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Maritime News
Updated: 11 hours 35 min ago

Flurry of Activity Raises Optimism that $30 Billion LNG Canada Project Will Be Greenlit

Mon, 07/09/2018 - 11:28
By Natalie Obiko Pearson (Bloomberg) — A flurry of activity in a remote Canadian town is raising optimism that Royal Dutch Shell Plc and its partners are ready to go ahead with the nation’s largest infrastructure project: a C$40 billion ($30 billion) liquefied natural gas terminal that could at last unlock energy exports to Asia. The action […]
Categories: Maritime News

Havyard to Design Two Cargo Ships for Greenland’s Royal Arctic Line

Mon, 07/09/2018 - 10:15
Norwegian ship designer Havyard Design & Solutions has been awarded a contract to the two new cargo vessels for Greenland’s exclusive shipping company Royal Arctic Line. The vessels will be designed to transport temperature-controlled containers and general cargo in northwest Greenland. Royal Arctic Line, which is wholly-owned by the Government of Greenland, holds a monolopy […]
Categories: Maritime News

BW LPG Increases Takeover Offer for Rival Dorian LPG

Mon, 07/09/2018 - 09:55
The raised offer comes after Dorian LPG’s Board declined BW LPG’s initial unsolicited offer on May 29, saying the offer undervalued Dorian’s fleet of “substantially younger, more fuel-efficient ships as well as Dorian’s superior commercial performance.” OSLO, July 9 (Reuters) – Norway’s BW LPG, the world’s largest liquid petroleum gas shipper, raised its offer to […]
Categories: Maritime News

Chinese Customs Clears Some U.S. Goods as New Tariffs Take Effect

Mon, 07/09/2018 - 08:43
BEIJING, July 9 (Reuters) – Major Chinese ports have started clearing goods from the United States on Monday, as new tariffs on U.S. imports have gone into effect, three sources told Reuters, as a trade spat between Beijing and Washington escalated into an outright war last Friday. Customs officers had delayed the clearance of some […]
Categories: Maritime News

CMA CGM Explored Possible Merger Hapag-Lloyd, Sources Say

Mon, 07/09/2018 - 08:26
By Jonathan Saul and Arno Schuetze LONDON/FRANKFURT, July 9 (Reuters) – The world’s no. 3 container shipping line, CMA CGM of France, has made an exploratory approach to German rival Hapag-Lloyd over a possible merger as players in the sector hunt for tie-ups to beat depressed conditions, finance sources say. Three finance sources with knowledge […]
Categories: Maritime News

BW Group Ups Stake in Hafnia Tankers to 43.5%

Mon, 07/09/2018 - 08:01
BW Group has entered into a definitive agreement to buy an additional 36.3% stake in Hafnia Tankers, bringing its total stake in the product tanker company to 43.5%. BW Tankers currently owns and operates a fleet of 55 product tankers in the LR2, LR1 and MR segments. Hafnia Tankers, which was formed in 2010 by […]
Categories: Maritime News

Damen ASD Tug 3212 Svitzer Glenrock delivered to Svitzer Australia

Mon, 07/09/2018 - 05:59
Press Release – Damen Shipyards Group has delivered an ASD Tug 3212 as the second part of a two-vessel order placed by Svitzer Australia. Named the Svitzer Glenrock, the tug arrived at Newcastle, NSW, on its own keel from Damen Song Cam Shipyard, Vietnam. There it will work in the world’s busiest coal port, handling Cape-class […]
Categories: Maritime News

Pledging to Sell Long Beach Terminal, COSCO Clears U.S. Hurdle on OOCL Deal

Sun, 07/08/2018 - 09:27
By Bloomberg News (Bloomberg) — Cosco Shipping Holdings Co. pledged to sell a container terminal in California, helping allay concerns of U.S. regulators and clearing the way for its $6.3 billion acquisition of Orient Overseas International Ltd. announced last year. The state-owned shipping giant signed a national security agreement with the U.S. on July 6 to dispose […]
Categories: Maritime News

U.S. Warships Pass Through Taiwan Strait Amid China Tensions

Sun, 07/08/2018 - 08:31
By Phil Stewart, Idrees Ali and Jess Macy Yu WASHINGTON/TAIPEI, July 7 (Reuters) – Two U.S. warships passed through the Taiwan Strait on Saturday on a voyage that will likely be viewed in the self-ruled island as a sign of support by President Donald Trump amid heightened tension with China. “Two U.S. Navy ships conducted a […]
Categories: Maritime News

CMA CGM Ends Iran Ops Due to U.S. Sanctions Threat

Sat, 07/07/2018 - 09:09
By Leigh Thomas and Bozorgmehr Sharafedin AIX-EN-PROVENCE, France/LONDON, July 7 (Reuters) – One of the world’s biggest cargo shippers announced on Saturday it was pulling out of Iran for fear of becoming entangled in U.S. sanctions, and President Hassan Rouhani demanded that European countries to do more to offset the U.S. measures. The announcement by […]
Categories: Maritime News

