Canada-based Thordon Bearings has signed a landmark US contract - its first major container ship deal and the largest commercial ship propeller shafts to be fitted with its COMPAC seawater-lubricated ...
Thordon Bearings wins milestone deal
MOL posts gains from charter terminations
Mitsui OSK Lines (MOL) said on 14 October that it had realised some net gains after cancelling some charter contracts for dry bulk carriers. Japan's biggest shipowner was responding to media reports ...
Korea Line seals six-year TC contract with Hyundai Glovis
South Korean shipping company Korea Line Corporation (KLC) said on 14 October that it had signed a long-term timecharter (TC) contract with compatriot logistics firm Hyundai Glovis, part of Hyundai ...
China to drive box trade ‘for years to come’
China will remain the driving force in global container trades for years to come, with scant possibility of another region emerging to challenge its dominant position, according to a senior ...
Idle LNG carrier fleet growing
The number of unemployed LNG carriers has been growing as the spot shipping market stays stagnated. Vessel-tracking data from IHS Maritime's Market Intelligence Network shows that as many as 40 LNG ...
Jinzhou Port to go for shareholding change
Shanghai-listed Jinzhou Port has halted trading as its controlling shareholder Dalian Port Group is planning for a major restructuring deal involving a shareholding change in the company. Currently, ...
Singapore’s bunker sales up 9%, throughput falls 13.6%
Singapore's bunker sales saw an increase of 9% year-on-year to 3.8 million tonnes for September 2015, according to preliminary data from the Maritime and Port Authority of Singapore (MPA). The world's ...
OECD countries call for IMO emissions accountability
In the run-up to the UN's climate change conference in December, an international economic organisation representing developed nations has called for drastic measures to curb shipping emissions. The ...
Think tank calls for IMO emissions accountability
In the run-up to the UN's climate change conference in December, an international economic organisation representing developed nations has called for drastic measures to curb shipping emissions. The ...
K+N lifts profits despite market headwinds
Leading global ocean freight forwarder Kuehne + Nagel (K+N) today reported a substantial increase in earnings for the first nine months despite lacklustre cargo volumes and heightened exchange rate ...