Updated: Fire extinguished on evacuated car ferry

The fire aboard the car ferry Sorrento was reported to be under control this afternoon – 24 hours after the evacuation of its 156 passengers and crew.
Spanish news agencies said that the authorities were waiting for it to be completely extinguished before sending personnel aboard the vessel prior to taking it under tow, probably to the port of Palma in Majorca.

Crew of Seized Maersk Vessel Reported Safe

By Reuters 2015-04-29 09:01:59 Danish shipping company Maersk said on Wednesday the crew of the Maersk Tigris container ship were safe and “in good spirits” after Iranian authorities seized the vessel in the Strait of Hormuz the previous day. Iranian patrol boats fired warning shots as they intercepted the vessel, stoking tensions in one of…


DHT reports strong improvement in 1Q15

DHT Holdings, the New York-listed crude oil tanker company managed from Oslo, has reported a strong improvement in result in the first quarter of 2015 (1Q15) on a firmer market and bigger fleet.
Group net profit amounted to USD23.2 million in 1Q15 compared with a loss of USD0.5 million in the same

Dawei port project on the move

One of the parties involved in the development of Dawei port has confirmed movement on the project, while declining to give details.
Dawei is planned to be a mega-port on Myanmar’s coast, well-connected to Thailand by yet-to-be-built transport infrastructure.
The plan is backed by the Thai

Sinopacific delivers first SP AHTS

Sinopacific Shipbuilding Group has successfully delivered its first independently designed medium-sized anchor-handling tug supply (AHTS) offshore vessel in the SP series on 28 April.
Ossoy, the first of four newbuilds in the SPA150 AHTS series, was delivered to Russian shipowner FEMCO Group at the

Samudera posts higher profit in Q1

Singapore-listed container shipping company Samudera Shipping Line posted a profit of USD6.1 million for the first quarter ended 31 March 2015, much higher than its USD0.4 million profit in the first quarter of 2014.
The first quarter’s higher profit was recorded despite a year-on-year (y/y) drop

CMES’ profit surges 22.6% in Q1 2015

Shanghai-listed China Merchants Energy Shipping (CMES) on 29 April posted a profit of CNY225 million for the first quarter of 2015, surging 22.6% from the same period of 2014.
The company recorded revenue of CNY1.4 billion in the first quarter of 2015, rocketing 106.2% year on year (y/y), and its