BIMCO: Lowest Level of Newbuilding Contracts in 20 Years
Shipyards become the next victim of the deteriorating conditions in the dry bulk, container and offshore markets as 2016 looks to set the record for the lowest newbuilding contracts in more than 20 years… Read More
Hanjin Shipping Gets Cash Injection from Parent’s Chairman
South Korean container carrier Hanjin Shipping received a cash injection from the head of its parent company, Hanjin Group, as well as from its former chief … Read More
One Dead, Four Injured in Harmony of the Seas Incident
One person was killed while four others sustained injuries after a lifeboat fell from the world’s biggest cruise ship, the Harmony of the Seas… Read More
Cargo Handling Ops at NWSA Terminals Affected by Hanjin’s Move
The decision of the South Korean shipping company, Hanjin Shipping, to file for receivership has impacted cargo handling operations at three Northwest Seaport Alliance (NWSA) terminals… Read More
Rickmers Maritime to Restructure Debt amid Liquidation Fears
Singapore-listed containership owner Rickmers Maritime will not be able to pay USD 179.7 million of senior debt which is due in March 2017… Read More
World Maritime News Staff