The CEO of Singapore-based cash buyer Wirana Shipping Corporation told IHS Maritime that he believes scrap prices of ships cannot fall any further and that the market should stabilise in ...
Cash buyer believes ship recycling market bottoming out
Shanghai Shipping Exchange launches two indices on Belt and Road initiative
The Shanghai Shipping Exchange (SSE) launched on 29 July two indices to track the trade volume and freights along the Silk Road Economic Belt and 21st Century Maritime Silk Road (Belt and Road), which ...
Collision Report: Lookouts Weren’t Looking
By MarEx 2015-07-30 00:03:32 The Australian Transport Safety Bureau has released its report into the collision between the container ship Kota Wajar and the yacht July last year, stating that ...
No Energy for Fuel Efficiency
By Wendy Laursen 2015-07-29 23:44:19 Ambition levels for setting energy saving targets in the shipping industry are low. That’s one of the conclusions reached in DNV GL’s 2015 Energy Management ...
DP World-Toll JV to streamline container handling
A new joint venture (JV) between DP World and Toll Logistics in Sydney, Australia could provide a container shuttle out of Port Botany and slash exports of empty boxes. The proposed 50/50 JV between ...
Mitsubishi Pull-Out Favors Asia
By Wendy Laursen 2015-07-29 23:08:22 The Japanese car maker Mitsubishi Motors has decided to end production and sell its U.S. car plant in favor of Asian production. It’s a move that current low ...
Has MH370 Been Found?
By Wendy Laursen 2015-07-29 18:50:58 A piece of plane debris has washed up on the Indian Ocean island of La Reunion, but officials are saying that it’s too early to say whether or not it has come ...
How The West Was Won
By MarEx 2015-07-29 16:51:42 While the offshore oil and gas industry reels from depressed crude oil prices, one Chinese shipbuilder sees investment opportunities in the Gulf of Mexico. The Chinese ...
Kenyan Vessel Capsizes, Sinks
By MarEx 2015-07-29 16:38:04 The Kenyan-flagged M/V Al-Shami capsized and sank east of Mombasa, killing two crew members. Three other crew members were rescued and taken to a nearby hospital. ...
Sembcorp -“Show Me the Money”
By MarEx 2015-07-29 16:25:08 Sembcorp Marine still has not gotten paid by Sete Brasil for the drillship ordered in 2012 to be delivered between 2015 and 2019 at the Brazilian Estaleiro Jurong ...