Demolition sales of dry bulk carriers have increased sharply this year despite low price of steel, which brings a ray of hope to a struggling dry bulk market in which asset prices remain under ...
Scrapping rise gives hope to dry bulk misery
Golar LNG Partners weighs dollar bond issue in Norway
Golar LNG Partners, the long-term contract-based LNG carrier company, said it is considering issuing senior unsecured dollar denominated bonds in an increasingly lively Norwegian bond market. "The ...
Recycling of box ships slows
The number of container ships being headed for demolition has almost halved year on year as charter rates, especially for Panamaxes, have improved substantially. IHS Maritime's Sea-web.com data shows ...
Busan Port eyes intra-Asia trade
Busan Port Authority (BPA) recognises the importance of small container ships serving intra-Asia trade in helping Busan Port to be more competitive. At a seminar recently organised by BPA and the ...
Overcapacity could sink liner rates
Larger new container vessels entering US east and west coast container trades could foil attempts by liner operators to raise transportation rates in 2015, according to a container sector analyst. The ...
China’s container exports stable, rates down
Container exports at major Chinese ports remained stable in the first four months of 2015, but the freight rate index kept falling, according to a report released by Shanghai Shipping Exchange. The ...
Jan De Nul orders two offshore vessels
Belgian dredging and offshore giant Jan De Nul Group (JDN) is investing in two versatile 6,000-tonne subsea rock installation vessels, ordered from the AVIC Weihai shipyard in China and due for ...
Turkish Ship Attacked Approaching Libya
By Reuters 2015-05-11 05:19:22 A Turkish dry cargo ship was shelled from the Libyan coast as it approached the port of Tobruk and then attacked from the air as it tried to leave the area on Sunday, ...
Uncertain post-2015 outlook for Hanjin Shipping
Hanjin Shipping is expected to achieve an operating profit of KRW437 billion (USD400.6 million) for 2015, surging 432.3% from 2014, but it is unclear whether the success will last. Hana Daetoo ...
South Korea to build grain terminal in Cambodia
South Korea's Ministry Of Oceans and Fisheries (MOF) will co-operate with local companies to develop a grain terminal in Cambodia. MOF said in a press statement, "In order to develop a grain terminal ...
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