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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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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