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first_imgDrewry: Big Three’s Liner Merger Is All about SurvivalThe latest merger of liner shipping businesses, revealed by Japan’s Big Three shipping companies yesterday, is further evidence of survival mergers and acquisitions sweeping the industry… Read More Report: Oil Tanker Explodes at Gadani Shipbreaking YardSome ten workers were killed while over 45 others were injured in a chain of explosion which occurred earlier today at Pakistan’s Gadani shipbreaking yard… Read More K Line, MOL, NYK to Join Forces in Container ShippingJapan’s big three container shipping companies have agreed to establish a new joint-venture company to integrate their container shipping businesses… Read More Maersk Line Slips into RedDue to a decline in freight rates, the Danish shipping giant Maersk Line has reported a loss of USD 116 million in the third quarter of 2016, down by USD 380 million from USD 264 million seen in the same period in 2015… Read More Japan’s Big Three End First Half FY 2016 in LossesOn the back of the deteriorating conditions in the shipping market, Japan’s Big Three shipping companies, K Line, NYK Line and MOL, reported losses for the first half of fiscal year 2016 ended September 30… Read More World Maritime News Stafflast_img read more