Fullers Fined NZD 130,000 after Ferry Collided with Wharf

Auckland-based ferry company Fullers Group has been fined NZD 40,000 (around USD 28,000) and ordered to pay ...

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Further OPEC Cuts to Influence Tanker Demand?

Extension of oil production cuts until March 2018 could affect tanker demand, either via lower crude and product ...

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Drewry: Container Carriers Heading to Profit

The majority of container shipping lines lost money in the first three months of 2017, but higher rates and ...

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Korean Lines Covering Less Trades

The number of trade lanes served by the Korean deep sea lines has decreased as well as their deployed capacity ...

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Navig8 Chemical Tankers Takes First Fukuoka Newbuild

Navig8 Chemical Tankers has taken delivery of the Navig8 Spica, a 25,000 dwt stainless steel chemical tanker, from ...

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Port of Melbourne Has Victoria Covered Until 2055

Australia’s state of Victoria will not need a second major container port until capacity at the Port of ...

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Japanese Consortium to Develop Autonomous Shipping System

Japan’s Ministry of Land, Infrastructure, Transportation and Tourism has selected a joint project led ...

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Hunter Maritime Acquisition Extends Tender Offer

The Marshall Islands-based Hunter Maritime Acquisition Corp. has extended its previously announced tender offer to ...

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IEA: Shipping Lagging Behind in CO2 Reduction

The shipping industry will have to commit to more ambitious policies, and fast, if it wants to get on track with ...

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Odfjell Admits to Violating US Probation

Singapore-based Odfjell Asia II Pte Ltd, which was convicted in 2014 of violating the Act to Prevent Pollution from ...

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New Forestal Gaia Enters Service

Tokyo-based Kawasaki Kisen Kaisha (“K” Line) took delivery of Forestal Gaia woodchip carrier from Tsuneishi ...

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Stolt-Nielsen Orders 2+3 LNG Carriers at Keppel Singmarine

Singapore-based Keppel Singmarine has secured a contract worth a total of SGD 103 million (USD 74.2 million) to ...

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Carrier Reliability Drops in April amid Vessel Reshuffling

Carriers’ overall on-time and transit time reliability decreased in April as the great migration of vessels ...

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Jinhui Cuts Loss as Dry Bulk Freight Rates Rise

Hong Kong-based dry bulk specialist Jinhui Shipping and Transportation Limited recorded a net loss of USD 7.97 ...

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Global Cargo Fleet's OPEX Passes USD 100 Bn

Global ship operating expenses (OPEX) for the world’s cargo fleet have now breached USD 100 billion mark for the ...

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ICC: USD 1.6 Trn Gap in Global Trade Finance

There is a USD 1.6 trillion shortfall in trade finance globally, the International Chamber of Commerce (ICC) said ...

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Carriers Not Cashing In on Intra-Asia Container Trade Surge

Container traffic within Asia is flying according to trade statistics, but carriers are yet to feel the benefit, ...

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Primerose Shipping Orders Bulker Duo in China

Greek ship owner Primerose Shipping has ordered two bulk carriers in China, shipbroking sources say. The two 81,000 ...

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N8CT Inks 2nd Sale and Leaseback Deal with SBI

Chemicals transportation company Navig8 Chemical Tankers has entered into a second sale and leaseback deal with ...

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Top Six Largest Boxships

Starting with the latest addition to the global fleet of super-sized containerships, the recently-christened 21,413 ...

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Rates for Small LPG Vessels to Strengthen Further

Vessel oversupply will persist in the LPG shipping market for the next two years, keeping freight rates under ...

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Carnival Australia Carries More Passengers in 2016

The growth in cruising on locally-based ships of Australia’s cruise operator Carnival Australia has ...

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BDI Drops below 1,000 Mark

The Baltic Dry Index (BDI) fell to 994 points on Monday, May 15, down by 20 points, tumbling again below the 1,000 ...

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Aurora Expeditions Unveils Expedition Cruise Vessel Design

Australian cruise company Aurora Expeditions has revealed the design of its first purpose-built expedition vessel ...

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Advantage Tankers Linked to Five-Ship Purchase

The Marshall Islands-based holding company Advantage Tankers has allegedly bought five MR1 tankers from ...

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China Sparks World Container Traffic Boom

Preliminary data from Drewry’s Container Trades Statistics (CTS) indicates that world container traffic ...

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Asia - Oceania Trade Growth Slowing Down

The trade growth from Asia to Australasia is starting to slow down in 2017 with exports from North Asia taking the ...

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