Idling of containerships across the global fleet has soared to new high in 2015 reaching 500,00 TEU capacity mark, according to the latest data provided by market analyst Alphaliner. The increased idleness of containerships across the board has been attributed to softening of charter rates that cont
An Iranian fishing dhow and its crew members managed to escape from Somali pirates after being held hostage for five months, maritime piracy experts from Ocean Beyond Piracy informed. Namely, the crew managed to slip the moorings of its fishing vessel, the Jaber, on Thursday, August 27th, thus fleei
An Iranian fishing dhow and its crew members managed to escape from Somali pirates after being held hostage for five months, maritime piracy experts from Ocean Beyond Piracy informed. Namely, the crew managed to slip the moorings of its fishing vessel, the Jaber, on Thursday, August 27th, thus fleei
Have you ever asked yourself how the biggest ships were made? Today’s infographic brings you detailed information about building techniques and technologies used for building some of the biggest ships, trucks and constructions. Click here for full-size image World Maritime News Staff; Infographic so
Have you ever asked yourself how the biggest ships were made? Today’s infographic brings you detailed information about building techniques and technologies used for building some of the biggest ships, trucks and constructions. Click here for full-size image World Maritime News Staff; Infographic so
The market for chartering of LNG shipping deteriorated further during the second quarter of 2015, Golar LNG said in its second quarter business results. As explained, chartering activity and rates both remained low for much of April and May. During the latter half of May and into June the number of
The market for chartering of LNG shipping deteriorated further during the second quarter of 2015, Golar LNG said in its second quarter business results. As explained, chartering activity and rates both remained low for much of April and May. During the latter half of May and into June the number of
Global marine terminal operator DP World reported strong financial results from its global portfolio of marine terminals for the six months to 30 June 2015, delivering profit attributable to owners of $405 million, up by 21.9% compared to the first half of 2014. DP World’s revenue stood at $1.9 bill
Global marine terminal operator DP World reported strong financial results from its global portfolio of marine terminals for the six months to 30 June 2015, delivering profit attributable to owners of $405 million, up by 21.9% compared to the first half of 2014. DP World’s revenue stood at $1.9 bill
Seafarers sometimes fear port calls because of the increase in workload caused by the many audits and inspections when a ship is in dock, according to the results of the second Seafarers Happiness Index report published by Crewtoo, the online social network for seafarers. This increase in workload a
Seafarers sometimes fear port calls because of the increase in workload caused by the many audits and inspections when a ship is in dock, according to the results of the second Seafarers Happiness Index report published by Crewtoo, the online social network for seafarers. This increase in workload a
The Stifel Logistics Situation Index showed an easing in demand in August, resulting in a decline of 1.8 points to a mark of 51.3. However, the current situation in sea freight saw gains over July’s score, and was significant in arresting the pace of decline, providing a bright spot in a month that
The Stifel Logistics Situation Index showed an easing in demand in August, resulting in a decline of 1.8 points to a mark of 51.3. However, the current situation in sea freight saw gains over July’s score, and was significant in arresting the pace of decline, providing a bright spot in a month that
Average CO2 emissions per container per kilometer for global ocean transportation routes have declined by 8.4 percent from 2013 to 2014 and by more than 29 percent since 2009, according to BSR’s Clean Cargo Working Group (CCWG) annual report for 2015. The report attributed a portion of these results
