• How prepared is shipping for a cyber attack, really?
    Daniel Ng and Professor Siraj Shaikh from CyberOwl question whether shipping executives really know if they are prepared to handle a cyber attack and suggest a cyber drill to find out. So it has happened. The screens on the business PCs in the engine control room and bridge have all ... read more NewsPublished on 10.08.2020By Splash
  • Montreal port strike enters its third week
    The strike at Montreal port is continuing for a third week. The Montreal Longshoremen’s Union (MLU) has now provided details of a new strike, which starts at 7am local time today, without detailing when it might end. Fractious negotiations between dockworkers and employers over working conditions have seen the port ... read more NewsPublished on 10.08.2020By Sam Chambers
  • Stricken bulk carrier lying on reef off Mauritius at risk of splitting in two
    Locals have spent the past days fabricating their own oil booms made out straw, clothing, plastic bottles and dried sugar cane leaves and yet the oil continues to flow from the bulk carrier around the delicate, pristine shorelines of south and eastern Mauritius. Worse still, bad weather and the sharp ... read more NewsPublished on 10.08.2020By Sam Chambers
  • Insurers brace for $3bn Beirut blast bill
    Insurers are bracing for a bill from the Beirut port blast similar to $3bn hit they took in the wake of the Tianjin explosions five years ago. While Beirut’s explosions last Tuesday were larger than the accident that hit the Chinese port on August 12 2015, the cargoes destroyed in ... read more NewsPublished on 10.08.2020By Sam Chambers
  • CMA CGM buys into HMM’s Algeciras terminal
    HMM has sold CMA CGM a 50% stake minus one share in Total Terminal International Algeciras (TTI Algeciras), a container terminal with a 1.6m teu annual capacity in the south of Spain. The financial details have not been disclosed between the two liners. An HMM official commented, “TTI Algeciras has ... read more NewsPublished on 10.08.2020By Sam Chambers
  • London continues to dominate maritime arbitration market
    Research by law firm HFW has found that London continues to dominate the market for international maritime arbitration, accounting for more than 80% of all cases globally. London handled 1,737 maritime arbitrations in 2019 – up 14% on the previous year – which equates to around 83% of all international ... read more NewsPublished on 10.08.2020By Sam Chambers
  • Abducted BW Offshore crew released
    BW Offshore has announced that all of the offshore workers that were kidnapped by pirates off Nigeria have been safely released. BW Offshore’s FPSO was attacked by pirates on July 2, with nine Nigerian national workers onboard the vessel kidnapped. “The company would like to extend its gratitude to those involved ... read more NewsPublished on 10.08.2020By Jason Jiang
  • Taizhou Kouan Shipbuilding enters court-led restructuring
    Chinese private shipyard Taizhou Kouan Shipbuilding has entered into a court-led restructuring after it was declared bankrupt by a local court. The ruling came after the court froze RMB90m ($12.6m) worth of the shipyard’s assets at the request of creditors in June. According to the court, the deteriorating financial status of ... read more NewsPublished on 10.08.2020By Jason Jiang
  • MOL offloads VLCC
    Mitsui OSK Lines (MOL) 30-ship strong VLCC arm has let go of the 15-year-old for around $27m. The sale of the 302,477 dwt Kawasaki-built ship is MOLs first VLCC sale since October last year. The sale comes at a time where VLCC rates have tumbled to their lowest levels since ... read more NewsPublished on 10.08.2020By Hans Thaulow
  • DOF Subsea awarded Asia Pacific contracts
    Norwegian offshore vessel owner DOF Subsea has been awarded two contracts in the Asia Pacific region. Chevron Australia has awarded DOF Subsea an IMR services contract supporting Chevron’s North-West Shelf and near shore subsea assets in Australia. DOF will be supporting Chevron with DP vessels, ROVs, AUVs, intervention, inspection, management ... read more NewsPublished on 09.08.2020By Grant Rowles
  • Solstad Offshore seals Equinor and Total extensions in Brazil
