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The Post-Hanjin Era: Freight Rate Truce Is Over

It has taken a whole year for all of the idle ships of South Korean defunct shipping company Hanjin Shipping to be fully removed from the idle fleet following the company’s demise, according to Alphaliner. The former South Korean shipping giant...
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Report: Palmali Files USD 2 Bn Claim against Litasco

Turkish shipping company Palmali has reportedly filed a claim against Litasco, the international marketing and trading company of Lukoil, worth up to USD 2 billion. The claim, lodged with the English High Court of Justice, stems from the al...
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More Troubles for DSME’s Orderbook?

South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME) said on Monday that its Memorandum of Understanding (MoU) with Iran for the construction of offshore plants has been terminated as no progress was achieved on the deal. The MoU, si...
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Coralius Completes 1st LNG Ship-to-Ship Bunkering

Image Courtesy: Skangas Skangas’ Coralius has bunkered a vessel with liquefied natural gas (LNG) for the first time.  The operation took place in international waters, Northern Kattegat, in the middle of the sea between Frederikshavn, Denm...
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#3 Key Challenges that Women Face While Starting Up in India

Neha Bahri, Founder of Communique (PR agency), said in her three years of entrepreneurial journey she has battled a lot of gender-biasness in her ...Original link

Wärtsilä Nacos Platinum Selected for 2 New Mega Yachts

Finnish technology group Wärtsilä has been contracted to supply its Nacos Platinum integrated bridge system for two new mega yachts. The yachts, one measuring 85 meters and another 91 meters in length, are being built in Greece. In addition...
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2M Partners Resume TA3 Calls at APMT Rotterdam

Danish container shipping company Maersk Line and Swiss-based Mediterranean Shipping Company (MSC) are resuming their calls at APM Terminal in Rotterdam on their jointly operated Transatlantic service as of next week. The return will be inaugurated b...
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Spotted: Ailsa’s Hull Hits the Water

The floating storage and offloading (FSO) unit Ailsa undocked last week in Singapore, marking the first time the FSO’s hull has touched the water. Ailsa is destined for the gas production field Culzean in the UK North Sea which is exp...
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Ernst Russ’ Earnings Rise amid Restructuring

German asset and investment management company Ernst Russ informed that its first half of 2017 financial performance was in line with expectations. Revenue for the first half of 2017 increased year-on-year from EUR 17 million to EUR 20.8 million...
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