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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Interview: Smart Ships Are Coming!

In a time dominated by smart technology and automation being applied across the board, from industrial production ...

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Armed Pirates Chase and Fire Upon Tanker off Somalia

Six armed persons in a skiff chased and fired upon a product tanker MT Costina underway off the coast of Somalia on ...

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Key Challenges to Paying Seafarers during Captivity

In light of increased maritime piracy attacks, especially off the Horn of Africa, which often include hijacking of ...

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Pacific Breeze Crew Receive Back Pay, Return Home

The 22 crewmembers aboard the 1990-built reefer Pacific Breeze, owned by BSBS Ltd Moscow, have won the full back ...

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IMB: Pirates Take Eight Crew from Tug off Nigeria

Eight crewmembers have been kidnapped by armed pirates from an offshore tug off the coast of Brass, Nigeria, ...

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Shipping Pools - Potential Traps for the Unwary

Pressured by difficult markets and periods of economic uncertainty, shipping companies often turn to pool ...

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VLCC, Suezmax Fleet Sees Less Ton Miles in Q1

The global very large crude carrier (VLCC) and Suezmax fleet completed 4.6% less ton miles during the first quarter ...

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Alphaliner: Vessel Demand Rises with New Alliances

With the launch of the new carrier alliances on the east-west trades on April 1, 2017, the demand for vessels and ...

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Panamanian Tanker Attacked in Gulf of Aden

A Panamanian-flagged oil tanker Alheera was rescued by Chinese Navy from a pirate attack on Saturday, April 15 ...

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Drewry: Bigger Ships to Continue Pressuring Freight Rates

Westbound Asia to Mediterranean volumes have been disappointing thus far in 2017, but shipments heading in the ...

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Survey: Carriers' Service Rated as Poor to Average

The service provided by container shipping lines is rated as poor to average and has deteriorated in the past year, ...

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Somali Forces Free Indian Crew after Standoff with Pirates

The crew of the Indian cargo ship that was taken by Somali pirates on April 1st have been released after a standoff ...

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Alphaliner: Container Carrier Giants End 2016 in Red

Despite the freight rate improvements that followed the collapse of Hanjin Shipping in late August, the average ...

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Drewry: Charter Market in Unexpected Revival

The charter market has found a new lease of life in the recent weeks driven in part by carriers’ poor network ...

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P&O Ports Wins 30-Year Concession for Bosasso Port

UAE-based port operator P&O Ports has won a 30-year concession for the management and development of a ...

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Suez Canal Cuts Tolls for Dry Bulkers

The Suez Canal Authority is offering a discount to dry bulk vessels with the aim of attracting more ships to ...

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OCEAN Alliance Starts Ploughing the Seas

CMA CGM, COSCO Container Lines, Evergreen Line and Orient Overseas Container Line (OOCL) launched the forty new ...

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Drewry: 2017 a Year of Small Comeback for Container Carriers

2017 should be a year of small profits for most container carriers but there will be very little room for error, ...

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Injured Sailor Evacuated from Boxship off South Africa

An injured crewmember was evacuated from the 50,790 dwt containership Thuringia on March 29 while the ship was ...

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No Significant Recovery for MPV Rates before 2018

Rates in the multipurpose shipping sector seem to have bottomed out as signs of market recovery emerge after ten ...

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Pirates Release Dhow Seized off Somalia

The pirates have released the ocean going dhow that was hijacked on March 23rd in the vicinity of Eyl, Somalia, the ...

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MSI: Is the Boxship Industry Really Recovering?

Following the first quarter of 2017 optimism seen in the containership industry, as well as the sentiment shift in ...

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Infographic: Nigerian Pirate Activity in 2016

The Gulf of Guinea continues to be one of the most dangerous bodies of water in the world for merchant shipping. ...

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Somali Pirates Keep 7 Hostages on Hijacked Vessel

Somali pirates have kept 7 hostages on board the vessel hijacked last week off Somalia, indicating that it could be ...

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Somali Pirates Hijack Another Vessel, Use It as Mothership?

The Somali pirates have hijacked another vessel off the coast of Somalia, a representative from Oceans Beyond ...

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Liberian Registry Hits 150 Mn Gross Ton Mark

The Liberian Registry, which holds the position of the second largest ship registry in the world, behind Panama, in ...

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