Zim Swings Back to Red

Image Courtesy: ZIM

Israeli container shipping company ZIM Integrated Shipping Services Ltd. has sunk to the red in the first quarter ...

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India, Iran Seal Chabahar Port Deal

Image Courtesy: Govt of India

India and Iran have signed a bilateral agreement today to develop the Chabahar port and related infrastructure, ...

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UASC Wraps Up USD 162 Mn Finance Deal

Image Courtesy: UASC

Dubai-based container shipping firm United Arab Shipping Company (UASC) has completed a series of transactions that ...

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Korean Register Expands Foothold in Iran

Image Courtesy: KR

Korean Register (KR) has signed a Memorandum of Agreement to establish a joint venture company with the Iranian ...

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Drewry: Clarity Issues Could Delay Container Weighing

Image Courtesy: FEPORT

Although progress is being made for the upcoming implementation of the container weighing rules on July 1, it is ...

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Readers’ Picks of the Week (May 16 – 20, 2016)

Readers’-Picks

Danish Ship Finance: Shipyards Could Be Left without Orders by 2017 It is essential that new orders are placed ...

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Qatargas Delivers 1st Spot LNG Cargo to JERA

Image Courtesy: Qatargas

Qatargas Operating Company Limited (Qatargas) has shipped its first spot liquefied natural gas (LNG) cargo ...

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Sulphur Cap to Push Boxship Operators' Costs Up to USD 30Bn

Image Courtesy: Maersk Line

Depending on the ship size, speed and fuel price, containership operators saw an increase of some USD 500 million ...

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UASC to Vote on Hapag-Lloyd Tie-Up in June

Image Courtesy: UASC

Dubai-based shipping company United Arab Shipping Company (UASC) is going to decide on the business combination ...

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Shipyards Could Be Left without Orders by 2017

Image Courtesy: ARMS

It is essential that new orders are placed within the next three to six months for the yard industry to fill up ...

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Moody’s Sets DP World Crescent Ltd's Outlook at Stable

Image Courtesy: DP World

The USD 3 billion Trust Certificate Issuance Programme of DP World Crescent Limited, a special purpose vehicle ...

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Oversupply Leads to Slide in LPG Freight Rates

Image Courtesy: Epic Gas

Due to the ongoing oversupply in the pressurised market, the LPG sector has seen a further slide in average rates ...

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DSME Inks Deal with Iran’s ISOICO

Image Courtesy: DSME

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has penned a business agreement on ...

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Industry Will Need Almost 150,000 More Seafarers by 2025

Image Courtesy: Offshore and Home Trade Seamen's Welfare Trust

Unless seafarer training levels are increased significantly, the growth in demand for seafarers could generate a ...

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Iran's Tankers Free to Visit Any Port

Image Courtesy: NITC

Iranian oil tankers face no more obstacles when traveling to any port in world, says Ali-Akbar Safaei, managing ...

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IMO's MSC Gives Nod to Ship Construction Rules from 12 ROs

Image Courtesy: DNV GL

Ship construction rules for oil tankers and bulk carriers submitted by 12 classification societies comply with the ...

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Container Shipping Fleet Nears 20 Mn TEU Mark

Image Courtesy: MSC

The container shipping fleet could break through the 20 million TEU barrier shortly and, with an estimated net ...

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Atlantic Navigation Finds Work for Ten OSVs in Middle East

Image Courtesy: Atlantic Navigation

Provider of marine logistics services in the Middle East, Atlantic Navigation Holdings (Singapore) Limited, has ...

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DP World Yarimca Open for Business

Image Courtesy: DP World

DP World Yarimca, one of the biggest container terminals in Turkey, has been officially opened for business by the ...

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Readers’ Picks of the Week (May 9 – 13, 2016)

Readers’-Picks

Interview: Kidnappings for Ransom Easy and Less Risky In 2016, piracy has yet again emerged as one of the key ...

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Third Alliance Members Revealed

Image Courtesy: WSC

Global carriers Hanjin, Hapag-Lloyd, “K”Line, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Yang Ming have agreed to ...

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Drewry: Chemical Tanker Rates to Stay Solid

Image Courtesy: Seatrans

Due to a rising production capacity in key exporting countries, chemical tanker shipping freight rates are expected ...

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2016 to Be Weakest Year for Box Production since 2009

Image Courtesy: Maersk Line

2016 could prove to be the weakest year for box production since the collapse of 2009, with equipment increasingly ...

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APM Terminals Readies for Container Weighing

Image Courtesy: APM Terminals

The Netherlands-based APM Terminals is planning to provide container weighing services at 29 locations globally to ...

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Q1 Ordering Slump Good for Tanker Market, But Will It Last?

Image Courtesy: Tanker Investments

Newbuilding orders of tanker ships have seen a sharp reduction, but the slowing trend needs to be sustained for the ...

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Readers' Picks of the Week

Readers’-Picks

Alphaliner: Third Alliance in the Making? The eight container carriers left out of the two major alliances, the 2M ...

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First Quarter without Boxship Orders since 2009

Image Courtesy: Maersk Line

The overcapacity in the container shipping sector seems to have finally struck a nerve as owners abstained from ...

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