Ulstein to Build Advanced, DP3 Cable Layer for Nexen

Fri, 07/06/2018 - 15:07
Norwegian shipbuilder Ulstein has secured a contract from French cable company Nexans to construct a large, DP3 cable laying vessel to support the growing demand for clean energy. The advanced cable layer, designed by Norwegian ship designer Skipsteknisk, will be outfitted for power cable laying, including bundle laying, cable jointing and repair and cable system […]
Categories: Maritime News

Kongsberg to Acquire Rolls-Royce’s Commercial Marine Business

Fri, 07/06/2018 - 12:34
Norwegian technology group Kongsberg has entered into an agreement to acquire Rolls-Royce’s struggling commercial marine business in a GBP 500 million deal. The acquisition includes the marine products, systems and aftermarket services businesses of subsidiaries of Rolls-Royce Plc. “The sale includes propulsion, deck machinery, automation and control, a service network spanning more than 30 countries […]
Categories: Maritime News

U.S. Border Patrol Questioned Canadian Fishermen in Disputed Waters

Fri, 07/06/2018 - 12:22
By Danya Hajjaji TORONTO, July 4 (Reuters) – Crew members of two Canadian fishing vessels were approached by the United States border patrol in Canadian waters in the Gulf of Maine in late June, according to the Canadian government, which is investigating the matter. “Canada continues to investigate these incidents that occurred in Canadian waters, […]
Categories: Maritime News

China Blames U.S. for Triggering a Trade War as Tariffs Kick In

Fri, 07/06/2018 - 08:36
By Michael Martina and David Lawder BEIJING/WASHINGTON, July 6 (Reuters) – The United States and China slapped tit-for-tat duties on $34 billion worth of each other’s imports on Friday, with Beijing accusing Washington of triggering the “largest-scale trade war” as the world’s two biggest economies sharply escalated their conflict. Hours before Washington’s deadline for the tariffs […]
Categories: Maritime News

John ‘Big Wolf’ Fredriksen Steers Seadrill Back to Life After Taking $5 Billion Hit

Fri, 07/06/2018 - 08:07
By Mikael Holter (Bloomberg) — John Fredriksen’s stake in Seadrill Ltd., once worth more than $5 billion, was virtually wiped out in the oil-market crash. Now, the Norwegian-born shipping tycoon is placing a new wager on offshore drilling after overcoming a bondholder rebellion and pushing through the most complicated restructuring ever for the industry. After more than […]
Categories: Maritime News

Dozens Dead After Thai Tourist Boat Capsizes in Rough Seas

Fri, 07/06/2018 - 07:49
By Panarat Thepgumpanat and Chayut Setboonsarng BANGKOK, July 6 (Reuters) – Thai rescuers deployed helicopters on Friday to search for 23 people missing after a boat carrying Chinese tourists sank, with one official saying he feared “no chance” of any more survivors, which would mean nearly 60 dead. The confirmed death toll from the accident […]
Categories: Maritime News

Japan’s First LNG Bunkering Vessel Planned for 2020

Fri, 07/06/2018 - 07:47
Kawasaki Heavy Industries will build Japan’s first LNG bunkering vessel for a joint venture between K-Line, Chubu Electric Power, Toyota Tsusho Corporation and NYK Line. The joint venture, called Central LNG Shipping Japan Corp. (CLS), placed the order for the vessel at Kawasaki Heavy Industries on Friday. The vessel will measure 81.7 meters and have […]
Categories: Maritime News

Race Against the (Tariffs) Clock: China Roots for Ship Carrying Last U.S. Soybean Cargo

Fri, 07/06/2018 - 07:40
By Lusha Zhang and Josephine Mason BEIJING, July 6 (Reuters) – It is not often that the niche world of commodities trading enters the public conversation, but on Friday China’s social media was rooting for a ship carrying soybeans from the United States to beat the deadline before Chinese tariffs kicked in. Tracking the journey […]
Categories: Maritime News

Inmarsat Slumps After Rejecting $4.2 Billion Offer From EchoStar

Fri, 07/06/2018 - 06:39
By Thomas Seal (Bloomberg) — Billionaire Charlie Ergen’s EchoStar Corp. made its 3.2 billion pound ($4.2 billion) proposal to buy Inmarsat Plc public in an appeal to investors on Friday, with hours to go before a deadline for a formal bid. EchoStar said its second, improved cash and stock offer for Inmarsat was rebuffed by the British […]
Categories: Maritime News

Burning Container Ship Grounds, Partially Sinks Off India

Thu, 07/05/2018 - 12:57
Things are not looking up for an Indian containership which suffered an explosion and fire more than three weeks ago in the Bay of Bengal off the east coast of India. Shreyas Shipping and Logistics, which operates the vessel, reports the vessel is now aground and more explosions have been heard on board the ship […]
Categories: Maritime News