382 stories, page 14 of 16
In its latest shipping sector report DNB Bank, focuses on how ship speed optimization has changed fundamental supply/demand balances. The DNB Bank report expounds: Speed optimisation has completely changed the…
The International Shipping Strategic Development Forum met in Shanghai for wide-ranging discusion on the shipping industry. With high profile support from the Lord Mayor of London David Wooton who opened the forum, the…
The New Zealand Government & Daina Shipping Company settle amount due arising from the container ship's grounding on 5, October 2011. Keith Manch, Director of Maritime New Zealand, confirmed that Daina Shipping Company…
11 business-led projects to get more than $1.3 million in funding from the Research & Development Corporation of Newfoundland & Labrador (RDC). "With an increasingly diversified economy continuing to outpace growth in…
Ocean-going vessels (OGVs) to become eligible for a 50% reduction in port facility & light dues if they switch to cleaner fuel while berthed in Hong Kong waters. "The government has been implementing a package of 22…
AB Volvo finalizes acquisition of shares in Deutz AG to increase its shareholding in Deutz AG from 6.7% to just over 25%. In total, AB Volvo has acquired 22,117,693 shares from Same Deutz-Fahr Group for an amount of EUR…
Construction of Van Phong International Transshipment Port has ceased, opening door to investors says economic zone official. The $3.6 billion transshipment port, fully funded by the debt-laden Vietnam National Shipping…
Dongfang Shipbuilding Group Co., Ltd. (Zongyang) the largest private shipyard in Anhui is preparing to sell off part of its assets, or intends to recapitalize. In early May 2007, Zhejiang Dongfang Shipbuilding Group Co…
In a letter to shareholders Nordic American Tankers Limited Chairman & CEO pointed ( amongst other things) to the fleet's fuel-saving measures. Herbjorn Hansson, company Chairman & CEO stated: NAT has made, and is…
German shipbuilder P+S Werften fights for time to stave off insolvency. Troubled German shipbuilder P+S Werften, which operates two of the country's biggest shipyards, has asked some of its customers to pay for ships in…
China Rongsheng profit dives as new ship orders dry up. China Rongsheng Heavy Industries Group, the country's largest private shipbuilder, posted its sharpest fall in half-year profit - down 82 percent - on a dearth of…
China's Ministry of Industry and Information Technology reports that orders in first half 2012 are down by 50.3% year-on-year. The volume of handling orders was a mere 125.87 million DWT by the end of June, down 30.7…
China initiates a trial program in Shanghai designed to help the nation’s beleaguered shipowners. Under the new policy by the Ministry of Transport, ships leased by shipping companies from financing firms could be…
Tognum has recently concluded an agreement with a bank consortium for a revolving credit line of €300 million. The credit line has a term of five years. In addition to Commerzbank as the coordinator, seven other banks…
Tognum adjusts its forecast at end of the first half-year 2012, anticipating growth in revenues in the lower single-digits. The company now anticipates growth in revenues in the lower single-digit percentage range and…
China’s first half 2012 shipyard figures make grim reading & the national shipbuilding association warns little chance of help from Beijing. In the first half, newly received order volume in China were 10.74m tons…
The (California) Air Resources Board is reminding and encouraging small business owners of off-road diesel vehicles, portable diesel equipment, or diesel marine vessels and engines to take advantage of this loan…
First half year 2012 financial results confirm the Italian shipbuilder's positive operating performance Highlighted in the report were: • Profit from ordinary operations at euro 26 million (16 million at 30/6/11, +62.5%)…
The U.S. Environmental Protection Agency released interim guidance for ship owners and operators clarifying how the U.S. government will implement fuel availability provisions when ships are unable to obtain fuel that…
