Shipping

  • Maersk Line sees Nepal as a long-term trade...

    Maersk Line, the global containerized division of the Maersk Group, at a recently concluded trade meeting in Kathmandu, Nepal, announced its intent to push for acceleration in trade in the country. The Nepal import market doubled in the past 5 years and Maersk line is confident of a continued momentum in this direction.

  • Saudi Aramco launches ship manufacturing venture

    Saudi Aramco launched a joint venture in marine international industries with Lamprell plc, the National Shipping Company of Saudi Arabia (Bahri), and Hyundai Heavy Industries Co. Ltd. to establish, develop and operate a world-class maritime yard.

  • More VLCCs to be sold for scrap

    Capesize bulkers witnessed an extended lease of life during 2017, as the recovery of the dry bulk market gave little incentive to their owners, to scrap them. The same can’t be said for the tanker counterparts, with what looks to be yet another challenging year in 2018, seemingly setting the scene towards more VLCC scrappings.

  • A single market for shipping – time to make it...

    The single market is one of the most celebrated successes of the EU. It is a central element of the EU growth agenda. It is, however, clear that the single market remains incomplete and dysfunctional in some sectors. This is particularly true for shipping.

  • Dry bulk market comeback the story of shipping in...

    2017 will undoubtedly go down as the year during which the dry bulk market staged a sustainable recovery to healthier levels. With the glut of newbuilding vessels gradually going down and demand for commodities on the rise, the tables were finally turned for bulkers.

  • COSCO SHIPPING Ports Limited (SEHK:1199) Dividend...

    Shares of COSCO SHIPPING Ports Limited (SEHK:1199) currenty have a 10 year dividend growth rate of -0.10854. This number is calculated using the geometric average which provides the typical value of dividend growth over the specified period using the product of their values. The geometric average is defined as the nth root of the product of n numbers.

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The UAE Protects Against Seafarer Abandonment

The United Arab Emirates (UAE) Federal Transport Authority has issued a circular saying that all ships flying the UAE flag trading internationally and all ships operating in UAE waters above 200 gross tons have to have a financial security system in place to protect seafarers against abandonment, death or injury.

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DP WORLD marked Monday its 10-year public listing on Nasdaq Dubai

DP WORLD marked Monday its 10-year public listing on Nasdaq Dubai with a ceremonial event at the Dubai Financial Market (DFM), attended by Sultan Bin Sulayem, chairman and CEO of DP World, Essa Kazim, governor of the DIFC and chairman of DFM, and Hamed Ali, CEO of Nasdaq Dubai.
 

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Tankers: The rate of newbuilding deliveries will determine the 2018 course of things in the market

Ship owners active in the tanker market have entered 2018 in a numb state, as they have been looking for some positive news, after what proved to be a more than challenging year. In its latest weekly report, shipbroker Gibson said that “2017 was always expected to be a challenging year, however, for the crude sector at least, the first half of the year generated reasonable earnings. In contrast, product tankers suffered heavily during the first six months, but did at least witness increased volatility later in the year. 2018 looks set to be another painful period for tanker owners, with a continued wave of new tonnage and potentially challenging demand conditions”.

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Maersk Line sees Nepal as a long-term trade partner

Maersk Line, the global containerized division of the Maersk Group, at a recently concluded trade meeting in Kathmandu, Nepal, announced its intent to push for acceleration in trade in the country. The Nepal import market doubled in the past 5 years and Maersk line is confident of a continued momentum in this direction.

English

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