Petredec Limited has announced today that contracts have been signed with Hyundai Heavy Industries (HHI) to build up to four Panamax VLGC'S. The signed contract is for two firm 78,700 cbm LPG carriers ...
HHI win LPG carrier order
DSME gets boost from Angelicoussis Group
Embattled Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has received its first orders after posting a massive loss in the second quarter of 2015 (2Q15). Maran Tankers ...
Maritime losses are clear ‘wake-up call’ to underwriters
Losses that have hit the maritime sector this year are a clear wake-up call for underwriters across the world, the chairman of the cargo committee for the International Union of Marine Insurance ...
Chinese shipyard new orders slump
China's shipyards saw orders fall by 68.3% to 15.1 million dwt between January and August compared with the same period of 2014, the China National Association of Shipbuilding Industry (CANSI) ...
China’s iron ore freight rate climbs in August
China's average freight rates for iron ore imports climbed 8.5% to USD15.8 per tonne in August from July, as average prices of iron ores dropped month on month in August. The average price of iron ore ...
Chinese ports’ throughput growth slows
China's 30 main ports handled 7.63 billion tonnes of cargo between January and August, up 2.8% on the same period in 2014. But this was less than the 4.8% annual growth in the previous year, data ...
NauticAWT plunges into loss
Singapore-listed offshore engineering company NauticAWT suffered a loss of USD2.3 million for the first half of 2015, as compared with a profit of USD1.7 million recorded a year ago. The company ...
China accounts for 25% of Rotterdam’s container throughput
Some 25% of containers handled at Rotterdam's port are from China, data released by Statistics Netherlands showed. The number of containers from China grew 9% in 2014 and the growth continued to early ...
Top Ten Maritime News Stories 15/09/2015
Posted on: Tuesday, September 15th, 2015 By: Szymanski Seacurus Daily: Top Ten Maritime News Stories 15/09/2015 1. Verdict in on Ultra Box Ships Global shipping consultancy Drewry says a recent ...
New IACS Chairman Sets His Agenda
By MarEx 2015-09-15 01:06:04 ABS Chairman, President and CEO Christopher J Wiernicki has set out his priorities as incoming International Association of Classification Societies (IACS) chairman, ...