Maritime news

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

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 …

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 …

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