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
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
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.
An
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
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
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
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
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
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
The lease was reportedly sold for $9.7 billion and consortium members include Global Infrastructure Partners, Future Land and Queensland Investment Corporation.
Premier Daniel Andrews, said: "To say this is a good day and this is a pleasant surprise is understatement. This is a massive vote of confidence, an almost $10 billion vote of confidence, in what is without any doubt the strongest-performing economy in our nation. This
The onion-domed spires and world-class art of St. Petersburg, Russia, have catapulted it to the top of Cruise Critic's first-ever Cruisers' Choice Destination Awards.
The awards, which are based on consumer reviews from Cruise Critic's website, will be given out today to cruise ship destinations across 15 regions. Other top winners include Paris, which was rated the best river cruise
The collapse of Hanjin Shipping (117930.KS) will boost the cost to U.S. businesses and consumers of a wide range of imported goods, from furniture and clothing to fresh fruit and frozen meat, according to federal agencies, shippers and retailers.
With Hanjin's future in doubt, carriers have announced they will hike container freight rates by as much as 50 percent beginning next month as retailers scramble to secure shipping ahead
After 22 years from the introduction of the landlord system (1994 Port Reform), the Italian Government approved a new reform law that is going to further reshape the organization of the whole port architecture at national level.
The current 24 Port Authorities (PAs), together with other 33 minor ports, are going to be substituted by 15 Port System Authorities. In line with the rationale of the Law, PSAs inherit the duties
The Arbitral Tribunal appointed by the Chamber of Commerce in Helsinki has set at € 18.00 per share the fair redemption price for the shares of the Finnish company Finnlines Plc. The arbitral award was issued in conclusion of the process of redemption of the minority shares by the Grimaldi Group.
The total number of shares of Finnlines, 100% owned by the Group Grimaldi, is 51,503,141, with a market capitalization of € 927,056,538.
"Autotomy" is a subaquatic sculptural project made in collaboration with Hydra Dive Center in Greece. The work can be experienced in Vlychos Beach on Hydra Island until September 10.
Autotomy (from the Greek auto”self” and tome “severing”) is defined as the reflex separation of a part from the body. This spontaneous division occurs with certain animals when facing an imminent threat. This automatic release, letting go a
An agreement has been signed recently between the Venice Port Authority, the Lübeck Port Authority (Lübecker Hafen-Gesellschaft - LHG) and the Grimaldi Group for the creation of an intermodal connection (ship + train + ship) via the ports of Venice and Lübeck to connect the Adriatic and the Baltic Seas, meaning Sweden, Finland and Russia with southern Italy and Greece. The joint goal of the involved parties
In case you aren’t already well versed in the realm of deep blue holes, aka oceanic sinkholes, there’s a massive one near the Paracel Islands in the South China Sea scientists recently measured to be 987 feet deep. Dubbed the “Dragon Hole,” it’s 300 feet deeper than Dean’s Blue Hole in the Bahamas, leading researchers to believe it could be the deepest blue hole on the planet.
Because a hole of that depth is far too pressurized for
Shipping companies must be prepared to begin monitoring and reporting vessel greenhouse gas emissions for ships of more than 500gt loading or unloading at European ports. Owners will need plans for monitoring, and will need to submit verified emissions reports to the European Union for the whole voyage.
This is part of the EU’s monitoring, reporting and verification (MRV) regulation for CO2 emissions that comes into force
