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After five months of negotiations with its banks First Ship Lease Trust (FSL Trust) has secured relaxation of its loan covenants until the end of 2014.
NYK is participating in new services between Japan and Indonesia, alongside other members of the G6 Alliance.
As it officially opens its new Asia – Pacific headquarters in Singapore the recently merged DNV GL is upbeat about the prospects for offshore and deepwater developments.
Chile’s Compañía Sudamericana de Vapores (CSAV) reduced losses by 46% in 2013 to $169m compared to $313.5m a year ago, the line said in a statement.
AP Moller Maersk reported a 6% slide in group profits to $3.77bn in 2013, but its container line Maersk Line improved profitability in a tough market.
Seatrade Global is celebrating its first birthday today. Over the past year we have brought our readers many thousands of maritime, shipping and offshore news stories from around the world.
The dream of using the Northern Sea Route from Europe to Asia has been around for over 100 years. This is increasingly becoming a reality now with China even dubbing…
A truck drivers strike could cause major disruption at the Port of Vancouver Inchcape Shipping Services (ISS) warn.
The Australian Maritime Safety Authority (AMSA), along with researchers at the Universities of Queensland and Western Australia, has commenced a three year project to discover what makes a “safety culture”…
Container shipping rates are expected to only begin recovering towards the end of 2014 despite an increase in ship scrapping activities and continued slow steaming, according to shipping trust Rickmers…
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