News

Antwerp-based tanker operator Euronav has posted its best quarterly results since Q3 2008 with first quarter profits up from USD1.37 million last year to USD80.85 million this year.
Chief executive Paddy Rogers responded ebulliently to the company’s improved results, which follow an USD45.80

Tropical cyclone Quang is forecast to hit Exmouth and the port of Ashburton Saturday morning, according to warnings from the Australian Bureau of Meterology, but bypass the Pilbarra’s main iron ore ports of Dampier and Port Hedland.
Pilbarra Ports today announced they had begun clearing the port of

Maersk has said it believes the actions of Iran in arresting the container ship Maersk Tigris in the Strait of Hormuz on 28 April is “illegal” .
Speaking to IHS Maritime today, Maersk representative Michael Christian Storgaard said it was “illegal from a UN point of view to seize a commercial

A Chinese national who disappeared from a Hong Kong-registered bulker last year was probably eaten by sharks, an Australian coroner’s report has concluded.
Sun Peng, 30, disappeared from vessel Great Talent while off the coast of Weipa, Australia on 23 March 2014. He had been involved in a ‘drunken

Japan’s ‘Big Three’ shipping companies – Mitsui OSK Lines (MOL), Nippon Yusen Kabushiki Kaisha (NYK Line), and Kawasaki Kisen Kaisha (K Line) – posted mixed results for their full-year earnings.
Japan’s financial year (FY) starts on 1 April and for FY2014, MOL’s profit fell 26% year on year (y/y)

One of the world’s fastest growing economies wants to be known within the maritime industry for being more than the number one provider of commercial seafarers.
A delegation of representatives from the Philippine government and private sector are in Washington, D.C., to promote that message and