- 5,095-TEU vessel deployed on new weekly INDIAMED service
- Terminal completes maiden vessel call in record 5.6 hours
The rebound of the dry bulk market could be in sight, despite looming signs that its momentum is about to slow down moving on to the final weeks of the third quarter and onto the fourth quarter of the year.
As part of an agreement between the European Union and the International Organization for Migration (IOM), Damen Shipyards Group has delivered two SAR 1906 vessels to the Turkish Coast Guard. The two vessels – the first to be delivered in what is a six-vessel contract – will be mobilised in refugee and migrant rescue operations.
Major players from global ship owning, shipmanagement and associated service industries such as satellite communications and maritime clusters are among the confirmed speakers at the Fourth International Shipowning and Shipmanagement Summit (ISSS), to be held during London International Shipping Week 2017.
Global container terminal operator DP World reported 8.2% volume growth in the first half of the year with the help of gains from new shipping alliances.
Over the last decades, the global shipping industry has been one of the major factors of the globalization process. At the same time, the shipping industry is itself being transformed by growing international trade, market integration and the shifting balance of economic power from developed economies to rapidly growing lower wage economies. As shipping-related economic activities are also becoming more globalized, cities and states have to compete to attract international maritime companies.
A new warning that bauxite may become unstable when carried in bulk on a ship, potentially causing the vessel to capsize, has been issued by the International Maritime Organization (IMO).
China is laying the groundwork for its first sale of U.S.-dollar sovereign bonds in more than a decade, a move toward expanding its ties with global investors as its economy improves.
COSCO SHIPPING Lines Company Limited (“COSCO SHIPPING Lines”), a wholly-owned subsidiary of COSCO SHIPPING Holdings Co., Ltd. (“COSCO SHIPPING Holdings” or the “Company”) together with its subsidiaries (collectively the “Group”) and its subsidiaries
Shipbrokers left and right are reporting a flurry of activity in the S&P dry bulk segment over the past week. In its latest weekly report, Allied Shipbroking said that “on the dry bulk side, there was an explosion of activity this past week, with a large number of vessels changing hands.
Despite a recovery in cargo shipping markets, ship manning costs will remain suppressed as shipowners and operators continue to be financially challenged and the officer shortfall recedes, according to the latest Manning report published by global shipping consultancy Drewry.