Fire hit Maersk Kensington

A second Maersk vessel in 10 days has seen cargo ignite in its hold, this time the vessel had just left the port and the crew were evacuated quickly while the emergency fire systems appear to have put out the fire.



DP World container terminal

DP World invested more than a billion dollars across its global portfolio last year, taking total available capacity to 88 million teu. Subject to market demand, it expects capacity to reach more than 100 million teu by 2020. 

Ro-ro vehicle terminal

German experts have warned that border requirements after Brexit may disrupt ro-ro vehicle freight routes and transhipment, leading to challenges. 

Spring Bear

Fines were imposed on the company ranging from EUR50,000 (USD61,000) to EUR750,000 and a one-year ban was placed on two directors of the company from exercising as directors, commissioners, advisers, or employees of a shipping company.

Crude oil tanker Maran Taurus

Korea Line Corporation, ordering its first tanker in a decade, contracts a pair of VLCCs from Hyundai Heavy Industries for USD174.13 million.

Sungdong Shipbuilding & Marine Engineering shipyard.

Workers at South Korean shipbuilders Sungdong Shipbuilding and Marine Engineering and STX Offshore & Shipbuilding strike in protest of the government’s decision on 8 March to restructure and revive the troubled shipbuilders.

Cambodian flag

The report showed very little change in the performance of most flag states in 2017, with the regulatory performance remaining the same.

Stolt Tankers vessel

Niels Stolt-Nielsen, CEO of the London-based Stolt-Nielsen group believes the likelihood of further consolidation in the chemical tanker sector remains.

Wallenius Wilhelmsen vessel

The company said the rebranding reflects its new business strategy in which ocean transportation and land-based logistics will operate side by side as distinct yet connected entities.

SFL Avon

Smaller container vessels have been much in demand in recent months and both charter and freight rates are firming, according to recent information.

Shanghai-listed Chinese bulker owner Ningbo Marine has finalised a restructuring agreement, with its majority shareholder, Zhejiang Energy Group, holding 51% of its outstanding shares, as the two parties race to launch a deal to minimise internal competition.

Bourbon will be seeking a fresh debt restructuring agreement

The Marseilles-based group, which only finalised a EUR911 million debt rescheduling in July last year, said that it had been unable to meet the terms of some of its debt covenants.

DSME shipyard.

South Korea’s Daewoo Shipbuilding & Marine Engineering nets order to build two LNG carriers, making this the third contractit has won this year.