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Merchant Navy World delivers expert coverage of the industry sectors that matter most to you and your business. This includes news and updates on markets, projects, vessels, equipment, research, shipyards, shipping companies and the authorities dominating these markets. Merchant Navy World brings you the latest news and updates from maritime industry.

27/08/2017

Declining spot market rates and vessel impairments have pushed tanker shipping company Maersk Tankers to a USD 483-million loss in the second quarter of 2017 from a profit of USD 28 million recorded a year earlier. The vessel impairments worth USD 464 million were due to an expected continuation of…

27/08/2017

Maersk Tankers, part of the energy division of Danish A.P. Moller – Maersk, has entered an equity agreement with CargoMetrics Technologies LLC (CargoMetrics), a Boston-based hedge fund specialising in quantitative trading models derived from shipping data. In line with the terms of the deal, Maersk…

27/08/2017

Seafaring has been described as a vital support mechanism for the global economy by the International Maritime Organization (IMO) ahead of the Day of the Seafarer marked last July. However, seafarers across the globe still face various challenges when they venture out to sea ranging from poor commun...

27/08/2017

Over the last five years, 12 to 19 crew abandonment incidents were reported annually and 1,013 seafarers were involved in total, the International Labour Organization (ILO) told World Maritime News. Furthermore, figures from this year, as of July 31, show that 28 abandonment cases were reported, inv...

27/08/2017

European container terminal operator EUROGATE plans to increase its labour force at Germany’s deep-water port of Wilhelmshaven by 50 percent. “The extensive recruitment programme foresees increasing the number of employees at EUROGATE’s Wilhelmshaven location from 400 at present to 600 as part of an...

27/08/2017

An investigation has been launched on behalf of investors of Top Ships, a Marshall Islands-incorporated tanker owner and operator, into the company’s dealings with Kalani Investment. According to US-based law firm Glancy Prongay & Murray LLP (GPM), the investigation concerns the company and its offi...

27/08/2017

The labour dispute at the Port of Gothenburg has led to a 22 percent drop in container volumes shipped during the first half of this year when compared to the corresponding figures from last year, the port authority said. The “unprecedented fall in the container volumes”, as the port described it, i...

27/08/2017

In addition to the Mercosul buyout project, French container shipping company CMA CGM plans to reshuffle its two services, pursuing its development strategy in South America. The services in question, linking South America and Europe, are Safran for Northern Europe and Sirius for the Mediterranean.…

27/08/2017

Oslo-listed owner and operator of LPG vessels, BW LPG has reported a loss after tax of USD 7 million in the second quarter of this year, trimming down the corresponding loss of USD 55.6 million from 2016. “The loss of USD 55.6 million in the same quarter last year was mainly due to an …

27/08/2017

A containership owned by Switzerland-based Mediterranean Shipping Company (MSC) was struck by a bunker barge while berthed in the Port of Piraeus, Greece, MSC confirmed to World Maritime News. The incident involving the 4,507 TEU MSC Brianna and the 6,400 dwt Erato occurred on August 23. As informed...

27/08/2017

Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) intends to test an autonomous containership in the Pacific Ocean in 2019. The ship would sail from Japan to North America with a crew on standby, Hideyuki Ando, a senior general manager at Monohakobi Technology Institute, part of NYK, tol...

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