Shipowners Forced to Either Cut Rates or Fleet

Image Courtesy: MSC

The current container market downturn is forcing some independent shipowners to either reduce charter rates to help ...

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Golar-Schlumberger Tie-Up Unaffected by Fortuna Decision

Image Courtesy: Golar LNG

Schlumberger’s withdrawal from the Fortuna/Ophir development will not in any way influence the framework ...

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Grounded Boxship Suspends Northbound Convoys in Suez

Image Courtesy: Dredging Suez Canal

Northbound convoys in the Suez Canal have been suspended following grounding of a 153,514 DWT containership ...

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Blacklisted Indian-Flagged Tanker Returning to Libya

Image Courtesy: Shipspotting

The Indian-flagged tanker that was blacklisted by the UN Security Council for carrying ‘illicit’ oil ...

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UN Blacklists India-Flagged Tanker for 'Illegal' Oil Cargo

Image Courtesy: Shipspotting

The UN Security Council Committee has blacklisted India-flagged tanker Distya Ameya for being involved in attempts ...

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Pirates Free Kidnapped Turkish Crew

Image Courtesy: Kaptanoglu

Six Turkish crew members of Malta-flagged tanker MT Puli who were kidnapped by pirates over two weeks ago while ...

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44 Seafarers Captured as Violence Rises in West Africa

Image Courtesy: Navy

44 seafarers have been captured so far this year amid growing violence off the coast of West Africa, new figures ...

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Baltic Dry Index Surges to 704 Points

Image Courtesy: Diana

A recent Capesize market uptick, caused by an increase in iron ore trade, higher steel prices and a rise ...

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Piracy, Maritime Crime Costing Nigeria USD 1.5 Bn a Month

Image Courtesy: Oceans Beyond Piracy (OBP)

Nigeria is losing about USD 1.5 billion a month due to piracy, armed robbery at sea, smuggling, and fuel supply ...

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NOC Blocks Vessel from ‘Illicit’ Loading

Image Courtesy: Shipspotting

Libya’s National Oil Corporation (NOC) has prevented an attempt from the parallel Beida government aimed at loading ...

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Orphaned Carriers Will Have to Find New Partners

Image Courtesy: UASC

The formation of the Ocean Alliance by CMA CGM, COSCO Container Lines, Evergreen Line and OOCL means that carriers ...

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6 Pirate Attacks in 24 Hours off Nigeria, Two Crew Kidnapped

Image Courtesy: Thinkstock image

Two crew members of an offshore supply vessel were kidnapped by pirates while their ship was underway around 97 ...

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IMO Meeting Ends without Deal on Fair Share Contribution

Image Courtesy: IMO

Members of the International Maritime Organization (IMO) failed yesterday to reach a deal on fair share ...

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Drewry: Liner Reliability Improves in March

Image Courtesy: Maersk Line

Ocean carriers bucked a five-month downwards trend by improving container service reliability in March, according ...

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ENGIE Pens LNG Import Deal with EGAS

Image Courtesy: ENGIE

French utility company ENGIE and the Egyptian national company EGAS, have executed a cooperation agreement on LNG ...

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MSI: Capesize Upturn Remains Fragile

Image Courtesy: Diana Shipping

A rise in iron ore trade, higher steel prices and increased scrapping have been the main factors in the recent ...

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Containership Scrapping to Pick Up in 2016

Image Courtesy: NGO Shipbreaking Platform

Containership scrapping is expected to intensify in 2016 as charter market demand for Panamax ships is bound ...

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BDI Reaches New High with 635 Points

Image Courtesy: Diana

The Baltic Dry Index (BDI) has experienced a further increase with the continued recovery of the dry bulk shipping ...

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Readers' Picks of the Week

Readers’-Picks

Port Automation: Friend or Foe? Development of modern technology has ushered in a myriad of changes into the ...

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Multipurpose Shipping to Pull Through by End of 2017

Image Courtesy: Horizon Ship Brokers

The multipurpose shipping market is not expected to recover until the end of 2017, when more bulk demand is ...

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Liberia – First Choice for Greek Shipowners

Image Courtesy: LISCR

Liberia has strengthened its position as the leading open registry of choice for Greek shipowners, according to the ...

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Carriers under Spotlight amid Worsening Balance Sheets

Image Courtesy: Diffen

The rapid deterioration of Hyundai Merchant Marine’s (HMM) financial situation has also put the spotlight on ...

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CMA CGM Turquoise Attacked, Two Crew Kidnapped

Image Courtesy; Interpol

A containership chartered by the French shipping major CMA CGM has been attacked by pirates off Nigeria, who are ...

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Dry Bulk Rate Recovery Short-Lived?

Image Courtesy: Port of Atnwerp

Shipping rates for vessels transporting commodities such as coal, iron ore and grains racked up impressive gains in ...

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Newbuilding Orderbook Takes a Nosedive in Q1

Image Courtesy: HHI

The first quarter of 2016 was hit by a major decline in ordering newbuilds with only 77 new ships ordered by the ...

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IGU: LNG Carrier Tonnage Glut Set to Deepen Further

Image Courtesy: RASGAS

The 29 LNG carriers, including the FSRU Golar Tundra, delivered in 2015 far outweighed additional shipping ...

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Navig8 Group Extends Services to Offshore Market

Image Courtesy: RKOM

Maritime services provider Navig8 Group has decided to enter the offshore energy market with an agreements to ...

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