The Australian federal government today announced it is to axe legislation introduced to promote Australian-flagged shipping and will deregulate the coast. While the move has been hailed by Shipping ...
Australia moves to axe cabotage
Maersk Line profit soars to $714m in 1Q15
Maersk Line, the container shipping unit of the AP Moller-Maersk (APMM) group in Denmark, has reported a sharp rise in net profit in the first quarter of 2015 despite a drop in volumes and ...
Maersk predicts container volume growth in 2015
Global container shipping volume is likely to grow at the low end of the 3% to 5% range, according to the Danish transportation and energy conglomerate AP Maersk-Moller (APMM). "The volume growth ...
STX Dalian goes unsold at first auction
The first auction of six subsidiaries of the STX Dalian Group, the bankrupt subsidiary of South Korea's STX Corporation, was called off on 12 May after failing to find a bidder. The assets of the ...
Severe weather hampers MH370 search
Severe weather has hampered the search for missing Malaysian passenger aircraft MH370 for the second week running, with the survey vessel Fugro Supporter pulling out of the search. Deteriorating ...
Thai rice exports may drop this year
Thai rice exporters are signalling that exports of their produce will fall, triggering changes in demand in where it is shipped to. "Since Thai rice prices are still higher than our competitors ...
Dispatches No. 244
Posted on: Wednesday, May 13th, 2015 By: Szymanski Last Week: 06 May Cyprus, InterManager Mass Rescue at sea Workshop in Cyprus – Capt. Kuba Szymanski organising. If you are interested in ...
Hapag-Lloyd swings to first quarter profit
German container line Hapag-Lloyd returned to profit in the first quarter of 2015, buoyed by a steep drop in fuel costs and first operational synergies with the CSAV container shipping business it ...
Vard records $30m loss in 1Q15
Singapore-listed Norway-based shipbuilder Vard Holdings has posted a loss of NOK226 million (USD30 million) for the first quarter ended 31 March 2015, compared with a profit of NOK85 million in the ...
Delfin applies for first US floating LNG port
Delfin LNG has applied to the US Maritime Administration (MarAd) and the US Coast Guard (USCG) to approve what will be the first US deepwater floating LNG port. The proposed Port Delfin, about 80 km ...
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