Plunging Oil Prices Driving Down Fuel Costs

Plunging Oil Prices Driving Down Fuel Costs

Fuel costs could be cut by as much as USD 1 million a year if current price levels stay put for ships that burn 24 tonnes of fuel per day while steaming, the Baltic and International Maritime Council (BIMCO) said. This ...

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IMO Adopts Polar Code

IMO Adopts Polar Code

The International Maritime Organization (IMO) has adopted the International Code for Ships Operating in Polar ...

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Hyundai Heavy Sees First Strike in 18 Years

Hyundai Heavy Sees First Strike in 18 Years

Unionised workers at South Korea’s shipbuilding giant Hyundai Heavy Industries staged their first industrial action ...

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Small Island States Still Cut Off from Major Trade Routes

Small Island States Still Cut Off from Major Trade Routes

Small island developing states (SIDS) face severe and complex transport challenges, UNCTAD’s Review of ...

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DSME to Unveil Floating Storage Power Plant Concept

DSME to Unveil Floating Storage Power Plant Concept

South Korea’s Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) has made plans to introduce a new ...

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Oldendorff Stretches Financing for Two Ultramax Newbuildings

Oldendorff Stretches Financing for Two Ultramax Newbuildings

German shipowner and operator Oldendorff Carriers has secured a 12-year financing extension for its two 60,500 dwt ...

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Carnival Cuts CO2 Emissions Ahead of Schedule

Royal Princess

Cruise giant Carnival Corporation & plc has met its corporate goal to reduce its rate of CO2 emissions from ...

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Tanker Market Flourishing, Dry Bulk Mostly Down

anker Market Flourishing, Dry Bulk Mostly Down

The Drewry All Earnings Index, which covers the main bulk shipping markets, jumped 53% in October to stand at 200 ...

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China Earth Fined for Queensland Garbage Disposal

China Earth Fined for Queensland Garbage Disposal

China Earth Shipping Incorporated was convicted of illegally discharging garbage and fined USD 20,000 in the ...

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Image of the Day: Navy Ships in Formation

141119-N-IC565-196

Today’s image of the day shows the U.S. Navy and Japan Maritime Self-Defense Force ships transiting in ...

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Sewol Operator Chief Gets Ten Years

sewol

South Korea’s Gwangju District Court sentenced the head of the company that operated the sunken Sewol ferry, ...

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ESC: Shipping Alliances Need a Watchdog

ESC Shipping Alliances Need a Watchdog

The European Shippers’ Council (ESC) says that shipping industry needs a global authority to keep Vessel Sharing ...

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UNCTAD: Global Seaborne Trade Marks Modest Growth

UNCTAD: Global Seaborne Trade Marks Modest Growth

Reflecting stumbling growth in the world economy, world seaborne shipments grew by an average of just 3.8 per cent ...

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BW LPG Positive about Market Outlook for 2015

BW LPG Positive about Market Outlook for 2015

Very large gas carrier (VLGC) owner and operator BW LPG is reaping the fruits of historically high rates on VLGC ...

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LPG Carriers Fearing Cold Winter in US

LPG Carriers Fearing Cold Winter in US

LPG exports are so dependent on the severity of winter in North America that all eyes are on the weather, as it hit ...

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UPDATE: MUA Scraps Strike Plans at New South Wales Ports

MUA Stages Industrial Action at New South Wales Ports

 The Maritime Union of Australia (MUA) has decided to suspend the industrial action scheduled for today at New ...

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Interview: Recruiting for Maritime Industry

Middle Point's Partner Consultant Maarten van Haren

The global maritime industry is undergoing a very challenging period with industry stakeholders opting ...

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Quality Standards Paramount

Quality Standards Paramount

Quality is the paramount and must be maintained by continuous enhancement of shipbuilding standards, classification ...

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Hedland Strike Plans Back on Track?

Port of Hedland aerial view

Port of Hedland tug operators could go back to their plans to stage a strike at the bulk export hub as they failed ...

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EU: Trade Restrictions Still Prevalent

Trade Restrictions Still Prevalent

 The tendency to impose trade-restricting measures remains strong among the EU’s commercial partners, ...

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World’s First FLNG Undocked in Nantong

World's First FLNG Undocked in Nantong

Caribbean FLNG facility has been undocked from the Wison Offshore & Marine dry dock in Nantong, China, marking ...

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GSF: Alliances Worry Shippers

GSF Alliances Worry Shippers

The recent Containerisation International (CI) shipper sentiment survey has shown that shippers are worried about ...

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MES Hands Over Hanjin Chiba to Venus

MES Chiba Shipyard

Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 56,000 dwt type bulk carrier MV ...

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Interactive Image: Top 5 Busiest Container Ports in 2013

Interactive Ports

Port container traffic measures the flow of containers from land to sea transport modes, and vice versa, in ...

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World’s Largest Containership Named

World's Largest Ship Named

South Korean shipbuilding giant Hyundai Heavy Industries Co., Ltd. (HHI) announced today that it held a naming ...

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