Risks to shipping using the Libyan ports of As Sidra and Ras Lanuf are currently at elevated risk of collateral damage, IHS Country Risk has reported. Following the Islamic State attack on major ...
Shipping at risk of ‘collateral damage’ after Libyan port attack
U-turn on slow steaming contains rates
Concerns about overcapacity in the dry bulk trades are growing as low bunker prices prompt owners to increase sailing speeds especially on ballast legs. Hamburg's Ernst Russ Shipbroker warned ...
Army Corps awards Delaware River contracts
Great Lakes Dredge & Dock (GLDD) was awarded the latest contract in the multiphase Delaware River Deepening project to dredge the river's main channel to 13.7 m (45 ft). The NASDAQ-listed ...
Second Norovirus Outbreak on Star Princess
By MarEx 2015-10-05 11:12:17 Sixty-one passengers on board the Star Princess cruise ship have fallen ill due to norovirus. The Princess Cruises-operated vessel completed a 15-day Hawaiian cruise on ...
Body Found in El Faro Search
By MarEx 2015-10-05 10:11:42 One body has been located by crews searching for the cargo ship El Faro that went missing off the Bahamas during Hurricane Joaquin, the U.S. Coast Guard said on ...
Pressure increases for charter box ship owners
The downward trend in container ship period rates worsened considerably last week with leading market indices posting their sharpest drops in a long time. Excess spot availability and plummeting ...
Gothenburg switches to simpler call notification system
Ships making calls at the largest port in the Nordic countries can now notify the relevant authorities through a new platform using Swedish Maritime Administration system Reportal. It replaces Port of ...
Deal on fees averts strike by Busan bunker tankers
A strike by bunker tanker owners in Busan has been averted after South Korea's four oil refiners reached a deal with the shipowners' trade association. South Korea's Ministry of Oceans and Fisheries ...
VLCC rates top USD100,000/day with Unipec fixtures
VLCC rates hit a new year-to-date high as China's Unipec fixed a higher-than-usual number of tankers ahead of the week-long National Day holiday. The Baltic Exchange on 2 October assessed the ...
Korea EXIM to inject more funds into Sungdong Shipbuilding
Despite criticisms over underestimating troubled shipbuilder Sungdong Shipbuilding & Marine Engineering, the Export-Import Bank of Korea has pledged to provide up to KRW420 billion (USD357.7 ...
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