Drewry: Bad Time to Own Old Boxships

MOL Precision, one of the two 2002-built containerships scrapped this year.

More containership capacity is being demolished than ever before, including old-design ships made redundant by the ...

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Readers' Picks of the Week

Readers’-Picks

Boskalis Decides to Withdraw 24 Vessels Dutch dredging and maritime company Boskalis has decided to take 24 vessels ...

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Mauritius Convicts Suspected Somali Pirates

Image Courtesy: EUNAVFOR

The Intermediate Court of Mauritius has reversed its earlier decision and convicted twelve persons accused of ...

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Hapag-Lloyd Increases Port Coverage in WMX Service

Image Courtesy: Hapag Lloyd

German shipping company Hapag-Lloyd said that it plans to revise its West Africa Mediterranean Express (WMX) ...

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ESC: Price Fixing Issue Not Solved by Carriers' Commitments

Image Courtesy: BSM

The adoption of a decision that renders legally binding the commitments offered by fourteen container shipping ...

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CMA CGM to Enhance Its Europe-West Africa Coverage

French container shipping company CMA CGM is to upgrade its EURAF 4 and EURAF 5 services connecting Europe and West ...

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Heavily Grounded MV Benita Step Closer to Refloating

Image Courtesy: Youtube/l'express

A number of cargo tanks aboard the heavily grounded bulk carrier MV Benita have now been pumped out, pressurised ...

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ZIM to Upgrade Its MAF Service

Image Courtesy: ZIM

Israel’s shipping company Zim Integrated Shipping Services is restructuring and upgrading its ...

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Top Firms Join Forces to Boost LNG as Marine Fuel

Image Courtesy: FTA

A number of companies have decided to join forces in a new cross-industry initiative called SEA\LNG, to accelerate ...

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Clarksons: Shipping Sees Toughest 1H Since Financial Crisis

Image Courtesy: MOL

Shipping is experiencing some of its toughest conditions since the financial crisis and, despite its many efforts, ...

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MSI: Brexit to Hit Container Shipping Recovery Prospects

Image Courtesy: Maersk Line

The UK Brexit vote will have far-reaching effects on the container shipping market, despite the country’s ...

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Readers' Picks of the Week

Readers’-Picks

Fincantieri, CSSC Tap Into China’s Growing Cruise Industry Italian shipbuilder Fincantieri and China’s shipbuilding ...

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Pirates Attack Tanker Bouboulina in Gulf of Guinea

Image Courtesy: Interpol

A group of armed pirates has approached and opened fire upon a tanker which was underway some 89 nautical miles off ...

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CMA CGM Rejigs India, MEG Services to East Africa

Image Courtesy: CMA CGM

French container shipping company CMA CGM is to reorganize its Noura Express and Swahili services connecting India, ...

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EU: No Breach of Competition Laws in GRI Probe

Image Courtesy: MSC

The European Commission has closed its formal investigation into fourteen container shipping companies due to a ...

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World’s Bulk Terminals Get New Representative

Image Courtesy: Diana Shipping

A new trade association has been established to provide the world’s bulk terminals with a united front at ...

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Drewry: Container Rates to Rise after Hitting Bottom

Image Courtesy: Hapag-Lloyd

Container freight rates are forecast to rise modestly over the next 18 months from the all-time lows reached ...

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Armed Robbers Board Ship in Guinean Anchorage

Image Courtesy: Thinkstock image

An anchored heavy lift vessel was boarded by six robbers armed with machine guns and knives in the Conakry ...

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Salvors Start Preparing MV Benita for Refloating

Image Courtesy: Youtube/l'express

The salvage operation on the heavily grounded bulk carrier MV Benita, which ran into trouble on June 17 when it hit ...

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Drewry: No Respite for Multipurpose Fleet Until 2018

Image Courtesy: AAL Shipping

The demand outlook for the multipurpose vessel (MPV) fleet has not improved since the first quarter of 2016 and is ...

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APM Terminals Proves Ready for VGM Container Rules

Image Courtesy: APM Terminals

The Netherlands-based APM Terminals has reported a smooth incorporation of the new Safety of Life at Sea Convention ...

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Tanker Fleet Grows by 203 Units in a Year

Image Courtesy: Teekay

After a period of very limited tanker fleet growth across all but the MR sector, the tanker fleet has surged over ...

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Dockers Prepare to Take Action Globally

Image Courtesy: Offshore and Home Trade Seamen's Welfare Trust

The International Dockworkers’ Council (IDC), International Transport Workers’ Federation (ITF) and European ...

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IMO's VGM Rules for Containers Come into Force

Image Courtesy: Northwest Seaport Alliance

A new regulation requiring the gross mass of a container to be verified before it is loaded onto a ship enters into ...

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Paris MoU Sees Less Bans in 2015

Image Courtesy: Paris MOU

Paris MoU saw a large decrease in the refusal of access or bans in 2015 – 11 bans compared to 20 in the ...

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Demolition of Panamax Containerships Spikes

Image Courtesy: NGO Shipbreaking Platform

Demolition of containerships almost tripled in the first five months of 2016 in comparison to the same period of ...

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Carriers' Service Reliability at Six-Month High in May

Image Courtesy: OOCL

Ocean carriers achieved a six-month high for liner service reliability in May, according to data provided by ...

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