According to BIMCO’s newest analysis from Peter Sand, global recovery is now appearing to be losing momentum.
- Flurry of new ships to dampen shipping rates in 2011
- IMO okays contingency guidelines against piracy
The maritime security committee (MSC) of the International Maritime Organization (IMO) has approved the contingency guidelines for company security...
- Shipping lines prepare for more disruption at French ports
Shipping lines are warning of delays to cargo as another round of strike action brings container handling to a standstill.
- Prospect for int'l anti-piracy cooperation in Indian Ocean
Shah Md Sultanuddin Iqbal in the first of his two-part article. Indian Ocean with an area of 75 million square kilometres occupies about 21per cent...
- 2010 was Up for Commodities, Will 2011 be Better?
As the year 2010 came to an end, it is interesting to look back and wonder how commodity markets (energy, the entire metals complex and agriculture)
- Greek Shipowners regain global No1 position
After a one year break during 2009, Hellenic ship owners regained the number 1 status of ship investors, surpassing their Chinese counterparts.
- Panama Canal expects increase in shipping next year
Panama Canal authorities are optimistic that the amount of cargo transported through the waterway will increase this year as compared to 2010.
- "2011 may be difficult for shipping"
In an interview to Business Line, Mr Hajara head of the India's largest shipping company, Shipping Corporation of India,said 2011 will be...
- Shipowners getting ready for 2011
Improved financing conditions meant that owners could access more funds, thus moving forward with their investment plans.
- Wartsila introduces its new powerful engine
Wartsila has introduced a more powerful version for marine applications of its popular Wartsila 32 engine.
- Dry bulk market stays subdued at the end of 2010
The dy bulk market failed to cheer ship owners across the board as the year draws to an end, thus bringing mixed feelings ahead of 2011.
- Somali pirates set free German ship - Xinhua
Reuters AfricaSomali pirates set free GermanshipXinhuaPirate attacks have continued in Somalia's Indian Ocean coast, despite the presence of...
- Korean ferry sank in Yellow sea
South Korea's Coast Guard said Sunday that it rescued all 15 crew and passengers from a ferry ship that sank off the southwestern coast.
- Dry bulk owners could soon reconsider scrapping older vessels
With the dry bulk market close to its lowest levels in months and indeed close to 2010 lows, ship owners could be heading towards scrapyards in a bid...
- Baltic index at near 5-month low, activity slow
The index, which gauges the cost of shipping commodities including iron ore, cement, grain, coal and fertiliser, fell 2.97 percent, or 56 points, to...
- Dry bulk market looking for direction amid holidays
The dry bulk market isn’t exhibiting a “festive” behavior, thus cheering ship owners and investors alike. Instead, the industry’s benchmark...
- China ore imports from India continue decline in Nov
China’s iron ore imports from India, the world’s third-largest exporter of the key steelmaking ingredient, posted a year-on-year fall in November...
- Tanker companies are playing it safe as market conditions still challenging
Tanker companies’ senior managers are adopting a series of defensive measures in order to keep afloat until market conditions are improved....
- Shipping recovering, but still hampered by oversupply and depressed freight rates
International seaborne trade contracted by 4.5 per cent in 2009, reports UNCTAD´s Review of Maritime Transport 2010 . That decline put seaborne...
- Mandatory fire test procedures Code adopted by IMO Maritime Safety meeting
Amendments to the International Convention for the Safety of Life at Sea (SOLAS) to make mandatory the International Code for the Application of Fire...