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KrisEnergy announced that the extraction of oil from Nong Yao field in Thailand started successfully. The company is working under the G11/48 licence in the Gulf of Thailand and started extraction from first three wells in cooperation with the partners Mubadala Petroleum and Palang Sophon. The Nong Yao field will …

The spot rates on Asia-Europe trade routes fell to historic lows, dropping with 32% during the last week, reported Shanghai Container Index (SCFI). The index rates on Asia-Europe routes fell by 214 USD, reaching 444 USD per TEU, which is the lowest level in the history of the maritime transport. …

Hyundai Heavy Industries built its 2000th ship since its establishment in 1970. The South Korean shipyard completed the building and delivered the 2000th vessel to Diamond Offshore Drilling Services. The millennium vessel for Hyundai Heavy Industries is the drillship Ocean BlackLion. The shipbuilder is the first, which reached such record. …

Import volumes through Vladivostok port decreased by 40% for the first four months of 2015, compared with the same period last year. The decline occurred in almost all products, as motor vehicles and parts import decreased with 50%, equipment with 60%, meat and meat products by 40%. Also according to …

The river barge Kreuzenstein allided with pillar of the East Railway Bridge in Stadtlau Austria on Danube river. The accident happened after the barge lost propulsion power and hit the pillar with slow speed. The bridge was closed for railways for several hours before full inspection of the pillar. It …

The general cargo ship Professor Katsman grounded on a mud bottom in Volga river after left the fairway due to navigation mistake of the duty officer. The vessel was making a voyage with 2,427 tons of general cargo on board from from St Petersburg to Baku, Azerbaijan. The ship hardly …

The Norwegian Golar LNG chartered six LNG carriers to the Swiss energy trader Trafigura. The vessels were time chartered until September and will transport liquefied natural gas to the newest tender of Trafigura – Argentina. The financial terms of the charter are not disclosed, but according to official sources, the …

The container operator CMA CGM increases capacity in Asia-North Europe routes, launching two new loops. The French container line will increase its capacity on the important trade route from 1 million TEU to 1.3 million TEU and the vessels engaged into the loops from 87 to 106. With such number …

Container crane boom broke during cargo handling operations of the boxship Maersk Karachi in Bremerhaven Container Terminal in Germany. After the accident the crane operator fell with cabin from over 50 m height and died. The port rescuqe team needed several hours to reach the man under the fallen container …

The dockworkers at Port of Callao in Peru started indefinite strike against the alleged unfair treatment of union workers by management. According to the port operator APM Terminals the real reason for the strike is the changes in work practices and modernization of the port and the new electronic rotating …