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Maersk Looks to Raise Asia-Europe Box Rates

The world's largest container shipping company, Maersk Line, plans to raise spot freight rates sharply on main routes from ports in Asia to ports in northern Europe, with effect from Dec.

Philippines Takes South China Sea Claim to Hague

Could bolster claims by other countries against China; China boycotting proceedings, rejects court's authority. The Philippines asked global judges on Tuesday

Fredriksen's Firms See Diverging Fortunes

Rig firm Seadrill sees tough market continuing in 2016. Firms in Norwegian-born billionaire John Fredriksen's empire saw contrasting fortunes on Tuesday, as rig firm Seadrill booked $1.

Lukoil Predicts Similar 2016 Russian Output

Oil producer Lukoil aims to maintain output in Russia at this year's level of 86-87 million tonnes and to increase it by 1.5-2 million tonnes in 2017, its chief executive,

Damen ASD Tug for Sharjah Ports

Sharjah Ports Authority, has taken delivery of a Damen ASD Tug 2411, named Al Luolo’ Aya. His Excellency Sheikh Khaled bin Abdullah bin Sultan Al Qasimi,

MAN Names new Head of PrimeServ Diesel

The Executive Board of MAN Diesel & Turbo has appointed Per Rud as new Head of PrimeServ Diesel. Fifty year old Rud will assume his new role on January 1st 2016 and takes over from Wayne Jones,

Grandweld Delivers DMSV to ADNOC

Grandweld, one of United Arab Emirates leading shipyards, has successfully delivered one dive maintenance and support vessel “TAWAM1”to Abu Dhabi National Oil Company (ADNOC).

Technology Readiness Levels Defined for Oil Spill Response

Bureau of Safety and Environmental Enforcement (BSEE) staff participated in a workgroup meeting at the bureau's Ohmsett facility in Leonardo, N.J., as part of

Los Angeles to Host Annual 'Fleet Week'

Mayor Eric Garcetti and U.S. Navy officials announced today that Los Angeles has been selected as an official Fleet Week market for the U.S. Navy, beginning in 2016.

MANSA, NMIS Ink MOU for Skill Development

Mumbai and Nhava-Sheva Ship-Agents Association (MANSA) and Narottam Morarjee Institute of shipping (NMIS) signed a Memorandum of Understanding for lauching a

Frontline Reports Strongest 3Q

Frontline achieved net income attributable to the Company of $17.4 million, or $0.09 per share, for the third quarter of 2015 and net income attributable to the Company of $65.

EASTMED to Add VSAT on 20 Tankers and Bulkers

 Greece-based Eastern Mediterranean Maritime Limited (EASTMED), a shipping operator servicing the energy, industrial and agricultural sectors, has chosen to

Hapag-Lloyd Boosts Direct EAX Service Between Europe and Australia

 German liner company Hapag-Lloyd has further improved the Europe Australia Express service (EAX), one of its prime products.   New port calls in Fos

New Facility for Virginia-Class Submarine Sailors at Newport News Shipbuilding

 Huntington Ingalls Industries (HII) announced today that its Newport News Shipbuilding division has opened a new facility that provides workspace for the

RasGas to Waive $1bln Penalty on LNG Deal

 Qatar-based natural gas producer RasGas will not penalise Petronet LNG for lower offtake of the fuel, says a report by PTI.   Qatar has agreed to waive

Transpacific Container Lines Address Economic Pressures Ahead in 2016

 In a container freight market challenged by volatility and facing the prospect of further consolidation, member shipping lines in the Transpacific Stabilization

Pioneer Marine Plunges into Red Again, Cancels Ship Orders

 Singapore-based Pioneer Marine reported a $5.4m loss for the third quarter of 2015, about even with a $5m loss in the same quarter last year.  It canceled

GBP1mln Grant to Create 100 Jobs at Ferguson Shipyard

 The last commercial shipyard on the Clyde, Scotland, has secured grant to help safeguard 125 jobs and create a further 100. Ferguson shipyard has been awarded

Metal Shark Delivers Port Security Fireboat

Louisiana-based shipbuilder Metal Shark announced it has delivered a 55-foot multipurpose port security vessel to the Plaquemines Port Harbor and Terminal District in Louisiana.

Thordon Wins Environmental Award

COMPAC, Thordon Bearings’ seawater lubricated propeller shaft bearing system, won the Tanker Shipping & Trade Environment Award following a verdict that the system

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