Maritime news

Monitor breaking maritime news and insights for profitable, efficient and safe shipping.

Tuscany region and island of Giglio seek €220m in damages over Concordia disaster

The total amount of € 220 million ($274m) would be sought from Costa Cruises, Carnival Corp's unit, by the Italy's Tu …

Vale Opens New Port Terminal on the Malacca Strait

Vale SA has inaugurated a new port terminal in Malaysia. The official opening ceremony of the new $1.37b facility took place o …

Maersk pays $8.7m fine for fraud

Maersk Line Ltd has been fined $8.7 million in fraud case, federal prosecutors announced on November 5. US Attorney's Off …

Drop in September new-building orders

The trend for drop in year-on-year base in the new-building orders was kept in September 2014. According to statistics provided by  …

Arrest of Varun aframax

An aframax owned by Varun Shipping has been detained in Singapore by lawyers representing Gurbani & Co. The crude oil  …

European Consortium contracted for the Suez Canal Expansion

The $1.5 billion contract for the expansion of the Suez Canal has been awarded to an European construction consortium, the Egyptian  …

Maersk opens new container depot

Maersk Line has opened a new container depot at Nexus Industrial Estate in Altona (Australia). The "latest state of the art" fa …

Carnival Declares Dividend

Carnival Corporation & plc has declared its dividend per share of $0.25. A record date was approved by the company's board of di …

Vale finally docks in China

Vale's mega carrier has docked at a Chinese port for the first time after more than two years. On October 2, the 402,285-tonne …

Second arrest for Essar capesize

The capesize bulker Kiran (IMO number 9000649 and MMSI 419000154), Essar-owned, has been detained for the second time in less t …

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