    Norway’s Solstad Offshore has been awarded several contract extensions in Brazil with Equinor and Total. Equinor has extended the contract for 2012-built platform supply vessel Sea Brasil, by one year through to December 2021, and Far Scotsman, by six months through to May 2022. Total E&P has extended the contracts ... read more NewsPublished on 09.08.2020By Grant Rowles
  • Borealis offloads feeder boxship
    Christoph Toepfer-led Borealis Maritime has announced the sale of 2005-built 2,702 teu sub-panamax containership . Borealis sold the vessel for $6m, substantially higher than the $4.2m market value placed on the vessel by VesselsValue. The vessel has already been delivered to the new owners, who were not named. The sale ... read more NewsPublished on 09.08.2020By Grant Rowles
  • Diana Shipping fixes panamax to Ausca
    Greek dry bulk owner Diana Shipping has sealed a time charter contract with Ausca Shipping in Hong Kong for 2005-built panamax bulker . The new charter commences on August 20, and is for a period of eight to ten months at a rate of $10,000 per day plus a $500,000 ... read more NewsPublished on 09.08.2020By Grant Rowles
  • Cypriot police interview Russian at centre of Beirut blast
    Cypriot police have interviewed the Russian millionaire shipping entrepreneur linked to Tuesday’s lethal explosion, which decimated the port of Beirut. Hundreds are now presumed dead and more than 300,000 people have been made homeless from the blast, which was so large it was felt on the island of Cyprus more ... read more NewsPublished on 07.08.2020By Sam Chambers
  • Mauritius faces up to its worst environmental crisis as oil slick snakes around the south of the island
    An environmental crisis is playing out in the Indian Ocean where a grounded Panamanian-flagged newcastlemax is spewing bunker fuel onto the pristine shores of southeastern Mauritius. The 203,000 dwt bulk carrier, which ran aground on a reef July 26, has a gash on its starboard hull through which significant tracts ... read more NewsPublished on 07.08.2020By Sam Chambers
  • Crews down tools Down Under
    Cases of crews downing tools around the world in protest at the enforced stay onboard during the coronavirus pandemic are on the increase. Two more ships in Western Australia and Victoria refused to keep sailing yesterday in desperate bids for repatriation despite Australia’s very tricky crew change stance. The Conti ... read more NewsPublished on 07.08.2020By Sam Chambers
  • EuroDry seeks to delay loan repayments as charter rates sink 32%
    Greek dry bulk owner EuroDry is in talks with its lenders to defer a number of loan repayments as the company’s earnings take a hit from lower charter rates. According to the company, it has agreed or is in the process of discussing with lenders to defer a number of ... read more NewsPublished on 07.08.2020By Jason Jiang
  • Global Ship Lease secures multiple charter contracts, disposes of feeder pair
    London-based containership owner Global Ship Lease (GSL) has secured a series of charter extensions and new charters, while also disposing of two elderly boxships. The company has chartered out five 2,200 – 2,500 teu feeder ships Julie, Manet, Maira, Nikolas and Newyorker, to Sea Consortium, Sea Lead and MSC, at ... read more NewsPublished on 07.08.2020By Jason Jiang
  • Eagle Bulk confirms supramax sale
    US dry bulk owner operator Eagle bulk has confirmed the sale of 2002-built supramax for $5m. Various brokers reported the sale last month, however the buyer has yet to be revealed. The vessel was sold ahead of its statutory drydock, and is expected to be delivered during the third quarter. ... read more NewsPublished on 07.08.2020By Grant Rowles
  • Shanghai Bestway bank accounts frozen by court
    Chinese shipbuilding and ship design group Shanghai Bestway Marine Engineering Design has announced that several bank accounts of the company has been frozen by courts. The frozen accounts are due to several debt disputes and labor contract disputes with different companies, and the company said the issue could have a negative ... read more NewsPublished on 07.08.2020By Jason Jiang
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