Vinalines is seeking approval from the government for building two container terminals at Lach Huyen Port in northern Hai Phong City. Nguyen Canh Tinh, director of the state-run Vietnam National Shipping Lines (Vinalines), said its subsidiary, Haiphong Port JSC, would build terminals No.3 and No.4...
https://www.hellenicshippingnews.com/vinalines-to-build-2-terminals-at-299-mln-in-lach-huyen-port/
Massoel Shipping, Managers of Bulk carrier MV Glarus, attacked by pirates off Bonny, Nigeria on September 22, confirm that contact has now been made with those holding 12 crew members hostage. It is understood that all his crew are together and all are well and unharmed. The MV Glarus is now safely...
https://www.hellenicshippingnews.com/nigeria-piracy-attack-mv-glarus-update/
Iran’s oil tankers are starting to disappear from global satellite tracking systems with just under six weeks to go until U.S. sanctions are due to hit the country’s exports, making it harder to keep track of the nation’s sales. No signals have been received by shore stations or satellites from 10...
The UK Maritime Coastguard Agency (MCA) has released ‘Safety Bulletin 12 – Accidental CO2 releases onboard 2 UK Merchant Vessels’, which was issued in September 2018. The bulletin was produced in response to two serious and potentially fatal accidental CO2 releases on UK flagged ships in the last...
Japanese refiner Cosmo Oil has replaced its Iranian crude oil imports with supplies from other Middle Eastern producers ahead of U.S. sanctions on Iran in November, top company executives said. Refiners in Japan, the world’s fourth largest crude oil importer, halted oil imports from Iran in...
https://www.hellenicshippingnews.com/japans-cosmo-oil-replaces-iran-oil-with-other-mideast-supplies/
The marine construction unit of the state-owned China Communications Construction Company (CCCC) on Tuesday signed an agreement to work with Singapore-based commodities trader Zenrock Group to purchase fuel. Marine Construction & Development Co (MCD), which is involved in major infrastructure...
Despite the fact that the dry bulk SnP market saw an admittedly busy summer season, there is a noticeable slowdown in activity during the Source: Intermodal Shipbrokers Co
https://www.hellenicshippingnews.com/intermodal-weekly-market-report-week-38-2018-brokers-insight/
Watson Farley & Williams (“WFW”) has advised long-standing client Teekay Tankers Ltd. (”Teekay Tankers”) on the sale-and-leaseback for six Aframax tankers, improving its net liquidity position by US$60m after the repayment of outstanding related debt. As part of the financing, one of a range of...
Iranian President Hassan Rouhani on Monday cautioned the United States about pursuing hostile policies against Tehran, saying preventing Iran from exporting oil would be “very dangerous”, but he did not rule out talks between the two countries. “Imposing sanctions on Iran to prevent us from selling...
https://www.hellenicshippingnews.com/rouhani-warns-u-s-over-preventing-iran-from-exporting-oil-isna/
Jamaica will this week hold a series of events to highlight the breadth and importance of its maritime sector, aiming to encourage more young people to join this vibrant and fast-developing industry. In Jamaica, the Maritime Authority of Jamaica (MAJ) engages the maritime and supporting industries...