Saudi Arabia Becomes 55th State to Ratify BWM Treaty

Saudi Arabia has ratified the Ballast Water Management (BWM) Convention, which is scheduled to enter into force on ...

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China Sparks World Container Traffic Boom

Preliminary data from Drewry’s Container Trades Statistics (CTS) indicates that world container traffic ...

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One Dead After Tanker Catches Fire at Hamriyah Port

One crewman died and four were injured when a tanker carrying oil products caught fire at Hamriyah Port, Sharjah, ...

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ZIM Shrinks Net Loss

Israel’s shipping company Zim Integrated Shipping Services (ZIM) managed to cut its net loss during the first ...

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Drewry: Crude Tanker Market to See Recovery in 2020

Recovery in the crude tanker shipping market is not expected until 2020 as weak trade growth and a bloated ...

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Moody’s: Shipping Industry’s Outlook Holds Steady

The outlook for the global shipping industry is stable, given that — after excluding M&As and spinoffs ...

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Gibson: Surge in VLCC Orders amid Attractive Prices

Attractive newbuilding prices have pushed the order count for very large crude carriers (VLCC) to around 30 so far ...

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Drewry: Chemical Tanker Fleet Set to Outpace CPP Fleet

The shipping fleet trading in chemicals and vegoils is heading for an expansion moderately driven by a demand for ...

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Bahri, HHI Partner Up on Big Data

The National Shipping Company of Saudi Arabia (Bahri) has signed a Memorandum of Understanding (MoU) with the South ...

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Crane Falls at Jebel Ali Port, No Fatalities

A CMA CGM container vessel collided with the harbour wall while berthing at Jebel Ali Port, Terminal 1 on May 4 ...

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Increased Crude Oil Tanker Demolition a Positive Sign

A total of 1.3 million dwt of crude oil tanker capacity was sent to the scrapyards during the first four months of ...

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VV: Newbuilding Orders Drop in April

Twenty-one new ships were ordered on a global level during the month of April, according to a monthly market report ...

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Lower Spot Market Rates Affect Bahri's Earnings

Affected by lower spot market rates in general seen during the first three months of 2017, the National Shipping ...

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Ten VLCCs Set to Exit Trading Fleet in 2017

With demolition values on the rise and impending environmental regulations that will require costly upgrades to ...

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Clarksons: Boxships Sailing into More Positive Territory?

The container shipping market has seen a bit of a flop since the onset of the global financial crisis back in 2008, ...

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DP World Sees Encouraging Start to the Year

Dubai-based port and terminal operator DP World Limited has handled 16.4 million TEU across its global portfolio of ...

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Sharp Decline in Idling Boxships

As of 3 April 2017, the idle container shipping fleet stood at 0.97 million TEU, according to Alphaliner’s ...

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Drewry: Fleet Oversupply Postpones Recovery of LNG Rates

The recovery of liquefied natural gas (LNG) freight rates is not expected to start before the latter part of next ...

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BIMCO: Dry Bulk Recovery A False Dawn

Despite the strong rebound of freight rates in March this year that saw the Baltic Dry Index (BDI) pass 1,282 point ...

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Market Challenges Cut Milaha's Quarterly Earnings

Qatar-based marine transport and logistics conglomerate Qatar Navigation (Milaha) has seen its net profit drop by ...

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BIMCO: Tanker Freight Rates Continue Dropping

Oil tankers experienced a tough start to 2017 as freight rates for all crude oil and oil product tankers continued ...

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Interview: Smart Ships Are Coming!

In a time dominated by smart technology and automation being applied across the board, from industrial production ...

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Key Challenges to Paying Seafarers during Captivity

In light of increased maritime piracy attacks, especially off the Horn of Africa, which often include hijacking of ...

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Shipping Pools - Potential Traps for the Unwary

Pressured by difficult markets and periods of economic uncertainty, shipping companies often turn to pool ...

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Gallery: Stena Imagination Named in Dubai

MR tanker Stena Imagination was named at the Port Rashid Terminal in Dubai on April 18. The vessel is jointly owned ...

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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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