Freight rates for VLCCs have surged by 15 Worldscale points since last week as chartering for October sailings gets under way. On 21 September, the Baltic Dirty Tanker Index assessed the benchmark ...
Winter surge starts for oil tankers
HHIC cancels bulker orders
South Korean shipbuilder Hanjin Heavy Industries and Construction (HHIC) said on 22 September that it has terminated orders for two Capesize bulkers after the customer defaulted on a payment ...
Analysis: High-tech ships threaten seafaring skills
A new tier of personnel for technologically advanced ships might steal the cream of maritime jobs from seafarers, IHS reports. Seafarer skills have always had to evolve to meet the advancement of ...
Qingdao port throughput up during January–August
China's Qingdao port handled 336 million tonnes of cargo during January-August 2015, up 4.45% year on year, showed data released by the port authority on 18 September. The port has completed 70.4% of ...
Kleven wins cable layer order from ABB
Kleven Maritime, the privately owned Norwegian shipbuilding group, said it has won an order for an advanced cable layer from ABB, the Swiss-Swedish electrotechnical giant. The ship, which is a SALT ...
Husky terminates $1bn contract with Seadrill
Seadrill, the London-based listed company in the centre of John Fredriksen's drill ship and rig operations, said in a statement it has received a notice of termination of a contract worth up to USD1 ...
Sinotrans & CSC plans to place order for two MR tankers with options for another two
Sinotrans & CSC plans to place an order for two medium-range (MR) tankers with options for another two at Guangzhou Shipyard International, which will be bareboat-chartered to the group's ...
Triton Investments to acquire struggling Singapore rig owner
Struggling Singapore-based rig owner Jasper Investments said on 21 September that it will be acquired by compatriot investment holding company Triton Investments. Triton, together with another ...
Alliance orders five LNG carriers
China LNG Shipping (CLNG), Greek shipowner Dynagas, and Sinotrans Shipping have forged a USD1.59 billion deal to order five arctic LNG carriers for the Yamal LNG project. The three parties will take a ...
Tanker owners probed for Ulsan breach
Twenty-six people, comprising the masters and owners of 13 oil and chemical tankers and their relevant company officials, have been charged with violating the Maritime Safety Act. The Ulsan Coast ...