Sustainability in the heavy lifting industry

Cost efficiency and sustainability, two topics that are frequently discussed in the offshore and maritime industry. There are many developments and innovations going on in this area.

More US Coal Exports to Aid Dry Bulk Market

US seaborne coal exports have turned years of negative growth around and seem to be climbing for a third quarter in ...

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BIMCO, Shipdex Team Up on Data Digitalization

Shipowners association BIMCO and Shipdex have signed an agreement to support the development and exchange of ...

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Maritime Industry Guidelines on Cyber Security Released

A joint maritime industry group comprised of industry bodies has issued the second edition of The Guidelines on ...

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Demolition: Time to Take The Bitter Pill

Low freight rates should be the best incentive for owners to take the bitter pill and scrap some of the outdated ...

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BIMCO: Ordering Activity Ramps Up in H1

The newbuild activity for the first half of 2017 has surpassed the same period last year by 20%. A total of 5.9 ...

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New Contracts to Help Speed Up Spill Response Times

BIMCO and International Spill Control Organisation (ISCO) have launched two new spill response contracts to make ...

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BIMCO: No Reason to Sell Old Converted VLOCs

Although there is a huge age gap between converted and normal very large ore carriers (VLOCs), there are not many ...

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New BIMCO President Heads for Digitalisation

The international shipping association BIMCO has elected a new president, who has set a goal to promote ...

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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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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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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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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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Megaships: Will They Live Up to the Promise?

There are 56 container ships of 18,000 + TEU on order slated for delivery from April, 2017 till June, 2020. The ...

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China's Iron Ore Import to Boost Dry Bulk Market

Alongside shipping of grains, China’s import of iron ore is set to continue to be a key driver for the demand ...

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BIMCO: Dry Bulk Industry's Road to Profitability

The dry bulk shipping industry remains well on target for profitable freight rates in 2019 if the projected fleet ...

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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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BIMCO: January Tanker Deliveries at a Record High

Crude oil tanker deliveries reached a record high in January as 5.5 million dwt of the capacity entered the fleet ...

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Supply-Side Crucial for Boxship Market Recovery

The demand for container shipping grew steadily in 2016 improving the fundamental balance in the market in the ...

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Carriers on SCFI Routes Earn 7 Pct Less in 2016

Due to the devastating low rates in the first half of 2016, container shipping lines earned an average of 7% less, ...

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BIMCO: Shipping Industry Faces Choppy Waters

The shipping industry has its work cut out going forward in 2017 as the period will see another year of die-hard ...

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BIMCO: Fleet Growth Squeezes Crude Oil Tanker Market

The crude oil tanker segment composing of VLCC, suezmax and aframax ships, experienced a net-fleet growth of 7.3%, ...

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