79 Pct of Ships Sold for Scrap in Q1 Ended Up in South Asia

Image Courtesy: NGO Shipbreaking Platform

Out of 239 end-of-life ships sold for breaking in the first quarter of 2016 a total of 79 per cent of ships ended ...

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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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Insurance Claims for Chinese Newbuilds Most Frequent

Image Courtesy: CSSC

Vessels built in China have a higher claims frequency than those of other major shipbuilding nations, according to ...

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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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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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Bumi Armada Seeks over USD 275 Mln for Cancelled Charter

Image Courtesy: Keppel

Malaysian offshore services provider Bumi Armada Berhad has, through its wholly owned subsidiary Armada Balnaves ...

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Spotted: WWL Gets New HERO

Image Courtesy: Wallenius Wilhelmsen Logistics

Norwegian company Wallenius Wilhelmsen Logistics (WWL) has added another Post-Panamax vessel – the Theben. ...

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Indonesian Ports Halt Coal Shipments to Philippines

Illustration; Image Courtesy: EUNAVFOR

Indonesia is restricting shipping of coal to its neighboring Philippines following a rise in hijackings of its ...

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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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VIDEO: AIDAprima’s Twin Sister Taking Shape in Japan

Image Courtesy: Schiffe und Kreuzfahrten

AIDAperla is the name of the second cruise ship being built for German-based cruise line AIDA Cruises in Japan. The ...

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Dockworkers Strike at Patrick's Brisbane Terminal

Image Courtesy: Asciano

Employees at Australia’s Brisbane Autostrad Terminal, managed by port operator Patrick, launched a 48-hour ...

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Singapore Leads in Fleet Value per Capita

PSA Singapore

Singapore owners control nearly 2,000 deep-sea going vessels with a total value of USD 35.4 billion, what makes ...

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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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MOL Taps into Management Potential of LNG Carriers

Image Courtesy: MOL

Japanese shipping company Mitsui O.S.K. Lines (MOL) has begun the operation of its newly established LNG carrier ...

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Pacific Basin Eyes Rights Issue to Navigate Tough Market

Image Courtesy: Pacific Basin

Hong Kong-listed dry bulk shipping company Pacific Basin Shipping is planning to raise approximately USD 150.6 ...

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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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Spotted: Thorco Isadora Shipping Smaller Ships

Image Courtesy: Thorco

Ships shipping smaller ships is nothing strange for our industry. In one such example we bring you a video from ...

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Three Bidders in the Race for Melbourne Port Sale

Image Courtesy: Port of Melbourne Corporation

Three bids have been submitted for the lease of the Port of Melbourne’s largest container shipping terminal, ...

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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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Report: K Line to Slash Smaller Bulker Fleet by Half

Image Courtesy: K Line

Japanese shipping company Kawasaki Kisen Kaisha Ltd ( “K” Line) will cut in half its fleet of smaller ...

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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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NTC Orders Smart Systems for 70 Ships

Image Courtesy: Inmarsat

China’s Nanjing Tanker Corporation (NTC) is to equip its fleet with smart shipping communication technology ...

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MUA Turns Down Patrick’s EA Proposal Deadline

Image Courtesy: MUA

The Maritime Union of Australia said today that it has rejected the arbitrary deadline put in place by the ...

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India, South Korea Team Up on Port Development

Image Courtesy: Maritime Invest India

India and the Republic of Korea have signed a Memorandum of Understanding (MoU) for cooperation and mutual ...

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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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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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