So far this year, demolition of older vessels has been feverish, in an attempt by ship owners to help alleviate the tonnage oversupply pressures that the global shipping market has been dealing with, in almost every shipping trade, from dry bulk to tanker.

With the current newbuildings orderbook at huge levels, ship owners could very well use the expertise of consulting and services companies, which know their way around ship yards and can provide valuable assistance in all stages of a newbuilding ordering

The Mozambique Channel, as well as the entrance to the Persian Gulf, are expected to become some of the new pirate hotspots for piracy, says Richard Mcenery, Operations Director with Ocean Protection Services Ltd, one of the companies currently offering

Shipping is under siege in order to lower its carbon footprint. The recent decision by IMO seeks to offset these pressures and ship owners need to start preparing for a "œgreener" shipping. Towards this direction, Carbon Positive, a leading carbon management

The record levels of scrapping activity seen this year are going to be a catalyst for alleviating the industry's oversupply problems by balancing supply and demand says Christina Anagnostara, Chief Financial Officer with New York-listed shipowner

In an exclusive interview with Hellenic Shipping News Worldwide, the long-serving Secretary-General of the International Maritime Organization (IMO), Mr. Efthimios E. Mitropoulos, looks back at the decisions adopted by the organization during his term

In an interview with Hellenic Shipping News Worldwide, Mr. Nigel Richardson, Managing Director of Gibson Shipbrokers Ltd. Highlighted the extremely weak tanker markets "“ especially the VLCC segment "“ during the first half of the year and the reasons behind it.

One of the leading players for product tankers, TORM, sees an early recovery on the sector, on the back of lower orderbook. The company's Chief Executive Officer, Mr. Jacob Meldgaard" also said, in an exclusive interview with Hellenic Shipping News Worldwide, that the outlook for 2011

In an interview with Hellenic Shipping News Worldwide, Maersk Hellas' Managing Director, Mrs. Anne O. Gronbjerg, responsible for the Greece Cluster, including Hellas, Cyprus and Bulgaria, confirmed Maersk's estimates that the second half of 2011 will prove healthier

The recovery and next upward cycle of the dry bulk market shouldn't be expected to occur earlier than the second half of 2013, according to Jeffrey Landsberg, managing director of US-based Commodore Research & Consultancy. By then, he says, a large

During the next two years the VLCC and Suezmax fleets are projected to post net growths of 21% and 19%, respectively, which is well out of step with demand growth projections said George P. Los, Research Analyst with Charles R. Weber Company, Inc.,

Dry cargo demand fundamentals are falling back in terms of offering proper comfort to ship owners and alleviate oversupply issues, as Chinese iron fixtures are on a downward trend with port stockpiles of iron ore, coal and steel being at elevated levels.

According to John Pachoulis, the President of the Hellenic Shipbrokers Association, current, as well as future oversupply problems will most likely hamper the dry bulk sector's recovery this year as well,

Tonnage oversupply keeps adding "œweight" to the dry bulk market, but even if the balance with demand was right, ship owner Alexis Angelopoulos, head of ACA Shipping says it wouldn't be enough to propel the Baltic Dry Index (BDI) more than 20% - 30% of what it is today.

In an interview with Hellenic Shipping News Worldwide, BIMCO's shipping analyst, Peter Sand, describes the "œhardships" expected to reign in on the dry bulk market this year, as tonnage oversupply will definitely keep rates down, especially for the larger Capesize vessels.

With shipbuilding design becoming ever so crucial for the future of ships, AVEVA's solutions package towards shipbuilders across the world is powering up change and technology. With 85% of the top 50 shipbuilders being AVEVA Customers it's more than clear that in one way or another, most of today's modern vessels were designed using one or more of the group's applications and modules.

A large orderbook which currently stands at 53% of the existing fleet is expected to render 2011 another challenging year for the dry bulk market. According to Mr. Michael Bodouroglou, Chairman and CEO of Paragon Shipping Inc., in an interview with Hellenic Shipping News Worldwide, "œwe believe that 2011 should be a challenging year due to the amount of new vessels

Being the first company to offer transit warehousing to the Turkish market, Atlas International Shipchandling & Trading, is operating for more than 30 years in one of the most important sectors of the shipping industry, the one of ship supply. Atlas, a company founded by managing director George Saris and his colleagues, currently offers a 3,500 square meter

Oversupply issues will continue to be a crucial factor for the tanker freight market during 2011 as well, said Mr. Alexandros Prokopakis, General Manager-Bunkering with Mamidoil "“ JetOil SA in an interview with Hellenic Shipping News Worldwide.