The traffic developments through the Suez Canal showed the change in each type of transient and cargo ships, which gives an indication of the future of traffic in the canal, according to analysis conducted by Daily News Egypt. According to data…
Back in early 1999 the price of a 5 year old Panamax bulkcarrier dipped to $13.5m, and ever since analysts have hailed purchase decisions made at that time as some of the most lucrative shipping deals ever seen, says a report from Clarksons…
The dry bulk shipping sector has been dashed upon the rocks of vessel oversupply and slowing economic growth. Not dry bulk shipping business is grappling with an unprecedented crisis of too many ships and not enough cargoes, says a report in WSJ…
The Eleonora Maersk container carrier (15,500 TEU) entered the port of Antwerp on Thursday morning with a record draught of 15.65 metres, thus breaking the previous record of 15.50 m. With this new milestone the port of Antwerp once again demonstrates…
Mitsui O.S.K. Lines, Ltd. today announced that it will launch trial of onboard data transmission and accumulation for its operated vessels in cooperation with Ship Data Center Co., Ltd.(*) (Representative Director: Yasushi Nakamura; Headquarters: Chiyoda-ku…
According to a weekly update from the U.S. Energy Information Administration (EIA), an oversupply of European distillates is raising the amount of product being held in floating storage, and also causing changes to shipping routes to slow delivery to the continent…
The coming year will be challenging for the shipping industry as global markets face a slowdown, however, the measures put in place by the Singapore Government and Maritime and Port Authority of Singapore (MPA) to help boost the industry are very encouraging…
Paris-based consultancy, Alphaliner, reports “a new mega alliance appears to be in the making,” as French container shipping major CMA CGM and its Chinese counterpart China COSCO lead efforts to set up a new carrier partnership. (Marine Link has reported about this last week…
Wärtsilä has signed a contract with Shanghai Bestway Marine Engineering Design Co Ltd to design a new type of deepwater dive support vessel (DSV). The ship is to be built for China state-owned Shanghai Salvage Bureau (SSB), a professional salvage company in China…
In a history-making run, the largest container ship CMA CGM Benjamin Franklin will arrive in Seattle Monday, Feb. 29 after visits in Long Beach and Oakland, California. It will visit Long Beach Thursday bringing goods from China. Although the event is not public…
The European Community Shipowners’ Associations (ECSA) presented its new brochure on the merits of short sea shipping during a high level meeting organised by the Dutch Presidency of the Council. The intention behind this new initiative is to revitalise the EU’s short sea policy…
JHW has ordered five 85,000 m3 Very Large Ethane Carriers (VLECs) for a JACCAR/Hartmann Reederei joint venture, called UEC (United Ethane Carriers); each vessel will be powered by a single MAN B&W 6G60ME-GI main engine. Dalian Shipbuilding Industry Offshore Co…
As 2,500 ships currently under management by Cyprus-based companies could be registered in the Cypriot registry, a settlement of the Cyprus problem could boost the island`s commercial fleet to new levels, reports CNA. The Cypriot registry…
The first tourist submarine in Turkey is waiting to be sent on a voyage that will reveal the wonders of the undersea world of the Mediterranea. The first submarine tours are planned in April and no doubt they will be interesting and unforgettable for tourists and locals…
The owner of a harbor tanker has been fined £3,000 with more than £7,000 costs after pleading guilty to a charge of operating a vessel for being dangerously unsafe. Joseph O’Connor was fined at the hearing in Southampton Magistrates Court…