Plunging Oil Prices Driving Down Fuel Costs

Plunging Oil Prices Driving Down Fuel Costs

Fuel costs could be cut by as much as USD 1 million a year if current price levels stay put for ships that burn 24 tonnes of fuel per day while steaming, the Baltic and International Maritime Council (BIMCO) said. This ...

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DP World, Qingdao Port Group Deepen Collaboration

DP World, Quingdao Port Group Deepen Collaboration

DP World, Dubai, and Qingdao Port Group, China, have signed a Strategic Framework Agreement to enhance port ...

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Readers’ Picks of the Week (17th -21st of Nov)

Readers’ Picks of the Week

Cargo Ship Sinks off Ecuador A 1,200 dwt general cargo vessel San Cristobal sank around 25 nautical miles off Santa ...

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Image of the Day: Navy Ships in Formation

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Today’s image of the day shows the U.S. Navy and Japan Maritime Self-Defense Force ships transiting in ...

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US Navy Supply Ships Collide in Gulf of Aden

US Navy Ships Collide in Gulf of Aden

Two U.S. Naval supply ships collided in the Gulf of Aden November 20 at 5:26 a.m. local time with no injuries to ...

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Panama Canal Expansion Good for Japan’s LNG Imports

Japan's LNG Imports to Benefit from Panama Canal Expansion

The Panama Canal Expansion will open new possibilities for the shipments of liquefied natural gas (LNG) through the ...

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Eunavfor Stays in Somalia for Two More Years

Eunavfor Stays in Somalia for Two More Years

The European Council has extended the EU’s counter-piracy Operation Atalanta by two more years, until December 12, ...

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Date Set for Nicaragua Canal Construction Start

Nicaragua Canal Construction Start Confirmed

Work on the USD 40 billion Nicaragua canal will start on December 22 and the project will have minimal ...

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IMO Adopts Polar Code

IMO Adopts Polar Code

The International Maritime Organization (IMO) has adopted the International Code for Ships Operating in Polar ...

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ITF Questions PMA’s Commitment to West Coast Talks

Paddy Crumlin, ITF president

The talks between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) are ...

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One Dead, Three Injured in Oil Platform Blast off New Orleans

One Dead, Three Injured in Oil Rig Explosion off New Orleans

One worker died and three more were injured in an explosion on Fieldwood Energy’s Echo Platform located in ...

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Hyundai Heavy Sees First Strike in 18 Years

Hyundai Heavy Sees First Strike in 18 Years

Unionised workers at South Korea’s shipbuilding giant Hyundai Heavy Industries staged their first industrial action ...

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OW Bunker’s Board Never Approved Tankoil Loan

OW Bunker's Board Never Approved Tankoil Loan

The credit line worth up to USD 130 million that was given by Singapore arm of Danish marine fuel distributor OW ...

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Russian IEA to Order Up to 30 Ships

Russian IEA to Order Up to 30 Ships

Russian Industrial and Ecological Alliance CJSC is looking to order up to 30 ships, according to the ...

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Small Island States Still Cut Off from Major Trade Routes

Small Island States Still Cut Off from Major Trade Routes

Small island developing states (SIDS) face severe and complex transport challenges, UNCTAD’s Review of ...

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ZIM Climbs the Hole

ZIM Climbs the Hole

Israeli containership owner and operator ZIM has managed to cut its loss for the quarter ending September 30 on the ...

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Westminster Group Clinches West Africa Ferry Deal

Westminster Group Clinches West Africa Ferry Deal

The U.K.-headquartered Westminster Group Plc. has through its Managed Services division secured a 21 year agreement ...

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Fincantieri Teams Up with Carnival and CSSC

Fincantieri's Monfalcone shipyard

Italian shipbuilder Fincantieri has signed two memorandums of understanding (MoU), one with cruise liner giant ...

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Exmar Shelves IPO

Exmar Shelves IPO

Antwerp-based LNG and LPG carrier owner and operator Exmar has decided to delay the launch of the contemplated ...

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