By MarEx 2015-05-04 12:17:58 Maersk Line said on Monday it had met again with the Ports & Maritime Organization (PMO) in Iran regarding the seizure of the vessel Maersk Tigris but has yet to ...
Maersk Meets with Iran over Seized Vessel
Pirates Attack Product Tanker in Malacca Straits
By Kathryn Stone 2015-05-04 10:06:38 A small product tanker, the Singapore registered Ocean Energy, was hijacked and had its fuel cargo stolen as it passed through the Malacca Straits over the ...
Egypt Leases Second LNG Import Terminal
By Reuters 2015-05-04 08:25:26 Egypt has issued a five-year tender to lease a second liquefied natural gas (LNG) import terminal, the head of the state gas board told Reuters on Monday, seeking to ...
Hanjin box ship catches fire off Suez Canal
An ultra-large container ship owned by Hanjin Shipping caught fire as it was about to transit the Suez Canal on 1 May. The Suez Canal Authority said that the 13,000-teu Hanjin Green Earth was 48 km to ...
Growth slows for public companies
Newbuild orders by US-listed shipowners have dropped sharply during the first four months of 2015, according to an IHS Maritime analysis. US-listed companies have purchased or ordered just 29 vessels ...
Yangzijiang delists in Taiwan
Chinese shipbuilder Yangzijiang Shipbuilding Holdings, listed in both Singapore and Taiwan, announced on 30 April that it will terminate its listing in Taiwan. The shipbuilder cited the small trading ...
Chinese ports handled 202 million teu in 2014
Ports in China handled 12.45 billion tonnes of cargos and 202 million teu of containerized cargo in 2014, up 5.8% and 6.4% year-on-year, according to data released by the Ministry of Transport on 30 ...
Westports container throughput surges 17%
Malaysian port operator Westports Holdings (Westports) has seen a 17% year-on-year growth in its container throughput to 2.26 million twenty-foot equivalent units (TEU) for the first quarter that ...
Cosco Corp profit drops 82% in 1Q15
Singapore-listed Chinese shipbuilding and dry bulk shipping group Cosco Corporation Singapore (Cosco) posted a net profit of SGD4.25 million (USD3.19 million), down 82% year-on-year for the first ...
Unprecedented Capesize deluge forces down scrap prices
At least 10 Capesizes and very large ore carriers were offered for demolition sales last week, putting even more pressure on scrap prices. As the Baltic Dry Index shows no sign of sustained ...
Footer
