Four Firms in Race for Takoradi Dry Bulk Terminal Concession

Image Courtesy: GPHA

Four companies have been shortlisted to take part in the next stage of the concession award process for the ...

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MSI: Tanker Market Conditions Causing Headaches for Owners

Image Courtesy: Bahri

Current conditions in the Very Large Crude Carrier (VLCC) freight market are not entirely attributed to ...

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Pirates Attack Vectis Osprey off Nigeria, Crew Safe

Image Courtesy: Carisbrooke Shipping

The 2012-built general cargo vessel Vectis Osprey resumed its regular voyage after it was attacked by a group of ...

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Tanker Granted Access to Zueitina Terminal

Illustration; Image Courtesy: NAT

The Greece-flagged crude oil tanker New Hellas has been granted approval to enter Libya’s Zueitina oil ...

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MSI: Dry Bulk Market Could Recover in 4th Quarter

Image Courtesy: Diana Shipping

The dry bulk markets are expected to see a fourth quarter bounce in chartering activity for both the Capesize and ...

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ILO: Algeria Ratifies Maritime Labour Convention

Image Courtesy: Danny Cornelissen/Nautilus International

Algeria recently became the 79th Member State to ratify the Maritime Labour Convention, 2006 (MLC, 2006) with the ...

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Drewry: Pressure Mounts on Carriers to Cut Costs

Image Courtesy: Maersk Line

As the container industry revenues are contracting faster than carriers can cut costs, the shipping consultancy ...

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Readers' Picks of the Week

Readers’ Picks of the Week (Nov 16th – Nov 20th)

Hapag-Lloyd Sees Disappointing First-Half Year Result German shipping major Hapag-Lloyd said its first-half year ...

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CMA CGM Sets Up New EURAF 6 Service

French container shipping company CMA CGM plans to launch a new service connecting Europe and West Africa, EURAF 6, ...

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CMA CGM Adds Vlissingen Port to EURAF 1

French container shipping major CMA CGM plans to add the Dutch port of Vlissingen to its Europe – West Africa ...

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MSI: Future Shipping Cycles to See Structural Change

Image Courtesy: Sea Cargo US

Excess shipyard capacity and a slowing but still considerable orderbook are the negative factors overhanging ...

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Alphaliner: Global Container Volumes Rise at Sluggish Pace

Image Courtesy: Port of Rotterdam

As the weak volume growth recorded in the first half of 2016 dragged full year volume projections down, Alphaliner ...

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Infographic: How Shipowners Changed Behavior in 1H 2016

Image Courtesy: STX

The infographic below, released by VesselsValue, shows the change in ship ordering, selling and scrapping ...

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NOC Urges Conflicted Groups Not to Destroy Zueitina Port

Image Courtesy: Zueitina Oil Company

Libya’s National Oil Corporation (NOC) on August 7 called on rival armed groups to avoid destroying the oil ...

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Drewry: Mega-Alliances Could Help Transhipment Hubs

Image Courtesy: MPA Singapore

The world’s largest transhipment hubs are exposed to numerous risks, from poor underlying demand to increasing use ...

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Tanker Market Could See More Upside Potential in 2H

Image Courtesy: Frontline

Due to rather severe summer doldrums, earnings across all tanker sectors dropped to levels not seen since ...

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Readers' Picks of the Week

Readers’ Picks of the Week (Nov 16th – Nov 20th)

Euronav Purchases VLCC Newbuilding Duo Antwerp-based tanker owner and operator Euronav NV has decided to further ...

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Value of Second-Hand Vessel Sales Halved in July

Image Courtesy: MOL

A total of USD 1.6 billion was spend on second-hand vessels in July 2016, compared to USD 3.1 billion spent in the ...

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Alphaliner: Boxship Orderbook Ratio Drops Like It's 1999

Image Courtesy: MSC

The containership orderbook, measured as a percentage of the existing fleet, has fallen to its lowest level since ...

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Drewry: Dry Bulk Charter Rates on Road to Recovery

Image Courtesy: Diana Shipping

Charter rates on major dry bulk shipping routes are expected to recover due to increasing trade and contracting ...

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ZIM Most Reliable Carrier in 2nd Quarter

Image Courtesy: ZIM

Israel’s cargo shipping company ZIM Integrated Shipping Services Ltd. was the most reliable carrier during ...

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Drewry: MR Charter Rates to Drop amid Falling Freight Rates

Illustration; Image Courtesy: Ardmore

Time charter rates in the smaller chemical tanker vessel sizes are expected to remain stable over the next two ...

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GSF Develops Plan to End Container Shipping Surcharges

Image Courtesy: BSM

Global Shippers’ Forum (GSF) has developed a plan to end container shipping surcharges within five years, GSF ...

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Container Port Operators Eye Mergers and Acquisitions

Image Courtesy: FEPORT

Softening demand growth coupled with larger liner shipping alliances and bigger ships is moving the container ports ...

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Libya Gears Up to Restart Oil Exports from Blocked Ports

Image Courtesy: Shipspotting

Libya’s National Oil Corporation (NOC) revealed that it is working on restarting exports from three blocked ...

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Drewry: Idle Boxship Fleet Increases across All Ship Sizes

Image Courtesy: UASC

Growing overcapacity is causing an increase in the idle containership fleet across all ship sizes and apparently in ...

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MV Benita Sinks while En Route to India

Image Courtesy: Five Oceans Salvage

The bulk carrier MV Benita, which was under tow en route from Mauritius to India, sank some 93.5 nautical miles ...

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