Venezuela's oil industry faces years of recovery and massive investment, with uncertain impacts on the tanker market, reports Seatrade Maritime News.

Minister Şimşek announces a 2.4% rise in industrial production, with reforms planned for 2026 to boost growth and sustainability.

THE latest industry statistics from analysts CLIVE Data Services and TAC Index show that airlines' hopes of a peak season boost in November failed to materialise with a year-over-year fall in demand of 1 per cent point, the first decline in demand since the road to recovery started six months ago

THE Mediterranean Shipping Co (MSC) will levy a bunker recovery charge on a raft of trades starting December 1

Container recovery from Mercosul Line ship in collision advances

As we approach midyear 2014, shipping’s economics remain stuck in the doldrums will little or no recovery in sight. The surplus capacity of ships to the cargoes requiring transportation has been aggravated by the delivery of a massive orderbook of new ships that followed the boom markets of the middle of the last decade.

The requirement applies to all newbuildings provided with SOLAS certificates that are keel laid after 1 July 2014. For vessels in operation, the requirement applies from the first periodical or renewal safety equipment survey carried out after 1 July 2014, whichever comes first. The requirement also applies to units provided with a MODU Code certificate.

Expectations are elevating that the long-stagnant shipbuilding industry may enjoy an upturn amid an increasing amount of commercial vessel orders and the rise of freight charges. Industry observers, .....