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18,000+ TEU Megaships: Will they live up to the promise?

There are 56 container ships of 18,000 + TEU on order slated for delivery from April, 2017 till June, 2020. The mega boxships are intended predominantly to sail on the North Europe-Far East trade dominated by carrier alliances that have been fre...

21/04/2017 Read

Prosafe to sell another one for scrap

Prosafe, an owner and operator of semi-submersible accommodation rigs known as flotels, has decided to sell another one of its units for scrap.  In a Friday operational update for the first quarter of 2017, Prosafe said it has taken the decis...

21/04/2017 Read

Hoegh LNG Partners ups cash distribution due to FSRU acquisition

Höegh LNG Partners, the Bermuda-based limited partnership formed by Norway’s Höegh LNG, raised its first quarter cash distribution to $0.43 per unit. This represents an increase of 4.24% from the fourth quarter 2016 distr...

21/04/2017 Read

Philippine forces rescue cargo ship from pirates

The Philippine Coast Guard and Navy have thwarted a pirate attack on a freighter off Zamboanga del Norte, the Philippines, the Coast Guard confirmed to World Maritime News. The attack occurred in the morning hours of April 18, local medi...

20/04/2017 Read

To reduce losses, North P&I suggests testing mariners

North P&I Club is subsidizing the cost of an online seafarer evaluation program, part of a loss prevention effort that targets “officer quality and culture.” The evaluation program's standardized tests, developed and offered by...

20/04/2017 Read

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