Leading shipping lines boosted their capacity by 14% in 2010, with MSC closing the gap on the world’s largest carrier, Maersk Line.
- MSC closes the gap with Maersk
- Container spot rates reach milestone point
After almost six months or 25 straight weeks of falls, container spot rates out of Shanghai managed to put a halt and increase as 2010 came to an...
- Chinese shipyards weather hard times
China's shipyards delivered less than 80 percent of their existing orders in the withering global shipping market, said a report from the China...
- China initiates action to keep a lid on commodity price
Reuters reported that China battling inflation has vowed to crackdown on speculation, hoarding and price gouging.
- Time to invest in bulk carrier shares?
After being favorite targets of the bears during the global financial crisis, dry bulk shippers and tanker stocks booked some decent gains in 2010.
- Massively indebted Vietnamese shipbuilder misses payment
International investors are growing concerned about Vietnam's state-owned shipbuilding conglomerate Vinashin.
- 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.
- Legal and capacity impact of slow steaming
With the recent publicity about slow steaming, it has recently become a buzzword in the industry news circles.
- Israeli Frigates Chasing Gaza-Bound Aids Ship
According to reports on Sunday, two Israeli frigates have contacted the ship, named Salam, and called on the vessel's captain to provide them with...
- Shipowners getting ready for 2011
Improved financing conditions meant that owners could access more funds, thus moving forward with their investment plans.
- 2010: A brief flashback on shipping
2010 was, perhaps, not a vintage year for shipping, although it might have been a good deal worse.
- Lloyd's Register offers ship-operators timely guidance on ballast-water systems
The new guidance, reflects the current status of regulations proposed by the International
- Danish warship disarmed pirate vessel
A Danish warship patrolling the Gulf of Aden under NATO operational control disarmed a vessel with alleged pirates aboard and detained the suspects,...
- Turkey's largest aid ship sails for flood-hit Pakistan
The aid ship "Defne" sailed to Pakistan, which has 4,800 tons of aid materials for the flood victims of Pakistan from Zeyport sea port in Turkey.
- Russian tanker NS Africa escapes Somali pirate attack
Russian tanker NS Africa has managed to evade capture by pirates in the Indian Ocean, the Sovfracht Maritime Bulletin reported on Friday.
- China's shipbuilders to reap RMB 40 bln in profit in 2010
Output value of shipbuilding enterprises above designated size in China is expected to total RMB 670 billion this year, and they will reap over RMB...
- 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.
- Turkey creates new lexicon in reference to Mideast policies - Today's Zaman
Today's ZamanTurkey creates new lexicon in reference to Mideast policiesToday's ZamanThe Mavi Marmara, the Turkishshipstormed by Israeli commandos in...
- German govt plans anti-pirate conference in Berlin - Reuters Africa
Reuters AfricaGerman govt plans anti-pirate conference in BerlinReuters AfricaIn November, 10 suspected Somali pirates captured by Dutch forces in...