News

The latest maritime and offshore news.


Thursday, February 2, 2017
If Trump Hits China, Regional Demand Would Soften Blow in Asia
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If Trump Hits China, Regional Demand Would Soften Blow in Asia

By Enda Curran (Bloomberg) — If Donald Trump slapped China with punishing tariffs, the pain would also be felt by Japan, South Korea and Taiwan,

February 2, 2017
Total Views: 33

port of hong kong
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Warning to Forwarders as ‘Plug-and-Play for Sea Freight’ Aims to Cut Them Out

By Sam Whelan, Australia-based China Sea Rates has launched the world’s first plug-and-play, door-to-door ocean freight booking system for e-commerce

February 2, 2017
Total Views: 75

Yemeni Officials Say Warships Shell Al Qaeda Positions, U.S. Denies Involvement
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Yemeni Officials Say Warships Shell Al Qaeda Positions, U.S. Denies Involvement

ADEN, Feb 2 (Reuters) – Warships shelled suspected al Qaeda strongholds in a mountainous region of southern Yemen on Thursday, government officials said.

February 2, 2017
Total Views: 23

South Korea Court: Hanjin to Declare Bankruptcy This Month
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South Korea Court: Hanjin to Declare Bankruptcy This Month

SEOUL, Feb 2 (Reuters) – A South Korean court said on Thursday it decided to end Hanjin Shipping Co Ltd’s court receivership process and expects to

February 2, 2017
Total Views: 75

capesize bulk carrier
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Capesize Rates to Hold Steady on Ample Ship Supply

By Keith Wallis SINGAPORE, Feb 2 (Reuters) – Freight rates for large capesize dry cargo vessels on key Asian routes are likely to hold around the current

February 2, 2017
Total Views: 64

Wednesday, February 1, 2017
cargo ship
News

Trump’s Immigration Ban and Its Implications for the Maritime Industry

President Trump’s Executive Order on immigration and travel to the United States has immediate implications for ships calling at U.S. ports, particularly

February 1, 2017
Total Views: 75

Shell Shows How to Remove Obstacles to North Sea Oil Deals
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Shell Shows How to Remove Obstacles to North Sea Oil Deals

(Bloomberg) — Royal Dutch Shell Plc’s $3.8 billion sale of North Sea oil and gas fields creates a model for further transactions in a region where the

February 1, 2017
Total Views: 76

Rhine and Danube Water Levels Rising Fast in Germany
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Rhine and Danube Water Levels Rising Fast in Germany

HAMBURG, Feb 1 (Reuters) – Water levels on the Rhine and Danube in Germany were rising rapidly on Wednesday after recent rain and as warmer weather

February 1, 2017
Total Views: 134

MSC Confirms Acquisition of Hanjin’s Stake in U.S. Ports Operator
Ports

MSC Confirms Acquisition of Hanjin’s Stake in U.S. Ports Operator

LONDON, Feb 1 (Reuters) – A unit of Swiss shipping group MSC has bought a stake in U.S. ports operator Total Terminals International (TTI) from Hanjin,

February 1, 2017
Total Views: 112

NGO Shipbreaking Platform: Use of ‘Polluting’ South Asia Scrap Yards Accelerating
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NGO Shipbreaking Platform: Use of ‘Polluting’ South Asia Scrap Yards Accelerating

A total of 862 ships were dismantled worldwide in 2016, the vast majority of which ended up in South Asia on the beaches of India, Pakistan, and Bangladesh,

February 1, 2017
Total Views: 106

Alphaliner: 100+ Panamax Containerships Must be Scrapped to Reach Break-Even Levels
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Alphaliner: 100+ Panamax Containerships Must be Scrapped to Reach Break-Even Levels

By Gavin van Marle (The Loadstar) – At least 100 panamax-class containerships need to be scrapped if owners are to see charter rates return to break-even

February 1, 2017
Total Views: 209

CMA CGM, Total Sign Low Emission Fuel Partnership
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CMA CGM, Total Sign Low Emission Fuel Partnership

PARIS, Feb 1 (Reuters) – Container shipping group CMA CGM has signed an agreement with Total under which the oil and gas major will supply lower emission

February 1, 2017
Total Views: 34

Tuesday, January 31, 2017
Bath Iron Works Lays Keel for U.S. Navy’s Third and Final Zumwalt Destroyer
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Bath Iron Works Lays Keel for U.S. Navy’s Third and Final Zumwalt Destroyer

General Dynamics Bath Iron Works in Bath, Maine has laid the keel of the third and final ship in the U.S. Navy’s Zumwalt-class of high-tech and

January 31, 2017
Total Views: 299

U.S. Senate Confirms Chao to Head Transportation Department
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U.S. Senate Confirms Chao to Head Transportation Department

In a 93 to 6 vote, the U.S. Senate on Tuesday confirmed Elaine Chao as head of the U.S. Department of Transportation in the Trump Administration. Hours later

January 31, 2017
Total Views: 84

hanjin ship
News

Hanjin Parent May Be Liable as Port of New York Pension Fund Joins Debtor Queue

By Gavin van Marle (The Loadstar) – As debt claims against bankrupt South Korean carrier Hanjin Shipping continue to mount in both the US and South

January 31, 2017
Total Views: 36

dht ann vlcc supertanker
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DHT Tankers Says Value Above Frontline’s Bid

OSLO, Jan 31 (Reuters) – Tanker firm DHT Holdings estimated its net asset value at $5.7 per share on Tuesday, above a non-binding all-share offer made by

January 31, 2017
Total Views: 85

Philippines Asks China to Patrol Piracy-Plagued Waters
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Philippines Asks China to Patrol Piracy-Plagued Waters

MANILA, Jan 31 (Reuters) – Philippine President Rodrigo Duterte on Tuesday said he had asked China to help in the fight against Islamic State-linked

January 31, 2017
Total Views: 115

U.S. Navy Ship Runs Aground Off Japan
Interesting

U.S. Navy Ship Runs Aground Off Japan

The U.S. Navy’s guided missile cruiser USS Antietam ran aground off the coast of Yokosuka, Japan on Tuesday, damaging the ship’s props and

January 31, 2017
Total Views: 412

Shell Sells North Sea Fields as Disposals Accelerate
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Shell Sells North Sea Fields as Disposals Accelerate

  By Rakteem Katakey, Andy Hoffman and Angelina Rascouet   (Bloomberg) — Royal Dutch Shell Plc, looking to pare debt swollen by last

January 31, 2017
Total Views: 40

seadrill rig
News

Seadrill Seeks Minimum $1 Billion Lifeline as Debt Deal Delayed Again

By Gwladys Fouche and Joachim Dagenborg OSLO, Jan 31 (Reuters) – Oil rig firm Seadrill is looking to raise at least $1 billion in new capital as it

January 31, 2017
Total Views: 116