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Maritime Market
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Over 30 LNG carriers are idling as spot trading of cargoes slows across all markets, leaving vessels without employment.
2/25/2017 5:10:22 PM
Starting from April 1, 2017, Japanese shipping company Mitsui O.S.K. Lines (MOL) plans to restructure its organization again with an aim of boosting the firm’s efficiency.
2/25/2017 5:06:28 PM
Chinese Maritime Court has sold five vessels of bankrupt Wenzhou Shipping, subsidiary of Zhejiang Shipping Group, through online auctions on for a a total price of $22.81m.
2/25/2017 1:54:28 PM
Container spot freight rates from Asia to Northern Europe rose 7 percent to $961 per twenty-foot equivalent units (TEU), the Shanghai Containerized Freight Index showed.
2/25/2017 1:40:13 PM
In the early hours of Friday morning, the UK Coastguard was notified of a fire on board the U.S.-flagged car carrier Honor in the English Channel. The vessel had just left Southampton on a voyage to Baltimore.
2/25/2017 12:05:34 PM
Suez Canal Economic Zone has spoken to a number of British firms as part of an effort to attract $2 billion of foreign investment, according to a report.
2/24/2017 12:30:00 PM
APM Terminals has decided to increase investment at its Port Elizabeth terminal in New Jersey, USA to $200m from $70m initially.
2/24/2017 11:58:08 AM
First signs of new limits impacting the freight market have emerged, Credit-Suisse and Morgan Stanley say.
2/23/2017 9:34:02 AM
WITH the International Maritime Organization cutting the sulphur content in marine fuel to 0.5% globally from 2020, versus 3.5% now, shipping market participants will have to pay more to use more eco-friendly products
2/22/2017 4:14:20 PM
The bodies of at least 74 migrants have been found washed up on the shore in western Libya after the engine of their inflatable boat was stolen, coastguard and aid officials said on Tuesday.
2/22/2017 2:31:49 PM
A steel cutting ceremony was held on February 21, 2017 for the world's first cruise ship that will be run completely on LNG.
2/22/2017 11:34:21 AM
Italian shipbuilder Fincantieri has been linked to a binding deal on construction of cruise ships for the Chinese market, Bloomberg reports citing undisclosed sources familiar with the matter.
2/22/2017 10:15:17 AM
National Shipping Company of Saudi Arabia (Bahri) has opened a new office in Mumbai to strengthen its presence in the Indian maritime industry.
2/22/2017 9:41:34 AM
A crew of nine was rescued from a workboat that caught fire overnight near the Pacific entrance of the Panama Canal.
2/22/2017 9:11:13 AM
South Korea’s Hyundai Heavy Industries (HHI) on Tuesday won an order to build two 320,000 dwt very large crude carriers (VLCCs) for a Greek customer, officials from the shipbuilder told Fairplay.
2/21/2017 3:52:33 PM
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