EU Court Drops Sanctions against Iran's Shipping Firms

EU Court Drops Sanctions against Iran Shipping Firm

The EU General Court has annulled the EU sanctions against an Iranian bank and 40 shipping companies whose assets ...

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Container Weight Verification Approaching

Container Weight Verification Requirement Approaching

The World Shipping Council (WSC) called all parties involved in the international transportation of maritime ...

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ZIM Ditches Far East-North Europe Service

ZIM Ditches Far East-North Europe Service

Israeli container shipping company ZIM has stopped its occasional, approximately monthly, sailings between North ...

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Term of the Day: Carnet

carnet

A carnet is an international customs and temporary export-import document. It permits a holder to temporarily carry ...

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Drewry Expects Modest Recovery in Dry Bulk Sector

Drewry Expects Modest Recovery in Dry Bulk Sector (2)

The depressed dry bulk market could recover partly in 2015 and underlying earnings could improve marginally, ...

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Analysing Security Threats: Man vs Machine

Analysing Security Threats- Man vs Machine

The claim that in today’s information age, with open source media instantly available via mobile devices or at the ...

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Shipping Needs Greater Support from Demand Side

Container Ship

Limited economic growth potential and the slow pace of recovery of the global economy is only easing the pain in ...

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Golar Eskimo Changes Hands

Golar Eskimo Changes Hands

Nasdaq-listed  liquefied natural gas (LNG) shipping company Golar LNG has completed the sale of its ownership ...

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IOMOU Authorities Detain 35 Ships on Hours of Rest Breaches

IOMOU Authorities Detain 35 Ships on Hours of Rest Deficiencies

Thirty-five ships were detained as a result of the Concentrated Inspection Campaign (CIC) on STCW Hours of Rest ...

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BIMCO Targets Improvement of Dry Bulk Terminals

Port of Antwerp Bulk Terminal

BIMCO has launched a new vetting system designed to gather information on the quality of the facilities and service ...

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Turkish Coast Guard Captures Ship Carrying 333 Immigrants

Turkish Coats Guard Captures Ship Carrying 333 Immigrants

The Turkish Coast Guard intercepted on January 18 a general cargo ship carrying 333 immigrants, mostly Syrian ...

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Muntajat Charters LPG Carrier

Muntajat Charters LPG Carrier

Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) signed a two-year contract with ...

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What Added Costs Will Sulphur Directive Bring?

What Added Costs Will Sulphur Directive Bring

Ships’ costs structures will change as increased bunker costs are unavoidable due to the latest 0.1% Sulphur ...

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PSA International Marks Spike in Annual Container Volumes

PSA International Marks Spike in Annual Container Volumes

Singapore based port operator PSA International handled 65.44 million Twenty-foot Equivalent Units (TEUs) of ...

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Readers’ Picks of the Week (12th – 16th of Jan)

Readers’ Picks

Tug Collides with Hoegh Osaka One of the two tugs attached to Hoegh Osaka moved from her position on Saturday ...

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Gard Warns of Iranian Oil Fraud in UAE

Gard Warns of Iranian Oil Fraud in UAE

Norway’s maritime insurance company Gard has issued a warning regarding recently observed attempts to export ...

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SAMA Buys Stake in Hyundai Mipo

SAMA Buys Stake in Hyundai Mipo

The Saudi Arabia Monetary Agency (SAMA), has bought a 7.26 percent stake in Hyundai Mipo Dockyard Co., the South ...

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Slow Steamers to Rake In from Low Oil Prices

Slow Steamers to Rake In from Low Oil Prices

Ship efficiency remains just as relevant and important in a bearish oil market as it does when shipowners have to ...

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IMO Tackles Administrative Burdens in Maritime Industry

IMO Tackles Administrative Burdens in Maritime Industry

The International Maritime Organisation (IMO) has published a report containing the main findings and conclusions ...

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Containership Reliability Keeps Spiraling Down

Containership Reliability Keeps Spiraling Down

Containership reliability declined for the second month in a row in December, according to Drewry’s enhanced ...

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Tanker Newbuilds Spark Biggest Interest in Week Two

Highest Demand for Tanker Newbuilds1

The newbuilding market for the second week of January, 2015  has seen some signs of recovery especially in the ...

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IMO Updates Rescue at Sea Guide

IMO Updates Rescue at Sea Guide

The International Maritime Organization (IMO) has issued the updated and revised Rescue at Sea guide intended for ...

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Southeast Asia Tanker Hijackings Rising

SE Asia Tanker Hijackings Rising

Attacks against small tankers off South East Asia’s coasts caused a rise in global ship hijackings, up to 21 in ...

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Navig8 Boosts Ranks

Navig8 Boosts Ranks

Two chemical tankers and two dry bulk carriers have joined Navig8 Group’s shipping pools in January.  The ...

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Middle East and Indian Subcontinent Oversupplied

Illustration

Strong westbound growth for both Middle East and Indian Subcontinent regions is helping to offset oversupply, UK ...

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Dubai World to Refinance USD 14.6 Bln Debt

Dubai World to Refinance USD 14.6 Bln Debt

Dubai government-owned conglomerate Dubai World has struck a new deal with creditors to extend and amend its ...

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Are Traders Chartering Supertankers to Store Crude?

Traders Charter Supertankers to Store Crude

Oil trading companies have chartered around fifteen supertankers in January, possibly to take advantage of slumping ...

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