By MarEx 2015-08-05 19:50:28 The Australian Federal Government’s approval of Adani’s Carmichael coal mine in central Queensland has been overturned in the Federal Court of Australia. The reason – ...
Great Barrier Reef Plans Stopped by a Snake
China Announces Halt to Reclamation
By MarEx 2015-08-05 19:13:06 China announced on Wednesday that it has ceased its reclamation projects in the South China Sea. The announcement comes after the Association of Southeast Asian Nations ...
Another Rescue of African Migrants
By MarEx 2015-08-05 15:14:36 A fishing boat carrying about 700 African migrants capsized in the Mediterranean Sea. The fishing vessel experienced mechanical difficulties about 15 nautical miles from ...
Shipping Companies Fined by FMC
By MarEx 2015-08-05 14:51:32 Federal Maritime Commission has fined several shipping companies including United Arab Shipping Company (UASC), and several non-vessel operating common carriers (NVOCC) ...
Teekay buys Principal’s Suezmax feet
Teekay Tankers has emerged as the winning bidder for Principal Maritime's Suezmax fleet, ending months of speculation. NYSE-listed Teekay Tankers will pay USD662 million in cash and shares for 12 ...
BW Group wins FSRU contract with Egyptian company
BW Group has won a contract to use a floating storage and regasification unit (FSRU) to regasify LNG for the Egyptian Natural Gas Holding Company (EGAS). The Singapore-based company said the FSRU BW ...
Port of Yokohama’s cargo traffic drops in May
Port of Yokohama's cargo traffic slipped 4.5% year on year to 9.293 million tonnes in May due to a plunge in domestic trade. While the Japanese port's foreign trade crept up 1.3% year on year to 6.185 ...
Inchcape chief Hyldager quits
Captain Claus Hyldager, chief executive of Inchape Shipping Services (ISS) for the last nine years, is unexpectedly leaving his post. The maritime services group said Captain Hyldager decided to step ...
Bourbon lays up 26 supply vessels
French offshore vessel operator Bourbon has taken 26 supply vessels out of service amid the continuing slump in offshore oil and gas activity. More lay-ups could follow and Bourbon will continue to ...
FSL Trust posts five-fold profit rise
FSL Trust Management (FSLTM) posted a profit of USD6.15 million for the second quarter ended 30 June 2015, up 516% year on year on higher revenue. The Singapore-listed shipowner's second-quarter ...