WATCH: Subsea Cable-Layer Maersk Connector Launched

Photo: Damen Shipyards

The Damen-built subsea support vessel Maersk Connector was launched Thursday at Damen Shipyards Galati, Romania. The vessel is owned and operated by Maersk Supply Service and is built to contract for a seven year charter agreement with DeepOcean. Maersk Connector is the second of a new generation of cable-laying vessels developed by the Damen Shipyards Group called … [Read more...]

Carnival Sending More Ships to China

Princess Cruises Golden Ocean

  Carnival Corporation, the world's largest cruise ship company, says it will add two additional ships to its growing China fleet in 2016, making it the first global cruise company with six total ships based in China. The move will increase Carnival Corporation's total capacity in China by an additional 58 percent in 2016 amid double-digit annual returns and what is … [Read more...]

K-Line Settles Car Carrier Price-Fixing Lawsuit

kline

Japan's Kawasaki Kisen Kaisha Ltd., more commonly known as K-Line, has agreed to a settlement in an alleged car carrier price-fixing scheme involving more than a dozen international shipping companies, marking the first major settlement in the scandal. The plaintiffs in the lawsuit, which include consumers and auto and truck and equipment dealerships, claim that Tokyo-based … [Read more...]

Singapore Shipping Company Sanctioned Over North Korea Ties

North Korean container ship ''Chong Chon Gang'' docked at the Manzanillo International Container Terminal in Colon City July 16, 2013. REUTERS/Carlos Jasso

  SINGAPORE, July 24 (Reuters) - Singapore-based Senat Shipping said on Friday it had done nothing illegal and that it was unreasonable to be put on a U.S. sanctions list for alleged connection with a blacklisted North Korean shipping company. The U.S. Department of Treasury on Thursday listed Senat, arguing it had supported Ocean Maritime Management Company (OMMC), … [Read more...]

Newport News Shipbuilding to Layoff More Than 1,500

The lead ship in the Ford-class , the future USS Gerald R. Ford (CVN-78), was launched at Newport News Shipbuilding in November 2013. Photo by Chris Oxley

  Newport News Shipbuilding could layoff more 1,500 employees by the end of 2016, the company revealed this week. The layoffs were announced in a letter to employees by Newport News Shipbuilding President, Matt Mulherin, local news reported. "We find ourselves in a situation today where we will have to make this difficult decision in 2015 and again in 2016," … [Read more...]

China Answers Japan Oil Rig Concern With Offer

One of many photos released by Japan's Foreign Ministry showing Chinese oil and gas structures in the East China Sea. Photo: Japan Foreign Ministry

By Bloomberg News (Bloomberg) -- China repeated a call Friday for talks with Japan over joint development of gas and oil resources in contested waters in the East China Sea. The offer comes days after Japan disclosed a map and photographs of what it said were 16 Chinese marine platforms close to Japan’s side of a geographical median line that it contends should mark the … [Read more...]