Morocco Sells 40 Pct of Shares in Port Operator Marsa Maroc

Image Courtesy: Marsa Maroc

The government of Morocco has raised an amount of MAD 1.9 billion (USD 198 million) by disposing of a 40 percent ...

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Moody's Outlook on Global Shipping Sector Stays Negative

Image Courtesy: FTA

As the shipping industry is expected to see its earnings worsen, while freight rates are likely to remain ...

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BIMCO Covers Shipping Contract Novation Loopholes

Image Courtesy: FEPORT

BIMCO has published three standard novation agreements that provide a legal framework to change one of the original ...

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Drewry: Peak Season Volume to Stay on 2015 Level

Image Courtesy: Maersk

The 2016 third-quarter peak season will not bring much respite to carriers as the period is not expected to see ...

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New Ferry Service Connects Morocco to Europe

Image Courtesy: Attica Group

Moroccan and pan-African banking group BMCE Bank Of Africa Group and Attica Holdings S.A., a subsidiary of Marfin ...

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Box Shipping Rates Fall as East-West Price War Rages On

Image Courtesy: MSC

As the price war between container shipping companies persists, contract rates in the major East-West trade routes ...

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Container Shipping Rates Still Short of Previous Levels

Image Courtesy: Maersk Line

Although container shipping spot rates should be more stable through the rest of the year, presuming carriers have ...

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Xeneta: Price War Key Driver for Swapping Container Carriers

Image Courtesy: Seaspan Corporation

Price, risk management and loss of trust were identified as the main reasons why businesses end agreements with ...

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Heavily Loaded Tanker Thwarts Pirate Attack off Nigeria

Image Courtesy: Oceans Beyond Piracy (OBP)

A short period of calm seas in the Gulf of Guinea was interrupted as a group of pirates attempted to board a ...

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Infographic: Shipping Industry Needs to Raise CSR Awareness

Image Courtesy: MSC

The shipping industry needs to increase Corporate Social Responsibility (CSR) awareness as on average less than 50 ...

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Shipping Firms Still Far Away from Cyber Security Basics

Image Courtesy: GTMarine

While cyber security has become a hot topic on conference platforms and industry events around the world, ...

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Tanker Owners Told to Invest Wisely ahead of New Price Cuts

Image Courtesy: Euronav

Prompted by difficulties in accessing new finance, shipyards are likely to reduce further the newbuilding prices in ...

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EU's CO2 Regulations Must Line Up with International Rules

Image Courtesy: Dryad Maritime

The member national shipowners’ associations of the International Chamber of Shipping (ICS) have agreed to ...

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CLIA: Cruise Industry Stronger than Ever

Image Courtesy: CLIA

The cruise industry has surpassed 2015 ocean cruise passenger projections and has increased passenger expectations ...

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Last Week of May Deadliest in the Mediterranean Sea

Image Courtesy: UN

Last week’s migrant death toll in the Mediterranean Sea is believed to be the biggest this year as 1,083 ...

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Maritime NZ: IMO Softens Transition to New SOLAS Rules

Image Courtesy: Northwest Seaport Alliance

In light of the upcoming SOLAS container weight verification requirement and concerns over the transition to the ...

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Shipbuilders to Compete Neck and Neck for New Orders

Image Courtesy: HHI

Major shipbuilding nations will be put to the test during 2016, as the shipbuilding industry enters one of the ...

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DP World Raises USD 1.2 Bn, Agrees to Develop Berbera Port

Image Courtesy: DP World

Dubai-headquartered port and terminal operator DP World has raised USD 1.2 billion in a new 7-year sukuk set to be ...

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Readers' Picks of the Week

Readers’-Picks

Interview: Ship Value in Almost All Sectors Close to Historical Lows In May 2011, the mapping, ship search and ...

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BIMCO: Demolition Spree Hits Standstill Due to Rise in BDI

Image Courtesy: Diana

Following a scrapping spree witnessed in the first quarter of the year, the Baltic Dry Index’s (BDI) positive ...

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Drewry: Clarity Issues Could Delay Container Weighing

Image Courtesy: FEPORT

Although progress is being made for the upcoming implementation of the container weighing rules on July 1, it is ...

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Tankers Facing Pressure amid Nigerian Oil Export Disruptions

Image Courtesy: WSC

Both Suezmax and VLCC markets could be hit by downward pressure from sustained outages of Nigerian crude oil, ...

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Readers’ Picks of the Week (May 16 – 20, 2016)

Readers’-Picks

Danish Ship Finance: Shipyards Could Be Left without Orders by 2017 It is essential that new orders are placed ...

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Update: Oil Loading Resumes at Libya’s Hariga

Image Courtesy: Shipspotting/Martin Klingsick

The Maltese-flagged crude oil tanker Seachance has continued to load cargo at the Hariga oil export terminal in ...

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Sulphur Cap to Push Boxship Operators' Costs Up to USD 30Bn

Image Courtesy: Maersk Line

Depending on the ship size, speed and fuel price, containership operators saw an increase of some USD 500 million ...

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Pirates Prevented from Boarding Boxship in Gulf of Aden

Image Courtesy: Oceans Beyond Piracy (OBP)

A number of pirates were repelled from boarding a container ship as they approached the vessel in five skiffs while ...

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Owner of Abandoned Tanker in Liberia Emerges

Image Courtesy: Preston Veteran Gayflor/Farbric Radio

A Nigerian national, identified as Robert M. Saigba, has claimed ownership of the mysterious crewless ship Tamaya 1 ...

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