South Korean shipbuilder Samsung Heavy Industries is looking to shut down another one of its floating docks on the back of a drop in new orders, Yonhap News Agency cited undisclosed industry sources.
News ID: 75220 Publish Date : 2017/07/26
2017, H1:
Global newbuilding orders have dwindled in the first half of this year to 245 units, dragged down by reduced interest for containers and zero order for offshore vessels, but new orders for bulkers and tankers have risen, according to data from VesselsValue.
News ID: 75213 Publish Date : 2017/07/26
A think tank that advises the Russian government on taxes and energy-related issues said on Wednesday it expects the country's oil exports to fall this year thanks to a global deal to cut output, contrasting with official forecasts for a rise.
News ID: 75181 Publish Date : 2017/07/25
China International Marine Containers (CIMC) says it expects to turn a net profit of between RMB700m ($103.4m) to RMB900m compared to a net loss of RMB378m in the previous corresponding period.
News ID: 75050 Publish Date : 2017/07/19
Loss-making Yang Ming Marine Transport Corp is planning to make a public offering of 500m shares as part of the company’s ongoing recapitalisation plan to stabilise its weak financial standing.
News ID: 75040 Publish Date : 2017/07/18
The healthy international trade and cost cutting measures augurs well for Japan's to three marine shippers - Nippon Yusen, Mitsui O.S.K. Lines and Kawasaki Kisen Kaisha - reported Nikkei.
News ID: 75006 Publish Date : 2017/07/17
The global container shipping segment is unlikely to see more major merger and acquisition (M&A) deals following the latest takeover of Orient Overseas (International) Limited (OOIL) by Cosco Shipping, according to AlixPartners.
News ID: 74990 Publish Date : 2017/07/17
The global bunker industry will most likely witness steady to slightly lower demand in the second half of 2017, extending the trend that the market witnessed in the first six months, as the industry battles with the twin woes of bulging overcapacity as well as a plethora of new regulations.
News ID: 74956 Publish Date : 2017/07/15
Container volumes at the port of Singapore have risen in June compared to the year-ago level, according to preliminary estimates from the Maritime and Port Authority of Singapore (MPA).
News ID: 74950 Publish Date : 2017/07/15
The Port of Hong Kong continues to keep recovering from the slump of the past two years, with container throughput rising 13.4% to 1.85m teu in May.
News ID: 74529 Publish Date : 2017/06/18
The vast majority of the world’s trade in goods is moved by sea, and it has long been recognised how shipping is a critical element of the global economy, providing the connection between producers and consumers all over the planet.
News ID: 74508 Publish Date : 2017/06/18
Drewry Financial Research Services Ltd., the investment research arm of global shipping consultancy Drewry, is pleased to announce the launch of its 2nd Edition special report into the financial health of the global container shipping industry.
News ID: 74454 Publish Date : 2017/06/13
Anastasios Papagiannopoulos, CEO of the Greek shipping company Common Progress, has been elected President of BIMCO, the world’s largest international shipping association, with 2,100 members in more than 120 countries.
News ID: 74411 Publish Date : 2017/06/11
The Maritime and Port Authority of Singapore (MPA) has launched the first Smart Port Challenge 2017 (SPC 2017) on Monday as part of the port authority’s wider effort to develop innovation and push ahead with digital transformation.
News ID: 74351 Publish Date : 2017/06/07
A new report by U.S.-based One Earth Future Foundation Inc.'s Oceans Beyond Piracy program found that seafaring incidents involving kidnap for ransom jumped in 2016. Asia led the way with 125 instances of piracy, while West Africa had 95.
News ID: 74343 Publish Date : 2017/06/07
Spanish dockworker unions have launched today a nation-wide strike impacting operations across the country’s ports.
News ID: 74332 Publish Date : 2017/06/06
Hyundai Merchant Marine (HMM) has registered a 67% year-on-year increase in April handling volumes for its Asia-US routes.
News ID: 74329 Publish Date : 2017/06/06
The maritime world eventually passed the 2016, a year that was full of colossal losses and huge harms.
News ID: 74319 Publish Date : 2017/06/05
Stopford:
Asia now accounts for a dominant 60% of seaborne trade, and has plenty of potential to grow, according to statistics provided by the world's most famous shipping analyst, Dr Martin Stopford.
News ID: 74308 Publish Date : 2017/06/03
Italian cruise liner company Costa Group and its parent Carnival Corporation revealed plans to hire approximately 4,500 Italian crew members by 2022 to provide support for existing and primarily new ships currently on order.
News ID: 74298 Publish Date : 2017/06/02