Drewry: Container Carriers Heading to Profit

The majority of container shipping lines lost money in the first three months of 2017, but higher rates and ...

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Korean Lines Covering Less Trades

The number of trade lanes served by the Korean deep sea lines has decreased as well as their deployed capacity ...

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IEA: Shipping Lagging Behind in CO2 Reduction

The shipping industry will have to commit to more ambitious policies, and fast, if it wants to get on track with ...

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Dubai Mulls USD 1 Billion Shipping Investment Fund

Dubai Maritime City Authority (DMCA) is considering setting up a USD 1 billion fund to boost investments in ...

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Gulf Majors Linked to UACC Acquisition

Several Gulf-based shipping companies have been identified as potential bidders interested in taking a stake ...

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Hapag-Lloyd Merges with United Arab Shipping Company

German liner shipping company Hapag-Lloyd and its UAE-based counterpart United Arab Shipping Company (UASC) merged ...

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Carrier Reliability Drops in April amid Vessel Reshuffling

Carriers’ overall on-time and transit time reliability decreased in April as the great migration of vessels ...

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OSC Goes Global with VLCC Chartering

Muscat-headquartered Oman Shipping Company (OSC) has officially set up a new commercial chartering desk offering ...

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Global Cargo Fleet's OPEX Passes USD 100 Bn

Global ship operating expenses (OPEX) for the world’s cargo fleet have now breached USD 100 billion mark for the ...

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ICC: USD 1.6 Trn Gap in Global Trade Finance

There is a USD 1.6 trillion shortfall in trade finance globally, the International Chamber of Commerce (ICC) said ...

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GulfNav Reports 1Q Profit Surge

Dubai-based shipping company Gulf Navigation Holding PJSC (GulfNav) ended the first three months of 2017 with a 39 ...

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Nakilat Presses On with LNG Fleet Management Transition

Qatar’s Nakilat has assumed full ship management and operations of a Q-Flex LNG carrier Onaiza from Shell ...

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Top Six Largest Boxships

Starting with the latest addition to the global fleet of super-sized containerships, the recently-christened 21,413 ...

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Hapag-Lloyd's Merger with UASC on Track

Everything is on track for the merger between Germany’s shipping line Hapag-Lloyd and United Arab Shipping ...

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Rates for Small LPG Vessels to Strengthen Further

Vessel oversupply will persist in the LPG shipping market for the next two years, keeping freight rates under ...

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BDI Drops below 1,000 Mark

The Baltic Dry Index (BDI) fell to 994 points on Monday, May 15, down by 20 points, tumbling again below the 1,000 ...

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Saudi Arabia Becomes 55th State to Ratify BWM Treaty

Saudi Arabia has ratified the Ballast Water Management (BWM) Convention, which is scheduled to enter into force on ...

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China Sparks World Container Traffic Boom

Preliminary data from Drewry’s Container Trades Statistics (CTS) indicates that world container traffic ...

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One Dead After Tanker Catches Fire at Hamriyah Port

One crewman died and four were injured when a tanker carrying oil products caught fire at Hamriyah Port, Sharjah, ...

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ZIM Shrinks Net Loss

Israel’s shipping company Zim Integrated Shipping Services (ZIM) managed to cut its net loss during the first ...

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Drewry: Crude Tanker Market to See Recovery in 2020

Recovery in the crude tanker shipping market is not expected until 2020 as weak trade growth and a bloated ...

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Moody’s: Shipping Industry’s Outlook Holds Steady

The outlook for the global shipping industry is stable, given that — after excluding M&As and spinoffs ...

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Gibson: Surge in VLCC Orders amid Attractive Prices

Attractive newbuilding prices have pushed the order count for very large crude carriers (VLCC) to around 30 so far ...

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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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Bahri, HHI Partner Up on Big Data

The National Shipping Company of Saudi Arabia (Bahri) has signed a Memorandum of Understanding (MoU) with the South ...

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Crane Falls at Jebel Ali Port, No Fatalities

A CMA CGM container vessel collided with the harbour wall while berthing at Jebel Ali Port, Terminal 1 on May 4 ...

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