rss icon Subscribe
desktop mobile

Hapag-Lloyd Says Prospects Buoyed by Rising Freight Rates

File photo: Hapag-Lloyd

German container shipping company Hapag-Lloyd expects increased operating earnings this year, it said on Friday, citing a rise in freight rates as market conditions improve.   The shipping industry

Asian Spot LNG Prices Slip on Weak Demand

© Altin Osmanaj / Adobe Stock

 Asian spot LNG prices fell this week on poor demand from major gas-consuming regions despite a slew of new purchase tenders.   The May spot LNG contract fell by $0.25 cents to $5.40 per million British thermal units (mmBtu),

All Drill, No Frack: US Shale Leaves Thousands of Wells Unfinished

© Jon Mullen / Adobe Stock

U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country – a sign that output may not rise as swiftly as drilling activity would indicate.

Shipbuilding

Korean Shipyards Cut Costs to Boost Profit

Photo: Hyundai Heavy Industries

South Korea's Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI) said that they

Upgrades Complete for Anzac Class

HMAS Stuart during undocking at BAE Henderson Dockyard after completing the Anti-ship Missile Defence Upgrade. Photo: Royal Australian Navy

The Australian Navy's eight Anzac class frigates are now all back in the water post anti-ship

Wijnne Barends to Build New Ships in India

Photo: Wijnne Barends

Netherlands, based shipping company Wijnne Barends reports that it recently placed an order with

Contracts

Greece Gets 3 Bids for Thessaloniki Port

Pier A. Photo: Port of Thessaloniki

Three foreign investors have bid for the majority stake in Greece's Thessaloniki Port

Gazprom to Cement LNG Ties with Kuwait

Lena River gas carrier. Photo: Gazprom

Russia-based energy company Gazprom has negotiated about supplies of liquefied natural gas (LNG)

BP Awards Gulf of Mexico Work to Subsea 7

Subsea 7 said it was awarded a contract by BP as part of the deepwater Mad Dog 2 development, located approximately 190 miles south of New Orleans.    The contract scope covers

Technology

Apply Now for the MTR100

MTR100.jpg

The July/August 2017 issue of Marine Technology Reporter — the world's leading subsea industry b2b

SoCal Tech Focus: Global Ocean Design

(Photo: Global Ocean Design)

Patented technology and innovative design are found in Global Ocean Design’s line of benthic

SoCal Tech Focus: Tecnadyne

Tecnadyne-editorial.jpg

For more than 30 years Tecnadyne has been a leader in the worldwide subsea robotics industry

Legal

Singapore Approves Japan Shipping JV

Photo: Kawasaki Kisen Kaisha

The Competition Commission of Singapore (CCS) has given the nod to a proposed joint venture

India's Cochin Shipyard Gears up for IPO

Photo: Cochin Shipyard Ltd

Cochin Shipyard Ltd (CSL),  India's largest public sector shipyard, has filed  initial public

UK Chamber Welcomes Immigration Rule Change for International Seafarers

Photo: UK Chamber of Shipping

The UK Chamber has welcomed an announcement by the Home Office to reform immigration rules for

People & Company News

Songa Bulk Buys Kamsarmax Pair

FIle Photo: Logimatic

Songa Bulk has sealed two more bulker acquisitions as its fleet. According to a report in Reuters

JSW to Invest USD 1.1bln on Ports

Photo: JSW Infrastructure Ltd

JSW Group will invest INR 7,000 crore (USD 1.1bln) more in the ports sector over next three years

Anthony and Nicolás Remain on Hapag-Lloyd Board

Photo: Hapag-Lloyd AG

Hapag-Lloyd AG has announced the continuity in the executive management - Anthony J.

Maritime Apps