LNG Shipping Market Lulled in Q1, Recovery on the Horizon

LNG Shipping Market Lulled in Q1

The first quarter of 2015 saw a material fall in demand and charter rates for LNG shipping, Golar LNG Limited said ...

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Bangladeshi Shipbreakers Take the Lead

Bangladeshi Shipbreakers Take the Lead

There has been a firm level of ship demolition activity in the first four months of 2015 and the two largest owner ...

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Charterers Moving 20% of Global Cargo Shun Inefficient Ships

Container Ship

Charterers representing twenty percent of global shipped tonnage now have policies in place to avoid using the most ...

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VLGC Fleet to Increase by 23 Pct in 2015

VLGC Fleet to Increase by 23 Pct in 2015

Some 37 very large gas carriers (VLGCs) of a total capacity of 3.1 million cum are to be delivered this year, ...

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Libya Closes Power Station following Tanker Bombing

Following the bombing of one of its tankers by the internationally-recognized government forces, the National Oil ...

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Video: Teekay’s Tanker Market Update – May 2015

Teekay

Teekay Tankers, part of Teekay Group, operates a fleet of over 95 tankers, including aframax, long range (LR), ...

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Oil Tanker Bombed off Libyan Coast

An oil tanker was bombed on Sunday by Libya’s government airplanes while anchored to offload fuel cargo at a ...

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Interview: Trials and Tribulations of the Dry Bulk Market

Trials and Tribulations of the Dry Bulk Market2

The dry bulk shipping market has been hit hard by the downturn of the Baltic Dry Index (BDI) that fell to ...

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Iranian Aid Ship Offloaded in Djibouti

Iranian Aid Ship Offloaded in Djibouti

The Iranian aid ship bound for war-stricken Yemen will not proceed to its original destination as its cargo was ...

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Readers’ Picks of the Week (18-22 of May)

Readers’-Picks

Interview: Time for Carriers to Get Ahead of the Curve The 2015 has started off as a pretty challenging year for ...

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Bahri Orders Five VLCCs from Hyundai Samho

Bahri Orders Five VLCCs from Hyundai Samho1

The National Shipping Company of Saudi Arabia (Bahri) inked an agreement with Hyundai Samho Heavy Industries (HSHI) ...

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Stolt-Nielsen and Sungas Sell Stake in Avance Gas

Stolt-Nielsen and Sungas Sell Stake in Avance Gas

Stolt-Nielsen Gas, a subsidiary Norway’s liquid bulk transporter Stolt-Nielsen Limited,  and Sungas Holdings ...

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Update: Iranian Aid Ship Reaches Djibouti

Iranian Aid Ship Reaches Djibouti

The Iranian cargo ship carrying aid to Yemen Iran Shahed has arrived in Djibouti, the Associated Press reported ...

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LPG Coaster Shipping to Remain Weak in 2015

LPG Coaster Shipping to Remain Weak in 2015

Oversupply of vessels in the LPG coaster shipping market continue pushing rates below pre-financial crisis levels, ...

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Carriers More Reliable in April

Carriers More Reliable in April

Container service reliability reached a data-series high in April with the aggregate on-time performance for the ...

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Iran Caves In to Inspection of Its Yemen Bound Aid Ship

Iran Caves In to Inspection of Its Yemen Bound Aid Ship

Iran’s cargo ship, said to be carrying humanitarian aid to Yemen, will be inspected after all as the ship ...

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ZIM Steams Back to Profit

ZIM Steams Back to Profit

Israeli shipping company ZIM posted a sharp improvement in its business results for the first quarter of 2015 ...

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BIMCO: Time for Carriers to Get Ahead of the Curve

worldmaritimenews.com containership-freight-r...p-to-6-year-low-1024x680

The 2015 has started off as a pretty challenging year for the container shipping industry. With volatile spot rates ...

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Container Shipping Rates Ever More Volatile

Container Shipping Rates Increasingly Volatile

The volatility of global container shipping spot freight rates since the start of 2015 has continued to increase in ...

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UASC Launches Agency in Jordan

UASC Launches Agency in Jordan

Middle Eastern container line United Arab Shipping Company (UASC) has established a wholly UASC-operated agency in ...

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DNV GL Unveils Its Unmanned FLNG Concept

dnvgl.com FLNG-as-of-today-2015-358px_tcm8-24174_w720

DNV GL has developed a new unmanned floating LNG concept intended to unlock the potential of remote offshore gas ...

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ICS Dismayed by US Stance on Ballast Water Regime

ICS Secretary General, Peter Hinchliffe

The International Chamber of Shipping (ICS) voiced its fears that the unilateral stance taken at last week’s ...

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Eco-Conscious China Keeps Dry Bulk Market Down

Eco-Conscious China Keeps Dry Bulk Market Down

The dry bulk shipping market is not expected to return to profitability until 2017, despite a modest recovery in ...

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Singapore Asks Iran to Investigate Alpine Eternity Incident

alpine eternity

The Maritime and Port Authority of Singapore (MPA) has requested the Iranian maritime authorities to investigate ...

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IMO Adopts Polar Code Environmental Provisions

IMO Adopts Polar Code Environmental Provisions

The International Maritime Organization (IMO) has adopted the environmental part of the International Code for ...

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Iranian Yemen-Bound Aid Ship Enters Gulf of Aden

Iranian Yemen-Bound Aid Ship Enters Gulf of Aden

Iranian cargo ship Iran Shahed bound for Yemen has entered into the waters of the Gulf of Aden, according to ...

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Readers’ Picks of the Week (10-14 of May)

Readers’-Picks

Why Containers Get Lost at Sea? Containerization has reformed the ocean transportation of cargo becoming the ...

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