By MarEx 2015-07-22 15:23:12 One crew member died and 11 others were rescued following the sinking of the M/V/ Akel after the ship collided with a bulker. The Akel and the M/V Sengul-K were both ...
Another Bosphorus Accident -one dead, 11 Rescued
New Method for Cutting Offshore Unit Construction Costs
By MarEx 2015-07-22 09:58:52 Variations in owner, operator and regulatory requirements during engineering and construction phases at South Korean shipyards present a huge challenge for operators and ...
Israel’s Haifa port sets productivity record
Israel's Haifa port set a productivity record last week while servicing ZIM Los Angeles, an 8,200 teu fully cellular container vessel. Six STS cranes at Haifa's Carmel Container Terminal handled 318.8 ...
MacGregor drags down Cargotec Q2 results
Cargotec has posted an 11% year-on-year (y/y) slide in second-quarter orders after gains at Kalmar and Hiab were outweighed by a slump at its MacGregor business unit. The Finnish cargo-handling ...
Self-propelled barge opens up Thames transport
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 ...
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 ...
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