London's River Thames will carry increasing quantities of building materials through the launch of an innovative self-propelled work barge and its sister vessel, according to their operator and ...
Self-propelled barge opens up Thames transport
DSME CEO pledges to resolve crisis
Daewoo Shipbuilding & Marine Engineering (DSME) will restructure to resolve financial difficulties highlighted in recent "embarrassing" news stories, according to CEO Jung Sung-Leep. In a ...
VLGC rates dive as traders relet ships
After reaching a 2015 high of USD137.938 per tonne on 15 July, rates to ship LPG on very large gas carriers (VLGCs) have since been falling. On 21 July, rates averaged USD129.375 per tonne, working ...
Chinese shipyard new orders to drop 58% y/y, says CANSI
Chinese shipyards' new orders are expected to drop at least 58% year on year (y/y) from 60 million dwt in 2014 to 20-25 million dwt in 2015, according to China National Association of Shipbuilding ...
VARD posts $6.2m loss in 2Q15
Singapore-listed Norwegian offshore support vessel builder VARD Holdings posted a NOK51 million (USD6.2 million) loss for the second quarter of 2015. The result reversed a NOK105 million profit for ...
Ship fined for reef pollution
An Australian court has fined the master and owner of the Hong Kong-flagged ANL Kardinia for dumping garbage on the Great Barrier Reef. The Australian Maritime Safety Authority (AMSA) announced on 22 ...
Top Ten Maritime News Stories 22/07/2015
Posted on: Wednesday, July 22nd, 2015 By: Szymanski Seacurus Daily: Top Ten Maritime News Stories 22/07/2015 1. Suez Canal Trials Channels Trial operations will begin on the new Suez Canal ...
BHP announces 13% hike in ore output
BHP Billiton's Pilbara iron ore production rose under 15% for fiscal year 2015 (FY15), but enough to send shivers through the Australian stock market and iron ore juniors. The iron ore output of 254 ...
China Says Japan “Two-Faced”
By Reuters 2015-07-22 01:14:56 China reserves the right to a "necessary reaction" after Japan issued a defense review that called on Beijing to stop building oil and gas exploration platforms close ...
Port Project in Great Barrier Reef Faces Delays
By MarEx 2015-07-22 01:06:24 India's Adani Mining has suspended two major contractors on its A$10 billion ($7.4 billion) Carmichael coal project in Australia, the Sydney Morning Herald reported on ...