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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Shipping Confidence Steady amid Fierce Competition

Shipping confidence held steady in the three months to end-February 2017, according to the latest Shipping ...

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Warranty Surveyors to Reduce Cargo Shifting Risk

Due to a recent increase in the incidence of deck cargoes shifting in heavy weather, the London P&I Club said ...

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DP World's Earnings Exceed USD 1 Bn

Despite “significant challenges” in the industry, Dubai-based port and terminal operator DP World has ...

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Aden Port Poised to Receive Containers and Other Cargo

Yemeni Port of Aden is fully ready to receive containers and other cargo traffic as a result of the stabilization ...

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Industry Looking for Ways to Return to Faster Volume Growth

The shipping industry is looking for ways to return to faster expansion in volumes as the slowdown in volume growth ...

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Giant Boxships Pose Risks That Are Not Being Discussed

There are numerous risks of technical nature not being considered when opting to construct the ever bigger ...

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Hapag-Lloyd, UASC Postpone Final Merger Date

German shipping major Hapag-Lloyd and Dubai-based United Arab Shipping Company (UASC) have decided to delay ...

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BIMCO: Dry Bulk Industry's Road to Profitability

The dry bulk shipping industry remains well on target for profitable freight rates in 2019 if the projected fleet ...

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IRISL Eyes London Stock Exchange Listing?

The Islamic Republic of Iran Shipping Line (IRISL) is looking to list on the London Stock Exchange as the company ...

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Value of Marine Freight Industry to Reach USD 210 Bn by 2021

The global marine freight industry is expected to return to 2014 levels by mid-2019 and reach a value of ...

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Drewry: New Alliance Networks-Winners and Losers

The Ocean Alliance has the most services at its disposal with a total of 40 loops spread across seven East-West ...

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Shreyas Shipping Taking Over Balaji Shipping

Mumbai based shipping company Shreyas Shipping and Logistics Limited (Shreyas), part of Transworld Group, has ...

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Global Maritime Kidnaps Jump by 44 Pct in 2016

Maritime kidnaps across the globe surged by 44 percent in 2016, in part driven by an uptick of activity in the Gulf ...

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Giant Boxship Arrives at Suez Canal Container Terminal

On March 8, Egypt’s Port Said East welcomed the 18,300 TEU containership Mette Maersk, which became the ...

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Clarksons: Shipyards' Forward Cover Drops to 2.3 Years

Shipyards have been struggling with reduced vessel ordering for years as global output dropped and capacity ...

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BIMCO: Dry Bulk Fleet Tops 800 Mn dwt

Driven by a drop in dry bulk demolition and a surge in deliveries, the dry bulk fleet grew by 2.6% year-on-year in ...

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THE Alliance Unveils Safety Net in Case of Bankruptcy

The five member lines of THE Alliance said that they will establish an independent trustee to manage funds to be ...

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Carriers Start 2017 with Grim Outlook

As the container shipping industry continues to be plagued by the same challenges since the onset of the 2008 ...

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Trump’s New EO Gives Headaches to Seafarers

Crew members who are nationals from Iran, Libya, Somalia, Sudan, Syria and Yemen shall be denied entry to US ports ...

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VLCC Floating Storage Set to Dwindle

The number of very large crude carriers (VLCC) engaged in non-trading activities, primarily Iranian/non-Iranian ...

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Oman Shipping Secures Funds for 10 Tankers

Omani government-owned Oman Shipping Company (OSC) has secured USD 227 million in debt to finance the acquisition ...

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ZIM Back to Black in Q4

Israeli shipping company ZIM has managed to return to profit in the fourth quarter of 2016, generating a net profit ...

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Demand for Iran's Crude Doubled

Following the lifting of sanctions against the Islamic Republic of Iran in early 2016, seaborne demand for Iranian ...

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OFE: Asian VLCC Rates to Continue Falling

Very large crude carrier (VLCC) rates on the AG/Japan route tumbled by nearly w10 points within a day to w60 on ...

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Product Tanker Fleet Enters Moderate Growth Era

Product tanker orderbook has dropped to its lowest level in nearly 17 years as it was equivalent to 10.2% of fleet ...

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