Polish shipowner Polska Zegluga Morska PP (Polsteam) has went to China-based Yangfan Group shipyard to build eight open hatch bulk carriers, according to engineering services firm Deltamarin.
A chemical tanker and a containership collided in Singapore waters on Wednesday, resulting in some spillage of bunker fuel, according to the Maritime and Port Authority of Singapore (MPA).
Container lines on the transpacific are claiming an average of $300 per feu was added in a 15 January general rate increases and are aiming for more ahead of annual contract negotiations with shippers.
An Indian oil tanker exploded and caught fire at a shipyard in China's Zhejiang province on Tuesday morning, leading to the deaths of seven workers, local reports said.
China Cosco Holdings has inked a deal with China State Shipbuilding Corp (CSSC) to construct five 9,400 teu container vessels at a total price of $434.5m.
DNV GL has released a position paper on alternative fuels for shipping looking at the possible future fuel mix for maritime transport.
It was a very low key announcement, earlier this month ,which noted that Nippon Yusen Kaisha (NYK) had appointed its first Philippine master and chief engineer to one of the company’s LNG carriers. NYK Shipmanagement does not traditionally go in for much flag waving, but this was clearly an event which afforded both the shipping company, and its training institution established last century in the Philippines, some pride and no little satisfaction.
South Korea-based Hanjin Shipping posted a 2013 full year net loss of KRW680.2bn ($630.2m) due largely to low freight rates as a result of the severe oversupply of container vessels.
Fertilizer manufacturer Yara International has three semi-refrigerated LPG vessels from Hyundai Mipo Dockyard (HMD), as it sees newbuilding prices versus time chartered tonnage.