The International Maritime Organization is to review legislation underpinning sea rescues by commercial shipping as a "matter of priority" in the light of mass rescues of migrants and refugees being ...
Migrant rescues prompt SOLAS review
Asia-Europe battleground heats up
The crash in freight rates on the major Far East westbound routes continues today with more double-digit slides reported by the Shanghai Shipping Exchange. Its freight index SCFI showed another 14% ...
Increasing oil production, forecast demand growth support tankers
Increasing production of oil and a raised demand forecast have provided further good news to an already firm crude tanker market and brightens the skies in product and chemical trades too, shipping ...
Two die at Shanghai shipyard
Two workers died and two were severely injured when a ship block fell at Shanghai's Hudong Zhonghua Shipyard-owned Changxing Shipbuilding on 15 April. Local media reported that a hoist crane at the ...
Imports strengthen at LA ports
Box imports are making significant gains at America's largest container complex while lingering congestion may still be hampering exports. Import boxes at the Port of Los Angeles increased 31.5% ...
Manifestos promise a ‘sea-blind’ UK election
Shipping has no place in the manifestos issued this week by the five main political parties contesting the UK general election on 7 May. The Conservative, Green, Labour, Liberal Democrat and UK ...
Pan Ocean to amend rehabilitation plan
South Korean bulker operator Pan Ocean said on 17 April that it is amending its rehabilitation plan and will submit the revised plan to the South Korean courts next week. Key terms of the revised ...
IPA completes maintenance dredging at Incheon ports
Incheon Port Authority (IPA) has completed maintenance dredging at coastal ports 3 and 4. The dredging, which was completed in March, was done at a budget of KRW2 billion (USD1.8 million). The port ...
Keppel rides on short-term vibe
Investors are urged to accumulate Singapore-listed marine, property, and infrastructure company Keppel Corporation's (Keppel) stock, which is riding on a short-term momentum. Malaysia-headquartered ...
Japanese yard orders down 36%
Orders at Japanese shipyards fell 36% year on year (y/y) in February, continuing its descent as investment appetite for newbuildings has been affected by the sluggish dry bulk market. Figures from the ...