway's administrator said on Wednesday, after builders repaired cracks that had formed in the concrete walls. Read more
Source: Maritime Connector
Tianjin Blast Could Be Largest Marine Insurance Loss Ever6 days 10 hours ago
Added: Feb 05, 2016 08:31
Claims related to the massive explosion at the port of Tianjin, China may grow to as much as $6 billion, says the International Union of Marine Insurance (IUMI). More than half of the claims reportedly fall within marine insurance or reinsurance lines – potentially making it the largest single marine disaster (by claim value) in history, surpassing Hurricane Sandy. Read more
Source: Maritime Connector
First Offshore Wind Farm Decommissioning Complete6 days 10 hours ago
Added: Feb 05, 2016 08:21
Wind farm operator Vattenfall has completed the decommissioning and removal of the five-turbine, 10 MW Yttre Stengrund offshore wind farm – the first dismantlement of its type. Read more
Source: Maritime Connector
Diana Shipping Inc. Announces Agreement to Acquire Three Panamax Vessels6 days 10 hours ago
Added: Feb 05, 2016 08:16
Diana Shipping Inc. (NYSE:DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has signed, through three separate wholly-owned subsidiaries, three Memoranda of Agreement to acquire from a related party three Panamax vessels for an aggregate purchase price of US$39.8 million. Read more
Source: Maritime Connector
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