Farstad Shipping, the listed Norwegian offshore services vessel owner, is to lay up five ships in an anticipation of further weakening of the market. A company statement said Farstad planned to lay up ...
Pessimistic Farstad to lay up five ships
High season fails to lift container rates
Present high season in container shipping has not been strong enough to support freight rates and it is questionable whether the capacity cuts that alliances of lines have unveiled will be enough to ...
UK P&I Club and TT Club welcome container weighing prior to loading onto ships
Posted on: Friday, October 2nd, 2015 By: Debbie Source: UK P&I Club UK P&I Club, one of the leading shipping protection and indemnity mutual insurers and TT Club, the leading international ...
Hanjin Shipping may sell stake in H-Line Shipping
South Korea's Hanjin Shipping, which has been trying to boost its liquidity since 2013, is considering selling its stake in H-Line Shipping. The sale could secure KRW150 billion (USD139.35 million) ...
Maersk Line starts direct Thailand to Australia service
Maersk Line has launched first direct Thailand to Australia service starting from October 2015. The container shipping giant will make port-of-call in Laem Chabang, Thailand, connecting it with the ...
Pan Ocean executes fresh round of debt-to-equity swaps
South Korean bulker operator Pan Ocean has executed another round of debt-to-equity swaps on 1 October. This saw 1,505,135 shares being issued to creditors at a price of KRW12,500 (USD10.58) ...
Milestone Chemical Tankers pool disbanded
Just two years after its formation, the Milestone Chemical Tankers pool has been dissolved. The pool was started on 9 September 2013 by Mitsui OSK Lines subsidiary Tokyo Marine Asia and Norwegian ...
SBI Offshore bags first solar power job
Singapore-listed SBI Offshore has won a contract for the sale of solar power in the Maldives. The contract marks SBI Offshore's first solar power contract after shareholders in September approved the ...
Major milestone for project ¡VAMOS!
The Viable Alternative Mining Operating System (¡VAMOS!) project, funded by the EU's Horizon 2020 research and innovation programme, now has conceptual design plans for a submerged mining vehicle ...
Indian Register of Shipping forms advisory committee in Singapore
The Indian Register of Shipping (IRClass) has established an advisory committee in Singapore in a bid to expand its footprint in Southeast Asia. The committee, comprising members from leading maritime ...
Footer
