hanjin shipping leaving

South Korea’s Hanjin Shipping Co. said Monday it will close its European operations, in the latest sign that the troubled company may be heading toward liquidation.

Hanjin, South Korea’s largest shipping company, has so far obtained approval from the Seoul Central District Court to close eight of its 10 business operations in Europe, including its regional headquarters in Germany, according to a company

angelo Photo 1

With the title “Latest Issues Affecting Shipping”, Mr Joe Angelo, Deputy Managing Director of INTERTANKO and Honorary Member of HELMEPA, presented to Members of the Greek shipping community the current legislation of IMO and its development on issues such as ballast water management, greenhouse gases, fuel oil quality and availability, cyber risk management and e-navigation. He also referred to the work program of IMO for

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Construction of the UK's new £200m polar research ship, the RRS Sir David Attenborough, formally begins on Monday at Cammell Laird on Merseyside.
A ceremony will see a crane lower a near-100-tonne segment of keel on to blocks on the firm's slipway. The ship is intended to be at work by 2019.
The vessel is already well known owing to the online vote to name it, which saw the public choose Boaty McBoatface.

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The company’s shares surged on hopes for the sale.

The South Korean court overseeing Hanjin Shipping’s receivership process plans to put the collapsed shipper’s Asia-U.S. operations up for sale as early as Friday, a court spokesman said on Thursday.

The sale comes as creditors line up claims less than two months after the company, applied for court receivership

Hurricane Matthew

Worries about Hurricane Matthew at the height of its strength, pictured, forced the closure of ports throughout the US Southeast.
Ports from Miami to Hampton Roads resumed cargo operations Monday after Hurricane Matthew interrupted cargo activity for several days but left ports with much less damage than feared.

After causing more than 1,000 deaths in Haiti and severe damage as it swept through the Bahamas, Matthew

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He says it couldn’t compete against global rivals that were supported by their governments.

The collapsed Hanjin Shipping could not compete against global rivals that were supported by their governments, the chairman of its parent firm told a parliamentary hearing on Tuesday.

The world’s seventh-largest container shipper sought court receivership in late August after its creditors led by a South Korean state

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Norwegian Cruise Line is celebrating 50 years of operation this year. On December 19, 1966, the M/S Sunward made her first voyage from Miami to the Caribbean signifying the birth of Norwegian Caribbean Lines. Now, as Norwegian Cruise Line, the group is a global cruise brand with 14 purpose-built ships sailing to more than 300 destinations worldwide.

The cruise line was founded by Knut Kloster and Ted Arison, with just

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Canada's parks department on Monday confirmed the discovery of a British exploration ship that vanished during a storied Arctic expedition in 1846.

The statement comes two weeks after scientists from the Arctic Research Foundation announced they had found the ship—part of a two-vessel expedition during which both disappeared—submerged but well-preserved beneath 24 meters of water

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China’s main ports booked strong year-over-year growth in container throughput in August, fueling speculation of a possible trade recovery for the second half of the year in the world’s second-largest economy.

The country’s top eight ports handled a combined 13.65 million 20-foot-equivalent units in August, a rise of 7 percent on the same month in 2015. The growth follows a healthy 4 percent