Teekay's tug, Bulgu, hit a humpback-whale calf while towing a BHP Billiton Mitsubishi Alliance-operated bulk carrier out to sea at the Australian coal port of Hay Point on the Great Barrier Reef, on ...
Teekay tug hits whale at Australian coal port
China’s coal imports drops 31.3% y/y from January to August
China has imported a total of 138.6 million tonnes of coal from January to August this year, 63.2 million tonnes less year on year (y/y), and representing a 31.3% decrease. The total value of the ...
CSSC (Hong Kong) Shipping to finance Yuanheng Gas
CSSC (Hong Kong) Shipping Company, a shipowning subsidiary of China State Shipbuilding Corporation (CSSC), has agreed to jointly provide USD10 million in finance for Hong Kong-listed Yuanheng Gas, a ...
Bizpost Korea and Chinese partners to invest in Incheon’s Golden Harbor
The South Korean unit of Korean-American iron ore supplier Bizpost and its Chinese partners will invest KRW1 trillion (USD838 million) in Incheon port's Golden Harbor project. The Golden Harbor ...
Lawyers say tanker ban ‘comfort letters’ likely “unenforceable”
The president of Nigeria has issued a new directive suggesting tankers banned from lifting in Nigeria may re-enter with a 'letter of comfort', but lawyers from Holman Fenwick Willan LLP says it may be ...
DryShips to wind down
DryShips has confirmed plans to sell its remaining fleet, with vessels yet again shifting to founder George Economou's private account. The NASDAQ-listed company has agreed to sell 17 of its 39 ...
US box imports continue to climb
Container business at America's major box terminals continued a steady growth trend that began earlier in the year as US retailers head into the peak shipping season. Overall import volume is expected ...
Speculation as Nigeria lifts tanker ban
The president of Nigeria has issued a directive suggesting a ban on certain tankers trading in the country may have been lifted, IHS Maritime has learned. The ban followed a directive by the president ...
HMD expands orderbook
South Korea's Hyundai Mipo Dockyard has penned yet another contract, its fourth in the last two weeks. Piraeus-based Evalend Shipping has placed an order for up to four LPG carriers, two of which are ...
Seoul presses KDB to sell DSME stake
The South Korean financial watchdog has asked state-run policy lender Korea Development Bank (KDB) to sell its shares in companies that are not part of its core business. Embattled shipbuilder Daewoo ...
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