iContainers: New Alliances to 'Shake Things Up'

New shipping alliances set to come into effect next week will lead to a shortage of options for freight forwarders, ...

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Owners Sending Fewer Ships to Scrapyards

Shipowners’ interest is being diverted away from the recycling market with secondhand vessel values rising, ...

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Global Box Volumes Prosper in Late 2016

Following a slow first half of 2016, port throughput rebounded in the second half of the year pushing the global ...

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Shipping Confidence Steady amid Fierce Competition

Shipping confidence held steady in the three months to end-February 2017, according to the latest Shipping ...

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Warranty Surveyors to Reduce Cargo Shifting Risk

Due to a recent increase in the incidence of deck cargoes shifting in heavy weather, the London P&I Club said ...

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Industry Looking for Ways to Return to Faster Volume Growth

The shipping industry is looking for ways to return to faster expansion in volumes as the slowdown in volume growth ...

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Giant Boxships Pose Risks That Are Not Being Discussed

There are numerous risks of technical nature not being considered when opting to construct the ever bigger ...

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BIMCO: Dry Bulk Industry's Road to Profitability

The dry bulk shipping industry remains well on target for profitable freight rates in 2019 if the projected fleet ...

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Value of Marine Freight Industry to Reach USD 210 Bn by 2021

The global marine freight industry is expected to return to 2014 levels by mid-2019 and reach a value of ...

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Global Maritime Kidnaps Jump by 44 Pct in 2016

Maritime kidnaps across the globe surged by 44 percent in 2016, in part driven by an uptick of activity in the Gulf ...

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Clarksons: Shipyards' Forward Cover Drops to 2.3 Years

Shipyards have been struggling with reduced vessel ordering for years as global output dropped and capacity ...

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BIMCO: Dry Bulk Fleet Tops 800 Mn dwt

Driven by a drop in dry bulk demolition and a surge in deliveries, the dry bulk fleet grew by 2.6% year-on-year in ...

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THE Alliance Unveils Safety Net in Case of Bankruptcy

The five member lines of THE Alliance said that they will establish an independent trustee to manage funds to be ...

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Carriers Start 2017 with Grim Outlook

As the container shipping industry continues to be plagued by the same challenges since the onset of the 2008 ...

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Fortescue Orders Tugs for Port Hedland Ops

Fortescue Metals Group’s subsidiary Pilbara Marine has ordered six 32-metre rotor tugs from Dutch ...

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New Zealand Orders 'Dirty' Vessel to Leave Tauranga

The 33,752 dwt bulk carrier DL Marigold has been ordered to leave New Zealand’s port of Tauranga after an ...

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Shipping Ops Resume at Darwin Port, Cyclone Warning Canceled

Shipping operations have been resumed in Port of Darwin, northern Australia, following the passing of a tropical ...

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Australia Recovers Cash for Ten Filipino Seafarers

Australia’s Fair Work Ombudsman has recovered AUD 100,649 (USD 76,010) for ten seafarers from the Philippines ...

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OFE: Asian VLCC Rates to Continue Falling

Very large crude carrier (VLCC) rates on the AG/Japan route tumbled by nearly w10 points within a day to w60 on ...

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Earthquake Affects CentrePort's Earnings

The earthquake which struck New Zealand on November 14 affected financial results of CentrePort, Wellington port ...

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Product Tanker Fleet Enters Moderate Growth Era

Product tanker orderbook has dropped to its lowest level in nearly 17 years as it was equivalent to 10.2% of fleet ...

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IMO 2020 Rule to Cost Shippers USD 60 Bn More a Year?

Global bunker fuel costs could rise by up to USD 60 billion annually from 2020, in a full compliance scenario, when ...

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MSI: Boxship Sector Entering Calmer Waters

The containership sector has started 2017 in a positive mood, with each of the industry’s drivers – ...

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Drewry: Liner Alliances Make Illogical Port Choices

By examining the correlation between carrier terminal ownership and the choice of port calls by the 2M and upcoming ...

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Oversupply Keeps January Vessel Orders at Record Low

Global ordering activity has fallen to 26-year low in January 2017, shipbuilding data from Maritime & Trade by ...

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Drewry: Carriers Reluctant to Narrow Supply-Demand Gap

Amid a huge gap between supply and demand in the container shipping industry, carriers seem to be reluctant ...

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Sea Shepherd: Japanese Whale Poachers Expand Killing Fields

Japanese whale poachers have expanded their killing fields to twice as big as before, Sea Shepherd, marine ...

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