Oversupply Keeps January Vessel Orders at Record Low

Global ordering activity has fallen to 26-year low in January 2017, shipbuilding data from Maritime & Trade by ...

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Nakilat LNG Carrier Hit by Oil Tanker off Fujairah

Two ballast tanks aboard the 121,946 dwt liquefied natural gas (LNG) carrier Al Khattiya were breached with a loss ...

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Drewry: Carriers Reluctant to Narrow Supply-Demand Gap

Amid a huge gap between supply and demand in the container shipping industry, carriers seem to be reluctant ...

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Milaha’s Yearly Profit Down by 35 Pct

Marine transporter Qatar Navigation (Milaha) has reported a drop of 35 percent in its net profit for the full year ...

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Clarksons: Boxship Deliveries Entering Moderate Era?

As containership deliveries dropped from the record 1.7 million TEU in 2015 to just 0.9 million TEU in 2016, the ...

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Bahri, Bunge Enter Dry Bulk Shipping JV

Bahri Dry Bulk Company (BDB), a subsidiary of Bahri, has signed an agreement with the Dutch firm Koninklijke Bunge ...

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ABS Issues Cyber Safety Notation for Marine Industries

As the focus on cyber safety is rising, the classification provider ABS has issued its first notation for the ABS ...

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DP World Wins Dispute over Djibouti Terminal

Dubai-based port and terminal operator DP World has been cleared by the London Court of Arbitration of all charges ...

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LR2s to Reap the Fruits from 0.5 Pct Sulphur Cap

Clean product tankers are likely to benefit from the implementation of the global 0.5% sulphur emissions cap as of ...

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Nakilat's Long-Term Deals Secure Its Yearly Profit

Despite the challenging market conditions Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) ...

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Crude Tanker Market Hit Hard by OPEC's Cut

The predicted influx of new tonnage, combined with the Organization of the Petroleum Exporting Countries’ ...

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GulfNav Settles VLCC Dispute

Dubai-based shipping company Gulf Navigation Holding PJSC (GulfNav) has reached a final settlement with three ...

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Iraq About to Invest in Large Tanker Fleet

Iraq has set sights on creating a large fleet of modern oil tankers to transport the country’s crude, Reuters ...

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Drewry: LPG Shipping Rates to Fall Further in 2017

Although the liquefied petroleum gas (LPG) shipping trade is expected to continue growing on the back of strong ...

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Three New Members Join SEALNG Coalition

Three new members have joined the multi-sector industry coalition SEA\LNG which aims to accelerate the widespread ...

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New ISO Standard to Ensure Safe LNG Bunkering Ops

As demand for liquefied natural gas (LNG)-fuelled vessels has increased, so has the demand for practical, ...

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Maersk Line, EQUATE to Cut CO2 Emission in Shipping

Danish shipping giant Maersk Line and producer of petrochemicals EQUATE Petrochemical Company have signed a ...

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CMA CGM Enhances East Med-North Europe Service

French container shipping company CMA CGM plans to upgrade NC Levant, a service connecting the Eastern ...

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Gaza FSO Offloads 1st Crude Oil Cargo in Libya

The first crude oil shipment was offloaded from Gaza floating, storage, offloading (FSO) unit in Bouri Offshore ...

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Liner Shipping among More Consolidated Sectors

Although the container shipping sector saw a huge amount of consolidation in 2016 driven by the persistent pressure ...

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CMA CGM Boosts India Middle East - East Africa Links

French container shipping major CMA CGM has decided to upgrade two weekly services connecting India Middle East ...

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Dryad: Kidnap for Ransom at 10-Year High

The Gulf of Guinea and Southeast Asia have seen a significant increase in kidnapping incidents in 2016, according ...

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Dry Bulk Market to Recover from 2017 Onwards

The dry bulk shipping market is expected to recover from 2017 onwards driven by a narrowing supply-demand ...

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SSA, Ben Line Agencies Form New Ship Agency

Two port agencies, the UAE-based Sharaf Shipping Agency (SSA) and Singapore’s Ben Line Agencies, have joined ...

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Top Five Panamax Bulker Trade Routes

Due to the tendency of trade routes to change pushing demand somewhere else, VesselsValue has put together a report ...

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No Limitations for Liners Returning to Iran

In an effort to attract major shipping companies, Iran said that it would impose no limitations for liners to ...

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