Maritime news

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

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 …

2M routes and ports named

Maersk Line has released the tentative 2015 east-west network of the 2M Alliance including rotations of ports, arrivals, depart …

Maersk and Torm end LR2  Pool

Maersk Tankers and Torm have announced they are ending their LR2 sector cooperation. The 13-year joint venture ends on Oct …

Vale to cooperate in the largest shiprepair yard in South America

Vale S.A. has signed an agreement to cooperate in a project that aims to build the largest shiprepair yard in South America. Th …

K Line orders  five 14,000 TEU cargo ships

Kawasaki Kisen Kaisha (K Line) has announced a new order of a 14,000-TEU quintet. The new boxships will be constructed at Imabari Sh …

Panama Canal new locks to be tested in mid-2015

A new set of locks, which are main component of the Panama Canal expansion, are due to be tested starting in the middle of next …

MOL and Viken team up

Mitsui OSK Lines (MOL) has teamed up with Viken Shipping in a shuttle tanker joint venture. It will be called Viken MOL AS and  …

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