Seven bulk carriers chartered to troubled South Korea’s Hanjin Shipping have been sold, sparked by the failure of the world’s seventh-largest shipping line amid a persistent downturn.
Hyundai Heavy Industries wins USD240 million new orders to build four LNG-fuelled Aframax quartet for Russia’s Sovcomflot, which are slated for delivery from the third quarter of 2018.
The Baltic Dry Index rises as rates for Capesize vessels surge higher, breaching the USD20,000 mark, backed by stronger rates for bulk carriers across other segments.
Delay doesn't affect the launch of the THE alliance at the start of April, Hapag-Lloyd said.
The government said it would propose a new decree next week, adding that he hoped that agreement on it could be reached by next Friday (24 March).
Mitsubishi Heavy Industries is considering spinning off its troubled shipbuilding division as it struggles under weak demand and low orderbook.
Japanese shipping lines plan to revise time-charter contracts for vessels amid structural reforms and prolonged downturn in the sector.
While the hijacking of the bunkering tanker Aris 13 has reportedly ended without casualties or ransom taken, officials in the US and UK are calling on shipowners and governments to renew anti-piracy efforts.
A predicted shortfall in officer numbers and competence has implications that should worry the industry
Bourbon says it does not expect to see recovery in deep and shallow water offshore segments this year as it posts losses for 2016.