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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Sharp Decline in Idling Boxships

As of 3 April 2017, the idle container shipping fleet stood at 0.97 million TEU, according to Alphaliner’s ...

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Drewry: Fleet Oversupply Postpones Recovery of LNG Rates

The recovery of liquefied natural gas (LNG) freight rates is not expected to start before the latter part of next ...

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BIMCO: Dry Bulk Recovery A False Dawn

Despite the strong rebound of freight rates in March this year that saw the Baltic Dry Index (BDI) pass 1,282 point ...

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BIMCO: Tanker Freight Rates Continue Dropping

Oil tankers experienced a tough start to 2017 as freight rates for all crude oil and oil product tankers continued ...

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Interview: Smart Ships Are Coming!

In a time dominated by smart technology and automation being applied across the board, from industrial production ...

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Key Challenges to Paying Seafarers during Captivity

In light of increased maritime piracy attacks, especially off the Horn of Africa, which often include hijacking of ...

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Yang Ming Sets Up Southeast Asia–Australia Service

Taiwanese shipping company Yang Ming Marine Transport Corporation (Yang Ming) has decided to launch a new service ...

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Shipping Pools - Potential Traps for the Unwary

Pressured by difficult markets and periods of economic uncertainty, shipping companies often turn to pool ...

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VLCC, Suezmax Fleet Sees Less Ton Miles in Q1

The global very large crude carrier (VLCC) and Suezmax fleet completed 4.6% less ton miles during the first quarter ...

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China's Iron Ore Import to Boost Dry Bulk Market

Alongside shipping of grains, China’s import of iron ore is set to continue to be a key driver for the demand ...

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Alphaliner: Vessel Demand Rises with New Alliances

With the launch of the new carrier alliances on the east-west trades on April 1, 2017, the demand for vessels and ...

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Drewry: Bigger Ships to Continue Pressuring Freight Rates

Westbound Asia to Mediterranean volumes have been disappointing thus far in 2017, but shipments heading in the ...

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APL Adds New North Asia-EC Australia Service

Singapore-based container shipping company APL intends to launch the China Australia Service 3 (CA3), a new weekly ...

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Australia's FWO Taking Transpetrol to Court

Australia’s Fair Work Ombudsman (FWO) said that it has launched legal action against a Norwegian shipping ...

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Gallery: Coal-Laden Water Spills from Adani's Terminal

Image Courtesy: Dean Sewell/Oculi Coal-laden water, which spilled from Australia’s Abbot Point coal terminal, ...

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Survey: Carriers' Service Rated as Poor to Average

The service provided by container shipping lines is rated as poor to average and has deteriorated in the past year, ...

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New Zealand Certifies First Vessel under MLC

Cook Strait passenger ferry Straitsman has become the first New Zealand ship certified under the international ...

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Strike Disrupts Ops at Port Kembla Coal Terminal

A three-day strike started at Australian Port Kembla Coal Terminal (PKCT) on April 11 over a dispute regarding ...

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Alphaliner: Container Carrier Giants End 2016 in Red

Despite the freight rate improvements that followed the collapse of Hanjin Shipping in late August, the average ...

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