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News Headlines
China, Australia to Launch New Shipping Service5 days 23 hours ago
Added: May 20, 2016 07:47
China’s Rizhao Port Group and Australian Great Southern Shipping have joined forces to create a new shipping partnership which will operate a service between the two countries through five Australian-flagged 5,000 TEU ships. Read more
Source: Maritime Connector
Pirates Prevented from Boarding Boxship in Gulf of Aden6 days 23 hours ago
Added: May 19, 2016 07:00
A number of pirates were repelled from boarding a container ship as they approached the vessel in five skiffs while it was underway in the Gulf of Aden, according to data released from IMB Piracy Reporting Centre. Read more
Source: Maritime Connector
No Deal on Charter Rate Cuts for HMM5 days 23 hours ago
Added: May 20, 2016 07:13
Financially troubled South Korean shipping company Hyundai Merchant Marine (HMM) has failed to seal a deal with ship owners on charter rate cuts, Yonhap reports, citing company officials. Read more
Source: Maritime Connector
Evergreen Returns to Marseille Fos2 days 22 hours ago
Added: May 23, 2016 08:06
Taiwanese container line Evergreen has resumed direct calls at Marseille Fos port in France for the first time in eleven years with the aim to double its traffic. Read more
Source: Maritime Connector
Sovcomflot Off to a Good Start5 days 23 hours ago
Added: May 20, 2016 06:53
The start of the year seems to be promising for the Russian shipping major Sovcomflot, as the first quarter ending March 31st saw a 9.2 percent increase in the company’s net profit reaching USD 103.1 million. Read more
Source: Maritime Connector
Navios Maritime Acquisition Sees Rise in Profit5 days 23 hours ago
Added: May 20, 2016 07:26
NYSE-listed tanker company Navios Maritime Acquisition has reported its net income at USD 23.8 million, an increase of 19 percent in for the first quarter of 2016, against the USD 20 million recorded in the same period a year earlier. Read more
Source: Maritime Connector
APL Achieves 45.5% Carbon Emissions Reduction in 20155 days 23 hours ago
Added: May 20, 2016 07:42
APL announced that it has reduced its fleet carbon dioxide emissions by 45.5% in 2015, compared to its emissions level in 2009. This achievement marks APL’s highest carbon dioxide emissions reduction in the last six years. Read more
Source: Maritime Connector
Danish Ship Finance: Shipyards Could Be Left without Orders by 20176 days 23 hours ago
Added: May 19, 2016 06:57
It is essential that new orders are placed within the next three to six months for the yard industry to fill up its orderbooks for 2017, according to Danish Ship Finance. Read more
Source: Maritime Connector
Fortis Enters Into Liquefied Natural Gas Supply Agreement With Hawaiian Electric5 days 23 hours ago
Added: May 20, 2016 07:38
Fortis Inc. announced that Fortis Hawaii Energy Inc., an indirect wholly-owned subsidiary, entered into an agreement with Hawaiian Electric Company, Inc., to export liquefied natural gas to Hawaii to be used for local power generation. Read more
Source: Maritime Connector
European Shipyards Overtake Asian Counterparts in Q11 day 23 hours ago
Added: May 24, 2016 07:28
Shipyards in Europe received in the first quarter of 2016 more orders than their competitors in Asia, German Shipbuilders and Ocean Industries Association Verband für Schiffbau und Meerestechnik (VSM) reports. Read more
Source: Maritime Connector
China plans base station for rescue operations in South China Sea2 days 22 hours ago
Added: May 23, 2016 07:54
A Chinese government bureau is planning a base station for an advanced rescue ship in the disputed Spratly Islands, state media reportedy, as China continues its push to develop civilian and military infrastructure in the contentious region. Read more
Source: Maritime Connector
Shipping group CMA CGM targets $1 billion savings in tough market2 days 23 hours ago
Added: May 23, 2016 07:46
France's CMA CGM, the world's third-largest container shipping firm, reported a first-quarter net loss on Friday and targeted $1 billion (0.68 billion pounds) in cost cuts to keep operating margins positive during the current market downturn. Read more
Source: Maritime Connector
DSME to Sell HQ Building as Part of Self-Rescue Efforts1 day 23 hours ago
Added: May 24, 2016 07:36
In its latest attempt to fight liquidity woes, the financially-troubled South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) decided to sell its Seoul headquarters building for a price of KRW 180 billion (USD 152 million). Read more
Source: Maritime Connector
Asia-Pacific Dredging Summit, 23rd – 24th November 2016, Singapore5 days 19 hours ago
Added: May 20, 2016 11:45
Two Day “Asia-Pacific Dredging” Summit will take place in 23rd – 24th in November 2016 in Singapore. Read more
Source: Maritime Connector
Container shipping firms' costs soar on new fuel rules - OECD5 days 23 hours ago
Added: May 20, 2016 06:56
Container shipping firms' annual costs have risen by a total $500 million due to new sulphur emissions regulations that have forced vessels to use higher cost fuel, the OECD said in a report this week. Read more
Source: Maritime Connector
Chinese investors to build industrial park at Oman's Duqm port1 day 23 hours ago
Added: May 24, 2016 07:24
A group of Chinese investors have signed an agreement to build an industrial park at Oman's southern port of Duqm in a project that could attract billions of dollars of investment, government and company officials said this week. Read more
Source: Maritime Connector
Moran Office of Maritime and Port Security and Automatic Systems joins speaker line up at Internatio2 days 0 hours ago
Added: May 24, 2016 06:32
SMi Group reports: SMi are delighted to announce that Moran Office of Maritime and Port Security and Automatic Systems will be speaking at the 7th annual International Port Security (1-2 June 2016, London, UK). Read more
Source: Maritime Connector
Barriers, drivers and interaction of wind propulsion technologies for ships5 days 23 hours ago
Added: May 20, 2016 07:21
Dagmar Nelissen, Senior Researcher and consultant at CE Delft, will present the preliminary findings of the EU DG Clima study ‘Analysis of market potentials and market barriers for wind propulsion technologies for ships’, at next week’s Natural Propulsion Seminar. Read more
Source: Maritime Connector
Navig8 Product Tankers Takes 1st Newbuild from CSSC Offshore1 day 22 hours ago
Added: May 24, 2016 08:01
Navig8 Product Tankers Inc has taken delivery of the Navig8 Grace, a 113,000 DWT LR2 tanker from China-based CSSC Offshore & Marine Engineering Company Limited, formerly known as Guangzhou Shipyard International Company. Read more
Source: Maritime Connector
Hyundai Merchant Edges Closer to Receivership1 day 22 hours ago
Added: May 24, 2016 07:54
South Korean observers are increasingly concerned that Hyundai Merchant Marine (HMM) will enter court receivership in coming weeks. Read more
Source: Maritime Connector
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