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Photo: Hapag-LLoyd

Hapag-Lloyd IPO Timing in Doubt

  FRANKFURT, Sept 4 (Reuters) – German container shipping group Hapag-Lloyd has taken further steps in preparation of a stock market listing and has mandated more banks for the move, but it remains undecided on the timing of the deal, people familiar with the situation said. Credit Suisse, Citi and HSBC have been asked to […]

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Slurry Oil Spill on Mississippi River Be 250,000 Gallons

The U.S. Coast Guard says that up to 250,000 gallons of clarified slurry oil could have spilled following a towboat collision on the Mississippi River near Paducah, Kentucky on Wednesday, downgrading earlier estimates of as much as 1.05 million gallons. The spill comes after a two towboats collided at 8:22 p.m. Wednesday at mile marker […]

Photo credit: Sinotrans

Sinotrans to Merge with China Merchant Group, Report Says

  By Jasmine Wang (Bloomberg) — Sinotrans Ltd. and Sinotrans Shipping Ltd., controlled by China’s second-biggest commodity-shipping company, jumped in Hong Kong trading on a report about a merger between China Merchants Group and their parent. Sinotrans Shipping rose as much as 19.9 percent, the most in more than six years, on Friday before narrowing […]

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More Than 90% of Australian Seafaring Jobs At Risk Under Cabotage Reform Plan, Research Shows

  More than 90% of Australian seafarers working in the domestic trade will lose their jobs under the Abbott government’s plan to reform Australia’s newly-adopted cabotage laws, according to a new report from the independent think tank The Australia Institute. The Australian Government, under Prime Minister Tony Abbott, announced its new plan for coastal shipping […]

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  More Breaking News

MOL Windshield

MOL Testing New Containership ‘Windshield’

  Mitsui O.S.K. Lines (MOL) has started testing a new containership ‘windshield’ technology that it hopes will help cut wind resistance, leading to fuel savings and reduced CO2 emissions. The new windshield was installed on the bow of the MOL-operated containership MOL MARVEL and a demonstration test of its effectiveness in reducing CO2 emissions is […]

The Stad Amsterdam (L) clipper. REUTERS/Toussaint Kluiters/United Photos

WATCH: Drone Addicts Video from SAIL Amsterdam Maritime Festival

Netherlands-based Drone Addicts was at the Port of Amsterdam in August to capture the parade of ships kicking off SAIL 2015, a once-every-five-years maritime and tall ship festival. The sail-in parade is one of the largest – if not the largest – parade of ships in the world, with hundreds of vessels and dozens of […]