Drewry: New Alliance Networks-Winners and Losers

The Ocean Alliance has the most services at its disposal with a total of 40 loops spread across seven East-West ...

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Shreyas Shipping Taking Over Balaji Shipping

Mumbai based shipping company Shreyas Shipping and Logistics Limited (Shreyas), part of Transworld Group, has ...

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Global Maritime Kidnaps Jump by 44 Pct in 2016

Maritime kidnaps across the globe surged by 44 percent in 2016, in part driven by an uptick of activity in the Gulf ...

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Giant Boxship Arrives at Suez Canal Container Terminal

On March 8, Egypt’s Port Said East welcomed the 18,300 TEU containership Mette Maersk, which became the ...

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Clarksons: Shipyards' Forward Cover Drops to 2.3 Years

Shipyards have been struggling with reduced vessel ordering for years as global output dropped and capacity ...

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BIMCO: Dry Bulk Fleet Tops 800 Mn dwt

Driven by a drop in dry bulk demolition and a surge in deliveries, the dry bulk fleet grew by 2.6% year-on-year in ...

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THE Alliance Unveils Safety Net in Case of Bankruptcy

The five member lines of THE Alliance said that they will establish an independent trustee to manage funds to be ...

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Carriers Start 2017 with Grim Outlook

As the container shipping industry continues to be plagued by the same challenges since the onset of the 2008 ...

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Trump’s New EO Gives Headaches to Seafarers

Crew members who are nationals from Iran, Libya, Somalia, Sudan, Syria and Yemen shall be denied entry to US ports ...

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VLCC Floating Storage Set to Dwindle

The number of very large crude carriers (VLCC) engaged in non-trading activities, primarily Iranian/non-Iranian ...

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Oman Shipping Secures Funds for 10 Tankers

Omani government-owned Oman Shipping Company (OSC) has secured USD 227 million in debt to finance the acquisition ...

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ZIM Back to Black in Q4

Israeli shipping company ZIM has managed to return to profit in the fourth quarter of 2016, generating a net profit ...

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Demand for Iran's Crude Doubled

Following the lifting of sanctions against the Islamic Republic of Iran in early 2016, seaborne demand for Iranian ...

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OFE: Asian VLCC Rates to Continue Falling

Very large crude carrier (VLCC) rates on the AG/Japan route tumbled by nearly w10 points within a day to w60 on ...

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Product Tanker Fleet Enters Moderate Growth Era

Product tanker orderbook has dropped to its lowest level in nearly 17 years as it was equivalent to 10.2% of fleet ...

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IMO 2020 Rule to Cost Shippers USD 60 Bn More a Year?

Global bunker fuel costs could rise by up to USD 60 billion annually from 2020, in a full compliance scenario, when ...

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MSI: Boxship Sector Entering Calmer Waters

The containership sector has started 2017 in a positive mood, with each of the industry’s drivers – ...

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Drewry: Liner Alliances Make Illogical Port Choices

By examining the correlation between carrier terminal ownership and the choice of port calls by the 2M and upcoming ...

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New Sanctions on Iran Would Have Chilling Effect on Business

Following the easing of sanctions against Iran by the US and five other world powers, Europe has been eager to ...

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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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