NYSHEX CEO: Digitization Is the New Normal

CEO of New York Shipping Exchange speaks about progress made so far and future plans.

Key Drivers That Push Ship Management's Split

The ship management sector is broadly split between independent ship managers and in-house managers.

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Boxship Ordering Lull Is Over

Containership owners have broken the ordering silence.

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Uruguay Navy Ship Evacuates Crewman from Bulker

An ill crewmember has been evacuated from a bulk carrier some 15 miles from the Port of Piriápolis.

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BIMCO: 2018 Is the Year of Opportunity for Dry Bulk Shipping

The dry bulk shipping industry should be facing another year of improvement to the fundamental balance.

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BP Pinpoints to Further Diversification of Energy Mix

BP expects the global energy mix to reach the most diverse point the world has ever seen by 2040.

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Panama Canal, Cheniere Working to Increase LNG Transits

The Panama Canal Authority is working to increase the number of LNG vessel transits.

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Matson Delivers Higher Income in a 'Solid Year'

Matson's net income increases in 4Q 2017, supported by strong demand in its China service.

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OOCL Extends Charter with GSL at Lower Rate

OOCL hires Global Ship Lease's OOCL Qingdao for another year at a rate of USD 14,000 per day.

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SCF, Shell Ink Charter Deals for LNG-Fuelled Aframax Duo

Sovcomflot has signed time-charter agreements for two dual-fuelled Aframax tankers with Shell.

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Diana Containerships Books Full-Year Profit

Diana Containerships managed to return to full-year profit, rebounding from a major loss from the previous year.

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Spotted: CMA CGM Newbuild Makes Maiden Call at Busan Port

Busan New Port BNCT Terminal welcomed on February 6 the 20,600 TEU CMA CGM Antoine de Saint Exupery.

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Top Ten Carriers Control Almost 90 Pct of Deep Sea Market

More than 87 pct of the global fleet capacity is controlled by only ten out of 67 shipping lines.

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BIMCO: Global Economic Growth Beneficial for Shipping

If it materializes, global economic growth in 2018 and 2019 will be highly beneficial for container shipping.

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NGO: Greek, German Owners Top South Asian Scrapping List

Greek and German shipowners top the list of countries which sent the most end-of-life ships to South Asia.

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Maersk Targets USD 600 Mn in Synergies by 2019

Maersk Group has set sights on achieving internal synergies of USD 600 million by the end of 2019.

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MPC Container Ships Agrees to Buy 14 More Vessels

MPC Container Ships has reached an agreement to acquired a fleet of 14 feeder container vessels.

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Korea Grants Further Class Approval for Drone Inspections

KRS granted a further class approval for the use of drones in inspections of enclosed spaces aboard ships.

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Boxship Allides with Kiel Canal Gate

A containership allided with the southern gate of Kiel-Holtenau lock at a speed of more than 20 km/h on late February 19.

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Great Eastern Bets on VLCC Scrapping to Ease Tanker Woes

The only light at the end of the tunnel for large tankers seems to be scrapping.

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ECSA: Indonesia's New Shipping Law Raises Concerns

European shipowners expressed their concern over Indonesia's new decree on maritime transportation.

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Korea Line Pens USD 608 Mn Deal with Vale

Korea Line Corporation pens iron ore transport deal with Brazilian miner Vale.

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Hurtigruten's New Hybrid-Powered Cruise Ship Launched

Kleven launches new hybrid-powered cruise ship MS Roald Amundsen for Hurtigruten.

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Rudder Issue Leaves Cargo Ship Disabled in Scotland

The 1,200 tonne CEG Universe got disabled after its rudder broke in the Kylerhea Narrows, Scotland.

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Rotterdam Port Bunkers Less Fuel Oil but More LNG in 2017

Sale of bunker oil decreases, while throughput of bunkered LNG rises at Port of Rotteram.

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LOOP Exports First Oil as Fully Laden VLCC Heads for China

The first Supertanker to be loaded at LOOP heads for China fully-laden.

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Pressure in Tanker Shipping Market Extends into 2018

Tanker shipping markets are under massive pressure from low demand growth, according to BIMCO.

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EIB, ING Earmark Over USD 370 Mn for Green Shipping

EIB and ING assign EUR 300 million (USD 372.5million) for green shipping investments.

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