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Industry might not recover until 2015, Cosco Shipping warns

14/05/2013
Cosco Shipping estimates that the recovery for the whole industry will not be earlier than 2015, to some companies in a bad situation,

Nam Cheong picks up $110m with five new orders

14/05/2013
Malaysian offshore support vessel builder Nam Cheong has announced orders today for five vessels at a value of $110m. Since the start of the year

China Delivering 3 New Ships to Iran

14/05/2013
Iran is expanding its sea cargo fleet, Managing-Director of the Islamic Republic of Iran Shipping Lines (IRISL) Mohammad Hossein Dajmar said Sunday, adding that China

Supply/demand: Asia-North Europe-Urgent action still required between Asia and North Europe

14/05/2013
Europe’s continuing economic recession remains badly timed for ocean carriers who still have an armada of ULCVs planned for delivery before the end of the year. The continuing collapse in westbound freight rates is worrying, but could be reversed by more radical changes on the supply side.
Westbound:

European Commission unveils maritime strategy for the Atlantic

14/05/2013
The European Commission adopted an Action Plan to revitalise the marine and maritime economy in the Atlantic Ocean Area. The Action

Grain-Carrier Ship Rates Slide a 14th Day as Demand Seen Slowing

14/05/2013
Rates for Panamax ships that carry grains and minerals fell for a 14th day amid speculation that demand to transport Latin American

Overcapacity, Fuel Costs Hit Shipping Industry

14/05/2013
The owners of the world's containerships are the people responsible for making globalization a reality. Their fleets transport 90% of world trade in manufactured goods.

Crude Shipments Seen at Six-Month High as OPEC Output Expands

14/05/2013
Crude-oil shipments jumped to a six-month high as Asian demand will probably lead the Organization of Petroleum Exporting Countries to

Increase in seaborne oil trade for tankers

14/05/2013
Oil tanker trade is growing at its fastest rate in a decade as the boom in US production forces exporters that in the past supplied the American market to seek new customers

NAT Is Well Positioned for a Market Upswing; Payment of Dividend for 63 Consecutive Quarters

14/05/2013
During 1Q2013, NAT acquired another Suezmax tanker, built to top specifications and launched this year. We

LNG Bunker fuel projects springing up across the USA and Canada

14/05/2013
LNG is increasingly seen as the next generation of marine fuel. As the reality of emissions control areas looms on the horizon, there is

PC Maritime ECDIS in 50-vessel China Shipping Group deal

14/05/2013
PC Maritime’s Navmaster ECDIS has been chosen by China Shipping Group to be fitted to 50 newbuild bulk carriers. This large ECDIS

MLC 2006: Guidance on the financial security requirements

14/05/2013
Recent press articles and the imminent entry into force of the Maritime Labour Convention have brought the Convention and its requirements

NGOS and shipping industry make joint call for review of legal discharge status of polyisobutene

14/05/2013
The number of seabirds recorded washed up on beaches in two incidents along the English

Ronald D Widdows of Rickmers joins Annual International Maritime Hall of Fame

14/05/2013
Ron Widdows, CEO, Rickmers Group and Rickmers-Linie, has been inducted into the Annual International Maritime Hall

Ebba Maersk’s maiden call welcomed in Busan

14/05/2013
On 30 April, Ebba Maersk made her first port call in Busan, South Korea. The world’s largest vessel, with a capacity of 15,001 TEU, is now including Busan on the AE10

Melting Ice Opens Fight Over Sea Routes for Arctic Debate

14/05/2013
When 16th and 17th century European explorers sailed west in pursuit of a trade route to Asia, their search for a Northwest Passage was

Frontline Climbs Most in Two Months on Rate Recovery

14/05/2013
Frontline Ltd. (FRO), an oil-tanker company led by billionaire John Fredriksen, climbed the most in more than two

China Leads Peers in Resolving Malacca Energy Shipping Dilemma

14/05/2013
A new crude oil pipeline through Myanmar due to begin operations in September will put China in a favorable

Project shippers eye Wison’s latest deal

14/05/2013
Project shippers in China are eyeing Wison Offshore & Marine’s latest deal, a contract to supply key modularized
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