Shipping rates continued to decline amid an increasing number of vessels and as refineries in Asia close for maintenance. Rates for Aframax and very large crude carrier (VLCC) on select routes have fallen more than 30% so far this year. During the first quarter, Aframax and VLCC rates were respectiv
South Korea’s top container shipper, Hanjin Shipping Co., inaugurated a shipping line Friday between Singapore and Bangladesh. Hanjin Shipping and Singapore’s shipper Sea Consortium Pte. Ltd. are operating five ships to provide a service once every four days between the ports of Singapore, Malaysia’
Martime Workers Union (shipping and courier branch) of Port Harcourt District has honoured the state commissioner for transport, Mr. Emeh Glory Emeh, the chairman of Port Harcourt Local Government Council, Hon. Azubuike Nmerukini and the chairman of Obio/Akpor Local Government, Barr. Nyeso Wike for
The South Korean government warned Friday that it will take stern measures if Japan conducts maritime research in waters near the disputed islets located in the East Sea (Sea of Japan) without South Korea’s approval.
group of suspected illegal immigrants who had been in a container for nearly three weeks were “saved from death” by sharp-eared dock workers.
Yesterday Paul Cayard referred to his sailmakers, Justin Ferris and Dirk de Ridder spending hours at the sewing machine repairing their big red spinnaker after what the skipper called,
The Port of Weipa in Far North Queensland will be dredged to allow larger ships to dock, the Queensland Government has announced. The Ports Corporation of Queensland will spend $27 million to widen and deepen the port’s south channel to prepare for future expansion of the port.
Nexen Inc. has lost an arbitration with its former parent company over disputed offshore energy properties in Yemen, but the Middle Eastern country is no longer as vital to the firm with major new production expected from the North Sea, the Alberta oilsands and elsewhere.
Red Hook dock workers
Philippin-registered container ship sank Thursday near the mouth of Tokyo Bay, after colliding with a Japanese freighter, according to local media reports. The 6182-ton “Eastern Challenger” sank shortly after 12:00 a.m.local time (0300 GMT
A planned strike by workers at ferry operator Wightlink has been suspended. Members of the RMT union, working for the Hampshire ferry company, had voted to take industrial action over the Easter weekend.
Support services and shipbuilding group VT said yesterday it had been chosen as preferred bidder for a
Golden Ocean Group Limited is pleased to advise that it has reached an agreement to sell the M/V Lake Sequioa. The vessel is a Panamax bulker and is one of the long term time charter vessels previously acquired from Louis Dreyfus with an option to purchase attached to the time charter.
Qatar is expected to hire three South Korean shipbuilders to build 44 liquefied natural gas carriers for a total of $10 billion.
