Monthly Archives: March 2017

South Korea's Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI) said that they will strive to boost their profitability via increased orders and continued cost-cutting measures, reports Yonhap. According to Park Dae-young, president of SHI…

Songa Bulk has sealed two more bulker acquisitions as its fleet. According to a report in Reuters, the company entered into an agreement to acquire two kamsarmax bulk carriers built in 2008 at tsuneishi japan (82,107 dwt) and 2011 at hyundai samho kore...

Last year saw a record level of boxship demolition, and this rapid pace of scrapping was sustained into early 2017 with a record monthly level of boxship recycling recorded in January and nearly 0.2m TEU scrapped so far this year, Clarksons Research re...

Three foreign investors have bid for the majority stake in Greece's Thessaloniki Port, reports Reuters. Phillipines-based International Container Terminal Services (ICTS), Dubai-based P&O Steam Navigation Company (DP World) and German private…

BW LPG Limited has signed a Debt Facility Agreement of USD290 million for the re-financing of six 2016 built ex-Aurora ships. The re-financing has been raised from The Export-Import Bank of Korea (KEXIM) as ECA (Export Credit Agency) lender…

Less than six months out of basic training, Seaman Maritime Logistics - Personnel Operations Jasmine Lortan is already on the front line of a multi-national operation to counter terrorism and promote maritime security in the Middle East. Seaman Lortan is one of 190 sailors crewing HMAS Arunta…

The container ship CMA CGM Fidelio caught fire on 15 nautical miles off Puerto de San Miguel (Ibiza), Spain. The vessel was en route from Valencia to Malta, when flames erupted in the superstructure. The Spanish Navy and Maritime Rescue attended…

JSW Group will invest INR 7,000 crore (USD 1.1bln) more in the ports sector over next three years to create assets in the country as well as abroad, PTI reported. The company is also looking at diluting up to 15 percent stake in the ports operating company…

The Australian Navy's eight Anzac class frigates are now all back in the water post anti-ship missile defence upgrades, with HMAS Stuart undocking at the Henderson shipyard in Western Australia. She will now commence trials of her state-of-the-art syst...

Netherlands, based shipping company Wijnne Barends reports that it recently placed an order with India shipbuilder Chowgule & Company for the construction of six identical, energy-efficient vessels, local media reported. The shipyard in Goa will  build this energy-efficient 4…