By Kathryn Stone 2015-05-12 13:33:06 A South Korean appeals court passed down a reduced sentence Tuesday for the CEO of the company operating the Sewol ferry, a vessel that sank last year killing ...
Executive Receives Reduced Sentence for Ferry Disaster
Container Shipping in Cuba Receives Logistics Boost
By Kathryn Stone 2015-05-12 10:44:35 Container shipping in Cuba is set to receive a significant boost as one of the world’s largest container ship operators entered into agreements Monday to build a ...
Subsea 7 to cut 2,500 jobs and a quarter of its fleet
Subsea 7, the London-based seabed to surface construction company that is listed in Oslo, said that it will cut 2,500 jobs and a quarter of its fleet. The decision has been made against the background ...
Shipping Industry Faces Major Dilemma on Ballast Water Management
Posted on: Tuesday, May 12th, 2015 By: Debbie Source: Round Table The Round Table (RT) of International Shipping Organisations (comprising BIMCO, the International Chamber of Shipping, Intercargo and ...
Gard returns more premium after strong year
Leading mutual P&I and marine insurer Gard is going to waive USD37 million in premium collections from its members following another strong performance last year. The Norwegian club today posted ...
HRAS alerts shipping to Andaman Sea migrant crisis
Pressure group Human Rights at Sea (HRAS) is urging commercial ships to be alert to and be prepared to help vessels that might be carrying large numbers of trafficked people in the Andaman Sea. HRAS ...
DS Norden reports strong start of year on tankers
A strong performance of its product tanker fleet and increased valuation of dry bulk hedging instruments helped DS Norden, the listed Danish shipping group, to report a strong start to the year. Group ...
Drop in Capesize value could drive recovery
The low market value of older Capesize vessels may prompt a steeper than expected recovery in the dry bulk sector, according to shipping analysts. The gap between the second-hand and scrap value of a ...
Lauritzen forecasts deeper loss in dry bulk gloom
J Lauritzen, the privately owned Danish shipping group, expects a deeper full-year loss than previously forecast as its key dry bulk shipping sector endures its worst market conditions in three ...
DSME considers buying STX France stake from KDB
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) confirmed on 12 May that it is considering buying a stake in cruise-ship builder STX France. DSME said in a Korea Exchange ...
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