Login
busan.jpg
Photo: Ritzau/AP/Wally Santana

Samsung cancels huge order

Ports:

Despite hard times in the South Korean shipbuilding industry, Samsung Heavy Industries has just canceled an order worth more than USD 780 million.


BY MORTEN LUND TIIRIKAINEN
Published 05.12.16 at 15:18

Log in to read articles

Some of our content is exclusively for subscribers.

Try ShippingWatch free for 14 days

Get 14 days free trial access

Sign up for ShippingWatch newsletter
Most read Ports

U.S. longshoremen earn three times average national wage

12165%20-%20Ship%20to%20Shore%20Cranes.jpg Ports:

The unionized American longshoremen earn significantly more than the average worker in the U.S., writes SeaIntel in an analysis.

APM Terminals executive team preparing new strategy

Ports:

When the new executive team is settled at APM Terminals, CEO Morten Engelstoft will set aside three days to develop a new strategy for the port company. Significantly fewer people than before will perform the task after a large reduction last year.

APM Terminals Gothenburg faces deficit in 2017

Ports:

APM Terminals' Managing Director in the Port of Gothenburg, Henrik Kristensen, takes stock after months of conflict: 35 percent of containers are gone, a negative result for the full-year 2017 after a triple-digit loss, and major customers have left. "Now we need to fight our way back," he tells ShippingWatch.

Singapore will check the marine gas oil trade

Ports:

The sulfur regulations lead to growing demand for marine gas oil, which is why the world's biggest bunker hub, Singapore, is working to introduce mass flow meters on the port's gas barges, Dr. Parry Oei, Director (Port Services), Maritime and Port Authority, tells ShippingWatch.

APM Terminals must pay again for Guatemalan port

Ports:

Although APM Terminals has already paid once for Guatemala's important Terminal de Contenedores Quetzal, the Maersk-owned port operator has accepted to pay an additional sum of money in the wake of the ongoing bribery case.

APM Terminals on layoffs: Conflict has cost one in five containers

Ports:

Tuesday's announcement that 160 employees will be axed at APM Terminals in Gothenburg was the only option for moving on from the conflict which has cost the terminal company customers as well as revenue. The dockworkers' union is shocked in the wake of the announcement.

Current front page

Bugbee: Maersk family will drive tanker consolidation

IMG_3322.JPG Tanker:

Robert Bugbee, CEO of Maersk Tankers' top competitor Scorpio Tankers, has great expectations for the Maersk family after its acquisition of Maersk Tankers. "I expect to see the Maersk family as a driving and consolidating force," he tells ShippingWatch.

Norway's central bank projects surge in oil investments

Services:

In a new report, the Norwegian central bank bolsters its faith in coming investments by the oil sector. More newbuild projects in particular spur the bank to raise its forecast.

Media: Maersk declines to let shareholders see sale assessments

Tanker:

Maersk has no intention of giving its shareholders insight into the assessments made by two investment banks in relation to the sale of Maersk Tankers to A.P. Moller Holding, reports Berlingske.

DSME looking to appeal ruling in Songa Offshore dispute

Suppliers:

Shipbuilder Daewoo Shipbuilding & Marine Engineering has filed for permission to appeal the ruling in the protracted dispute against driller Songa Offshore. The case concerns two delayed rigs.

MSC confirms order for 11 ultra-large vessels

Container:

MSC has ordered 11 ultra-large container vessels to be built at South Korea's DSME shipyard, a spokesman confirms to ShippingWatch.

OW Bunker estate has lost bunker price case

Services:

The OW Bunker estate has lost a bunker price contract case at the district court in Aalborg, Denmark, against three international shipping companies.

ADVERTISEMENT
ADVERTISEMENT

Vacancies

ADVERTISEMENT