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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Costa Rica Proposes Investments to Settle Concession Dispute

Costa Rica Proposes Investments to Settle Concession Dispute

Costa Rica’s labor ministry presented a proposal to invest around USD 260 million in Port of Limón and further USD ...

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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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Delays Increasing at Californian Twin Ports

Port of Los Angeles

Worsening port congestion in Californian ports prompted by rising container volumes have forced rising number of ...

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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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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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UK Halts Support to Mediterranean Migrant Rescues

UK Halts Support to Mediterranean Migrant Rescue Operations

The U.K. Government has decided to end British support for search-and-rescue operations for migrants in danger of ...

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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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Record Number of Applications to Sail Northern Sea Route

Record Number of Applications to Sail Norther Sea Route

This summer saw a record number of applications for permission to sail the Northern Sea Route, Wathernews Global ...

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Royal Caribbean Takes Delivery of Quantum of the Seas

Royal Caribbean Takes Delivery of Quantum of the Seas

Royal Caribbean accepted delivery today of its newest cruise ship, Quantum of the Seas, from shipbuilder Meyer ...

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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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Prosecutors Want Death Penalty for Sewol Ferry Captain

Prosecutors Want Death Penalty for Sewol Ferry Captain

South Korean prosecutors have asked for a death sentence for Lee Joon-seok, captain of the Sewol ferry that ...

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IMO: Business as Usual in Ebola Affected Areas

Business as Usual in Ebola Affected Areas

There should be no general ban on international travel or trade due to the Ebola virus disease outbreak in West ...

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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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UN Approves Vessel Inspections for Charcoal and Arms ...

UN Approves Vessel Inspections for Charcoal and Arms off Somalia

The United Nations Security Council has authorized the inspection of vessels in territorial waters and on the high ...

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TORM Strikes Deal on Restructuring

TORM Strikes Deal on Restructuring

Copenhagen-based shipping company TORM has today entered into an agreement with a group of its current lenders, ...

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Crew of Hijacked Indonesian Tanker Found

Intended route

Eleven crew members of the hijacked Indonesia-flagged product tanker Srikandi 515 have been found in lifeboats by ...

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First Gate for Panama Canal’s New Locks Delivered

First Gate for Panama Canal's New Locks Delivered

Crowley Maritime Corp.’s heavy lift barge 455 4 has delivered the first in a series of new gates for the ongoing ...

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Euro Banks to Increase Bad Shipping Loan Provisions by ...

Euro Banks to Increase Bad Shipping Loan Provisions by Quarter

European banks need to increase their provisions for bad shipping loans by 25%, to EUR 7.3 billion (USD 9.25bn), ...

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Costa Rican Police Storm Port Limón

Costa Rican Police Storm Port Limón

Costa Rican police entered the Port of Limón ten hours after the Japdeva Workers’ Union (Sintrajap) started a ...

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