21/05/2013
The freight rate war currently taking place between Asia and Europe, and between Asia and the US, and the further addition of new ships, will force carriers to resort to more slow steaming.
Although slow steaming continues to be a contentious issue with shippers, more is on the way as fuel prices remain stubbornly high and ocean carriers can no longer absorb the bill due to the
21/05/2013
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Monday, pulled down by
21/05/2013
Charter rates for the largest oil tankers hauling Middle East crude to Asia slumped for a fourth session as the surplus of available ships for
21/05/2013
Clean tanker rates for refined petroleum products on top export routes were softer on Monday in slower trade with a build up of vessels putting more pressure on the transatlantic
21/05/2013
Rates to transport dry-bulk commodities by sea will recover from unsustainable levels as fleet growth slows and demand advances on Asian
21/05/2013
The cross-Mediterranean dirty freight rate for 30,000 mt cargoes fell to its lowest in over seven months, as weak demand
21/05/2013
Wilbur Ross, the billionaire founder of WL Ross & Co., said he intends to add to his shipping investments as slowing growth of the merchant
21/05/2013
The miserable performance of the shipping business and interest costs took a toll on the March quarter financial performance of Mercator
21/05/2013
d'Amico International Shipping S.A. (Borsa Italiana: DIS), a leading international marine transportation company operating in the product
21/05/2013
Gibdock has completed a refit of the seismic vessel WG Cook for WesternGeco, reflecting the yard’s growing ability to attract return customers in the specialised
21/05/2013
Maritime services provider Inchcape Shipping Services (ISS) has warned of an increase in Australian Carbon Tax on vessels from 1st July 2013. Bunker duty and
21/05/2013
Nippon Yusen K.K. (9101), the world’s largest publicly traded operator of liquefied petroleum gas ships, surged
21/05/2013
The National Shipping Company of Saudi Arabia (Bahri) is awarded as one of the top companies in the Arab
21/05/2013
In early May, people from all facets of the energy services business descend on Houston for the Offshore
21/05/2013
Bluesea Shipping Lines provides proficient shipping services to Shanghai from USA. Shanghai is the most
20/05/2013
Commerzbank AG (CBK), Germany’s second-biggest bank, plans to buy and run ships from its borrowers as part of an effort to restructure its
20/05/2013
The discharge of non-recoverable cargo or cleaning agents contained in hold wash water is
20/05/2013
The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell "Jag Ravi", a Handymax dry bulk carrier. The 1997 built
20/05/2013
The Cabinet approved the proposal to allow Steel Authority of India (SAIL) and Rashtriya Ispat Nigam Limited (RINL) to undertake direct
20/05/2013
Gas carriers cornered the largest chunk of global shipping investment last year since 2005, just as the profits to be made from shipping liquefied natural gas are falling to