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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
Fleet Growth Threatens Product Tanker Earnings7 hours 30 minutes ago
Added: Sep 02, 2015 09:21
The product tanker market has enjoyed healthy returns in recent years on the back of structural changes taking place in trading patterns. However, impending fleet growth is expected to reduce the sector’s earnings over the medium term, according to the Product Tanker Market Annual Report 2015 published by global shipping consultancy Drewry. Read more
Source: Maritime Connector
Ferry deal set to create new jobs7 hours 32 minutes ago
Added: Sep 02, 2015 09:19
First Minister Nicola Sturgeon has confirmed Ferguson Marine Engineering Limited (FMEL) as the preferred tenderer for the contract to build two ferries for the Caledonian Maritime Assets Ltd’s (CMAL) fleet. Read more
Source: Maritime Connector
Greek Coast Guard Finds Weapons Shipment on Cargo Ship7 hours 37 minutes ago
Added: Sep 02, 2015 09:14
A Greek coast guard special unit raided a Bolivian-flagged freighter early Tuesday off the southern island of Crete and found a shipment of undeclared weapons apparently headed for Libya. Read more
Source: Maritime Connector
Indonesia arrests alleged mastermind behind Orkim Harmony tanker hijack8 hours 23 minutes ago
Added: Sep 02, 2015 08:28
Indonesian authorities on Tuesday said they had arrested the alleged financier and mastermind behind the hijacking of oil tanker Orkim Harmony in June, as well as two suspects in other piracy attacks. Read more
Source: Maritime Connector
General Dynamics NASSCO Launches Second Ship in Series of World’s First Natural Gas Powered Contai8 hours 25 minutes ago
Added: Sep 02, 2015 08:26
On Saturday, August 29, General Dynamics NASSCO launched the second ship in a series of the world’s first natural gas powered containerships. Read more
Source: Maritime Connector
Euronav: New USD 750 million facility8 hours 38 minutes ago
Added: Sep 02, 2015 08:14
The Executive Committee of Euronav NV announced that it has signed a new USD 750 million senior secured amortizing revolving credit facility led by DNB Bank ASA and Nordea Bank Norge ASA acting as Coordinators, Mandated Lead Arrangers and Bookrunners and ABN AMRO Bank NV, ING Bank NV and Skandinaviska Enskilda Banken AB acting as Mandated Lead Arrangers and Bookrunners and Crédit Agricole Corporate and Investment Bank acting as Lead Arranger whilst KBC Bank NV, Scotiabank Europe plc and Société Générale acting as Co-Arrangers. Read more
Source: Maritime Connector
Issue of recruitment to be discussed at offshore marine event as experts identify shortfall in marit1 day 4 hours ago
Added: Sep 01, 2015 12:11
Lack of well-qualified seagoing & shore-based personnel to be debated at 2015 Seatrade Offshore Marine & Work Boats conference as investment into the human element falls short of commitment to fleet and facilities development Read more
Source: Maritime Connector
Cargo ship and tanker in collision at sea1 day 8 hours ago
Added: Sep 01, 2015 08:46
Two ships with Orkney connections were at the centre of a major rescue operation at the weekend, following a collision between the Streamline chartered container ship Daroja and the fuel tanker Erin Wood. Read more
Source: Maritime Connector
BW LPG announces delivery of BW Libra1 day 8 hours ago
Added: Sep 01, 2015 08:12
BW LPG Limited is pleased to announce that it has today taken delivery of BW Libra, the fifth Very Large Gas Carrier (VLGC) in its newbuilding programme of eight VLGCs from HHI. Read more
Source: Maritime Connector
Salvage divers enter Sewol ferry1 day 8 hours ago
Added: Sep 01, 2015 08:06
Salvage divers working to hoist the capsized Sewol ferry have gained entry into the vessel. Read more
Source: Maritime Connector
Coast Guard evacuates injured Chinese national from a ship1 day 8 hours ago
Added: Sep 01, 2015 08:04
The Coast Guard personnel here have co-ordinated the evacuation of a Chinese national who needed medical treatment on a ship which was on passage from Port Al Jubail in Saudi Arabia to Singapore about 50 nautical miles off New Mangalore. Read more
Source: Maritime Connector
Rough year for shipping stocks1 day 8 hours ago
Added: Sep 01, 2015 08:01
US-listed shipping equities have partially recovered from recent lows, but remain sharply down for the year. Read more
Source: Maritime Connector
Hyundai Mipo Bags Gas Carrier Trio1 day 8 hours ago
Added: Sep 01, 2015 07:59
Ulsan-based shipbuilder Hyundai Mipo Dockyard has won an order for the construction of three gas carriers worth a total of KRW 166.5 billion (USD 140 million). Read more
Source: Maritime Connector
European LNG stakeholders to debate at the LNG Transport Forum2 days 4 hours ago
Added: Aug 31, 2015 12:18
LNG Transport Forum: European LNG market integration – the platform of communication within the LNG sector in Europe – created for gas industry will be held on 14-16 October 2015, in the Port of Valencia, Spain. Read more
Source: Maritime Connector
Panama Canal Suspends Draft Restriction for Transiting Vessels2 days 7 hours ago
Added: Aug 31, 2015 08:55
The Panama Canal Authority (ACP) has announced the suspension of the first draft restriction that was scheduled to go into effect September 8, 2015, as announced previously to all shipping agents, owners and operators working with the Canal. Read more
Source: Maritime Connector
Thousands of jobs created as Britain's nuclear submarine base gets ÂŁ500BILLION upgrade2 days 7 hours ago
Added: Aug 31, 2015 08:54
Britain’s nuclear submarine base is to have a £500billion upgrade creating thousands of jobs. Read more
Source: Maritime Connector
Spain accused of 'provocation' after letting Russian submarine refuel off Gibraltar2 days 8 hours ago
Added: Aug 31, 2015 08:47
The Spanish government has been accused of further provocative behaviour over the contested British territory of Gibraltar after it allowed a Russian submarine to refuel at one of its ports just 19 miles from the Rock. Read more
Source: Maritime Connector
Missing Crew Member of Liberian Tanker Found Dead2 days 8 hours ago
Added: Aug 31, 2015 07:57
The Greek coast guard has informed that the body of a missing crew member of the Liberian-flagged chemical tanker M/T Histria Ambra has been found. Read more
Source: Maritime Connector
CSCL's 1H15 profit down 97%2 days 9 hours ago
Added: Aug 31, 2015 07:49
China Shipping Container Lines (CSCL)'s profit plunged 97% year on year (y/y) to CNY14.3 million (USD2.2 million) in the first six months of 2015 because of less investment income. Read more
Source: Maritime Connector
30 facts you never knew about The Titanic2 days 9 hours ago
Added: Aug 31, 2015 07:46
It was the moment the world’s most famous shipwreck was finally located after more than 70 years at the bottom of the Atlantic Ocean. Read more
Source: Maritime Connector
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