BIMCO: Time for Carriers to Get Ahead of the Curve

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The 2015 has started off as a pretty challenging year for the container shipping industry. With volatile spot rates ...

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Northern Sea Route to Overpower Suez Canal

Northern Sea Route to Overpower Suez Canal

Roughly two thirds of the world trade that passes through the Suez Canal, which is 8% of the global total, will be ...

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Container Shipping Rates Ever More Volatile

Container Shipping Rates Increasingly Volatile

The volatility of global container shipping spot freight rates since the start of 2015 has continued to increase in ...

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DNV GL Unveils Its Unmanned FLNG Concept

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DNV GL has developed a new unmanned floating LNG concept intended to unlock the potential of remote offshore gas ...

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ICS Dismayed by US Stance on Ballast Water Regime

ICS Secretary General, Peter Hinchliffe

The International Chamber of Shipping (ICS) voiced its fears that the unilateral stance taken at last week’s ...

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Eco-Conscious China Keeps Dry Bulk Market Down

Eco-Conscious China Keeps Dry Bulk Market Down

The dry bulk shipping market is not expected to return to profitability until 2017, despite a modest recovery in ...

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IMO Adopts Polar Code Environmental Provisions

IMO Adopts Polar Code Environmental Provisions

The International Maritime Organization (IMO) has adopted the environmental part of the International Code for ...

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Readers’ Picks of the Week (10-14 of May)

Readers’-Picks

Why Containers Get Lost at Sea? Containerization has reformed the ocean transportation of cargo becoming the ...

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Japan Sets Aside USD 280 Million for Nacala Port Project

Japan Sets Aside USD 280 Million for Nacala Port Project

The government of Japan has agreed to provide Mozambique with a USD 280 million loan for the second phase of the ...

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Why Containers Get Lost at Sea?

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Containerization has reformed the ocean transportation of cargo becoming the standard method of moving goods across ...

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Second Officer: No Warning Prior to Attack off Libya

Any Warning Prior to Attack on Turkish Freighter off Libya

Libya issued no warning prior to the attack, according to the second officer of a Turkish freighter that was ...

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IMO Tables Marshall Islands Proposal on CO2 Target

IMO Tables Marshall Islands Proposal on CO2 Target

The International Maritime Organization (IMO) decided on Wednesday to postpone the discussion on the setting of a ...

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IMO Concerned with Stalled BWMC Ratifications

IMO Concerned with Stalled BWMC Ratification, EU's CO2 Monitoring System

The ”disappointingly” slow pace of ratifications of the Ballast Water Management Convention and a ...

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Calm Seas Ahead for Global Shipping Industry

Calm Seas Ahead for Global Shipping Industry

Moody’s Japan K.K. says the outlook for the global shipping industry over the next 12-18 months is stable. ...

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Update: Bourbon’s Kidnapped Crew Freed

Bourbon's Kidnapped Crew Freed

The three crew members of Nigerian nationality who had been kidnapped off the coast of Nigeria in April have been ...

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Newbuild Ordering Frenzy Could Hurt Tanker Market

Newbuild Ordering Frenzy Could Hurt Tanker Market

Freight rates in the tanker market remained firm in April, considering seasonal weakness in activity and rates in ...

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Gibson: VLCCs Outearning Suezmaxes in 2015

VLCCs Outearning Suezmaxes in 2015

Rising West Africa to Europe crude trade, dramatic increases in spot fixtures out of the Middle East Gulf and a ...

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Seafarers Not So Happy After All

Seafarers Not So Happy After All

A survey released by the International Transport Workers’ Federation has highlighted the need for continuing work ...

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One Dead after Libya Military Attacks Turkish Freighter

One Dead after Libya Military Attacks Turkish Freighter

A ship officer died and several crew members were injured after a Turkish general cargo ship was shelled and ...

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Utilization of VLCCs for Storage on the Rise

Utilization of  VLCCs for Storage on the Rise

More vessels are being used to store crude oil based on a recent report by Poten & Partners covering the ...

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Clarkson: Dry Bulk Orders Spiraling Down

Dry Bulk Orders Spiraling Down

In the last four months dry bulk orders have fallen to 0.4 million dwt per month, the lowest level since the 1990s, ...

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Readers’ Picks of the Week (4-8 of May)

Readers’-Picks

MAST: Security Situation in the Mediterranean Could Get Out of Hand Incidents of criminality and piracy on the high ...

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Capesize Scrapping Extravaganza Good for Dry Bulk Market

Capesize Scrapping Extravaganza Good for Dry Bulk Market

The activity on the demolition market is off to a good start in 2015 when looking at dry bulk tonnage, with ...

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State-Building in Libya Key to Resolving Migrant Crisis

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A greater focus should be put on state-building in the politically unstable Libya instead of infrastructure ...

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MAST: Security Situation in the Med Could Get Out of Hand

Security Situation in the Med Could Get Out of Hand

Incidents of criminality and piracy on the high seas and in coastal areas of the Mediterranean could become more ...

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Dry Bulk Freight Rates to Remain Weak in Next 5 Years

Dry Bulk Freight Rates to Remain Week in Next 5 Years

Overcapacity and low fuel prices are bound to keep low dry bulk shipping freight rates for the rest of the decade ...

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Capesize Options Lift Dry FFA Market in April

Capesize Options Lift Dry FFA Market in April

April 2015 was the busiest month of the year for the dry bulk freight derivatives market, according to the figures ...

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