The European Union's securities markets regulator has dropped proposals to make participants in the multi-billion dollar commodity derivatives market for freight rates disclose knowledge of loading conditions, the Baltic Exchange said. The European…
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Euronav Pushes Delivery of Two VLCCs at HHI
Euronav NV announces today that it has agreed with Hyundai Heavy Industries (“HHI”) shipyard in South Korea to defer the delivery of the two VLCC ex-yard resale vessels it recently purchased to the first quarter of 2017. Thanks to the excellent relationship that the Company enjoys with HHI…
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India to Double LNG Import
India plans to double its LNG import capacity in one year to augment gas based transport systems. The country will seek help from Russia and the US to make such ambitious plan possible. India plans to more than double its liquefied natural gas…
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Trawler Almost Capsized by British Submarine
Royal Navy incompetence put an Irish trawler crew at risk after one of its submarines became snagged in a net and nearly capsized the ship. The nuclear-powered sub was sailing out of Faslane on the Clyde in April 2015 when it snagged the Karen's fishin...
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Cosco Raises $1.8bln Capital
China’s COSCO Shipping Development Co Ltd announced a proposed nonpublic issuance of about 3.28 billion shares to specific investors, including its parent company, to raise up to 12 billion yuan ($1.79 billion), reports China Daily. COSCO Shipping…
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Maersk Bullish on India
BRICS bloc export-import (exim) containerised trade with the world registered a growth of 5.8 per cent in the first half of 2016 as against de-growth of 2.2 per cent in the same period last year was "led by India", reports Times of India quoting Maersk Line sources.
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Hanjin Wants to Sell to Maersk
The Seoul Central District Court has approved a divestment of Hanjin Shipping's Asia-US network and the bankrupt carrier has encouraged Maersk Line to bid on the assets, according to The Korea Economic Daily. It was reported that the ailing Korean shipping company recently contacted Maersk Line…
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Low cost Thesis Writing Service
Low cost Thesis Writing Service Defending a higher school magnitude is a really problem even for good individuals. One could not really understand failing the course considering an inappropriate thesis paper. Due to this, thesis writing service has turned out to be an awesome fix for your problem. This kind of academic assignment is thought…
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Blast from the past: comet may have hit Earth 56 million years ago
WASHINGTON (Reuters) - Droplets of glass dug up in New Jersey and from the Atlantic seabed indicate a comet or some other extraterrestrial object may have smacked Earth 56 million years ago, roughly 10 million years after the asteroid impact that doome...
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UK’s Wight Shipyard to Build Two Fast Ferries
The largest fast passenger ferry order for a U.K. shipyard in over 25 years has been confirmed by MBNA Thames Clippers. Two new 170 capacity passenger boats will be built at the Wight Shipyard Co on the Isle of Wight, and will join London’s growing river transport network in summer 2017.
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