Global Cargo Fleet's OPEX Passes USD 100 Bn

Global ship operating expenses (OPEX) for the world’s cargo fleet have now breached USD 100 billion mark for the ...

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ICC: USD 1.6 Trn Gap in Global Trade Finance

There is a USD 1.6 trillion shortfall in trade finance globally, the International Chamber of Commerce (ICC) said ...

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Svitzer Scoops Moroccan Bounty

Svitzer, part of the Maersk Group, has been awarded a 20-year concession to provide terminal towage services to the ...

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Bulkers Caught Up in Western Sahara Dispute

The authorities in Panama have detained a dry bulk carrier loaded with around 55,000 tons of phosphate rock mined ...

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Top Six Largest Boxships

Starting with the latest addition to the global fleet of super-sized containerships, the recently-christened 21,413 ...

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Six Crew Kidnapped from Cargo Ship off Nigeria

Six crew members have been kidnapped from a general cargo vessel off Nigeria, according to ICC International ...

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Pirate Attack against Bulk Carrier Foiled in Gulf of Aden

The Liberian-flagged bulk carrier MV Lord Mountbatten was attacked by pirates on Tuesday, May 16 while under way ...

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Rates for Small LPG Vessels to Strengthen Further

Vessel oversupply will persist in the LPG shipping market for the next two years, keeping freight rates under ...

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BDI Drops below 1,000 Mark

The Baltic Dry Index (BDI) fell to 994 points on Monday, May 15, down by 20 points, tumbling again below the 1,000 ...

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IDC Demands Release of Arrested Benin Dockworkers

The International Dockworkers Council (IDC) has called for the unconditional freeing of the twenty sacked, fined ...

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China Sparks World Container Traffic Boom

Preliminary data from Drewry’s Container Trades Statistics (CTS) indicates that world container traffic ...

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DP World’s Port of Berbera Project Gets Underway

UAE’s port developer DP World has launched activities aimed at developing Berbera port in the Republic of ...

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Midstream EPC Deals for Fortuna FLNG Awarded

Following the signing of the Umbrella Agreement for Africa’s first deepwater FLNG project, oil and gas company ...

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Drewry: Crude Tanker Market to See Recovery in 2020

Recovery in the crude tanker shipping market is not expected until 2020 as weak trade growth and a bloated ...

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Ops at Richards Bay Dry Bulk Terminal Back to Normal

 Operations at Richards Bay Dry Bulk Terminal are returning to normal, following a disruption by striking workers ...

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Moody’s: Shipping Industry’s Outlook Holds Steady

The outlook for the global shipping industry is stable, given that — after excluding M&As and spinoffs ...

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Gibson: Surge in VLCC Orders amid Attractive Prices

Attractive newbuilding prices have pushed the order count for very large crude carriers (VLCC) to around 30 so far ...

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Drewry: Chemical Tanker Fleet Set to Outpace CPP Fleet

The shipping fleet trading in chemicals and vegoils is heading for an expansion moderately driven by a demand for ...

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Increased Crude Oil Tanker Demolition a Positive Sign

A total of 1.3 million dwt of crude oil tanker capacity was sent to the scrapyards during the first four months of ...

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VV: Newbuilding Orders Drop in April

Twenty-one new ships were ordered on a global level during the month of April, according to a monthly market report ...

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58 Seafarers Kidnapped in Q1, 2017

Pirates and armed robbers attacked 43 ships and captured 58 seafarers in the first quarter of 2017, slightly more ...

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MtS Responds to Rising Seafarers' Welfare Issues in UAE

In the last two years, the Dubai-based team of the Mission to Seafarers (MtS) welfare charity dealt with 298 ...

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Nearly 2,000 Seafarers Affected by Piracy in West Africa

There was a 57 percent rise in the number of seafarers affected by piracy in West Africa in 2016, a report on the ...

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Parties Sign Umbrella Agreement for Fortuna Project

Oil and gas company Ophir Energy has entered into a detailed Umbrella Agreement (UA) that establishes the full ...

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Ten VLCCs Set to Exit Trading Fleet in 2017

With demolition values on the rise and impending environmental regulations that will require costly upgrades to ...

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Clarksons: Boxships Sailing into More Positive Territory?

The container shipping market has seen a bit of a flop since the onset of the global financial crisis back in 2008, ...

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Sharp Decline in Idling Boxships

As of 3 April 2017, the idle container shipping fleet stood at 0.97 million TEU, according to Alphaliner’s ...

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