Hanjin Shipping posts loss of $732m in 2011 2012-2-1Hanjin Shipping, South Korea's largest container carrier by sales, reported a net loss of more than $700 million last year compared with a profit the previous year after recording a dismal fourth quarter performance.
New Report Studies Arms Smuggled As Normal Freight Via Container Shipping 2012-2-1A report published yesterday by the Stockholm International Peace Research Institute (SIPRI) reinforces the points made in the Handy Shipping Guide article last May that suspect cargoes are regularly being transported in freight containers on vessels which themselves do not belong to countries directly involved in sanction breaking activities.
Maersk Switches To Low-sulfur Fuel 2012-1-31Maersk Line will switch to low-sulfur fuel while at berth for all of its containerships calling the Port of Virginia in the US starting in February.
It May Take About 10 Months To Remove Capsized Cruise Ship 2012-1-31The cruise ship that capsized off Italy's coast will take up to 10 months to remove, officials said, as rough seas off the Tuscan coast forced the suspension of recovery operations.
Odessa 2012 2012-1-31In October 23-25, 2012 in Odessa the 10th international exhibition-symposium on shipping, shipbuilding, ports development "Odessa 2012" opens its doors.
The conference will open its doors on October 2012-1-31What are the directions, problems and factors of development of cargo and passenger transportation by water transport, what measures of the state support should be considered for the development of the shipbuilding industry of Ukraine, what are the requirements for modern shipbuilding materials, as most fully use the potential of inland water transport on the basis of the implementation of its strategic advantages?
Nantong COSCO Heavy Industry Co.,Ltd and Italy Remazel Co. signed a cooperation agreement 2012-1-31The signing ceremony of cooperative agreement between Nantong COSCO Heavy Industry Co.,Ltd. (CHIC) and Italy Remazel Co. was held in Shanghai.
European Ship Owners Seen To Seek US Court Bankruptcy Protection 2012-1-30European shipowners will increasingly seek bankruptcy protection in the US in 2012 as they attempt to retain control of their fleets while negotiating with lenders, said law firm Cadwalader, Wickersham & Taft LLP.
Stricken Ship Passengers Ponder Compensation 2012-1-30Herbert Greszuk was at the bar on the fifth deck of the Costa Concordia when the ill-fated luxury liner hit a reef.
UN Supports IMO Anti-Piracy Campaign 2012-1-30The International Maritime Organization (IMO) has been assured of the support by the United Nations (UN) to combat piracy off the coast of Somalia.
SeaFrance staff shun SNCF jobs 2012-1-30Just over 500 former SeaFrance workers have opted for redundancy rather than accept a job within the collapsed ferry operator's parent group, SNCF.
Congestion surcharges at Mombasa 2012-1-30MSC has become the latest shipping line to impose a port congestion surcharge on all cargo moving to the Kenyan port of Mombasa from 1 February.
Tsakos Energy Navigation Limited declares quarterly dividend 2012-1-29The Board of Directors of Tsakos Energy Navigation Limited has declared a quarterly dividend of $0.15 per share of common stock outstanding.
Essar to ship coal from own Indonesian mine 2012-1-29It has been reported that the Ruia-led conglomerate, Essar, is considering shipping coal from one of its mines in Indonesia, which has an estimated reserve of 64 million tonnes, to fuel its power projects in India, according to Exim News Service.
Bureau Veritas approves LNG-powered ultra-large containership 2012-1-29Leading international classification society, Bureau Veritas, has given in-principle approval for the basic design of a 14,000-TEU containership to be powered by LNG.
Carriers remove 10pc of eastbound transpacific capacity in Q4 2012-1-29Container shipping capacity allotted to the eastbound leg of the transpacific trade route shrank by 10 per cent in the fourth quarter of 2011, according to the latest World Liner Supply Report from ComPair Data.
OOCL revenue falls 1.5pc 2012-1-29Hong Kong's Orient Overseas (International) Limited (OOIL), the parent company of the world's 12th largest liner OOCL, has posted a fourth-quarter revenue decline of 11.2 per cent year on year to US$1.34 billion from $1.52 billion due to low demand and soft rates.
UN: Efficient ports drive global trade 2012-1-24The United Nations says improved port efficiency is at least partly behind developing countries¡¯ increasing share of global trade.
Will Dunkirk LNG terminal disrupt ferries? 2012-1-23Managers at the port of Dunkirk have refuted claims in local newspaper La Voix du Nord that the construction of an LNG terminal, scheduled to open in 2015, will cause congestion on the cross-Channel ferry trade.
Emirates Shipping revamps China service 2012-1-23Emirates Shipping Line is to enter into a partnership with Hapag Lloyd and RCL on its restructured Hypergalex service.
