Major Trade Lanes to Grow by 5.5 Pct in 2015

Major Trade Lanes to Grow by 5.5 Pct in 2015

Growth across major trade lanes is expected to reach 5.5% in 2015, according to Drewry’s Outlook for Container Shipping Webinar presentation held on Thursday. Drewry’s data estimate that average rates will decline ...

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EU Court of Justice to Deliberate on Singapore Trade Deal

EU Court of Justice to Deliberate on Singapore Trade Deal

The European Commission has decided to request an opinion of the EU Court of Justice on the competence to sign and ...

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Crew Members of Hijacked MV Asphalt Venture Freed

Crew Members of Hijacked MV Asphalt Venture Freed

Seven Indian seafarers who have been held hostage since their ship, the MV Asphalt Venture, was hijacked in the ...

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Clarksons: Caribbean Crude Exports to Boost VLCC Demand

Caribbean Crude Exports Likely to Boost VLCC Demand

The Caribbean region is raising in popularity when it comes to crude export with tonne-mile exports doubling in ...

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First Bulk Carrier Featuring MALS Delivered to ADM

First Bulk Carrier Featuring MALS Delivered  to ADM

Archer Daniels Midland Company (ADM), a US-based specialist in grain processing, has taken delivery of the first ...

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KR to Help Move APEC towards Low Carbon Transport Future

KR to Help Move APEC towards Low Carbon Transport Future

Korean Register (KR), an IACS member classification society, has teamed up with the Asia-Pacific Economic ...

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India to Buy Polar Research Vessel

India to Buy Polar Research Vessel

India’s Cabinet Committee on Economic Affairs has approved the acquisition of a Polar Research Vessel for the ...

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ICS: Rescue of All Persons in Distress at Sea Is a Must

Rescue of All Persons in Distress at Sea Is a Must

The rescue of all persons in distress at sea – including illegal migrants – is an obligation under international ...

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124 Oil Tankers to Join Global Fleet in 2014

124 Oil Tankers to Join Global Fleet in 2014

Some 124 vessels are expected to enter the oil tanker trading fleet in 2014, while 60 tankers were forecast to be ...

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IMB Reports Rise in Small Tanker Hijackings

IMB Reports Rise in Small Tanker Hijackings

While pirate attacks on the world’s seas have fallen for the third consecutive year, small tanker hijacks by armed ...

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DSME Bags LNG Carrier Duo

DSME Bags LNG Carrier Duo1

Korean shipbuilding giant Daewoo Shipbuilding and Marine Engineering (DSME) has won an order for two LNG carriers, ...

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Shipping Considerably Impacted by Ebola Outbreak

Shipping Considerably Impacted by Ebola Outbreak

Despite IMO’s recommendation to keep maritime business as usual in Ebola-affected areas players from the ...

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Profit Rises at COSCO Pacific

Profits Rise at COSCO Pacific

Hong Kong-listed COSCO Pacific Limited has marked a 8.55% and 4.4% increase in profit for the three months and nine ...

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Two Containerships Ablaze in Port Klang

Two Containerships Ablaze in Port Klang

A fire broke out  on Tuesday night in Port Klang, Malaysia after two containerships brushed against each other in ...

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Global Ship Bolsters Fleet

Global Ship Bolsters Fleet

Marshall Islands-headquartered Global Ship Lease has taken delivery of a 2005-built, 8,063 TEU containership, the ...

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Hantong to Build World’s First CNG Carrier

Hantong to Build World’s First CNG Carrier

Jiangsu Hantong Ship Heavy Industry signed a shipbuilding contract with CIMC ENRIC SJZ GAS on 26th October, 2014, ...

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One More Body Recovered from Sewol

One More Body Recovered from Sewol

Divers have recovered another body from the ill-fated ferry Sewol on Tuesday six months after the ferry ...

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Drewry: Carriers Urged for Transparency on Low-Sulphur ...

Drewry Carriers Urged for Transparency on Sulphur Surcharges

Carriers will need to provide transparent cost calculations to exporters and importers to justify the cost ...

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BigLift Shipping Names Happy Star

BigLift Shipping Names Happy Star

The naming ceremony for BigLift Shipping’s new heavy lift vessel Happy Star, built by Ouhua Shipbuilding in ...

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Platts: Bullish Sentiment Prevailing in Atlantic ...

Bullish Sentiment Prevailing in Atlantic Panamax Market

Sentiment remained bullish in the Atlantic Panamax market with tonnage relatively tight, but there were few fresh ...

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Chinese Firms Partner Up to Develop LNG Carriers

Chinese Firms Partner Up to Develop LNG Carriers

Jiangxi Jiangzhou United Shipbuilding Company Limited (JJUSCL), an indirect wholly owned subsidiary of the China ...

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New Investments Boost DP World’s Volumes

New Investments Boost DP World's Volumes

DP World Limited handled 44.8 million TEUs (twenty-foot equivalent units) across its global portfolio of container ...

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Hanjin Joins South Africa Services

Hanjin Joins South Africa Services

Hanjin Shipping is expanding its service network in South Africa by participating in the existing SF1 (South ...

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Secondhand Market Sparking High Investments

Secondhand Market Sparking High Investments

In the first nine months of 2014, recorded investment in sale and purchase transactions in secondhand market has ...

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Vessel Operating Costs Expected to Rise

Illustration

 Vessel operating costs are expected to rise by almost three per cent in both 2014 and 2015, the latest survey by ...

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