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Hyundai Merchant Marine Says in Talks with BlackRock About Potential Investment

Hyundai Merchant Marine Says in Talks with BlackRock About Potential InvestmentSouth Korean shipper Hyundai Merchant Marine Co Ltd (HMM) is in talks with BlackRock Inc about a potential investment but details have yet to be discussed, a HMM spokesman said on Monday.

U.S. Navy Announces Fleet-Wide Probe In Wake of Major Accidents

U.S. Navy Announces Fleet-Wide Probe In Wake of Major AccidentsThe U.S. Navy announced on Monday a fleet-wide probe and plans for temporary halts in operations to focus on safety, as it searched for 10 sailors missing after the fourth major accident in the U.S. Pacific fleet this year.

Search Continues for Missing USS John S. McCain Sailors

Search Continues for Missing USS John S. McCain SailorsAn international search will continue Tuesday for 10 missing sailors assigned to the guided-missile destroyer USS John S. McCain following Monday’s collision with an oil tanker near Singapore, the U.S. Navy said Monday night.

Ten Missing After U.S. Warship Collides with Tanker Near Singapore

Ten Missing After U.S. Warship Collides with Tanker Near SingaporeTen U.S. sailors were missing after a U.S. warship collided with an oil tanker east of Singapore before dawn on Monday, tearing a hole beneath the waterline and flooding compartments that include a crew sleeping area, the U.S. Navy said.

Tanker aground on Volga-Don Canal

Tanker aground on Volga-Don CanalTanker aground on Volga-Don Canal

Dakar High Court seizes Grimaldi ship after collision at Dakar Port

Dakar High Court seizes Grimaldi ship after collision at Dakar PortDakar High Court seizes Grimaldi ship after collision at Dakar Port

M/V IKRA and 10 casualties rescued by Turkey's Med Marine

M/V IKRA and 10 casualties rescued by Turkey's Med MarineM/V Ikra, a Turkish-Flagged, 83 Meters long freighter which started to take in water in the Gulf of Iskenderun towed to safety by Med Marine, the company that provides pilotage and towage services in the region.

Tanker grounding on River Thames - later refloated

Tanker grounding on River Thames - later refloatedTanker grounding on River Thames - later refloated

Europe’s U.S. diesel imports head toward record in August – traders

Europe’s U.S. diesel imports head toward record in August – tradersEurope is set to take a record of more than 2 million tonnes of U.S. diesel in August after a string of refinery woes pulled in cargoes that have for months been diverted elsewhere, trading and shipping sources told.

Global Marine group secures cable installation contract

Global Marine group secures cable installation contractOffshore engineering specialist Global Marine Group (GMG) has secured a contract from German company E.ON to install a fibre optic cable at the Rampion offshore wind farm offshore UK.

Noble Corporation awarded long term drillship contract by ExxonMobil

Noble Corporation awarded long term drillship contract by ExxonMobilOffshore driller Noble Corporation has sealed a long term deal with ExxonMobil for drillship Noble Bob Douglas as well as extended a contract with Hess for semi submersible rig Noble Paul Romano, the company revealed in its latest fleet status report.

Fugro extends charter of DOF Subsea CSV

Fugro extends charter of DOF Subsea CSVNorway's DOF Subsea has announced that Fugro has extended the firm charter period of its ROV survey and construction support vessel Skandi Carla from July 2017 through to the end of October 2019.

Cape rates hover around $20,000 a day

Cape rates hover around $20,000 a dayCapesize spot rates stormed tothe $20,000 a day level this week with analysts confident the rally can continue in the coming months.

Saudi Arabia installing cranes at Yemen ports to boost aid delivery

Saudi Arabia installing cranes at Yemen ports to boost aid deliverySaudi Arabia said on Thursday it was installing four cranes at three ports in Yemen to help boost humanitarian aid deliveries and was ready to assist with installing cranes at the key port of Hodeidah once it was under control of a neutral party.

The Changing Waves of the Shipping Industry

The Changing Waves of the Shipping IndustrySea transport is relatively eco-friendly as it only accounts for 3 to 4 percent of total global gas emissions. However,

TEU Tokens and Blockchain Could Shape the Future of Container Shipping

TEU Tokens and Blockchain Could Shape the Future of Container ShippingBlockchain initiative 300cubits has created a new type of cryptocurrency to solve liner shipping’s US$23bn “booking shortfall” conundrum.

Norway Arrests Greenpeace Ship and 35 Activists During Protest at Arctic Oil Well

Norway Arrests Greenpeace Ship and 35 Activists During Protest at Arctic Oil WellNorwegian authorities have detained Greenpeace vessel Arctic Sunrise after a protest at a Statoil contracted drilling rig at Norway’s northernmost oil field in the Barents Sea, the environmental group said in a statement.

Ansheng Shipping to expand into international business

Ansheng Shipping to expand into international businessChinese domestic container shipping operator Ansheng Shipping has announced that it will expand its service to international destinations, and plans to move into the Southeast Asia market.

Tanker demolition could pick up on market-based conditions, rather than legislation

Tanker demolition could pick up on market-based conditions, rather than legislationWhen charterers in the Americas brought several cargoes onto the market at once Wednesday, they were met by an extremely short position list and freight rates jumped to a four-month high as a result.

Toshiba sees LNG business as big risk

Toshiba sees LNG business as big riskThe LNG business is posing a “big risk” to struggling Japanese industrial conglomerate Toshiba, the company’s top official has acknowledged publicly, renewing concerns about a possible massive loss from the business.

The thing with catfines

The thing with catfinesEarlier this year the International Organization for Standardization (ISO) published a revised edition of its ISO 8217 specifications for marine fuels, which still maintains a 60 mg/kg limit for catfines (catalytic fines).

Capesize freight surge extends gap with Brazil iron ore formula

Capesize freight surge extends gap with Brazil iron ore formulaIncreased dry bulk freight rates this week are further enlarging the gap with a long-term freight formula, currently benefiting Atlantic iron ore miners using it to sell on a FOB basis.

Ernst Russ seeks to derail Marenave's restructuring

Ernst Russ seeks to derail Marenave's restructuringErnst Russ has moved to take control at fellow German owner Marenave.

Tanker demolition could pick up on market-based conditions, rather than legislation

Tanker demolition could pick up on market-based conditions, rather than legislationThe tanker market isn’t in its best during this year, with rates subdued and oversupply concerns being the main hindering factor to a rebound.

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