Drewry’s 2Q14 Container Forecaster highlights that there is a widening gap between the positive financiáis of the few carriers really focused on cutting costs and the rest of the top 20 lines, as they battle with the pressure of falling freight rates. Drewry forecasts that once again, average frei
For travelers looking to book a significant deal on a cruise vacation, timing is everything. Therefore, it is of utmost importance to know what to take in mind especially if you want to strike a good deal. “A great deal for a cruise fare can range anywhere from $50 to $100 per person, per [&hellip
Wilhelmsen Ships Service (WSS) has responded to changes in the marine bunker market with a campaign that aims to help shipowners get the best from their residual and distillate fuels. A consistent reduction in the quality of fuels available to shipowners, the need to comply with IMO and EU regulatio
Liberia has been confirmed as the best-performing major ship registry worldwide over the last three years in the latest statistics from the Paris Memorandum of Understanding (MoU) on Port State Control. The Paris MoU statistics confirm that Liberia had the best detention rate during the last three y
Guidelines to help shipowners comply with a new International Maritime Organization (IMO) regulation requiring ship-specific plans and procedures for the recovery of persons from the water were launched yesterday by the International Chamber of Shipping (ICS), the global trade association for shipow
The crew of TORM Sofia, a tanker owned by Danish transportation company Torm specializing in carrying refined oil products, has deterred an approach by a group of pirates in the Gulf of Aden, the Arabian Sea on June 28. The company said that there were no injuries to crew, vessel, environment or car
Marine Assets Corporation (MAC) has announced delivery of a specially designed AHT for Stanford Marine, Dubai. With an LOA of 50m and a beam of 15m the MMC 950 designed AHT, constructed at Fujian Mawei Shipbuilding, Fuzhou, S.E.China, has a special low air draft to facilitate her ability to transit
The World Shipping Council (WSC) estimates in its report on containers lost at sea that for the combined six year period from 2008 to 2013, there were 546 containers lost on average each year. This figure does not include catastrophic events, and 1,679 containers lost at sea each year including cata
Kawasaki Kisen Kaisha, Ltd., Tokyo, (“K” Line) has taken delivery of “Galaxy River”, an 82,200 cbm-type LPG Carrier at Sakaide Shipyard of Kawasaki Shipbuilding Co., Ltd., Japan on June 27, 2014. Galaxy River will be operated by “K” Line under a Consecutive Voyage Charter Contract with Japan Gas Ene
Climate scientists have long tried to explain why ice-age cycles became longer and more intense some 900,000 years ago, switching from 41,000-year cycles to 100,000-year cycles. In a paper published this week in the journal Science, researchers report that the deep ocean currents that move heat arou
It seems to have taken a very long time coming, but the public is at last being alerted to why their shipping is likely to cost more in the future, according to Watchkeeper. Six months from the coming into force of the EU Sulphur Directive, letters and articles have appeared in national newspapers p
The European Council has endorsed an EU maritime security strategy as a framework for effectively and comprehensively addressing the EU’s maritime security challenges. The objective is to secure the EU’s maritime security interests against risks and threats in the global maritime domain, such as cro
Liquefaction of mineral ores, resulting in cargo shift and loss of stability, has been a major cause of marine casualties for many decades. Recent incidents, which appear to have lead to several total losses, have primarily involved the carriage of unprocessed natural ores such as iron ore fines. As
Lack of consolidation in the box carrying segment will resume exerting pressure on shippers, according to Drewry Shipping Consultants. Despite the fallout of the P3 network planned by Maersk, MSC and CMA CGM, competing shippers, especially those in China may not be in a position to keep up with the
