Home / Shipping News

Shipping News

IMO helps Member States with sustainability targets

In 2015, 193 countries adopted the 2030 Agenda for Sustainable Development and its 17 associated Sustainable Development Goals (SDGs). It calls for action by all countries to eradicate poverty and achieve sustainable development by 2030, world-wide. To help its Member States gain a better understanding of the SDGs and the role IMO can play in achieving them, IMO and the United Nations System Staff College held a workshop (11 January) for Member State delegations at IMO’s London headquarters. Among the topics covered in the workshop were how to integrate different ...

Read More »

Scorpio Tankers Inc. Announces Reverse Stock Split to be Effective January 18, 2019

Scorpio Tankers Inc. announced that its board of directors has determined to effect a one-for-ten reverse stock split of the Company’s common shares, par value $0.01 per share, and a reduction in the total number of authorized common shares to 150,000,000 shares. The Company’s shareholders approved the reverse stock split and change in authorized common shares at the Company’s special meeting of shareholders held on January 15, 2019. The reverse stock split will take effect, and the Company’s common shares will begin trading on a split-adjusted basis on the New ...

Read More »

ShipNet and iMarine Software announce SeaProc e-procurement now integrated in to ShipNet One

ShipNet was founded over 25 years ago with a vision of providing full ERP capabilities across commercial, technical and financial disciplines. Today, it continues to pursue that vision as ‘One Connected Maritime Platform’. With the announcement of full integration between the SeaProc e-procurement platform and ShipNet, buyers now enjoy significant speed, accuracy and ease in handling transactions. Requests for Quotations, Purchase Orders, Contracts, Invoicing and Delivery Receipts are directly interfaced. This allows buyers to conduct all their daily activities within the ShipNet procurement system as all communications, transactions and negotiations ...

Read More »

Vryhof Secures US$75 Million In New Contracts To Kick Off 2019

Vryhof, a trusted partner to many of the offshore industry’s leading companies and its three businesses – Deep Sea Mooring, Vryhof Anchors and Moorlink – today announced up to US$75 million in new contracts, starting 2019 on a high. The contracts include landmark deals for Vryhof Anchors for the WindFloat Atlantic wind farm, offshore Portugal, the world’s first commercial floating wind farm, and the Havfarm 1 offshore fish farm project in Norway, one of the world’s largest floating structures. In addition, Deep Sea Mooring (DSM) has secured contracts with Saipem ...

Read More »

CMA CGM OCEANIA LINES – PAD service to resume weekly rotations

CMA CGM is very pleased to announce that the PAD service linking North Europe with USEC, French Pacific islands, Australia and New Zealand will offer a weekly frequency starting from mid-February 2019. From Europe, first sailing to offer a weekly frequency will be m/v “EM CORFU” (expected in Le Havre on February 23rd, 2019) From New Zealand, first sailing to offer a weekly frequency will be m/v “EM CORFU (expected in Tauranga on April 16th, 2019) Rotation will be as follows: Zeebrugge (as of 20/05) – London Gateway – Rotterdam ...

Read More »

China’s Ningbo Zhoushan port sees record throughput

Annual cargo throughput surpassed 1 billion tonnes again at Ningbo Zhoushan port in east China’s Zhejiang Province in 2018, the port operator said. This makes the port the first in the world to exceed such volume. The annual container throughput at the port has hit a record high of 26 million standard containers ranking among the top three ports in the world, according to the Ningbo Zhoushan Port Group. By the end of 2018, the port had launched three new sea routes to raise its total to 246. Meanwhile, it ...

Read More »

Baltic Dry Index falls to 1055, down 41 points

Today, Wednesday, January 16 2019, the Baltic Dry Index decreased by 41 points, reaching 1055 points.

Read More »

Hafnia, BW Tankers merger operationalizes; eyes higher demand

The merger of BW Tankers with Hafnia Tankers is being operationalized and the new entity is expected to benefit from the upcoming strong demand for product tankers, a top company official said late Monday. “All the core elements are in place,” Andreas Sohmen-Pao, chairman of the merged company said on the sidelines of an event organized by the Singapore Maritime Foundation, or SMF. The merger is significant because it creates the world’s single largest fleet of product tankers, which will control over 85 ships and can potentially support freight rates. ...

