Overcapacity Trumps Rate Hike Plan, Maersk Shares Fall
(Bloomberg) — A.P. Moeller-Maersk A/S, the world’s largest container line, fell the most in four days in Copenhagen as freight rates out of China
(Bloomberg) — A.P. Moeller-Maersk A/S, the world’s largest container line, fell the most in four days in Copenhagen as freight rates out of China
By Andrew Davis and Chiara Vasarri March 21 (Bloomberg) — Two Italian marines charged with killing fishermen will return to India to stand trial in a bid
UPDATE (Mar. 21): Italian Marines Agree to Return to India to Stand Trial, Diffuse Diplomatic Row By John A.C. Cartner, Special to Piracy Daily Amidst all
By Chijioke Ohuocha LAGOS, March 21 (Reuters) – Nigeria Liquefied Natural Gas Company (NLNG) will sign agreements this week with South Korea’s
By Jonathan Saul LONDON, March 21 (Reuters) – Crude oil tanker earnings on the major Middle East route rose on Thursday, helped by firmer bookings,
Nord Integrity Captain Cut the Power and Drifted for Days to Save Fuel By Isaac Arnsdo (Bloomberg) — A tanker owned by D/S Norden A/S, Europe’s biggest
This timelapse, produced by Discovery Channel and Maersk Line, shows the construction of Maersk Line’s first Triple-E containership at the DSME
By Ari Rabinovitch JERUSALEM, March 21 (Reuters) – Israeli shipping company Zim shrugged off a 58 percent increase in fourth-quarter losses by pointing
On July 16, 1969, the world watched as the historic Apollo 11 mission took off from the Kennedy Space Center in Cape Canaveral, Florida, which of course ended
This timelapse video comes to us via Vigor Industrial, which is building Washington State’s new 144-car ferries at their Seattle shipyard. On March 5,
Jasmine Wang and Aibing Guo (Bloomberg) — China Shipping Development Co.’s venture will order six liquefied natural gas tankers worth about $1.2
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(Bloomberg) — BG Group Plc, the U.K.’s third- largest natural gas-producer, agreed to a long-term sale of liquefied natural gas to India. BG will
What do the Plimsoll Line, iPhone and Nathaniel Bowditch have in common? In the opening presentation of the Connecticut Maritime Association’s Shipping
Knightsbridge Tankers announced today signed contracts for a pair of 182,000 DWT Capesize bulk carriers new-builds from Japan Marine United Corporation (JMU).
Carnival Cruise Lines said Tuesday that it is moving forward with the first implementation phase of a fleetwide operational review in wake of the Carnival
Euronav said Tuesday that it has added an additional $32 million to its 2012 losses from the sale of its newbuild Suezmax tanker, the 157,648 dwt Cap Isabella,
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Israeli container shipping line, ZIM, said Tuesday that it has reached an agreement with Samsung Heavy Industries of South Korea to cancel five newbuildings
A containership identified as the MV GUANG YANG XIN GANG capsized and sank off the eastern coast of China on Monday, killing as many as 13 crewmembers. The
By Rob Sheridan (Bloomberg) — Frontline 2012 Ltd., the shipping company led by billionaire John Fredriksen, almost doubled the number of vessels
FRANKFURT, March 19 (Reuters) – German shipping company Hapag-Lloyd posted higher losses for 2012 due to unexpectedly low cargo volumes as a result of
STAMFORD – For the first time in their 113-year history, Tokyo-based classification society ClassNK has announced growth via acquisition. At the
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