View the online version • GulfNav Settles VLCC Dispute • Readers’ Picks of the Week (February 13 – 17, 2017) • Iraq About to Invest in Large Tanker Fleet • SDU Calls Off Strike at APM Terminals Gothenburg • KNOT Shuttle Tankers to Buy Tordis Knutsen • Philly Shipyard Sees Higher Income • Expansion Works Start at Virginia International Gateway • Update: Deal Signed for Construction of World's Largest Hybrid Ferry • Raffles Shipping Orders Six Chemical Tankers in China • HMM Eyes Stake in Two More Hanjin Terminals • Viking Line to Bolster Helsinki-Tallinn Route • New Zealand to Improve Seafarers' Onboard Conditions • Ruptured Containership Towed to Danish Repair Yard • Euroseas Triples Its Full Year Loss • Ocean Yield: Good Time to Invest in New Ships • Hanjin Shipping Officially Declared Bankrupt • Ministry: Spanish Dockworkers Cancel Planned Strike • Solvang to Order up to Four Ethylene Carriers GulfNav Settles VLCC Dispute Dubai-based shipping company Gulf Navigation Holding PJSC (GulfNav) has reached a final settlement with three lenders including DVB Bank SE, BNP Paribas and DNB Bank ASA related to very... Read more Readers’ Picks of the Week (February 13 – 17, 2017) Read more Iraq About to Invest in Large Tanker Fleet Iraq has set sights on creating a large fleet of modern oil tankers to transport the country's crude, Reuters reports quoting a statement from the country's Oil Minister. "The ministry... Read more SDU Calls Off Strike at APM Terminals Gothenburg The Swedish Dockworkers Union (SDU) has agreed to cancel industrial action in the Port of Gothenburg, scheduled for February 17-28, 2017. The decision to call off the action, which included... Read more KNOT Shuttle Tankers to Buy Tordis Knutsen KNOT Shuttle Tankers AS, a subsidiary of KNOT Offshore Partners, has entered into a share purchase agreement to acquire KNOT 24, the company that owns the 2016-built Suezmax shuttle tanker... Read more Philly Shipyard Sees Higher Income 2016 has brought better financial fortunes for US-based shipbuilder Philly Shipyard, whose profit rose to USD 38.7 million from USD 17.4 million seen in 2015.  In 2016, the company's... Read more Expansion Works Start at Virginia International Gateway The marine container terminal Virginia International Gateway (VIG) has launched a USD 320 million expansion project which is expected to nearly double the terminal's annual cargo handling... Read more Update: Deal Signed for Construction of World's Largest Hybrid Ferry Norwegian ferry operator Color Line has signed a contract with compatriot shipbuilder Ulstein Verft for the construction of the world's largest hybrid vessel. In January this year,... Read more Raffles Shipping Orders Six Chemical Tankers in China Singapore-based Raffles Shipping Group has ordered six small chemical tankers from China's shipbuilder Jinhai Heavy Industry, VesselsValue's data shows.  The value of the order, which... Read more HMM Eyes Stake in Two More Hanjin Terminals South Korean shipping company Hyundai Merchant Marine has signed a deal with Hanjin Shipping and Marine Terminals Investment Limited (MTIL) to acquire Hanjin Pacific Corporation's terminals... Read more Viking Line to Bolster Helsinki-Tallinn Route Finnish ferry company Viking Line has decided to strengthen its Helsinki-Tallinn route as the company will add a new vessel, the Viking Faster, to the route during the period from April... Read more New Zealand to Improve Seafarers' Onboard Conditions In an effort to protect domestic and international seafarers and improve their safety and wellbeing onboard New Zealand and foreign-flagged vessels, New Zealand said that it would start... Read more Ruptured Containership Towed to Danish Repair Yard The 22,506 dwt containership Victoria is being towed for repairs at the Danish Fayard ship repair facility after it suffered a 50-meter-long hull rupture on February 10. The vessel was... Read more Euroseas Triples Its Full Year Loss Athens-based shipping firm Euroseas has seen its net loss for the year ended December 31, 2016 widen to USD 45.9 million, compared to a net loss of USD 15.6 million reported a year earlier. This... Read more Ocean Yield: Good Time to Invest in New Ships Norwegian shipowner Ocean Yield ASA said it is financially well-positioned for new investments in vessels with long-term charter, following a sale of bonds in American Shipping Company ASA... Read more Hanjin Shipping Officially Declared Bankrupt The former South Korean shipping giant Hanjin Shipping was officially declared bankrupt by the Seoul Central District Court on Friday 17, less than six months after it first filed for court... Read more Ministry: Spanish Dockworkers Cancel Planned Strike Spanish dockworkers have called off the announced strike after the government promised it would postpone plans to reform the port system and start negotiating with trade unions, Spain's... Read more Solvang to Order up to Four Ethylene Carriers Norwegian transporter of LPG and petrochemical gases Solvang Shipping has signed a Letter of Intent (LOI) for the construction of up to four ethylene carriers with South Korea's shipbuilder... Read more Advertorial: Online foreclosure auction ABIS Esbjerg The heavy-lift motor sea vessel named ABIS Esbjerg will be auctioned online by BVA-Nautic.com Read more Events European Shipping Week 2017 2017-02-27 - 2017-03-03 European Shipping Week is intended to be a platform where policy-makers from the main EU institutions will meet and engage with European shipowners and other stakeholders from the shipping sector. The focus is on shipping, in all its different aspects. More info Seatrade Cruise Global 2017-03-13 - 2017-03-16 For more than 30 years, Seatrade Cruise Global has been the leading international exhibition and conference serving the cruise industry by bringing together buyers and suppliers for a week of networking, sourcing, innovation, and education. As an exhibitor at Seatrade... 9th Annual Coasts and Marine Structures 2017 Conference 2017-03-20 - 2017-03-22 Discover Best Practise Strategies for Design, Planning, Construction and Asset Management To remain competitive, Australian port operators must plan, design, manage and maintain their assets more creatively and proactively to meet future demands and drive profitability. With... African Ports Expansion Conference 2017 2017-03-20 - 2017-03-21 Africa is experiencing a major surge in trade with growing volumes of cargo across its ports. To keep up with the increase, government authorities across the continent are investment millions to increase its capacity. As such, the African Ports Expansion Conference... 14th Annual Green Ship Technology 2017-03-21 - 2017-03-24 4 concurrent streams focussing on innovation in ship design, energy management, emissions reduction & discharges to sea Cargo owners' response to increased pressure for a sustainable logistics chain Shipowner panels analyse the realities of using... Intermodal Asia 2017 2017-03-21 - 2017-03-23 The Intermodal Asia in Shanghai is the leading trade fair in the transportation and container industry. At this trade show the major suppliers and service providers in the industry will meet. It is the ideal platform for exhibitors and visitors to strengthen existing... Shipping2030 Europe 2017-03-22 - 2017-03-23 Shipping2030 is a different kind of event, designed to provide the strategic platform the industry needs to locate the big ideas and accelerate innovation. Ferries Asia Summit 2017-03-27 - 2017-03-30 Propelling Regional Waterway Connectivity & Fleet-wide Operational Excellence Ferry travel is in the limelight. The potential for driving tourism growth is immense – and for archipelago nations battling with urban congestion, ferry services pose a clean, efficient... Copyright World Maritime News, All rights reserved. You are receiving this mail because you opted in at our website. Change your profile | Unsubscribe from this list