Glander International Bunkering have hired Kasper Nygaard as Senior Bunker & Lubricant Trader and Team Leader in the Dubai office. Nygaard brings with him over eight years of bunkering experience, having worked for a shipping company in Denmark…
Singapore's minister of trade and industry S. Iswaran said the government is working in consultation with the marine and offshore engineering sectors, plus the region’s financial institutions, to review the possible need for measures to help…
Vessel operating costs are expected to rise in both 2016 and 2017, according to the latest survey by international accountant and shipping consultant Moore Stephens. Repairs and maintenance and spares are the cost categories which are likely to increase most significantly in each of the two years…
China COSCO Holdings , owner of the world's fourth-largest container shipping fleet by capacity, warned of a loss for the year on Friday as it failed to capitalise on a market recovery in the third quarter.Slowing global trade had saddled the sector with a glut of container ships…
Orient Overseas Container Line's (OOCL) total revenues decreased by 13.8 percent to $1.15 billion, for the third quarter of 2016. The shipper’s total volumes were up 5.2 percent from the same period last year. Loadable capacity increased by 0…
Hanjin Shipping's and Outer Harbor Terminal's (OHT) bankruptcies this year have raised questions about the legal separation of joint venture terminal operators that are often lease counterparties for U.S. ports, Fitch Ratings says. These events…
A container vessel that spent months sitting off Canada's west coast due to the collapse of a major South Korea shipping company is set to dock in Vancouver on Thursday, port and union officials said. The Hanjin Scarlet, with nearly 800 containers on board…
In-depth analysis of Q3 container shipping costs reveals positive trends for the beleaguered container carrier segment, according to Xeneta, a benchmarking and market intelligence platform for containerized ocean freight. However, the market remains highly complex and unpredictable…
Freight rates for large capesize dry cargo ships on key Asian routes, which fell to an eight-week low on Wednesday, are likely to continue to slide next week as charterers drip-feed cargoes in an over-tonnaged market, brokers said on Thursday…
Container shipper Islamic Republic of Iran Shipping Lines (IRISL) Chairman Mohammad Saeidi expects the firm to have recuperated by the middle of next year the business lost while Iran was subject to international sanctions. 'Step by step the problems have been resolved…
Global ship demolition activity rose by 16 percent in the first nine months of 2016 in comparison to the same period of 2015, showcasing shipping industry action to counter the imbalance between supply and demand in the market, according to BIMCO…
Germany's HSH Nordbank has arranged a deal which will see six container ships from collapsed South Korean line Hanjin chartered out to Denmark's AP Moller Maersk, the state-backed lender said on Thursday. This is one of the first examples…
Russia's government wants to sell a state stake in oil giant Rosneft to 'real investors' but may force the company to buy its own shares to prop up the country's budget, First Deputy Prime Minister Igor Shuvalov said on Thursday.If Rosneft buys its own shares…
NYK has been selected for the Dow Jones Sustainability Indices (DJSI) for a 14th straight year. The DJSI, which is a major global index for companies engaging in socially responsible investment (SRI), is composed of select sustainability-driven companies from about 3…
Other container shipping firms may join Hanjin Shipping Co Ltd in receivership before the industry emerges from its current shakeout, the vice chairman of world number three player CMA CGM said on Wednesday.South Korea's Hanjin filed for protection from creditors in late August…
