Maritime news

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

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 …

Four shipping lines receive subsidies by China for fleet upgrade

Four shipping lines have received 1.8bn yuan ($293.3m) in subsidies by China, the companies have confirmed. The purpose of the fundi …

Vale agrees with China Merchants on ten VLOCs

The Brazilian mining giant Vale S.A. and China Merchants Group have signed an agreement for strategic cooperation in iron  …

Maersk Line to invest $3b a year on new vessels

The biggest container shipping company in the world, Maersk Line, has announced that it will invest around $3b per year on new vesse …

$324 Million Government Financing for TOTE's  LNG-fueled containerships

TOTE Shipholdings, Inc. has secured a $324.6 million loan for the construction of two of the world’s first LNG-fueled con …

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