Heung-A Pioneer

South Korea's Heung-A Shipping, which has been under financial pressure, has sold two chemical tankers. 

MPI Discovery.

The group announced on 13 June that it was selling MPI Discovery to Luxembourg-based dredging and marine construction contractor Jan de Nul and followed up with the announcement that it had signed a letter of intent with Dutch dredging group Van Oord to sell two other vessels, MPI Adventure and MPI Resolution.

An aerial view of Felixstowe port.

The temporary relocation of the Maersk services is the latest blow to hit Felixstowe since problems over its new operating system surfaced at the end of May.

Lars Robert Pedersen, Deputy Secretary General, BIMCO.

Experts have expressed concern about new and unproven fuel formulations, including their potential to clog up filters, cause engine shutdowns or exhibit dangerously low flash points.

Fincantieri shipyard

Tui said the two 161,000 gt prototype vessels, which are scheduled for delivery in 2024 and 2026, would be powered by liquefied natural gas, but gave no details of their other eco-friendly features.

HHI’s Ulsan shipyard

The South Korean shipbuilder has said it will temporarily shut its offshore yard in August once the remaining offshore plant is completed.

Containers are seen at a port in Lianyungang

The new tariffs make up 37.3%, or 4 million teu, of US imports from China and are still subject to public comment and government revision.


COFCO will use the port’s terminal as a grain transhipment terminal for oil, grains, and soyabeans

2008-built mid-sized LPG carrier Sanko Independence

Once having boasted a fleet of 180 vessels, Japanese shipowner Sanko has only three vessels left following its drive to downsize its operations.