NYK’s Ship Information Management System (SIMS), jointly developed by NYK and the Monohakobi Technology Institute has been recognized with Japan’s 2015 Minister of the Environment Award in the Technical Development and Commercialization category…
Dutch shipbuilder Ferus Smit announced it has delivered the world’s first LNG-powered cement tanker, MV Greenland. The delivery was preceded by an extensive program of trials and tests in which the proper working and safety of all systems was verified…
Global shipping consultancy Drewry Maritime Research said the breakbulk shipping market is expected to remain weak until 2017, citing low freight rates and high competition. Although demand growth is expected to recover next year after a very poor 2015…
International dry bulk shipowners seem only to scrap ships aged 18 years or older. While a couple of Chinese owners have scrapped ships that were even younger than that. 19 ships out of 28 ships built in 1998 to 1999 and demolished between…
The port of Antwerp is on course to handle more than 200 million tonnes of freight this year for the first time ever. And in container transhipment too a new record has been set, with more than 9 million TEU (twenty-foot equivalent units…
Overall confidence levels in the shipping industry fell in the three months to November 2015, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. The average confidence level…
The Board of Directors of Stolt-Nielsen Limited has announced the election of a new director, Rolf Habben Jansen, Chief Executive Officer of Hapag-Lloyd AG. The Board of Directors of SNL received approval at the Company's Annual General Meeting in April of 2015 to fill two vacancies…
The Baltic Dry Index fell 4.7 percent to 484 points, the lowest in Baltic Exchange data starting in January 1985. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore…
Shares of Cosco Group and China Shipping have taken a hammering on the stock markets as two major companies lost about $900 million in total market value after the government proposed combining its two key ocean liner groups, reports Bloomberg…
Bulkcarrier investors are generally an optimistic lot, with little time for pessimistic analysts, says a research report by Clarksons. They know that however gloomy the forecasts, some time they will make a nice profit. After all, the ships last 30 years…
Clipper Group has appointed Peter Norborg new Group CEO, succeeding current chief Frank G. Jensen, who will continue with the company as Chairman of the Board. Norborg will commence work in Clipper on April 1, 2016. Norborg, 49, comes from…
Carriers are intensifying their capacity-withdrawal activity, with November seeing a big rise in the number of idle containerships, says Drewry Maritime Research. The size of the idle fleet swelled by 52% from October to November to reach 900…
Drop in commodity prices has slashed global demand for bulk carriers, pushing shipyards out of business, says Chinese news agency Caixin. Huai Jinpeng, a vice minister from the Ministry of Industry and Information Technology, which oversees…
South Korean shipbuilders' new orders in November fell to the lowest level in six years amid woes over their growing losses, Yonhap reports. Meanwhile, Chinese rivals scooped up a large slice of contracts, according to the data compiled by global researcher Clarkson Research Services…
Globus Maritime reported loss in Q3 results amid depressed dry bulk rates though it remains cautiously optimistic on China’s economy and expects demand for dry bulk commodities to remain strong. Total comprehensive loss for the third quarter of the year 2015 amounted to $2…
