Global Cargo Fleet's OPEX Passes USD 100 Bn

Global ship operating expenses (OPEX) for the world’s cargo fleet have now breached USD 100 billion mark for the ...

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ICC: USD 1.6 Trn Gap in Global Trade Finance

There is a USD 1.6 trillion shortfall in trade finance globally, the International Chamber of Commerce (ICC) said ...

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Carriers Not Cashing In on Intra-Asia Container Trade Surge

Container traffic within Asia is flying according to trade statistics, but carriers are yet to feel the benefit, ...

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Primerose Shipping Orders Bulker Duo in China

Greek ship owner Primerose Shipping has ordered two bulk carriers in China, shipbroking sources say. The two 81,000 ...

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N8CT Inks 2nd Sale and Leaseback Deal with SBI

Chemicals transportation company Navig8 Chemical Tankers has entered into a second sale and leaseback deal with ...

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Top Six Largest Boxships

Starting with the latest addition to the global fleet of super-sized containerships, the recently-christened 21,413 ...

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Rates for Small LPG Vessels to Strengthen Further

Vessel oversupply will persist in the LPG shipping market for the next two years, keeping freight rates under ...

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Carnival Australia Carries More Passengers in 2016

The growth in cruising on locally-based ships of Australia’s cruise operator Carnival Australia has ...

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BDI Drops below 1,000 Mark

The Baltic Dry Index (BDI) fell to 994 points on Monday, May 15, down by 20 points, tumbling again below the 1,000 ...

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Aurora Expeditions Unveils Expedition Cruise Vessel Design

Australian cruise company Aurora Expeditions has revealed the design of its first purpose-built expedition vessel ...

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Advantage Tankers Linked to Five-Ship Purchase

The Marshall Islands-based holding company Advantage Tankers has allegedly bought five MR1 tankers from ...

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China Sparks World Container Traffic Boom

Preliminary data from Drewry’s Container Trades Statistics (CTS) indicates that world container traffic ...

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Asia - Oceania Trade Growth Slowing Down

The trade growth from Asia to Australasia is starting to slow down in 2017 with exports from North Asia taking the ...

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Gov't Urged to Tackle Lack of Cruise Ship Berths in Sydney

The Cruise Lines International Association (CLIA) Australasia has urged the New South Wales (NSW) Government to ...

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Drewry: Crude Tanker Market to See Recovery in 2020

Recovery in the crude tanker shipping market is not expected until 2020 as weak trade growth and a bloated ...

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Moody’s: Shipping Industry’s Outlook Holds Steady

The outlook for the global shipping industry is stable, given that — after excluding M&As and spinoffs ...

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Gibson: Surge in VLCC Orders amid Attractive Prices

Attractive newbuilding prices have pushed the order count for very large crude carriers (VLCC) to around 30 so far ...

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Carnival Australia's P&O to Stop Homeporting in Fremantle

Australia’s cruise line major Carnival Australia has decided to stop the homeporting of a number of its ...

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Incat to Design, Build Ferry for Armas

Australian shipbuilder Incat has received a contract for the design and construction of a large vehicle-passenger ...

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Drewry: Chemical Tanker Fleet Set to Outpace CPP Fleet

The shipping fleet trading in chemicals and vegoils is heading for an expansion moderately driven by a demand for ...

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Increased Crude Oil Tanker Demolition a Positive Sign

A total of 1.3 million dwt of crude oil tanker capacity was sent to the scrapyards during the first four months of ...

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VV: Newbuilding Orders Drop in April

Twenty-one new ships were ordered on a global level during the month of April, according to a monthly market report ...

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58 Seafarers Kidnapped in Q1, 2017

Pirates and armed robbers attacked 43 ships and captured 58 seafarers in the first quarter of 2017, slightly more ...

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Adani Facing Fines over Coal-Laden Water Spill in Australia

India-based mining company Adani is facing a potential compliance action after the company’s Abbot Point coal ...

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Nearly 2,000 Seafarers Affected by Piracy in West Africa

There was a 57 percent rise in the number of seafarers affected by piracy in West Africa in 2016, a report on the ...

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Ten VLCCs Set to Exit Trading Fleet in 2017

With demolition values on the rise and impending environmental regulations that will require costly upgrades to ...

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Clarksons: Boxships Sailing into More Positive Territory?

The container shipping market has seen a bit of a flop since the onset of the global financial crisis back in 2008, ...

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