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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
Legal implications of Hanjin Shipping's collapse2 months 24 days ago
Added: Oct 30, 2016 19:45
The early ramifications of the insolvency of Hanjin Shipping, which entered Korean administration on 31 August, have been startling, but in some ways unsurprising given Hanjin’s position as the world’s seventh largest container line operator. Read more
Source: Maritime Connector
Concordia Maritime signs another sale & leaseback agreement – this time for the suezmax tanker Ste2 months 24 days ago
Added: Oct 30, 2016 19:42
Concordia Maritime is selling the Suezmax tanker Stena Supreme. The counterpart is one of Japan’s largest ship owning companies and senior debt funding will be provided by one of Japan’s “Mega Banks”. Read more
Source: Maritime Connector
Suez Canal in Talks With Big Ship Operators for Toll Payments in Advance2 months 24 days ago
Added: Oct 30, 2016 19:40
Egypt’s Suez Canal Authority is in talks with the world’s biggest container-shipping operators to change the way it charges tolls for crossing the waterway by levying charges for three or five years in advance, a senior executive said last week. Read more
Source: Maritime Connector
RIL raises $573 mn loan for 6 large ethane carriers2 months 27 days ago
Added: Oct 28, 2016 08:05
Reliance Industries this week said it has raised a term loan of USD 573 million to part finance construction of a six very large ships for transportation of ethane from the US. Read more
Source: Maritime Connector
Gener8 Maritime, Inc. Announces Delivery of the Gener8 Miltiades2 months 27 days ago
Added: Oct 28, 2016 07:50
Gener8 Maritime, Inc., a leading U.S.-based provider of international seaborne crude oil transportation services, announced that it took delivery of the "ECO" VLCC the Gener8 Miltiades on... Read more
Source: Maritime Connector
ACP Dismisses ITF’s Privatization and Safety Claims2 months 27 days ago
Added: Oct 28, 2016 07:43
The Panama Canal Authority (ACP) has dismissed recent claims by the International Transport Workers’ Federation (ITF) over alleged privatization and safety in the Expanded Panama Canal, adding that it “is not privatizing any of its services.” Read more
Source: Maritime Connector
Hanjin Shipping vessel docks in Vancouver2 months 27 days ago
Added: Oct 28, 2016 07:39
A container vessel that spent months sitting off Canada's west coast due to the collapse of South Korea shipping company Hanjin docked in Vancouver on Thursday, according to union officials and ship tracking data. Read more
Source: Maritime Connector
Long-Term Container Rates May Improve in 20172 months 27 days ago
Added: Oct 28, 2016 07:25
Analysts with shipping data firm Xeneta believe that while it is too early to predict the containerized freight market for 2017, it is likely that long-term contract rates will be higher than what they were in 2016. Read more
Source: Maritime Connector
Petrobras' Transpetro unit cancels orders for 17 ships2 months 27 days ago
Added: Oct 28, 2016 07:19
The transportation unit of Brazil's state-controlled oil company Petroleo Brasileiro SA said this week that it planned to cancel orders for 17 tankers and other vessels designed to upgrade the largest shipping fleet in the Americas. Read more
Source: Maritime Connector
Digital Ship Athens 2016 Announces Agenda and Speaker Line-Up2 months 27 days ago
Added: Oct 28, 2016 06:49
Following the enormous success of last year's Digital Ship Athens, Digital Ship is pleased to announce our return to this shipping hub, with the 14th Digital Ship Athens conference and exhibition, taking place on 9 & 10 November at the Metropolitan Hotel. Read more
Source: Maritime Connector
10th Arctic Shipping Summit2 months 27 days ago
Added: Oct 28, 2016 06:21
ACI’s 10th Arctic Shipping Summit will be taking place 8-9th March, 2017 in Montreal, Canada. Read more
Source: Maritime Connector
LPG Europe Summit 2017, 1st – 2nd March, London, UK2 months 28 days ago
Added: Oct 27, 2016 06:44
ACI’s LPG Europe 2017 will bring together senior executives and experts from the LPG industry, as well as consultants, vehicle manufacturers and leading market analysts to discuss the latest challenges and developments within the LPG industry in Europe. Read more
Source: Maritime Connector
France's CMA CGM says more casualties possible in container shipping shakeout2 months 28 days ago
Added: Oct 27, 2016 06:24
Other container shipping firms may join Hanjin Shipping Co Ltd in receivership before the industry emerges from its current shakeout, the vice chairman of world number three player CMA CGM said this week. Read more
Source: Maritime Connector
Pole Star Space Applications announces strategic partnership with Ericsson2 months 29 days ago
Added: Oct 26, 2016 09:40
Ericsson and Pole Star Space Applications Ltd partner to develop and deliver innovative offerings in fleet safety, security, environmental, and compliance–based business application solutions to the maritime sector Read more
Source: Maritime Connector
U.S. Department of Homeland Security discuss biometric technology at Border Security 20172 months 29 days ago
Added: Oct 26, 2016 09:04
SMi’s 10th annual Border Security conference returns to Rome on the 15th and 16th February 2017. Read more
Source: Maritime Connector
26 Hostages Released by Somali Pirates After Nearly Five Years in Captivity2 months 29 days ago
Added: Oct 26, 2016 06:58
Somali pirates have released 26 Asian hostages held for nearly five years after the hijacking of their fishing vessel, the last commercial ship seized at the height of the country’s piracy... Read more
Source: Maritime Connector
Singapore to Require MFM Systems for Bunkering from January2 months 29 days ago
Added: Oct 26, 2016 06:44
The Maritime Port Authority of Singapore (MPA) will require the use of approved mass flow metering (MFM) systems for all marine fuel oil deliveries in the Port of Singapore, starting from January 1, 2017. Read more
Source: Maritime Connector
2016 Tripartite Meeting: Shipping Industry Meets in Tokyo to Discuss Mutual Challenges2 months 29 days ago
Added: Oct 26, 2016 06:18
Some 200 representatives of classification societies, shipbuilders and shipowners came together in Tokyo last week for their annual ‘Tripartite Meeting’ on issues of common interest. Read more
Source: Maritime Connector
MHI Establishes New Risk Team After Cruise Ship Mistake2 months 29 days ago
Added: Oct 26, 2016 06:12
Mitsubishi Heavy Industries (MHI) has published its 2016 report outlining a new approach to risk management after its troubled venture into building the first-in-class AIDAprima, its first vessel for Carnival Corp since 2004. Read more
Source: Maritime Connector
Pacific Basin to swap shares for USD12 million cut in charter rates3 months 0 days ago
Added: Oct 25, 2016 06:38
Pacific Basin will issue shares to 10 shipowners in return for their agreement to reduce daily charter hire rates that will save the Hong Kong-listed carrier more than USD12.5 million in the next two years as it labours through the weak dry bulk market. Read more
Source: Maritime Connector
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