UASC's Shareholders Give Nod to Merger with Hapag-Lloyd

Image Courtesy: UASC

Dubai-based container shipping firm United Arab Shipping Company S.A.G. (UASC) informed that all six of its ...

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Carriers' Service Reliability at Six-Month High in May

Image Courtesy: OOCL

Ocean carriers achieved a six-month high for liner service reliability in May, according to data provided by ...

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Hapag-Lloyd, UASC Agree on Merger Terms

Image Courtesy: Hapag-Lloyd

German shipping major Hapag-Lloyd and United Arab Shipping Company (UASC) have reached an agreement on the terms ...

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DP World Launches USD 1.2 Bn Sukuk on Nasdaq Dubai

Image Courtesy: Nasdaq Dubai

Dubai-based port and terminal operator DP World’s Group Chairman and CEO, Sultan Ahmed Bin Sulayem, rang ...

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Moody's Outlook on Global Shipping Sector Stays Negative

Image Courtesy: FTA

As the shipping industry is expected to see its earnings worsen, while freight rates are likely to remain ...

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BIMCO Covers Shipping Contract Novation Loopholes

Image Courtesy: FEPORT

BIMCO has published three standard novation agreements that provide a legal framework to change one of the original ...

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Neptune Lines Adds Service in Middle East

Image Courtesy: Neptune Lines

Greek shipping company Neptune Lines has decided to launch a short sea vehicle transportation service in the Middle ...

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Drewry: Peak Season Volume to Stay on 2015 Level

Image Courtesy: Maersk

The 2016 third-quarter peak season will not bring much respite to carriers as the period is not expected to see ...

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Box Shipping Rates Fall as East-West Price War Rages On

Image Courtesy: MSC

As the price war between container shipping companies persists, contract rates in the major East-West trade routes ...

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ClassNK Re-Establishes Its Presence in Iran

Image Courtesy: ClassNK

Tokyo-based classification society ClassNK has resumed operations in Iran with the reopening of its Tehran office ...

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UN Authorizes All Measures to Inspect Ships off Libya

Image Courtesy: UN Security Council

In an effort to implement the arms embargo imposed on Libya, the United Nations Security Council authorized Member ...

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South Korea, Iran Set Up Regular Container Service

Image Courtesy: IPA

A regular container service connecting Korean Incheon Port directly to the Middle East has been launched, with ...

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Braemar Exits JV ACM ICON Shipping DMCC

Image Courtesy: Braemar Shipping Services

The UK-based Braemar Shipping Services has terminated its involvement in the joint venture ACM ICON Shipping DMCC ...

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Container Shipping Rates Still Short of Previous Levels

Image Courtesy: Maersk Line

Although container shipping spot rates should be more stable through the rest of the year, presuming carriers have ...

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Readers' Picks of the Week

Readers’-Picks

Interview: Most Ship Owners Still Opt for Worst Yards As 2016 could be the busiest year on record in ship ...

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Xeneta: Price War Key Driver for Swapping Container Carriers

Image Courtesy: Seaspan Corporation

Price, risk management and loss of trust were identified as the main reasons why businesses end agreements with ...

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Iran Ends LPG Exports to Japan

Image Courtesy: NITC

Although Iran stopped liquefied petroleum gas (LPG) exports to Japan, the country’s supply will not go to ...

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Bahri Seals USD 126 Mn Loan for VLCC Duo

Image Courtesy: Bahri

The National Shipping Company of Saudi Arabia (Bahri) has secured USD 126 million in financing with the Bank of ...

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Iran Ordering USD 2.4 Bn Worth of Ships in Korea

Image Courtesy: HHI

Iran has been linked to shipbuilding orders worth up to USD 2.4 billion at South Korean yards, providing them with ...

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Infographic: Shipping Industry Needs to Raise CSR Awareness

Image Courtesy: MSC

The shipping industry needs to increase Corporate Social Responsibility (CSR) awareness as on average less than 50 ...

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Suez Canal Cuts Boxship Fees to Attract More Traffic

Image Courtesy: Dredging Suez Canal

In an effort to “meet the desire” of ship owners and operators and attract more vessels, the Suez Canal ...

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Shipping Firms Still Far Away from Cyber Security Basics

Image Courtesy: GTMarine

While cyber security has become a hot topic on conference platforms and industry events around the world, ...

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Tanker Owners Told to Invest Wisely ahead of New Price Cuts

Image Courtesy: Euronav

Prompted by difficulties in accessing new finance, shipyards are likely to reduce further the newbuilding prices in ...

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EU's CO2 Regulations Must Line Up with International Rules

Image Courtesy: Dryad Maritime

The member national shipowners’ associations of the International Chamber of Shipping (ICS) have agreed to ...

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UASC Shareholders Back Tie-Up with Hapag-Lloyd

Image Courtesy: UASC

Shareholders’ representatives of the United Arab Shipping Company (UASC) supported the ongoing discussions with ...

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CLIA: Cruise Industry Stronger than Ever

Image Courtesy: CLIA

The cruise industry has surpassed 2015 ocean cruise passenger projections and has increased passenger expectations ...

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Maritime NZ: IMO Softens Transition to New SOLAS Rules

Image Courtesy: Northwest Seaport Alliance

In light of the upcoming SOLAS container weight verification requirement and concerns over the transition to the ...

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