Singapore's transport minister Lui Tuck Yew said on 21 April that the maritime community must respond to the growth of shipping in Asia and prepare itself to ride on the many opportunities this will ...
Singapore minister: Prepare for Asia’s growth
TMSC back to black in 2014
Shanghai-listed container carrier Tianjin Marine Shipping (TMSC) returned to the black in 2014 on reversal of write-down for disputed funds. TMSC's profit totalled CNY78.9 million (USD12.7 million) in ...
VLGC rates inch up as vessel supply tightens
Freight rates to haul liquefied petroleum gas (LPG) on very large gas carriers (VLGCs) have been going up as available ships this month are being snapped out. The Baltic Exchange assessed the ...
Mixed outlook for Thai trade in 2015
Thailand's mild economic growth includes a mixed import and export picture senior government officials acknowledged in a 17 April national broadcast. A key problem is slow exports which did not expand ...
Pak Bara port development back on
Thai prime minister General Prayut Chan-o-cha has said plans to develop a deepsea port at Pak Bara are back on. Pak Bara is on Thailand's Andaman coast, with plans envisaging a port built in Satun and ...
U.S. Self-Sanctioning with Oil Export Ban
By MarEx 2015-04-20 19:51:50 U.S. Senator Lisa Murkowski, (R-Alaska), announced plans on Monday to introduce legislation to end the 40-year-old ban on exporting domestic crude oil production. In ...
Bulker Grounds in St. Lawrence Seaway
By MarEx 2015-04-20 19:37:34 The U.S. Coast Guard is responding to a 621-foot bulk carrier which ran aground in the vicinity of Wellesley Island, in the St. Lawrence River, New York, on Monday. The ...
ICS Dismisses Environmental Group’s “Fanciful” Claims
By MarEx 2015-04-20 19:07:29 The International Chamber of Shipping (ICS) has dismissed the recent claim by the European environmental lobby group Transport and Environment (T&E) that modern ...
Cargo Ferry Concept Replaces Truck Transport
By MarEx 2015-04-20 18:32:31 A new competitive and eco-friendly maritime transport concept, the Cargo Ferry project, was presented in Oslo on April 20. The result of more than two years of work, the ...
New Tanker Designs Reduce Ballast Requirements
By MarEx 2015-04-20 18:21:19 The “Clear Advantage” tanker design series reduces ballast requirements by 40 percent. Ready to be built, the designs combine operational and environmental performance ...
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