Hoegh LNG Holdings of Norway has raised NOK844 million (USD100 million) in a private placement of shares. The listed LNG carrier and floating storage and regasification unit (FSRU) company in the Leif ...
Share placement nets Hoegh LNG USD100 million
HMM parent and KEXIM in financing tie-up
Hyundai Group, the parent of Hyundai Merchant Marine, will collaborate with the Export-Import Bank of Korea (KEXIM) in what has been termed a "strategic business". The collaboration covers specially ...
Union goes to law over Canadian permits for foreign crew
The Seafarers' International Union of Canada has filed a lawsuit against the Canadian Border Services Agency over the granting of temporary work permits to foreign sailors on foreign ships delivering ...
China clears wrecked containers at core area of Tianjin port blast
Wrecked containers at the main area of a warehouse explosion in Tianjin port have been cleared out as of 8 September, announced the local government. The remaining steel structures, frames, and other ...
COSCO orders 11 mega box ships for $1.5Bn
China's largest shipping company, COSCO, on 9 September placed an order for 11 19,000 teu container ships at four domestic shipyards. This is the largest single order for container ships Chinese yards ...
ReCAAP ISC: 18% rise in piracy incidents during January–August 2015
Singapore-based anti-piracy watchdog ReCAAP Information Sharing Centre (ReCAAP ISC) reported an 18% increase in piracy incidents during the January-August 2015 period from a year ago. According to ...
Sinotrans & CSC launches shipping-specialist subsidiary in Shanghai
Sinotrans & CSC, China's third-largest shipping and logistics conglomerate, set up a shipping-specialist subsidiary in Shanghai on 9 September. The new entity was named China Economic and Trade ...
Tianjin Tianhai Investment revises VLCC ordering plan
Shanghai-listed Tianjin Tianhai Investment (TIC), formerly known as Tianjin Marine Shipping (TMSC), has revised its very large crude carrier (VLCC) ordering plan to four with another four optional ...
BIMCO anti-piracy appeal rejected
The shipping industry, which wants a crackdown on illegal fishing off Somalia because it is fuelling piracy, has been told that the EU Naval Force (EU NAVFOR) cannot help. International shipping ...
US trans-Pacific lines seek export rate bump
Box lines in the US-Asia container trades are pushing for freight rate increases from export customers as a result of pent-up demand forecast in Q4 15. The Transpacific Stabilization Agreement (TSA), ...
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