Market Challenges Cut Milaha's Quarterly Earnings

Qatar-based marine transport and logistics conglomerate Qatar Navigation (Milaha) has seen its net profit drop by ...

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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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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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Gallery: Stena Imagination Named in Dubai

MR tanker Stena Imagination was named at the Port Rashid Terminal in Dubai on April 18. The vessel is jointly owned ...

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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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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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37 Bahri Ships to Fly Saudi Arabia's Flag

National Shipping Company of Saudi Arabia (Bahri) revealed plans to re-flag 32 of its very large crude tankers ...

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Yemeni Officials Warn of Mine Threat in Red Sea

The shippers have been urged to steer clear of the navigational channel to the east of the Yemeni island of Zuqar ...

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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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DP World, Port of Fujairah End Concession Deal

Dubai-based port operator DP World and the Port of Fujairah have reached an agreement to terminate the Fujairah ...

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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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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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Drewry: Charter Market in Unexpected Revival

The charter market has found a new lease of life in the recent weeks driven in part by carriers’ poor network ...

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Update: UASC Boxship Refloated after Grounding off Malaysia

The containership UMM Salal which ran aground off Malaysian Port Klang on April 6 was successfully refloated on ...

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Update: EU NAVFOR Pinpoints Dhow Hijacked by Somali Pirates

EU Naval Force (EU NAVFOR) has confirmed that an Indian-flagged cargo dhow was seized by suspected pirates on April ...

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Somali Pirates Hijack Cargo Vessel off Yemen

Somali pirates have hijacked a cargo vessel en route from Dubai to either Bosasso, Somalia or Al Mukalla, Yemen, in ...

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OCEAN Alliance Starts Ploughing the Seas

CMA CGM, COSCO Container Lines, Evergreen Line and Orient Overseas Container Line (OOCL) launched the forty new ...

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Drewry: 2017 a Year of Small Comeback for Container Carriers

2017 should be a year of small profits for most container carriers but there will be very little room for error, ...

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No Significant Recovery for MPV Rates before 2018

Rates in the multipurpose shipping sector seem to have bottomed out as signs of market recovery emerge after ten ...

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MSI: Is the Boxship Industry Really Recovering?

Following the first quarter of 2017 optimism seen in the containership industry, as well as the sentiment shift in ...

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Nakilat Assumes Management of LNG Mesaimeer

Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has assumed full ship management and ...

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iContainers: New Alliances to 'Shake Things Up'

New shipping alliances set to come into effect next week will lead to a shortage of options for freight forwarders, ...

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Owners Sending Fewer Ships to Scrapyards

Shipowners’ interest is being diverted away from the recycling market with secondhand vessel values rising, ...

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PMO: USD 1 Trillion to Be Invested in Iranian Ports

Representatives of the Iranian Government have signed investment contracts with private entities worth USD 1 ...

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Global Box Volumes Prosper in Late 2016

Following a slow first half of 2016, port throughput rebounded in the second half of the year pushing the global ...

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