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Maritime Market
2016 average freight rates earned by container shipping lines operating on Shanghai Containerised Freight Index routes were 7% or $42 lower versus 2015 as dismal market fundamentals continued to drag.
1/23/2017 4:06:35 PM
A boat ferrying 40 people from Indonesia capsized off Malaysia's coast on Monday and at least nine people were killed and nearly 30 were missing, the latest accident involving migrant workers in overloaded boats.
1/23/2017 3:07:03 PM
A Greek owner is expressing satisfaction with his freshly delivered ultramax from Sinopacific’s Dayang as the bankrupt Sinopacific yards continue to turn out ships amid restructuring efforts.
1/23/2017 1:19:21 PM
Cosco Shipping Ports has announced a plan to acquire shares in Qingdao Port International Co by way of both equity interest transfer and cash.
1/23/2017 11:11:33 AM
PORT of Rotterdam authorities have teamed up with members of the energy and logistics industries to explore the commercial possibility of building a power-to-gas plant for hydrogen production.
1/23/2017 9:07:54 AM
Orient Overseas International Ltd (OOIL) has denied knowledge of any potential bid for its container shipping business Orient Overseas Container Line (OOCL).
1/22/2017 3:00:19 PM
East-west spot rates stabiliseMOVEMENT on the spot market is anticipated to be minimal in the coming week on the east-west majors, as rates prolonged their period of stability.
1/22/2017 11:56:07 AM
A surge in piracy to the west of the Philippines is forcing shipowners to divert vessels through other waters, stoking their costs and extending the time it takes to transport goods such as Australian iron ore to key Asian destinations.
1/22/2017 11:15:56 AM
Managing Director of the National Iranian Tanker Company (NITC) Sirus Kianersi said the first Iranian crude tanker has recently called at a Spanish port, saying NITC vessels have been able to sail freely in European waters in the post-JCPOA era.
1/22/2017 9:35:44 AM
Ambassador, a Suezmax crude oil tanker, has been arrested in Singapore waters, according to Supreme Court of Singapore’s data.
1/21/2017 3:31:03 PM
VESSEL export orders for Japan in December dropped to their lowest level since 1992 as the protracted shipping industry downturn continued to weigh on shipbuilders, new figures reveal.
1/21/2017 3:00:25 PM
The importance of coherent and connected development across all maritime sectors will feature strongly in the IMO’s work this year, as the Organization focuses on its World Maritime Day theme: “Connecting ships, ports and people.”
1/21/2017 2:28:08 PM
New shipbuilding orders received by China’s shipyards in 2016 have fallen by 32.6% year-on-year to 21.07m dwt in vessel tonnage, according to latest figures released by China Association of the National Shipbuilding Industry Cansi.
1/21/2017 12:05:27 PM
The explosion happened as Manhattan Bridge was docking at Felixstowe’s Trinity Terminal.
1/21/2017 10:48:17 AM
US-listed Dorian LPG has seen its shares surge over 10.5% in a single day’s trading on the New York Stock Exchange.
1/20/2017 12:00:00 PM
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