Read More »

Dry Bulk FFA: Capesize Market Weakening

Capesize The cape market took some time to get going with a weaker market throughout the day. Jan traded early on at $14300 down to $14000 pre-index. Feb trading down to $12000 and q1 down to $12900. Weaker c5 fixtures down at $5.80 reported and index tanked to $14069 (-939). Post index we saw Jan trade down to $13900, Feb to $11750 and Q1 down to $12750. This brought the back end down also with Q2 $13250 and Q3 $16250 respectively. With this, buyers stepping back on the deferred with ...

Read More »

Seafarers, technology and automation – managing future challenges

IMO Secretary-General Kitack Lim has highlighted the need to consider seafarer training and standards as shipping evolves, with increasing levels of technology and automation. Speaking at IMO Headquarters (15 January) at the launch of a new report “Transport 2040: Automation, Technology and Employment – the Future of Work”, Secretary-General Lim set out key questions that will require focus from all stakeholders: “How will the seafarer of the future manage the challenges related to an increasing level of technology and automation in maritime transport? How will the new technologies impact on ...

Read More »

‘UK maritime firms must seize opportunities presented by Clean Air Strategy 2019’ says Andy Page of Chartwell Marine

This week, the UK Government launched the Clean Air Strategy 2019, a report showing how the Government will tackle air pollution, making the UK’s air healthier to breathe, protecting nature and boosting the economy, covering how the UK will approach tackling vessel emissions. Andy Page, Managing Director of Chartwell Marine, a specialist in hybrid propulsion and Naval Architectural consultancy business which supports boat builders and vessel operators worldwide, has drawn attention to the government clearly outlining how it is going to help tackle the issue of emissions at UK ports ...

Read More »

Frontline Announces Increase in Ownership Interest in Feen Marine Scrubbers

Frontline Ltd. announced that its ownership interest in Feen Marine Scrubbers Inc. (“FMSI”) has increased to 28.9% following the purchase by FMSI of a 30.8% stake in FMSI from Bjørnar Feen. Robert Hvide Macleod, CEO of Frontline Management said: “FMSI has gained market share since our initial investment, and we are pleased to see our ownership stake in the company increase. Setting aside potential financial benefits, our ownership in FMSI has allowed Frontline to source high specification scrubbers on short notice, which we believe will present a challenge to many ...

Read More »

A drastic plunge in shipping to China is the latest horrible signal for its economy

There has been a drastic slowdown in the rate at which numerous commodities are being shipped to China, suggesting slowing demand for raw materials in the world’s second economy — a sign that a wider economic slowdown is in the works. In a note from analysts this week, US investment bank Morgan Stanley looked at various trade-based indicators, all of which seem to point to slowing demand for commodities. China’s economic boom in the past few decades has led it to become a voracious consumer of raw materials like crude ...

Read More »

S. Korea’s Shipbuilders Start Winning New Orders

South Korea’s shipbuilders have started off the year with good news. They have continuously won new orders since the beginning of the year, making industry analysts feel hopeful for the year ahead. Hyundai Mipo Dockyard Co. has received an order for four medium range (MR) tankers from Central Shipping Group, controlled by Greek shipowner Evangelos Pistiolis, according to industry sources on Jan. 14. The company hasn’t disclosed the exact value of the deal but the price of the vessel is estimated at US$38 million (42.69 billion won) per unit. Furthermore, ...

Read More »

West of England: Class 1 and Class 2 Rules Changes for 2019

NOTICE is hereby given that an Extraordinary General Meeting of Class 1 and Class 2 Members of the Association will be held at 14.30 hours on Tuesday, 5 February 2019 in the Hotel Le Royal, 12 Boulevard Royal, L-2449 Luxembourg for the purpose of considering and, if thought fit, passing the following SPECIAL Resolution: SPECIAL RESOLUTION THAT alterations to certain Rules of Class 1 and Class 2 (as hereafter set out with commentary) be made to take effect from noon GMT on 20 February 2019: INTRODUCTION Unless stated otherwise, those ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping